Download Sample, Rising the Adoption of Liquorice Extract in Food and Beverages Industry, Driving the Market Expansion
Food and beverages industry use liquorice extract as a flavour enhancer and an all-natural non-caloric sweetening agent. Due to its peculiar taste, which is described as rather warm with a slightly bitter-sweet note, jaggery is in high demand in confectionery production, as well as in the production of beverages and baked goods. For instance, in the European Market, liquorice especially in sweet-meats and candies has a long history, and hence is well accepted by the consumers. Due to this cultural link it has been used frequently in diversifying various foods hence has a high market appeal. For instance, in July 2022, Givaudan, Buhler and Cargill teamed up with FoodTech HUB Latam and ITAL to establish a food innovation hub in Campinas, known as Brazil's technology hub. The collaboration would assist in creating environmentally-friendly food and drink items for all three businesses. Consequently, all of this led to the growth of the liquorice extract industry.
Apart from its conventional application, sugar and liquorice extract offer distinct market impacts. While sugar appeals to traditional tastes and adds sweetness, liquorice extract caters to health-conscious consumers seeking natural, lower-calorie alternatives, driving demand in wellness-focused and specialty products. This quality makes the sucralose a vital product in the formulation of healthier snack, beverages and low calorie sweeteners. Because of the concerning global shift towards natural and low-sugar products, liquorice extract is being adopted widely in the food and beverage industries as a healthy ingredient of the current time.
Apart from its conventional application, sugar and liquorice extract offer distinct market impacts. While sugar appeals to traditional tastes and adds sweetness, liquorice extract caters to health-conscious consumers seeking natural, lower-calorie alternatives, driving demand in wellness-focused and specialty products. This quality makes the sucralose a vital product in the formulation of healthier snack, beverages and low calorie sweeteners. Because of the concerning global shift towards natural and low-sugar products, liquorice extract is being adopted widely in the food and beverage industries as a healthy ingredient of the current time.
Growing Demand for Liquorice Extract in Traditional Medicine and Pharmaceuticals
Due to rising in demand for natural forms of medicine, consumers and traditional medicine and pharma businesses, the demand for liquorice extract will keep growing. Especially with further research stating its benefits in the medical field, there should be expected continued usage of liquorice in these fields rising its relevance. As mentioned at the National Institute of Health, Liquorice is composed of more than 300 chemicals among them being antiviral, antimicrobial and ant- inflammatory. Correspondingly, it is employed in digestive tonics with the demulcent (relieves irritation) as well as mild laxative contribution on symptoms of peptic ulcer.
Many therapeutic properties of glycyrrhiza glabra which make it of interest to the pharmaceutical industry have been reported over the years. In cough syrups and lozenges, the substance has the function of an expectorant and demulcent. In addition, there was positive results for liquorice extract in the management of diverse ailments such as gastrointestinal disorders, respiratory diseases and skin diseases. Correspondingly, its anti-inflammatory and antiviral effects were of interest to scholars who investigated its possibility of being used as a chronic disease remedy.
Many therapeutic properties of glycyrrhiza glabra which make it of interest to the pharmaceutical industry have been reported over the years. In cough syrups and lozenges, the substance has the function of an expectorant and demulcent. In addition, there was positive results for liquorice extract in the management of diverse ailments such as gastrointestinal disorders, respiratory diseases and skin diseases. Correspondingly, its anti-inflammatory and antiviral effects were of interest to scholars who investigated its possibility of being used as a chronic disease remedy.
Recent Trends in the Liquorice Extracts Industry
- Growing preference for natural and plant-based ingredients in health and wellness products
- Rising scrutiny regarding the safety and regulatory aspects of liquorice extracts.
- Emphasis on sustainable sourcing of liquorice roots to ensure environmental and ethical practices
- Growing body of evidence supports its use in products aimed at improving digestive health
- Liquorice extracts are increasingly used in dietary supplements and herbal remedies.
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Market growth is Being Hindered by Health Risks, Regulatory Scrutiny and Competition from Alternative Possibilities
Overindulging in liquorice extract, mainly due to its glycyrrhizin content, can lead to health dangers such as high blood pressure, low potassium levels and swelling. These worries have resulted in more stringent regulatory actions and restrictions on its application in food, drinks and drugs. Consequently, companies encounter difficulties in developing products and expanding in the market. Authorities are implementing rules to guarantee the safety of consumers, potentially limiting the allowed amounts of liquorice extract in items. This increased scrutiny affects the industry's capacity to innovate and satisfy consumer needs while maintaining safety protocols.
The rising demand for alternative natural ingredients and herbal extracts is endangering the liquorice extract market. The demand for liquorice may reduce as consumers and manufacturers look for alternatives that offer similar or improved health benefits. The change is motivated by the quest for new and possibly better components in health and wellness goods. As a result, liquorice extracts may experience a reduction in market share as rival companies introduce new products that cater to changing consumer tastes. The industry needs to adjust by either highlighting the distinct advantages of liquorice or expanding the product range to stay competitive in the market. Due to these factors, the market is being negatively affected for liquorice extract.
The rising demand for alternative natural ingredients and herbal extracts is endangering the liquorice extract market. The demand for liquorice may reduce as consumers and manufacturers look for alternatives that offer similar or improved health benefits. The change is motivated by the quest for new and possibly better components in health and wellness goods. As a result, liquorice extracts may experience a reduction in market share as rival companies introduce new products that cater to changing consumer tastes. The industry needs to adjust by either highlighting the distinct advantages of liquorice or expanding the product range to stay competitive in the market. Due to these factors, the market is being negatively affected for liquorice extract.
Product Launches are Driving the Demand for Liquorice Extract Market Expansion
Lack of information and ease of availability of products have boosted consumer demand and new products to cater for the liquorice extract market which is expanding massively. Food and beverage firms are taking advantage of liquorice’s natural properties of being sweet and having healing properties to develop new products within the various industries. For instance, 82ºE launched in June 2023 a new Liquorice Beam sunscreen gel which is suitable for oily skin to protect and nourish it. It is an antioxidant that works as a very effective brightening agent which will prevent further formation of new dark spots and assist in the lightening of the existing ones.
Several new product developments showcase the versatility of liquorice extract, with enhanced flavours in confectionery and beverages being a highlight, along with its therapeutic properties in cough syrups and skincare products. This can be attributed to the growing interest that consumers are paying to natural sources and globally acceptable remedies. the market for liquorice extract and its various application is expected to rise and broaden along with the expansion of product options. All these are effects of the product launches which are increasing demand and the size of the market.
Several new product developments showcase the versatility of liquorice extract, with enhanced flavours in confectionery and beverages being a highlight, along with its therapeutic properties in cough syrups and skincare products. This can be attributed to the growing interest that consumers are paying to natural sources and globally acceptable remedies. the market for liquorice extract and its various application is expected to rise and broaden along with the expansion of product options. All these are effects of the product launches which are increasing demand and the size of the market.
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Liquorice Extract Market is dominated by Asia Pacific and Europe Regions in Terms of Sales and Consumption
The growing need for natural and herbal ingredients in traditional medicine and functional foods is fuelling growth in the liquorice extract market, with a focus on the Asia-Pacific region. Growing knowledge among consumers about the health advantages of liquorice, along with higher disposable incomes and a thriving health and wellness industry, drives market expansion. The area's abundant herbal medicine traditions, when paired with contemporary application in pharmaceuticals and dietary supplements, correspondingly rise the desire for these products. Furthermore, favourable weather conditions and government support boost liquorice production and supply, strengthening the Asia-Pacific region's position in driving global market growth.
In Europe, there is a growing market for liquorice extract driven by the rising consumer interest in natural and functional ingredients for use in food, drinks and medicine. Europe's market growth is fuelled by a strong herbal remedies’ tradition and rising preference for natural health solutions. Moreover, the strong regulatory framework in the area is beneficial for utilizing top-notch liquorice extracts, which promotes the growth of the industry. Advancements in extraction techniques and an increasing emphasis on environmentally friendly sourcing boost market growth even more.
In Europe, there is a growing market for liquorice extract driven by the rising consumer interest in natural and functional ingredients for use in food, drinks and medicine. Europe's market growth is fuelled by a strong herbal remedies’ tradition and rising preference for natural health solutions. Moreover, the strong regulatory framework in the area is beneficial for utilizing top-notch liquorice extracts, which promotes the growth of the industry. Advancements in extraction techniques and an increasing emphasis on environmentally friendly sourcing boost market growth even more.
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The report provides a detailed overview of the liquorice extracts market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for liquorice extracts market has been offered for all regional market share, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the liquorice extracts market. These Y-o-Y projections on regional and country-level markets brighten the political, economic and business environment outlook, which are anticipated to have a substantial impact on the growth of the liquorice extracts market. Some key country and region included in the liquorice extracts market report as follows:
| Regions | Countries |
|---|---|
| North America | United States, Canada |
| Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Central America Countries, Caribbean Countries, Rest of Latin America |
| Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Czech Republic, Rest of Europe |
| Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Philippines, Vietnam, Thailand, Bangladesh, Rest of Asia Pacific |
| Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Ethiopia, Algeria, Israel, Iran, Iraq, Kenya, Rest of MEA |
Licorice Extracts Market Research Report Covers In-depth Analysis on:
- Liquorice extracts market detailed segments and segment-wise market breakdown
- Liquorice extracts market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in liquorice extracts industry)
- Current, historical and forthcoming 10 years market valuation in terms of liquorice extracts market size (US$ Mn), volume (Tons), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Liquorice extracts market demand analysis
- Liquorice extracts market pricing analysis over forecast period (by key segment and by region)
- Liquorice extracts market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in liquorice extracts market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in liquorice extracts market
- Liquorice extracts market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on liquorice extracts market forecast by countries
- Mergers and acquisitions in liquorice extracts market
- Essential information to enhance market position
- Robust research methodology
- Frequently Asked Questions -
What are the key drivers of growth in the liquorice extracts market?
Increasing consumer demand for natural ingredients, rising awareness of health benefits, and growing applications in the food and beverage sector are major drivers of growth in the licorice extracts market.
What is the expected market growth for liquorice extracts in the next decade?
The licorice extracts market is expected to see substantial growth over the next decade, driven by increasing demand for natural food additives, herbal remedies, and cosmetics, particularly in developing regions.
Are there any challenges faced by the liquorice extracts market?
Challenges include the high cost of raw material production, fluctuations in supply due to climate conditions, and competition from synthetic alternatives, which may hinder market growth in some regions.
