Licorice extract comes from the licorice plant. The root of the plant is primarily used in preparing the extract, and the hard woody plant is pulped then boiled to further extract and refine the contents.
Licorice extract is a natural ingredient often found in both food and herbal medicine supplements. While the full medicinal effectiveness of licorice has not been completely tested, some benefits have been proven and others have enough support to warrant its inclusion in a number of supplements. Often found in teas and used in a number of different products as a flavoring ingredient, licorice extract can provide help in treating stomach issues such as heartburn, but does have some noteworthy side effects that should be considered.
Licorice extract has three types, which include pharmaceutical grade, food grade and feed grade. And each type has application industries relatively. With pharmaceutical value and sweetening effect of licorice extract, the downstream application industries will need more licorice extract products. So, licorice extract has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce high purity and good performance licorice extract through improving technology.
According to this study, over the next five years the Licorice Extract market will register a -0.4% CAGR in terms of revenue, the global market size will reach US$ 850 million by 2024, from US$ 870 million in 2019.
Global Licorice Extract Market report features the major aspect of the market in terms of historic data, current market situations, market demand along with detailed analysis of the key players involved in the market.Licorice Extract Industry report also provides essential attributes associated with Licorice Extract market and act an essential tool to companies active across the value chain and to the newcomer by enabling them to capitalize the opportunities and develop business strategies.
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Global Licorice Extract Market focuses on the, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.Licorice Extract business report categorizes the market based on manufacturers, regions, type and application. From a global perspective, this report represents Licorice Extract market in-depth outlook by analyzing historical statistics and future prospect.
TOP MOST PLAYERS:
Market Segment by Type, covers:
Market Segment by Applications, can be divided into:
The prospective of this Licorice Extract industry study delivers the key industry dynamic with respect to driving & limiting factors with their current and expected impact on market growth. Moreover, Licorice Extract present market share and future prospects of the segment in terms of has also been explored in this report.
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Conclusively, the Licorice Extract Market report provides major statistics on the state of the industry also it is considered as an essential source of guidance and direction for businesses and individuals involved in the market.