The global Licorice Root Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2023-2032. Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Licorice Root market include Iran Medical Herb, Fanavaran-e-Tosee Sanat-e-Gharb, Glycyrrhiza Glabra Co Ltd., Naturex SA, Norevo, Green Agro Invest LLC, Hepner & Eschenbrenner GmbH & Co. KG, Maruzen Pharmaceuticals CO. Ltd., Nutra Green Biotechnology Co. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Market Dynamics

The licorice root market is driven by the scaling demand for natural and herbal remedies, the increasing awareness of the health benefits, and its diverse applications in traditional medicine and the food industry. Licorice root is valued for its medicinal properties, including anti-inflammatory, expectorant, and anti-viral effects. The market experiences growth as consumers seek natural alternatives to synthetic pharmaceuticals, with licorice root gaining popularity in herbal supplements, teas, and skincare products. Additionally, this root is used as a flavoring agent in confectionery and food products, contributing to its commercial demand in the food industry. The market's expansion is further fueled by research and development activities exploring licorice root's potential in treating various health conditions, such as respiratory ailments, digestive disorders, and skin conditions. The increasing availability of licorice root extracts and supplements through pharmacies, health food stores, and online platforms also drives the market's growth, catering to the rising consumer interest in natural health and wellness products.

The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of licorice root. The growth and trends of licorice root industry provide a holistic approach to this study.

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Market Segmentation

This section of the licorice root market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Product Form

  • Powder
  • Roots
  • Extracts
  • Blocks
  • Paste

By End-Use

  • Tobacco
  • Food & Beverage
  • Cosmetic
  • Healthcare
  • Pharmaceutical

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Licorice Root market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

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