Market Size
Global Licorice Extract Market reached US$ 2.36 billion in 2025 and is expected to reach US$ 3.80 billion by 2033, growing with a CAGR of 6.1% during the forecast period 2026-2033.
Licorice extract is recognized for its perceived health benefits, particularly its soothing properties for respiratory and digestive health. This recognition has prompted its incorporation into various products, including supplements, herbal remedies, and functional foods and beverages. Health-conscious consumers are seeking such products and driving the licorice extracts market growth.
Licorice extract is a preferable ingredient in the cosmetics and skincare industry. It is considered for its skin-soothing, anti-inflammatory, and brightening effects., DPKA Universal Consumer Ventures Private Limited, a skincare company, expanded its product line by launching the sunscreen gel Licorice Beam. The product is made up of licorice and ceramide and protects from UVA and UVB rays.
Pharmaceutical-grade has a significant share of the licorice extract market due to its health benefits and therapeutic attributes. North America, has a significant presence in the licorice extract market. According to Cross River Therapy, a provider of ABA therapy services for children, in 2021, the pharmaceutical industry in the United States generated $550 billion. This growing pharmaceutical industry acts as a key driver for the licorice market growth in that region.
Market Scope
| Metrics | Details |
| CAGR | 6.1% |
| Size Available for Years | 2023-2033 |
| Forecast Period | 2026-2033 |
| Data Availability | Value (US$) |
| Segments Covered | Product, Form, Grade, Distribution Channel, Application and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Fastest Growing Region | Europe |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Equipment Type Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
Market Dynamics and Trends
Increasing Demand for Natural Ingredients
The increasing awareness of health and ingredient quality in food, drinks, and personal care items has created a rising need for natural, plant-based components like licorice extract. These ingredients are favored because they are perceived as a healthier option compared to artificial additives and sweeteners.
The awareness of natural and botanical ingredients is in the skincare industry increasing. Licorice extract's potential skin-brightening and anti-inflammatory properties make it a demanding ingredient in skincare products. Kulfi Beauty, a beauty brand, made its debut at Sephora and introduced a new concealer, Main Match. The product contains elements with South Asian influences, such as hydrating and anti-inflammatory saffron flower extract, antioxidant-rich alma fruit extract, calming licorice root extract, and rosehip extract.
Growing Awareness Regarding Licorice Extract for Health Benefits
Licorice root has a long history of traditional use in treating various health conditions, spanning lung, liver, circulatory, and kidney ailments. In contemporary times, it is frequently marketed as a dietary supplement with potential applications in addressing digestive issues, alleviating menopausal symptoms, relieving coughs, and combating bacterial and viral infections. Its diverse therapeutic uses and historical significance continue to make licorice root a popular choice in natural health remedies and dietary supplementation.
According to an article published in the Journal of Heliyon, the bioactive compounds present in licorice, like glycyrrhizin, glycyrrhizin acid, and isoliquirtin, among others, have pharmacological benefits that encompass anti-cancer, anti-atherogenic, anti-diabetic, anti-asthmatic, anti-inflammatory, and others. Hence, the awareness about the health benefits of licorice grows, and the market also expands.
Regulatory Constraints
Regulatory authorities globally impose limits on glycyrrhizin content in food, supplements, and herbal products due to potential health risks like high blood pressure and potassium depletion. The U.S. FDA and EFSA have rigorous safety and quality standards for food ingredients, including licorice extract, ensuring product safety and compliance with these standards.
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Market Segment Analysis
The global licorice extract market is segmented based on product, form, grade, distribution channel, application and region.
The Medicinal Properties of Licorice Extract
Licorice extract, with a rich tradition in traditional medicine, holds great esteem for its potential health advantages. It contains glycyrrhizin, which is well regarded for its anti-inflammatory, antiviral, and immunomodulatory properties. This makes pharmaceutical-grade licorice extract a preferable ingredient in diverse pharmaceutical formulations.
Market Geographical Penetration
North America’s Growing Pharmaceutical Industry
North American consumers are increasingly health-conscious and seek natural remedies and supplements. In the United States, the International Food Information Council (IFIC) conducted a survey and the results showed that 48% of respondents said they preferred to buy products with all-natural flavors. Because of licorice's health advantages, it is a preferred option in the region.
Market Companies
The major global players include Norevo, Mafco Worldwide LLC, Sepidan Osareh Jonoob Co., Zagros Licorice Co., Shaanxi Fujie Pharmaceutical Co., Ltd., BGG WORLD, VPL Chemicals, Avestia Pharma, C.E. Roeper GmbH, Botanic Healthcare.
Key Developments
- December 2025: Natural Remedies (India) advanced R&D on its patented deglycyrrhizinated licorice extract GutGard®, completing a preclinical investigation into GLP‑1 and metabolic‑pathway support and announcing a new January 2026 human clinical study to expand its evidence base for digestive‑health and metabolic applications. This work positions GutGard® as a data‑rich, standardized licorice‑derived ingredient for next‑generation gut‑health and appetite‑management formulations.
- October 2025: Natural Remedies (India) highlighted a new clinical‑efficacy study on GutGard® showing faster and more robust symptom resolution in gastroesophageal reflux versus placebo, reinforcing its marketed profile as a low‑glycyrrhizin, high‑flavonoid licorice extract for long‑term digestive‑health supplements and functional foods.
- August 2025: Nanjing Agricultural University (China) validated a technological advancement in food‑grade licorice‑extract use, demonstrating that licorice‑extract treatment significantly inhibits spore‑forming bacteria in ready‑to‑eat chicken breast and extends shelf life while preserving meat quality, opening a pathway for natural licorice‑based preservative systems in RTE meat formulations.
Why Purchase the Report?
- To visualize the global licorice extract market segmentation based on product, form, grade, distribution channel, application and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of licorice extract market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global licorice extract market report would provide approximately 77 tables, 81 figures and 178 Pages.
Target Audience
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
