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July 2025
The global glycyrrhiza glabra licorice root extract market size is calculated at USD 2.28 billion in 2025 and is forecasted to reach around USD 3.87 billion by 2034, accelerating at a CAGR of 6.05% from 2025 to 2034. The Asia Pacific market size surpassed USD 1.01 billion in 2024 and is expanding at a CAGR of 6.18% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
The global glycyrrhiza glabra licorice root extract market size accounted for USD 2.15 billion in 2024 and is predicted to increase from USD 2.28 billion in 2025 to approximately USD 3.87 billion by 2034, expanding at a CAGR of 6.05% from 2025 to 2034. The market is experiencing significant growth due to the increasing demand for herbal and natural ingredients in pharmaceuticals, cosmetics, and food products. This growth is further supported by the anti-inflammatory, antioxidant, and antimicrobial properties of these ingredients. Additionally, the rising use of herbal products in skincare, respiratory health supplements, and functional foods is expected to drive market expansion.
Artificial intelligence (AI) is transforming the glycyrrhiza glabra licorice root extract market, especially in process optimization, quality control, and research. AI-driven predictive maintenance, intelligent process automation, and quality control systems improve efficiency and reduce costs. Computer vision, powered by AI, can inspect raw materials and finished products quickly and accurately, detecting defects and contaminants. AI analytics can also process data from manufacturing sensors to predict failures and schedule maintenance. Additionally, AI helps analyze market trends and consumer data to identify new applications for licorice root extract across industries like cosmetics, food, and pharmaceuticals.
The Asia Pacific glycyrrhiza glabra licorice root extract market size was exhibited at USD 1.01 billion in 2024 and is projected to be worth around USD 1.84 billion by 2034, growing at a CAGR of 6.18% from 2025 to 2034.
How Did Asia Pacific Dominated the Glycyrrhiza Glabra Licorice Root Extract Market in 2024?
Asia Pacific dominated the glycyrrhiza glabra licorice root extract market in 2024. This dominance is largely attributed to extensive cultivation, traditional medicinal uses, and supportive government policies. Countries like China and India have large agricultural bases and favorable climates for cultivating licorice plants, resulting in significant production. Rapid industrialization and urbanization, growing consumer awareness of natural remedies, and increasing demand from various sectors, including pharmaceuticals, cosmetics, and the food and beverage industry, further contribute to this leading position. Additionally, government initiatives promoting organic farming, the export of herbal products, and the development of infrastructure for licorice cultivation and extraction are bolstering the regional supply chain and production capacity.
India Glycyrrhiza Glabra Licorice Root Extract Market Trends
India plays an evolving role in the global market for licorice. Its growth is driven by traditional uses in Ayurveda, which values licorice for its medicinal properties in treating various ailments such as respiratory disorders, digestive issues, and skin diseases. This traditional significance, combined with increasing consumer awareness of the health benefits of licorice, is not only in pharmaceuticals but also in the food and beverage industry. While India cultivates some licorice, it also relies on imports to meet the growing demand, particularly for high-quality roots, and stands as a significant manufacturer and exporter of licorice extracts worldwide.
Made North American Glycyrrhiza Glabra Licorice Root Extract Market
North America is currently experiencing the fastest growth in the licorice root extract market. This growth is primarily driven by a strong emphasis on natural and organic products, growing health consciousness, and robust applications in the food, pharmaceutical, and cosmetic sectors. Additionally, a supportive regulatory environment in North America facilitates the development and adoption of licorice extract applications. Licorice extract is utilized across various sectors, including food and beverages, pharmaceuticals, cosmetics, and personal care products. North America is home to several leading market players, such as Mafco Worldwide LLC, Norevo GmbH, and Zagros Licorice Co., which contribute to product innovation and market development.
The U.S. Glycyrrhiza Glabra Licorice Root Extract Market Trends
The U.S. plays a significant role in the global market, primarily due to the increasing demand for natural and organic ingredients in the food and beverage, pharmaceutical, and personal care sectors. Consumers are increasingly turning to licorice extract for its health benefits, using it in foods, beverages, pharmaceuticals, and herbal medicines. The expanding presence of e-commerce further enhances the accessibility and market reach of licorice extract products, while ongoing research and development into its applications and benefits are expected to drive further growth and innovation in the U.S. market.
Europe: Notable Region in the Global Market
Europe is projected to experience notable growth in the global market in the foreseeable future. This growth can be attributed to strong regulatory support for natural ingredients, heightened consumer awareness of health and wellness, and a well-established market for herbal remedies. Advancements in research and innovation are further expanding the applications of licorice extract across various industries. European importers, particularly from countries like France and Germany, have strong supply chains and sophisticated extraction facilities, enhancing the availability and accessibility of licorice extract. Continuous research and development efforts by companies are leading to new product innovations and market expansion.
How Will Latin America Surge in the Glycyrrhiza Glabra Licorice Root Extract Market?
Latin America has a unique role in the global market, driven by increasing industrialization, heightened investment in automation, and government support for modernization. The global trend toward greater demand for natural ingredients, combined with the well-documented health benefits of licorice root extract, is propelling demand in this region. The pharmaceutical and cosmetic industries are also experiencing growth, using licorice extract for its anti-inflammatory and medicinal properties, further elevating the market.
Middle East and Africa Emerging in the Global Market
The Middle East and Africa is witnessing significant growth in the global market, driven by rising demand for natural and herbal ingredients in pharmaceuticals, cosmetics, and food products, alongside growing health consciousness. Consumers in the region are becoming increasingly aware of the potential health benefits of natural ingredients like licorice root extract, which is boosting demand across various sectors. Traditional healing practices in the area often incorporate licorice root extract, further enhancing its appeal. Proactive government policies, including financial incentives, regulatory reforms, and infrastructure development, are fostering growth in this region.
The Glycyrrhiza glabra licorice root extract market involves the production, processing, and sale of bioactive compounds from the root of the Glycyrrhiza glabra plant, mainly grown in regions like the Middle East, Asia, and parts of Europe. The extract contains glycyrrhizin, flavonoids, and other phytochemicals that offer medicinal, cosmetic, and flavor-enhancing benefits. It is widely used in pharmaceuticals for its anti-inflammatory and antiviral properties, in food and beverages as a natural sweetener and flavoring agent, in cosmetics for skin brightening and anti-aging, and in dietary supplements for gastrointestinal and immune health. The market includes a variety of extract types, processing techniques, and grades designed for different industrial uses.
| Report Coverage | Details |
| Market Size by 2034 | USD 3.87 Billion |
| Market Size in 2025 | USD 2.28 Billion |
| Market Size in 2024 | USD 2.15 Billion |
| Market Growth Rate from 2025 to 2034 | CAGR of 6.05% |
| Dominating Region | Asia Pacific |
| Fastest Growing Region | North America |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
| Segments Covered | Product Type, Glycyrrhizin Content, Grade, Extraction Method, Distribution Channel, and Region |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Increasing Demand for Natural and Plant-Based Ingredients
The main driver for the Glycyrrhiza glabra licorice root extract market is the increasing demand for natural and plant-based ingredients across various industries, including pharmaceuticals, cosmetics, and food and beverages. This trend is supported by growing consumer awareness of the health benefits of licorice root extract and a preference for natural and organic products. The extract is increasingly used in skincare products for its skin-brightening, anti-aging, and anti-inflammatory effects. The adoption of traditional medicine systems like Ayurveda and Traditional Chinese Medicine in Western markets also boosts demand.
Potential for Adverse Health Effects Linked to Glycyrrhizin
The primary restraint in the Glycyrrhiza glabra licorice root extract market is the potential for adverse health effects linked to glycyrrhizin, a key component of licorice, especially with long-term or excessive use. Glycyrrhizin, a sweet-tasting compound in licorice, can cause issues such as hypertension, hypokalemia, cardiovascular problems in pregnant women, and increase the risk of premature delivery. It can also interact with medications like corticosteroids, limiting its use in certain applications, particularly where long-term consumption is involved, such as in food or dietary supplements.
Growing Use of Licorice Extract in Immune Support and Functional Foods
A key future opportunity in the market is the growing use of licorice extract in immune support and functional foods. This shift is driven by increased awareness of licorice's antiviral and anti-inflammatory properties, especially for boosting the body's natural defenses. Bioactive compounds like glycyrrhizin are gaining recognition for their potential to support immune health, leading to their inclusion in a range of products aimed at strengthening immune function. The growing demand for functional foods, those offering health benefits beyond basic nutrition, is also fueling market growth.
Why did the Powder Extract Segment Lead the Glycyrrhiza Glabra Licorice Root Extract Market in 2024?
The powder extract segment led the market in 2024, primarily the spray-dried powder sub-segment holding a share of 38%. This is mainly due to its ease of use, storage, and versatility. Spray drying converts liquid extracts into a stable, free-flowing powder, ideal for various products with longer shelf life and less susceptibility to degradation compared to liquids. Licorice extract powder can be easily incorporated into tablets, capsules, and other solid forms and used as a flavoring, sweetener, or functional ingredient in various foods and beverages.
The liquid extract segment, especially water-based extracts, is experiencing the fastest growth during the projected timeframe. This growth is stemming mainly from its popularity as a natural, clean-label ingredient in foods, beverages, and cosmetics, along with perceived health benefits in supplements. Water-based extracts appeal to consumers seeking natural, transparent sources and are known for their health-supporting properties, like anti-inflammatory, antiviral, and antioxidant effects, making them a preferred option.
How the Medium Glycyrrhizin (10-20%) Segment Dominate the Glycyrrhiza Glabra Licorice Root Extract Market in 2024?
The medium glycyrrhizin (10-20%) segment held the largest market share in 2024, due to its balanced efficacy and safety. This concentration provides effective therapeutic benefits while reducing risks associated with higher levels of glycyrrhizin. As the main bioactive compound, glycyrrhizin offers antiviral, anti-inflammatory, and hepatoprotective effects, making this concentration suitable for a variety of uses such as traditional medicine, dietary supplements, and cosmetics. Its broad applicability helps maintain its market dominance.
The deglycyrrhizinated licorice (DGL) is the fastest-growing segment, mainly driven by its safety profile and effectiveness in treating gastrointestinal issues like acid reflux and stomach ulcers while minimizing side effects related to glycyrrhizin. The trend toward safer, natural remedies boosts demand for DGL, making it a popular choice for digestive health for managing acid reflux, heartburn, and stomach ulcers. There is a global trend towards using natural and herbal remedies, and DGL fits this trend perfectly, offering a plant-based solution for digestive health concerns. DGL is also used in oral health products, like lozenges and mouthwashes, for its soothing effects on the oral mucosa.
What Made the Pharmaceutical Grade Segment Lead the Glycyrrhiza Glabra Licorice Root Extract Market in 2024?
The pharmaceutical grade segment led the market in 2024. This dominance is primarily due to its high purity, consistent quality, and adherence to stringent regulatory requirements essential for pharmaceutical applications. Pharmaceutical-grade extracts undergo rigorous testing and quality control processes to meet strict standards regarding active compound content and the absence of contaminants. Moreover, pharmaceutical-grade licorice extract complies with these regulations, making it an ideal choice for drug development and manufacturing. This ensures consistent levels of active compounds like glycyrrhizin, which are crucial for achieving desired therapeutic effects, safety, and efficacy in medications.
The cosmetic grade segment was the fastest-growing segment during the forecast period. This growth is driven by its natural skin-whitening, anti-inflammatory, and anti-aging properties, which align with the increasing consumer preference for natural and organic skincare ingredients. As consumers actively seek out clean-label products and plant-based ingredients, there has been a significant rise in the demand for licorice extract, particularly for its glabridin component, known for inhibiting melanin production and reducing hyperpigmentation. This trend is further fueled by an increasing awareness of traditional medicine.
How Will the Water Extraction Segment Become Dominant in the Glycyrrhiza Glabra Licorice Root Extract Market in 2024?
The water extraction segment maintained its dominant position in the market in 2024 due to its safety, cost-effectiveness, and ability to extract bioactive compounds such as glycyrrhizic acid. This compound possesses anti-inflammatory and other beneficial properties. Water is a non-toxic solvent, making water-extracted licorice products safer for consumption and suitable for various applications, like cosmetics and pharmaceuticals. Water extraction effectively isolates glycyrrhizic acid, resulting in extracts with fewer impurities compared to other methods, and aligns with the growing demand for sustainable and environmentally friendly products.
The supercritical CO2 extraction segment is experiencing rapid growth during the forecast period, primarily due to its environmentally friendly nature, high efficiency, and ability to preserve the quality of extracted bioactive compounds. This extraction method occurs at relatively low temperatures, crucial for maintaining the integrity of delicate compounds in licorice root, such as glycyrrhizic acid, which can degrade at higher temperatures used in conventional methods. Supercritical carbon dioxide acts as a non-toxic, non-flammable, and non-corrosive solvent, allowing for lower extraction temperatures while minimizing environmental impact and potential solvent residues.
How Did the Pharmaceuticals Segment Lead the Glycyrrhiza Glabra Licorice Root Extract Market in 2024?
The pharmaceuticals segment dominated the market in 2024, with the respiratory medicines sub-segment holding a major share of 34%. This is largely due to their well-established medicinal properties, particularly their anti-inflammatory and antiviral effects, which are essential for treating respiratory ailments. These properties make them valuable components in medications for conditions such as coughs, colds, bronchitis, and asthma. The growing preference for natural and herbal ingredients in pharmaceuticals and increasing awareness of traditional medicine practices have contributed to this trend, leading to research and development efforts focused on creating advanced drug delivery systems.
The cosmetics & personal care segment will be the fastest-growing segment, particularly the skin brightening creams sub-segment. This growth can be attributed to the natural skin-brightening and anti-inflammatory properties of licorice extract, which is rich in antioxidants. These antioxidants help protect the skin from damage caused by free radicals and UV radiation. Licorice extract can be incorporated into various skincare products such as serums, moisturizers, masks, and sunscreens, enhancing its market reach due to the extract's effectiveness in addressing hyperpigmentation, uneven skin tone, and other skin concerns.
Why Did the Direct Sales (B2B) Segment Dominate the Glycyrrhiza Glabra Licorice Root Extract Market in 2024?
The direct sales (B2B) segment led the market in 2024. This is attributed to the demand for specialized knowledge, quality control, and tailored solutions in industries such as pharmaceuticals, nutraceuticals, and cosmetics. B2B buyers in these sectors require an in-depth understanding of the extract's properties, extraction methods, and potential applications, allowing for detailed technical discussions and customized solutions. In complex B2B transactions, trust and long-term relationships are essential. Direct engagement fosters stronger partnerships and facilitates ongoing collaboration. Different applications require specific formulations and concentrations of licorice extract, allowing for customization and development of products that precisely meet the demands of the customers.
The retail sales segment is likely to expand quickly, particularly the online retail sub-segment, primarily due to the rising popularity of e-commerce, the convenience it offers, and the increasing demand for natural and functional ingredients. Consumers are increasingly turning to online platforms for easier access and a broader selection of products, particularly for niche items like licorice extract. Online retailers typically stock a more extensive range of licorice extract products, including various forms such as powder, liquid, capsules, and unique formulations to cater to diverse consumer needs, offering competitive pricing and personalized experiences by providing a convenient way to discover and purchase licorice extract for different health and beauty applications.
By Product Type
By Glycyrrhizin Content
By Application
By Grade
By Extraction Method
By Distribution Channel
By Region
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