Licorice Extract Market Size Worth $2.8 Billion By 2029

Licorice Extract

According to a new study, the sales of licorice extract are expected to reach US$ - 1.9 Bn in 2019 and record a year to year growth of 4% during the forecast period of 2019 to 2029. Growth of the licorice extract market remains driven by a slew of factors, which range from rising demand for clean label products and changing regulations in the food and beverage industry, to increasing awareness among consumers. Licorice is an evergreen herb, and is predominantly cultivated in West Asia, Greece, and Turkey. It has been used as an aromatic agent since ancient times. Licorice was also used as an expectorant. Licorice includes the glycyrrhizine compound. The unpeeled dried roots and the subterranean stem (rhizome) are the medicinal components of the plant.

Who are the Leading Key Company in Global Ion Implantation Machine market ?

Following are list of players that are currently profiled in the report “Bioland, Alfarid Corporation, Norevo, Nutra Green, Xinjiang Alaer Xinong Licorice Industry, Sepidan Osareh, Aseh Yasooj, Saet Sweets, Taj Agro, Mafco”

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. The industry players are expected to target developing economies such as India, China, and Southeast Asian countries to tap robust opportunities resulting from rapid growth of Ion Implantation Machine sector.

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