Industry: Chemical & Material
Published Date: 2026-04-18
Pages: 135 Pages
Report ld: 6486404
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Food Grade Licorice Extract Market Size(US$)

CAGR 2026-2032
2.1%
Market Size,2032
USD 464
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Food Grade Licorice Extract market was valued at US$ 402 million in 2025 and is anticipated to reach US$ 464 million by 2032, at a CAGR of 2.1% from 2026 to 2032.
The 2025 U.S. tariff policies introduce profound uncertainty into the global economic landscape. This report critically examines the implications of recent tariff adjustments and international strategic countermeasures on Food Grade Licorice Extract competitive dynamics, regional economic interdependencies, and supply chain reconfigurations.
licorice products are derived from the roots of the licorice or glycyrrhiza genus of plants. This plant is small shrub-like leguminous plant indigenous to the Middle East and Central Asia including the countries of Afghanistan, China, Pakistan, Iraq, Azerbaijan, Turkmenistan, Uzbekistan, Tajikistan, Kazakhstan and Turkey.
Food Additives Market size valued at USD 100 billion in 2022 and is projected to register 7% CAGR from 2023 to 2032. Increasing consumer inclination towards clean labeled products will have a positive impact on the industry size.
This report delivers a comprehensive overview of the global Food Grade Licorice Extract market, with both quantitative and qualitative analyses, to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current market, and make informed business decisions regarding Food Grade Licorice Extract. The Food Grade Licorice Extract market size, estimates, and forecasts are provided in terms of output/shipments (Tons) and revenue (US$ millions), with 2025 as the base year and historical and forecast data for 2021–2032.
The report segments the global Food Grade Licorice Extract market comprehensively. Regional market sizes by Type, by Application, , and by company are also provided. For deeper insight, the report profiles the competitive landscape, key competitors, and their respective market rankings, and discusses technological trends and new product developments.
This report will assist Food Grade Licorice Extract manufacturers, new entrants, and companies across the industry value chain with information on revenues, production, and average prices for the overall market and its sub-segments, by company, by Type, by Application, and by region.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Defines the scope of the report and presents an executive summary of market segments (by Type, by Application, , etc.), including the size of each segment and its future growth potential. It offers a high-level view of the current market and its likely evolution in the short, medium, and long term.
Chapter 2: Provides a detailed analysis of the competitive landscape for Food Grade Licorice Extract manufacturers, including prices, production, value-based market shares, latest development plans, and information on mergers and acquisitions.
Chapter 3: Examines Food Grade Licorice Extract production/output and value by region and country, providing a quantitative assessment of market size and growth potential for each region over the next six years.
Chapter 4: Analyzes Food Grade Licorice Extract consumption at the regional and country levels. It quantifies market size and growth potential for each region and its key countries, and outlines market development, outlook, addressable space, and national production.
Chapter 5: Analyzes market segments by Type, covering the size and growth potential of each segment to help readers identify “blue ocean” opportunities.
Chapter 6: Analyzes market segments by Application, covering the size and growth potential of each segment to help readers identify “blue ocean” opportunities in downstream markets.
Chapter 7: Profiles key players, detailing the fundamentals of major companies, including product production/output, value, price, gross margin, product portfolio/introductions, and recent developments.
Chapter 8: Reviews the industry value chain, including upstream and downstream segments.
Chapter 9: Discusses market dynamics and recent developments, including drivers, restraints, challenges and risks for manufacturers, U.S. Tariffs and relevant policy analysis.
Chapter 10: Summarizes the key findings and conclusions of the report.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Food Grade Licorice Extract Market Overview
1.1 Product Definition
1.2 Food Grade Licorice Extract by Type
1.2.1 Global Food Grade Licorice Extract Market Value Growth Rate Analysis by Type: 2025 vs 2032
1.2.2 Licorice Extract Powder
1.2.3 Licorice Extract Paste
1.2.4 Others
1.3 Food Grade Licorice Extract by Application
1.3.1 Global Food Grade Licorice Extract Market Value Growth Rate Analysis by Application: 2025 vs 2032
1.3.2 Confections
1.3.3 Chocolate
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Food Grade Licorice Extract Production Value Estimates and Forecasts (2021–2032)
1.4.2 Global Food Grade Licorice Extract Production Capacity Estimates and Forecasts (2021–2032)
1.4.3 Global Food Grade Licorice Extract Production Estimates and Forecasts (2021–2032)
1.4.4 Global Food Grade Licorice Extract Market Average Price Estimates and Forecasts (2021–2032)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Food Grade Licorice Extract Production Market Share by Manufacturers (2021–2026)
2.2 Global Food Grade Licorice Extract Production Value Market Share by Manufacturers (2021–2026)
2.3 Global Key Players of Food Grade Licorice Extract, Industry Ranking, 2024 vs 2025
2.4 Global Food Grade Licorice Extract Market Share by Company Tier (Tier 1, Tier 2, Tier 3)
2.5 Global Food Grade Licorice Extract Average Price by Manufacturers (2021–2026)
2.6 Global Key Manufacturers of Food Grade Licorice Extract, Manufacturing Footprints and Headquarters
2.7 Global Key Manufacturers of Food Grade Licorice Extract, Product Offerings and Applications
2.8 Global Key Manufacturers of Food Grade Licorice Extract, Date of Entry into the Industry
2.9 Food Grade Licorice Extract Market Competitive Situation and Trends
2.9.1 Food Grade Licorice Extract Market Concentration Rate
2.9.2 Top 5 and Top 10 Global Food Grade Licorice Extract Players Market Share by Revenue
2.10 Mergers & Acquisitions and Expansion
3 Food Grade Licorice Extract Production by Region
3.1 Global Food Grade Licorice Extract Production Value Estimates and Forecasts by Region: 2021 vs 2025 vs 2032
3.2 Global Food Grade Licorice Extract Production Value by Region (2021–2032)
3.2.1 Global Food Grade Licorice Extract Production Value by Region (2021–2026)
3.2.2 Global Forecasted Production Value of Food Grade Licorice Extract by Region (2027–2032)
3.3 Global Food Grade Licorice Extract Production Estimates and Forecasts by Region: 2021 vs 2025 vs 2032
3.4 Global Food Grade Licorice Extract Production Volume by Region (2021–2032)
3.4.1 Global Food Grade Licorice Extract Production by Region (2021–2026)
3.4.2 Global Forecasted Production of Food Grade Licorice Extract by Region (2027–2032)
3.5 Global Food Grade Licorice Extract Market Price Analysis by Region (2021–2032)
3.6 Global Food Grade Licorice Extract Production, Value, and Year-over-Year Growth
3.6.1 North America Food Grade Licorice Extract Production Value Estimates and Forecasts (2021–2032)
3.6.2 Europe Food Grade Licorice Extract Production Value Estimates and Forecasts (2021–2032)
3.6.3 China Food Grade Licorice Extract Production Value Estimates and Forecasts (2021–2032)
3.6.4 Japan Food Grade Licorice Extract Production Value Estimates and Forecasts (2021–2032)
4 Food Grade Licorice Extract Consumption by Region
4.1 Global Food Grade Licorice Extract Consumption Estimates and Forecasts by Region: 2021 vs 2025 vs 2032
4.2 Global Food Grade Licorice Extract Consumption by Region (2021–2032)
4.2.1 Global Food Grade Licorice Extract Consumption by Region (2021–2026)
4.2.2 Global Food Grade Licorice Extract Forecasted Consumption by Region (2027–2032)
4.3 North America
4.3.1 North America Food Grade Licorice Extract Consumption Growth Rate by Country: 2021 vs 2025 vs 2032
4.3.2 North America Food Grade Licorice Extract Consumption by Country (2021–2032)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Food Grade Licorice Extract Consumption Growth Rate by Country: 2021 vs 2025 vs 2032
4.4.2 Europe Food Grade Licorice Extract Consumption by Country (2021–2032)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Food Grade Licorice Extract Consumption Growth Rate by Region: 2021 vs 2025 vs 2032
4.5.2 Asia Pacific Food Grade Licorice Extract Consumption by Region (2021–2032)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Food Grade Licorice Extract Consumption Growth Rate by Country: 2021 vs 2025 vs 2032
4.6.2 Latin America, Middle East & Africa Food Grade Licorice Extract Consumption by Country (2021–2032)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Food Grade Licorice Extract Production by Type (2021–2032)
5.1.1 Global Food Grade Licorice Extract Production by Type (2021–2026)
5.1.2 Global Food Grade Licorice Extract Production by Type (2027–2032)
5.1.3 Global Food Grade Licorice Extract Production Market Share by Type (2021–2032)
5.2 Global Food Grade Licorice Extract Production Value by Type (2021–2032)
5.2.1 Global Food Grade Licorice Extract Production Value by Type (2021–2026)
5.2.2 Global Food Grade Licorice Extract Production Value by Type (2027–2032)
5.2.3 Global Food Grade Licorice Extract Production Value Market Share by Type (2021–2032)
5.3 Global Food Grade Licorice Extract Price by Type (2021–2032)
6 Segment by Application
6.1 Global Food Grade Licorice Extract Production by Application (2021–2032)
6.1.1 Global Food Grade Licorice Extract Production by Application (2021–2026)
6.1.2 Global Food Grade Licorice Extract Production by Application (2027–2032)
6.1.3 Global Food Grade Licorice Extract Production Market Share by Application (2021–2032)
6.2 Global Food Grade Licorice Extract Production Value by Application (2021–2032)
6.2.1 Global Food Grade Licorice Extract Production Value by Application (2021–2026)
6.2.2 Global Food Grade Licorice Extract Production Value by Application (2027–2032)
6.2.3 Global Food Grade Licorice Extract Production Value Market Share by Application (2021–2032)
6.3 Global Food Grade Licorice Extract Price by Application (2021–2032)
7 Key Companies Profiled
7.1 Magnasweet
7.1.1 Magnasweet Food Grade Licorice Extract Company Information
7.1.2 Magnasweet Food Grade Licorice Extract Product Portfolio
7.1.3 Magnasweet Food Grade Licorice Extract Production, Value, Price, and Gross Margin (2021–2026)
7.1.4 Magnasweet Main Business and Markets Served
7.1.5 Magnasweet Recent Developments/Updates
7.2 Zagros Licorice
7.2.1 Zagros Licorice Food Grade Licorice Extract Company Information
7.2.2 Zagros Licorice Food Grade Licorice Extract Product Portfolio
7.2.3 Zagros Licorice Food Grade Licorice Extract Production, Value, Price, and Gross Margin (2021–2026)
7.2.4 Zagros Licorice Main Business and Markets Served
7.2.5 Zagros Licorice Recent Developments/Updates
7.3 Sepidan Osareh
7.3.1 Sepidan Osareh Food Grade Licorice Extract Company Information
7.3.2 Sepidan Osareh Food Grade Licorice Extract Product Portfolio
7.3.3 Sepidan Osareh Food Grade Licorice Extract Production, Value, Price, and Gross Margin (2021–2026)
7.3.4 Sepidan Osareh Main Business and Markets Served
7.3.5 Sepidan Osareh Recent Developments/Updates
7.4 FandC Licorice
7.4.1 FandC Licorice Food Grade Licorice Extract Company Information
7.4.2 FandC Licorice Food Grade Licorice Extract Product Portfolio
7.4.3 FandC Licorice Food Grade Licorice Extract Production, Value, Price, and Gross Margin (2021–2026)
7.4.4 FandC Licorice Main Business and Markets Served
7.4.5 FandC Licorice Recent Developments/Updates
7.5 Norevo GmbH
7.5.1 Norevo GmbH Food Grade Licorice Extract Company Information
7.5.2 Norevo GmbH Food Grade Licorice Extract Product Portfolio
7.5.3 Norevo GmbH Food Grade Licorice Extract Production, Value, Price, and Gross Margin (2021–2026)
7.5.4 Norevo GmbH Main Business and Markets Served
7.5.5 Norevo GmbH Recent Developments/Updates
7.6 Avestia Pharma
7.6.1 Avestia Pharma Food Grade Licorice Extract Company Information
7.6.2 Avestia Pharma Food Grade Licorice Extract Product Portfolio
7.6.3 Avestia Pharma Food Grade Licorice Extract Production, Value, Price, and Gross Margin (2021–2026)
7.6.4 Avestia Pharma Main Business and Markets Served
7.6.5 Avestia Pharma Recent Developments/Updates
7.7 VPL Chemicals
7.7.1 VPL Chemicals Food Grade Licorice Extract Company Information
7.7.2 VPL Chemicals Food Grade Licorice Extract Product Portfolio
7.7.3 VPL Chemicals Food Grade Licorice Extract Production, Value, Price, and Gross Margin (2021–2026)
7.7.4 VPL Chemicals Main Business and Markets Served
7.7.5 VPL Chemicals Recent Developments/Updates
7.8 Zelang
7.8.1 Zelang Food Grade Licorice Extract Company Information
7.8.2 Zelang Food Grade Licorice Extract Product Portfolio
7.8.3 Zelang Food Grade Licorice Extract Production, Value, Price, and Gross Margin (2021–2026)
7.8.4 Zelang Main Business and Markets Served
7.8.5 Zelang Recent Developments/Updates
7.9 Changyue
7.9.1 Changyue Food Grade Licorice Extract Company Information
7.9.2 Changyue Food Grade Licorice Extract Product Portfolio
7.9.3 Changyue Food Grade Licorice Extract Production, Value, Price, and Gross Margin (2021–2026)
7.9.4 Changyue Main Business and Markets Served
7.9.5 Changyue Recent Developments/Updates
7.10 Bokai
7.10.1 Bokai Food Grade Licorice Extract Company Information
7.10.2 Bokai Food Grade Licorice Extract Product Portfolio
7.10.3 Bokai Food Grade Licorice Extract Production, Value, Price, and Gross Margin (2021–2026)
7.10.4 Bokai Main Business and Markets Served
7.10.5 Bokai Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Food Grade Licorice Extract Industry Chain Analysis
8.2 Food Grade Licorice Extract Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Food Grade Licorice Extract Production Modes and Processes
8.4 Food Grade Licorice Extract Sales and Marketing
8.4.1 Food Grade Licorice Extract Sales Channels
8.4.2 Food Grade Licorice Extract Distributors
8.5 Food Grade Licorice Extract Customer Analysis
9 Food Grade Licorice Extract Market Dynamics
9.1 Food Grade Licorice Extract Industry Trends
9.2 Food Grade Licorice Extract Market Drivers
9.3 Food Grade Licorice Extract Market Challenges
9.4 Food Grade Licorice Extract Market Restraints
9.5 Impact of U.S. Tariffs
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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The global market for Food Grade Licorice Extract was estimated to be worth US$ 402 million in 2025 and is projected to reach US$ 464 million, growing at a CAGR of 2.1% from 2026 to 2032.
Published: 2026-06-16
Pages: 133
The global Food Grade Licorice Extract market size was US$ 395 million in 2024 and is forecast to a readjusted size of US$ 456 million by 2031 with a CAGR of 2.1% during the forecast period 2025-2031.
Published: 2025-11-10
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The global Food Grade Licorice Extract market is projected to grow from US$ 395 million in 2024 to US$ 456 million by 2031, at a CAGR of 2.1% (2025-2031), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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