Global Licorice Root Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

• Health and Wellness Boom: There has been an increased consumer preference for natural and herbal products, driven by a growing awareness of health and wellness. Licorice root, known for its medicinal properties, has gained popularity in dietary supplements and functional foods aimed at promoting digestive health, respiratory support, and overall well-being. Manufacturers are innovating with new formulations and product combinations to cater to these health-conscious consumers.

• Expansion in Cosmetic Applications: Licorice root extracts continue to be a sought-after ingredient in the cosmetic industry due to their skin-soothing and brightening properties. Recent developments include the introduction of licorice-based skincare products targeting hyperpigmentation, inflammation, and uneven skin tone. Cosmetic companies are leveraging the natural benefits of licorice to develop effective solutions for sensitive and problematic skin, driving growth in this segment.

The Global Licorice Root Market has been segmented by Product Type, Function Type, Grade Type, Raw Material Type, Ingredient Type, Product Form, End-Use Industry, and Geography, reflecting the diverse applications and growing demand for licorice root and its derivatives across industries.

By Product Type, the market includes Licorice Extract, Licorice Powder, and Licorice Blocks/Sticks. Licorice Extract dominates due to its widespread use in the pharmaceutical and confectionery industries, offering benefits such as flavor enhancement and medicinal properties. Licorice Powder is gaining traction in dietary supplements and cosmetics, while Licorice Blocks/Sticks are favored in traditional medicine and herbal applications.

By Function Type, the segmentation includes Flavoring Agent, Sweetener, Pharmaceutical Ingredient, and Others. As a flavoring agent, licorice root is extensively used in candies, beverages, and tobacco. Its role as a pharmaceutical ingredient is crucial, particularly in formulations for gastrointestinal, respiratory, and dermatological conditions. The rising demand for natural sweeteners also boosts its adoption in the food and beverage industry.

By Product Form, the market covers Liquid, Powder, and Solid forms. Liquid licorice is widely used in flavoring syrups and beverages, while powder form caters to dietary supplements, cosmetics, and functional foods. The solid form, such as blocks and sticks, retains its significance in traditional and herbal medicine markets.

By End-Use Industry, licorice root serves sectors like Pharmaceuticals, Food and Beverages, Cosmetics and Personal Care, and Tobacco. The pharmaceutical industry leads, driven by licorice’s therapeutic properties, including anti-inflammatory, antioxidant, and antimicrobial benefits. The food and beverages sector extensively uses it for flavoring and as a natural sweetener. In cosmetics and personal care, licorice is valued for its skin-brightening and soothing properties, while the tobacco industry uses it as a flavor enhancer.

Geographically, the market spans North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Asia-Pacific dominates due to high licorice cultivation and its traditional use in herbal medicine, particularly in countries like China and India. Europe and North America are significant markets owing to increasing demand for natural and organic products across industries. Emerging regions like Latin America and Middle East & Africa also contribute to market growth with expanding awareness and applications.

This segmentation highlights the versatility of licorice root across multiple industries, emphasizing its role in meeting diverse consumer and industrial demands globally.

Global Licorice Root Segment Analysis

In this report, the Global Licorice Root Market has been segmented by Product Type, Function Type, Grade Type, Raw Material Type, Ingredient Type, Product Form, End-Use Industry and Geography.

Global Licorice Root Market, Segmentation by Product Type

The Global Licorice Root Market has been segmented by Product Type into Essential Oils, Liquid Malt Extract, Oleoresins, Herbs and Spices Dry Malt Extract, and Malt Flour.

Essential Oils derived from licorice root are in demand for their aromatic and therapeutic properties, commonly used in aromatherapy, personal care, and pharmaceuticals. Their natural composition makes them increasingly popular in formulations aimed at relaxation and wellness. Meanwhile, Liquid Malt Extract serves as a valuable flavoring and sweetening agent, particularly in the food and beverage industry, where it enhances the taste profiles of candies, syrups, and baked goods.

Oleoresins extracted from licorice root find significant usage in both food and non-food industries, offering concentrated flavors and functional benefits. Herbs and Spices Dry Malt Extract is a critical ingredient in culinary applications, blending licorice’s distinct taste with other spices for seasoning and flavoring. Malt Flour, enriched with licorice extracts, is gaining attention in specialty baking and nutritional products, providing a unique flavor and potential health benefits.

This segmentation highlights the diverse utility of licorice root products, underscoring their growing adoption across food, beverage, pharmaceutical, and wellness sectors globally.

Global Licorice Root Market, Segmentation by Function Type

The Global Licorice Root Market has been segmented by Function Type into Performance Enhancers and Palatability Enhancers.

As Performance Enhancers, licorice root is widely used in pharmaceutical and cosmetic formulations due to its therapeutic properties, including anti-inflammatory, antioxidant, and antimicrobial effects. It supports skin health in personal care products and improves the efficacy of medicinal preparations for respiratory, gastrointestinal, and immune-related conditions. This functional application has driven its adoption in wellness products and dietary supplements aimed at boosting health and vitality.

Licorice root also acts as a Palatability Enhancer, particularly in the food and beverage sector, where its natural sweetness and unique flavor are leveraged to improve the taste of candies, syrups, teas, and other consumables. Its ability to mask bitterness and enhance flavor profiles makes it a key ingredient in herbal teas and certain pharmaceutical formulations, contributing to higher consumer acceptance and compliance.

This segmentation highlights the versatility of licorice root in providing both functional benefits and sensory appeal, making it an indispensable component across multiple industries including pharmaceuticals, cosmetics, food, and beverages.

Global Licorice Root Market, Segmentation by Grade Type

The Global Licorice Root Market has been segmented by Grade Type into Standard Malt, Caramelized Malt, and Roasted Malt.

Standard Malt is commonly used in traditional food and beverage products due to its balanced flavor profile and functional properties. It serves as a key ingredient in confectionery, syrups, and alcoholic beverages, where it provides a mild licorice flavor without overwhelming the taste. This grade is preferred for mass-market products where cost efficiency and consistent flavor are important.

Caramelized Malt, known for its rich and sweet flavor, is often used in premium food and beverage products. Its distinct caramel notes are sought after in specialty teas, chocolates, and baked goods, where it contributes to complex flavor profiles and enhances the overall sensory experience. This type of malt is also used in certain cosmetic formulations for its deep color and aroma.

Roasted Malt is typically favored in applications that require a stronger, more intense flavor, such as in some alcoholic beverages and gourmet confectionery. The roasting process imparts a bold and slightly bitter taste, making it ideal for use in products where a pronounced licorice flavor is desired. Roasted malt is also used in some niche pharmaceutical products where stronger medicinal properties are needed.

This segmentation underscores the importance of different licorice root malt grades in meeting specific flavor and functional requirements across food, beverage, and pharmaceutical sectors.

Global Licorice Root Market, Segmentation by Raw Material Type

The Global Licorice Root Market has been segmented by Raw Material Type into Maize, Barley, Wheat, Rice, Rye, and Oat.

Maize is commonly used as a raw material in the licorice root market due to its availability and cost-effectiveness. It serves as a versatile base in the production of licorice extracts, especially in food and beverage applications. Barley, known for its mild flavor and functional benefits, is also used in the preparation of malt extracts, offering a smooth and slightly sweet profile ideal for brewing and confectionery products.

Wheat, Rice, Rye, and Oat contribute to licorice root products as alternative raw materials in specific regional markets. Wheat and Rye are valued for their higher starch content, making them ideal for producing malt products and extracts with enhanced viscosity. Rice and Oat, being gluten-free, are used in specialized products for consumers with dietary restrictions, particularly in gluten-free licorice formulations or other health-conscious products.

This segmentation illustrates how different raw materials influence the production, flavor, and functionality of licorice root products, catering to various consumer preferences and industry needs across food, beverage, and pharmaceutical markets.

Global Licorice Root Market, Segmentation by Ingredient Type

The Global Licorice Root Market has been segmented by Ingredient Type into Lipids, Protein, Polysaccharide, and Others.

Lipids derived from licorice root play a significant role in cosmetic formulations due to their moisturizing and emollient properties. They are also used in the production of functional foods and dietary supplements where their health benefits, such as anti-inflammatory and antioxidant effects, are leveraged. Protein content in licorice root is beneficial for various nutritional supplements and is also being explored for use in skin care products for its potential regenerative properties.

Polysaccharides are one of the most valuable ingredients in licorice root, known for their immunomodulatory, anti-inflammatory, and antioxidant properties. They are commonly used in pharmaceutical products, including those aimed at boosting immune health and treating digestive disorders. Additionally, polysaccharides are a key component in food products, particularly in gluten-free and vegan formulations, due to their gelling and thickening properties.

Others encompass a range of secondary metabolites and compounds found in licorice root that have specialized uses across various industries, such as saponins, flavonoids, and glycyrrhizin. These components contribute to licorice root’s distinct taste and medicinal properties, making them valuable in traditional and modern medicine as well as in natural health products.

This segmentation highlights the varied and essential role of different ingredient types in the licorice root market, demonstrating its broad application across pharmaceuticals, cosmetics, food, and dietary supplements.

Global Licorice Root Market, Segmentation by Product Form

The Global Licorice Root Market has been segmented by Product Form into Roots and Extracts(Powder, Blocks and Paste).

Roots: Licorice roots are harvested and processed into different forms such as whole roots, slices, or sticks. These forms retain the natural properties of licorice and are commonly used in traditional medicine preparations, herbal teas, and dietary supplements. Roots are favored for their authenticity and are often preferred in regions where traditional medicinal practices are prevalent. The demand for licorice roots in its natural form is driven by consumers seeking natural and organic products.

Extracts (Powder, Blocks, and Paste): Licorice extracts are derived from licorice roots through various extraction methods, resulting in concentrated forms such as powders, blocks, and pastes. These extracts contain higher concentrations of bioactive compounds, including glycyrrhizin, which imparts the characteristic sweet flavor and medicinal properties to licorice. Powdered extracts are widely used in the pharmaceutical industry for formulating medicines and herbal supplements targeting respiratory, digestive, and skin ailments. Blocks and pastes find applications in confectionery, where licorice flavor is desired in candies and sweets.

Global Licorice Root Market, Segmentation by End-Use Industry

The Global Licorice Root Market has been segmented by End-Use Industry into Food & Beverage Industry, Tobacco Industry, Healthcare & Pharmaceutical Industry and Cosmetic Industry.

Food & Beverage Industry: In the food sector, licorice is utilized as a flavoring agent in candies, beverages, and culinary products. Its distinctive sweet and slightly bitter taste enhances the flavor profile of confectionery items like licorice candies, chewing gums, and desserts. Licorice extracts are also used in beverages such as herbal teas and alcoholic drinks, adding both flavor and potential health benefits.

Tobacco Industry: Licorice extracts are commonly employed in the tobacco industry for flavoring and aroma enhancement in cigarettes, cigars, and other tobacco products. Licorice contributes to the unique taste profile sought after by certain consumer segments within the tobacco market.

Healthcare & Pharmaceutical Industry: The pharmaceutical sector utilizes licorice root extracts extensively for their medicinal properties. Glycyrrhizin, found in licorice, exhibits anti-inflammatory, antiviral, and antioxidant properties, making it valuable in formulations for treating respiratory conditions (like cough and sore throat), gastrointestinal disorders (such as ulcers and indigestion), and skin ailments (including eczema and psoriasis). Licorice is also studied for its potential applications in cancer treatment and diabetes management.

Cosmetic Industry: In cosmetics, licorice extracts are prized for their skin-soothing and brightening effects. They are incorporated into skincare products targeting hyperpigmentation, inflammation, and uneven skin tone. Licorice extracts help in reducing redness and irritation, making them popular ingredients in creams, lotions, serums, and masks designed for sensitive or problematic skin types.

Global Licorice Root Market, Segmentation by Geography

In this report, the Global Licorice Root Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Licorice Root Market Share (%), by Geographical Region, 2024

North America and Europe traditionally have significant consumption due to established markets in pharmaceuticals, cosmetics, and food industries. These regions value licorice for both its flavoring properties and medicinal benefits, driving consistent demand.

Asia-Pacific, particularly countries like China, India, and Japan, is a major producer and consumer of licorice root. The region's rich herbal medicine traditions contribute to substantial domestic consumption in pharmaceutical applications. Additionally, licorice is widely used in traditional Asian cuisines and herbal preparations, further boosting regional demand.

Latin America and Middle East & Africa show emerging trends in licorice root consumption, driven by increasing awareness of herbal remedies and expanding applications in food, beverage, and cosmetics industries. These regions are witnessing growing investments in agricultural practices to meet local and international demand for licorice products.

Overall, the global licorice root market's regional distribution reflects a balance between mature markets with steady consumption and emerging markets experiencing rapid growth. This geographical diversity underscores licorice root's versatility and its role as a valuable ingredient across various cultural and industrial contexts worldwide.

This report provides an in depth analysis of various factors that impact the dynamics of Global Licorice Root Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Drivers:

• Medicinal Properties Demand
• Growing Herbal Supplements
• Increasing Awareness Globally
• Pharmaceutical Applications Increase

• Natural Ingredient Popularity - The rising popularity of natural ingredients in consumer products has significantly influenced the global licorice root market. Consumers are increasingly seeking products that are perceived as natural, safe, and sustainable, driven by growing health and environmental awareness. Licorice root, with its long-established reputation as a natural remedy in traditional medicine systems worldwide, perfectly aligns with these consumer preferences.

  In the pharmaceutical industry, there is a notable shift towards herbal medicines and natural supplements due to their perceived efficacy and lower incidence of adverse effects compared to synthetic alternatives. Licorice root's medicinal properties, particularly its anti-inflammatory and antimicrobial benefits attributed to glycyrrhizin, have positioned it favorably in the treatment of respiratory disorders, digestive ailments, and skin conditions. This has fueled its demand among health-conscious consumers seeking natural remedies.

  Moreover, in the cosmetics sector, licorice extract has gained prominence for its skin-soothing properties and ability to even out skin tone. As consumers prioritize skincare products that are gentle yet effective, the incorporation of licorice root extract in formulations aimed at addressing hyperpigmentation and inflammation has become increasingly prevalent.

Restraints:

• Regulatory Challenges Worldwide
• Environmental Concerns Impact
• Price Volatility Issues
• Supply Chain Disruptions

• Overharvesting Risks Exist - Overharvesting poses a significant risk to the sustainability of the global licorice root market. As demand for licorice root increases, especially for its use in pharmaceuticals, cosmetics, and food products, there is mounting pressure on natural licorice populations in the wild. The Glycyrrhiza glabra plant, from which licorice root is derived, requires several years to reach maturity, and its wild populations are vulnerable to overexploitation.

  The environmental impact of overharvesting extends beyond depletion of licorice root populations. It can disrupt fragile ecosystems where these plants grow, affecting biodiversity and soil quality. Moreover, unsustainable harvesting practices may lead to soil erosion and degradation, further exacerbating environmental concerns.

  From a socio-economic standpoint, overharvesting threatens the livelihoods of communities dependent on licorice root cultivation. In regions where licorice root is harvested from the wild or cultivated as a cash crop, unsustainable practices can lead to economic instability and loss of income for local farmers.

Opportunities:

• Functional Food Innovations
• Emerging Markets Expansion
• Technological Advancements Support
• Sustainable Sourcing Initiatives

• Partnership Opportunities - Partnership opportunities present significant growth prospects in the global licorice root market, fostering collaboration among industry players to capitalize on emerging trends and expand market reach. Strategic partnerships can encompass various aspects of the licorice root supply chain, from cultivation and extraction to product development and distribution.

  Collaborations between licorice root growers and pharmaceutical companies, for instance, can facilitate the development of new medicinal formulations and enhance the efficacy of existing treatments. By leveraging the expertise of both parties, such partnerships can accelerate innovation in pharmaceutical applications of licorice root, addressing diverse health conditions and expanding market opportunities.

  In the cosmetics industry, partnerships between skincare brands and licorice root suppliers enable the development of advanced formulations that cater to specific skin concerns, such as hyperpigmentation and inflammation. These collaborations often involve research collaborations and joint marketing efforts to promote the benefits of licorice extract-based products to consumers worldwide.

Key players in Global Licorice Root Market include:

• Norevo
• Mafco Worldwide
• F&C Licorice
• Zagros Licorice
• Sepidan Osareh
• VPL Chemicals
• ASEH Licorice
• Zelang, Maruzen Pharmaceuticals

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis