"Licorice Extracts Market

The growing demand for herbal and natural remedies and the food and beverage industry's expansion increase the demand for liquorice extracts. Its usage has recognized licorice therapeutic benefits in traditional Chinese medicine, documented for over 3000 years. In the last few years, there has been increased interest in licorice as a treatment for lung infections, stomach ulcers, and skin disorders. As a result, liquorice extracts potentially benefit general health, and herbal and natural medications are growing in popularity in the upcoming years.

Data Bridge Market Research analyses that the liquorice extracts market is expected to reach USD 4.30 billion by 2030, which was USD 2.37 billion in 2022, registering a CAGR of 4.30% from 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.     

Get the PDF Sample Copy (Including FULL TOC, Graphs and Tables) of this report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-licorice-extracts-market

Liquorice Extracts Market Scope and Segmentation

Visit full Study Report @ https://www.databridgemarketresearch.com/reports/global-licorice-extracts-market

Global Liquorice Extracts Market Dynamics

Drivers

• Rising health consciousness among consumers

With the increasing awareness among consumers regarding the harmful effects of synthetic and chemical ingredients, people are now more inclined towards using organic and natural products. This is one of the major factors expected to drive the growth of the liquorice extract market because it is a natural ingredient with an extensive range of health benefits. Hence, increasing health consciousness among consumers is likely to propel market growth.

• Increasing demand for liquorice extracts from the food and beverage industry

Liquorice extracts powder is widely used as a flavoring agent in the food and beverage industry owing to its sweet taste. Furthermore, it has various health benefits, such as treating lung, liver, circulatory, and kidney diseases, attracting manufacturers' attention toward its usage in various food and beverage products. Thus, the growing demand for liquorice extracts from the food and beverage industry will likely boost market growth.

Opportunities

• Growth and expansion of the cosmetics industry

The cosmetics industry is growing at a rapid pace globally, and this trend is anticipated to continue in the upcoming years. The demand for liquorice extract from the cosmetics industry is compelled by its ability to reduce pigmentation and lighten skin tone. Furthermore, it has skin-soothing and anti-inflammatory properties, making it a perfect ingredient for numerous cosmetic products. Therefore, the growth and expansion of the cosmetics industry will create lucrative opportunities for market growth.

• Increasing awareness among consumers regarding the beneficial properties of liquorice extract

Increasing consumer awareness regarding the beneficial properties of liquorice extract will likely create ample opportunities for market growth. Liquorice extract has various health benefits, including stress reduction, because it produces adrenaline and releases cortisol. Furthermore, it also helps in regular stomach cleaning by efficiently treating various gastrointestinal issues such as stomach ulcers, food poisoning, and heartburn, among others. As a result, these factors are anticipated to boost market growth throughout the forecast period.

Complete Report Details with Facts and Figures along respective Images and Graphs (TOC) https://www.databridgemarketresearch.com/toc/?dbmr=global-licorice-extracts-market

Browse other related reports:

https://www.databridgemarketresearch.com/reports/global-caffeine-substitute-market

https://www.databridgemarketresearch.com/reports/global-vegan-waxes-market

https://www.databridgemarketresearch.com/reports/global-fruit-and-vegetable-powders-market

https://www.databridgemarketresearch.com/reports/global-garden-and-lawn-tools-market

https://www.databridgemarketresearch.com/reports/global-monk-fruit-sweetener-market

https://www.databridgemarketresearch.com/reports/global-bread-maker-market

https://www.databridgemarketresearch.com/reports/global-interactive-packaging-market

https://www.databridgemarketresearch.com/reports/global-vitamin-e-for-food-application-market

https://www.databridgemarketresearch.com/reports/global-organic-quinoa-market

https://www.databridgemarketresearch.com/reports/global-curry-powder-market

https://www.databridgemarketresearch.com/reports/global-cbd-infused-snacks-market

https://www.databridgemarketresearch.com/reports/global-reduced-salt-packaged-food-market

https://www.databridgemarketresearch.com/reports/global-low-calorie-food-market

https://www.databridgemarketresearch.com/reports/global-pumpkin-seeds-market

Why You Should Do Data Bridge Market Research

An absolute way to predict the future is to understand today's trends!

Data Bridge has established itself as an unconventional, emerging market research and consulting firm with unparalleled flexibility and an integrated approach. We are determined to uncover the best market opportunities and foster efficient intelligence to help your business thrive in the marketplace. Data Bridge is committed to providing the right solutions to complex business challenges and kick-starting the decision-making process with ease.

We consider disparate markets based on our clients' needs and derive the best solutions and detailed information on market trends. Data Bridge surveys markets across Asia, North America, South America and Africa.

Data Bridge is good at creating satisfied customers who think of our services and rely on our efforts with confidence. We are satisfied with our glorious 99.9% customer satisfaction rate.

Contact Us:

Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email: Corporatsesales@databridgemarketresearch.com