Licorice Extract Wipes Market Size, Share, Trends, Demand and Forecast 2023-2028

Licorice Extract Market

Comprehensive Research Report on Global Licorice Extract Wipes Market Analysis, Growth Forecast 2023-2028

The most recent study conducted by MarkNtel Advisors delves into various aspects of the Global Licorice Extract Wipes market. It examines factors such as market size, share, growth rate, and prevailing market trends, both in the short term and the long term. This analysis aims to assess the market’s current and future potential. Furthermore, it equips industry participants and potential newcomers with a comprehensive understanding of the competitive landscape.

The Global Licorice Extract Market size is valued at around USD 2.12 billion in 2022 & is estimated to grow at a CAGR of about 5.2% during the forecast period, i.e., 2023-28.

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Market Driver:

Mounting Utilization of the Licorice Extract in the Cosmetic Industry & Its Numerous Benefits to Drive the Market –

Licorice extract has been used to treat various illnesses like inflammation, gastrointestinal issues, and respiratory problems. However, its integration into making cosmetic products is also witnessing a surge, thus driving the market. Across the globe, there is a high demand for advanced beauty & cosmetic products that are highly efficient, natural & safe, etc., owing to the rising consciousness among individuals about their looks & appearance. Also, as this extract act as an anti-inflammatory & skin-lightening substance, they are getting frequently deployed in a wide range of cosmetic items, thus supporting the Global Licorice Extract Market growth.

Exploring Leading Market Participants: Insights and Opportunities

This research diligently assesses the market’s potential and provides a comprehensive analysis of its prominent competitors. Furthermore, it furnishes valuable insights into the market positions of key players concerning aspects such as product pricing, cost structures, profitability, production capacity utilization, supply and demand dynamics, and industry growth rates. The report also encompasses specialized sections dedicated to SWOT analysis of novel projects, investment feasibility evaluations, and investment return analyses.

In order to enhance their product offerings within the industry, major market players employ strategic approaches such as mergers, acquisitions, innovation, and the introduction of new products to secure a significant share of the market. The following businesses receive an in-depth examination within the report:

  • Alfarid Corporation Limited
  • AOS Products Pvt. Ltd.
  • Avestia Pharma
  • E. Roeper GmbH
  • F&C Licorice Ltd.
  • Hyundai Bioland
  • Mafco Worldwide LLC
  • Maruzen Pharmaceuticals Co. Ltd.
  • Norevo GmbH
  • VPL Chemicals Pvt Ltd.
  • Beijing Gingko Group
  • Glycyrrhiza Glabra Co. Ltd.
  • Ransom Naturals Ltd.
  • Others

Market Segmentation Analysis: Identifying Licorice Extract Wipes Market Divisions and Growth Opportunities

Our industry analysts diligently examine the core market segments, namely providing a comprehensive breakdown of both these segments and their respective sub-segments. Within this report, industry experts thoroughly scrutinize the profit potential and growth prospects.

By Product Type

-Food Grade- Market Size & Forecast 2018-2028, USD Million

-Feed Grade- Market Size & Forecast 2018-2028, USD Million

-Pharmaceutical Grade- Market Size & Forecast 2018-2028, USD Million

By Form

-Powder- Market Size & Forecast 2018-2028, USD Million

-Liquid- Market Size & Forecast 2018-2028, USD Million

-Block- Market Size & Forecast 2018-2028, USD Million

By End Users

-Food & Beverages- Market Size & Forecast 2018-2028, USD Million

-Pharmaceutical- Market Size & Forecast 2018-2028, USD Million

-Tobacco- Market Size & Forecast 2018-2028, USD Million

-Others- Market Size & Forecast 2018-2028, USD Million

Geographically Covered

By Region

-North America

-South America


-The Middle East & Africa


Furthermore, this research segment presents sales and revenue forecasts for the years 2023-2028, employing various presentation styles to enhance user comprehension. It delves into the growth potential of each country and region, offering valuable insights to assist industry players in identifying lucrative opportunities for their forthcoming endeavors and investments.

Additionally, clients gain access to data pertaining to market size and demand specific to each region and country during the forecast period.

This Report Covers the Following Key Aspects:

  1. Market Research for Informed Decision-Making: Providing insights and information to facilitate well-informed decisions.
  2. Market Projections and Predictions: Offering forecasts and predictions for the years 2023 to 2028, aiding in long-term strategic planning.
  3. Expansion Opportunities and Trend Analysis: Identifying opportunities for growth and conducting a comprehensive analysis of market trends.
  4. Regional and Segment Revenue Forecasts: Providing forecasts of revenue at both regional and segment levels for in-depth market analysis.
  5. Market Share Analysis and Competition Strategy: Evaluating market share and formulating effective competition strategies.
  6. Detailed Insights on Outperforming Market Competition: Offering a thorough analysis of strategies to excel in a competitive market environment.
  7. Navigating Rapidly Changing Marketplaces: Providing guidance on thriving in dynamic and swiftly evolving markets.
  8. Versatile Report Access: Offering the report in various formats, including PDF, Excel, PowerPoint (PPT), and an online dashboard for convenient accessibility and usability.

About us –

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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