Scope of the Study
Licorice, a perennial herb that people have used for thousands of years to treat a variety of ailments. Licorice root is used to soothe gastrointestinal problems. In cases of food poisoning, stomach ulcers, and heartburn, licorice root extract can speed the repair of stomach lining and restore balance. Many species are now grown throughout Europe, Asia, and the Middle East.
The market study is being classified by Type (Roots and Extracts), by Application (Food & Beverage Industry, Tobacco Industry, Pharmaceutical Industry, Cosmetic Industry and Dietary Supplements) and major geographies with country level break-up.
Norevo GmbH (Germany), Mafco Worldwide (Turkey), F&C Licorice Ltd. (Israel), Zagros Licorice (Iran), Sepidan Osareh Co. (Iran), VPL Chemicals Pvt Ltd. (India), ASEH YASOOJ CO. (Iran), Nanjing Zelang Medical Technology co,.Ltd (China) and MARUZEN PHARMACEUTICALS CO., LTD. (Japan) are some of the key players profiled in the study.
Research Analyst at AMA predicts that Iran Vendors will contribute to the maximum growth of Global Licorice Root market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Licorice Root market by Type, Application and Region.
On the basis of geography, the market of Licorice Root has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Iran, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Stomach Ulcers, Heartburn, Colic and Other Diseases
- Highly Used in Dermatological Treatment due to its Antibacterial Properties
- As per Study Licorice Root can Potentially Aid the Treatment of Breast and Prostate Cancers.
- Limited Availability of Licorice Root
- Availability of Substitutes
- Increasing Demand from Pharmaceutical and Cosmetic Industry
- The Growth in the Usage of Licorice Root as a Sweetener in Candies and Beverages.
- Some Side Effects of Licorice Root
Chinese practices also incorporate it into cancer treatment. The FDA has yet to approve such treatment methods in the United States. But, research is ongoing, according to the American Cancer Society.
Analyst Comment"There are significant opportunities for new suppliers of liquorice in Europe, because of growing scarcity in supplies. The market for liquorice roots is relatively easy to enter and can add more value by extraction."
Key Target AudienceLicorice Root Producers, Distributors/Suppliers, End Users and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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