Liquiritin, extracted from licorice root, has become increasingly vital in therapeutic applications due to its antioxidant and anti-inflammatory properties. The compound's versatility makes it highly desirable across industries transitioning toward plant-based solutions. As pharmaceutical and cosmetic applications gain momentum, manufacturers and regulatory bodies are showing greater support for standardized botanical extracts like liquiritin.
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Market Overview & Regional Analysis
Asia-Pacific dominates the global liquiritin market with a 48% consumption share, driven by strong demand in China, Japan, and India where traditional medicine systems incorporate licorice extracts. The region benefits from established herbal medicine practices, growing middle-class consumption, and increasing interest in functional ingredients for both health and beauty applications.
North America's market growth is supported by advanced pharmaceutical research and clean-label trends in nutraceuticals. Europe maintains strict quality standards for botanical extracts through EFSA regulations, creating opportunities for premium-grade liquiritin. Emerging markets in Latin America and MENA show promise but face challenges in standardization and supply chain development.
Key Market Drivers and Opportunities
The market is propelled by the global shift toward natural therapeutics, rising demand in dermatological applications, and technological advancements in extraction methods. Pharmaceutical applications currently command 42% of global demand, followed by cosmetics at 30% and functional foods at 28%. Emerging opportunities lie in neuroprotective formulations and metabolic health products where liquiritin shows promising research results.
Significant potential exists in the development of standardized formulations for skin-brightening products, particularly in Asian markets where this application represents over 60% of premium skincare sales. The expanding nutraceutical sector also presents lucrative avenues for liquiritin-enriched supplements targeting liver health and glucose metabolism.
Challenges & Restraints
The liquiritin market faces constraints including raw material supply volatility, with recent climate impacts reducing licorice yields by 12-15% in key production regions. Stringent regulatory requirements for botanical extracts, particularly in Western markets, create barriers for smaller manufacturers. Meanwhile, price competition from synthetic alternatives remains an ongoing challenge, with cost differences reaching 40-50% in some applications.
Market Segmentation by Type
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Pharmaceutical Grade
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Food Grade
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Feed Grade
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Market Segmentation by Application
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Pharmaceutical Industry
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Food Industry
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Cosmetic Industry
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Others
Key Players
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Magnasweet
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ASEH
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Zagros Licorice
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Sepidan Osareh
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F&C Licorice
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Norevo GmbH
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Ransom Naturals
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Maruzen Pharmaceuticals
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Zelang
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Aushadhi Herbal
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Avestia Pharma
Report Scope
This report presents a comprehensive analysis of the global and regional markets for Liquiritin (CAS 551-15-5), covering the period from 2024 to 2032. It includes detailed insights into the current market status and outlook across various regions and countries, with specific focus on:
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Sales, sales volume, and revenue forecasts
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Detailed segmentation by type and application
In addition, the report offers in-depth profiles of key industry players, including:
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Company profiles
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Product specifications
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Production capacity and sales
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Revenue, pricing, gross margins
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Sales performance
It further examines the competitive landscape, highlighting the major vendors and identifying the critical factors expected to challenge market growth.
As part of this research, we surveyed Liquiritin manufacturers and industry experts. The survey covered various aspects, including:
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Revenue and demand trends
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Product types and recent developments
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Strategic plans and market drivers
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Industry challenges, obstacles, and potential risks
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About 24chemicalresearch
Founded in 2015, 24chemicalresearch has rapidly established itself as a leader in chemical market intelligence, serving clients including over 30 Fortune 500 companies. We provide data-driven insights through rigorous research methodologies, addressing key industry factors such as government policy, emerging technologies, and competitive landscapes.
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Plant-level capacity tracking
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Real-time price monitoring
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Techno-economic feasibility studies
With a dedicated team of researchers possessing over a decade of experience, we focus on delivering actionable, timely, and high-quality reports to help clients achieve their strategic goals. Our mission is to be the most trusted resource for market insights in the chemical and materials industries.
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