Latest News- Liquorice Market: Food grade is expected to lead the Grade Type segment during 2025-2029

The Liquorice Market is being driven by Growing demand for food and beverages with herbal ingredients

The Liquorice Market is expected to grow at a CAGR of 6.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 763.5 million. The global liquorice market has witnessed significant growth in the demand for herbal liquorice products due to their immunity-boosting properties. The enzymes found in liquorice plant roots, such as glycyrrhizin, stimulate the production of lymphocytes and macrophages, which are crucial for the body's natural defense against harmful microbes, pollutants, and allergens. In developed markets like the US, Canada, and the UK, the consumption of herbal supplements is on the rise due to increasing health consciousness. The growing prevalence of obesity and inflammatory health conditions in these regions is driving consumers towards functional foods and beverages that offer immunity benefits. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Grade Type
  • Food grade
  • Feed grade
  • Pharmaceutical grade
• Application
  • Food and beverages
  • Pharmaceuticals
  • Tobacco
  • Others
• Product Type
  • Fruit flavored licorice
  • Original black licorice
• Distribution Channel
  • Supermarkets
  • Online sales
  • Convenience stores
• End-user
  • Individual consumers
  • Industrial users
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • North America
    • Canada
    • Mexico
    • US
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand for food and beverages with herbal ingredients
• Growing adoption of herbal medicine
• Rising demand for cigars and smoking tobacco products

However, the market also witnesses some limitations, which are as follows:

• Providing high-quality herbal products
• High price of products
• Inherent challenges in liquorice usage

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Market Scope in Liquorice Market Research Report

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Research Analysis Overview

The liquorice market encompasses various aspects of glycyrrhizic acid extraction from liquorice root. This includes cultivation, harvesting, processing, and standardization techniques. Quality control measures address adulteration and ensure consumer safety through regulations and labeling requirements. Health concerns and dosage recommendations are important considerations, as are side effects and flavor profiles. Product differentiation, positioning, and consumer insights drive market segmentation and the identification of niche markets. Premiumization, sustainability initiatives, traceability, e-commerce, influencer marketing, and advertising are key strategies for brand loyalty in the liquorice industry.

Market Research Overview

The global packaged foods and meats market encompasses businesses engaged in food processing to ensure food safety and increase product longevity. According to Technavio, the market's size is determined by the consolidated revenue of the participating vendors. This market scope excludes equipment manufacturers and producers of packaged beverages, including alcoholic and non-alcoholic varieties. Factors fueling the market expansion include the health benefits linked to the consumption of minimally processed foods, such as liquorice extract, liquorice root, and liquorice confectionery, which are rich sources of essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/