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Licorice Extracts Market Size To Show Higher CAGR Globally Till 2025
by kksingha · February 15, 2019
Global Licorice Extract Market: Snapshot
Of late, the global licorice extracts market is witnessing a stable progress, thanks to the growing demand for pharmaceutical products, herbal
medicines Montae
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across the world. The increasing uptake of natural ingredients in medical
supplements, together with the rising inclination of consumers towards
sugar-free products, boosted by the upswing in the consumer consciousness
towards health and fitness, is fueling the demand for licorice extracts,
reflecting greatly on this market.
Currently, the market players are focusing aggressively on research and development activities to develop new products in order to satisfy the swelling
demand for sugar-free
products Jonathan
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has increased the concerns of consumers over the high intake of sugar. This, as
a result, is expected to benefit the sales of licorice extracts in the years to
come. Apart from this, the opportunities generated by the advent of herbal
medicines in developed regions are also projected to reflect greatly on the
market for licorice extracts, globally. The overall opportunity in this market,
which stood at US$1.70 bn in
2016 Ryan Kerrigan
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CAGR of 4.0% between 2017 and 2025.
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Asia Pacific to Continue Leading Global Licorice Extracts Market
Geographically, the worldwide market for licorice extracts has been categorized into the Middle East and Africa, Europe, North America, Latin
America Jordan Reed
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Pacific dominated the global market in 2016 with a share of more than 32%.
Analysts expect this regional market to retain its position over the forthcoming
years.
Europe, which held the second position in the global licorice extracts market in 2016, is likely to continue in the same position in the near future. The
increasing demand for low-calorie
foods Josh Norman
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lifestyle is expected to boost this regional market. The U.K., Germany, France,
Italy, and the Rest of Europe have been driving the Europe market for licorice
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increasing demand of natural ingredients into various medical supplements.
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