FMI Licorice Extract Market Revenue, Opportunity, Fore | Page 6

Licorice Extract Market
Increasing demand for plant based natural ingredient especially in developed economies of Europe and
North America is expected support market growth over the forecast period. In addition, increasing usage
of licorice extract in pharmaceutical industry for manufacturing of herbal medicine and preventing from
cancer treatment is further expected to fuel the market growth over the forecast period. However,
continuous rise in price of licorice due to raw material shortage may restrain the market growth in the
near future.
Key Players
Some of the key players operating in licorice extract market includes MAFCO Worldwide LLC, Norevo
GmbH, F&C Licorice, Ransom Naturals, Zagros Licorice, Aushadhi Herba, Sepidan Osareh and VPL
Chemicals among others.
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