Reports and Data’s latest market research report offers a detailed account of the global Licorice Extract Powder Market and its major segments, with key insights into the latest market trends and developments, market size, and market share. The report is a paradigmatic representation of the Licorice Extract industry and focuses on the key dynamic factors influencing its growth. According to the report, the global Licorice Extract industry is expected to register robust growth in revenue during the forecast period, owing to many favorable factors. Steady growth of the market is attributed to escalating demand for new products services offered by the industry players. The report zeroes in on various important aspects of the Licorice Extract Powder Market, such as emerging growth trends opportunities, technological advancements and innovations, potential restraints challenges, supply chain volatility, and the highly competitive scenario.
Going forward, the authors of the report offer accurate market projections based on primary and secondary research, in-depth market surveys, and expert interviews. They further discuss the severe impact of the COVID-19 outbreak on the Licorice Extract business sphere. The coronavirus pandemic has led to unprecedented changes in the global Licorice Extract Powder Market, significantly disrupting the global demand and supply chains. Hence, the report offers full coverage of the current market situation and predicts the repercussions of the pandemic on this market.
Major Factors Driving Growth Of The Global Licorice Extract Powder Market:
The increase in the use of licorice roots in various goods, increase in use of sweeteners in food products, and rise in demand for organic products have all contributed to expansion of licorice extracts market over projection period. Furthermore, increased use of licorice extracts in products such as desserts due to medicinal properties of licorice, use of licorice extracts rather than other conventional extracts in food and beverage products, and increased awareness of benefits of licorice extracts are some other factors expected to drive licorice extracts market forward.
Increased consumer awareness of health benefits led to an increase in demand for licorice extracts, positively boosting market growth. Furthermore, worldwide Licorice Extract Powder Market has benefited from an increase in demand for clean labels, organic, and natural products.
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Key Points Covered in the Global Licorice Extract Powder Market Report:
- Industry Overview
- Research Methodology
- List of Tables and Figures
- Market Dynamics
- Regional Outlook
- Competitive Landscape
- Latest Strategic Developments
- Market Segmentation
Licorice Extract Powder Market Outlook:
The global food beverage industry is projected to witness massive growth in revenue in the coming years, mainly owing to growing demand for processed packaged foods, organic foods, frozen foods, and functional food beverage products. Rapidly growing worldwide population, rise in agricultural activities, and increasing imports exports of food beverages are other major factors contributing to this industry’s growth. Changing tastes preferences of consumers, increased spending on food, growing trend of online food delivery, and rising per capita income are driving industry revenue growth to a significant extent. The industry growth is further driven by increasing consumption of organic food ingredients additives, growing demand for health foods, especially among fitness-oriented consumers, and introduction of eco-friendly food packaging solutions.
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Competitive Landscape:
Leading players in the global Licorice Extract Powder Market are keen on expanding their product portfolios and eventually strengthening their market positions. These companies are profiled in the report on the basis of their product spectrum, global presence, annual revenue, and consumer base. The industry players are apparently focused on new product launches, partnerships collaborations, mergers acquisitions, and other business growth strategies. Top companies operating in the global Licorice Extract Powder Market are Mafco Worldwide LLC, Maruzen Pharmaceuticals Co., Ltd, Norevo GmbH, Shaanxi Fujie Pharmaceutical Co, Ltd, C.E. Roeper GmbH, Glycyrrhiza Glabra Co., Ltd, Zagros Licorice Co, Zelang Group Others.
Key Regional Markets:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Spain, BENELUX, Rest of Europe)
- Asia Pacific (Japan, India, China, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Global Licorice Extract Powder Market Segmentation:
Product Type Outlook
- Food Grade
- Feed Grade
- Pharmaceutical Grade
Application Outlook
- Food Beverages
- Tobacco Products
- Cosmetics Personal Care
- Pharmaceutical
- Others
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