![]() ![]() The Licorice Extract Powder market is dominated by globally established players such as Norevo GmbH (Germany), F&C Licorice Ltd. In order to increase the sweetness of various foods, it is also used as a sweetener. Many different types of food and beverages employ licorice extract as a flavor.These advantages increase the need for licorice extracts in a variety of applications. Due to licorice extracts' advantages for the pharmaceutical industry, OTC drugs, cough syrups, and lozenges frequently contain them. Numerous research conducted globally along similar lines has focused on the health advantages of licorice root and extracts.As a result, the market is expanded by the increased use of licorice extracts in the cosmetics business. Licorice extract-containing goods are now easily available in gel, serum, and cream forms at retail establishments. Licorice extracts also assist in skin lightening because they include glabridin, which inhibits tyrosinase, the enzyme that causes pigmentation from sun exposure.As a result, both the food and beverage business and the cosmetics industry have a lot to gain from the organic licorice extract market. Concerns about the negative effects of synthetic materials and the rise of allergies in food and cosmetics goods have led to a trend toward products comprised of natural, organic components. ![]() Request Sample Report of Licorice Extract Powder Īmidst Exponential Growth in Licorice Extract Powder Adoption, What Trends Should We Look Forward to? ![]() The current pandemic has also forced retail establishments to close for safety reasons, and export and import have impacted the logistical network, which could further impede the growth of the market for licorice extracts in the near future. However, the distribution channels have been further influenced by the COVID pandemic's lack of raw materials, excess consumption, and transportation, which is expected to limit the market expansion for licorice extracts further. The licorice extract business has expanded as people become more aware of the supposed health benefits of licorice extract. Other factors that are anticipated to further fuel the growth of the licorice extracts market include the rise in the use of licorice extracts in products like desserts due to the medicinal properties licorice offers, the use of licorice extracts rather than other conventional extracts in food and beverage products, and the increased awareness of the benefits of licorice extracts.ĭue to the rising demand for organic products, the licorice extract market is predicted to expand over the course of the forecast period. The rise in the use of licorice roots in various goods, the increase in the use of sweeteners in food products, and the rise in demand for organic products are the main factors anticipated to propel the growth of the licorice extracts market during the forecast period. Please call or visit the store for more information.The Global Licorice Extract Powder Market is valued at USD 1.1 billion in 2021 and is projected to reach USD 1.6 billion by 2028 at a CAGR of 6.5% over the forecast period. We are still in the process of updating our website with the new products and information. What you see on our website is just a small selection of available products. Note: We carry a much larger selection of fully legal THC products in our retail store. No medical card or prescription is required! We have these products in stock and ready to go. Recent changes in Minnesota State Law allow us to sell fully legal products containing Delta-9 THC. Minnesota legal THC cannabis products? Mr Nice Guys has a huge selection of products containing now fully legal THC. ![]()
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