According to our (Global Info Research) latest study, the global Pharmaceutical Grade Licorice Extract market size was valued at US$ 251 million in 2025 and is forecast to a readjusted size of US$ 295 million by 2032 with a CAGR of 2.3% during review period.
Pharmaceutical Grade Licorice Extract is a concentrated form of licorice root extract that meets high-quality standards and purity requirements suitable for pharmaceutical and medicinal applications. Licorice (Glycyrrhiza glabra) is a plant known for its sweet-tasting roots, which contain bioactive compounds that have been used for various therapeutic purposes. Pharmaceutical grade licorice extract is carefully processed to ensure it is free from contaminants and consistent in its composition.
The global pharmaceutical market is 1475 billion USD in 2022, growing at a CAGR of 5% during the next six years. The pharmaceutical market includes chemical drugs and biological drugs. For biologics is expected to 381 billion USD in 2022. In comparison, the chemical drug market is estimated to increase from 1005 billion in 2018 to 1094 billion U.S. dollars in 2022. The pharmaceutical market factors such as increasing demand for healthcare, technological advancements, and the rising prevalence of chronic diseases, increase in funding from private & government organizations for development of pharmaceutical manufacturing segments and rise in R&D activities for drugs. However, the industry also faces challenges such as stringent regulations, high costs of research and development, and patent expirations. Companies need to continuously innovate and adapt to these challenges to stay competitive in the market and ensure their products reach patients in need. Additionally, the COVID-19 pandemic has highlighted the importance of vaccine development and supply chain management, further emphasizing the need for pharmaceutical companies to be agile and responsive to emerging public health needs.
This report is a detailed and comprehensive analysis for global Pharmaceutical Grade Licorice Extract market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Pharmaceutical Grade Licorice Extract market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2021-2032
Global Pharmaceutical Grade Licorice Extract market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2021-2032
Global Pharmaceutical Grade Licorice Extract market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2021-2032
Global Pharmaceutical Grade Licorice Extract market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Pharmaceutical Grade Licorice Extract
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Pharmaceutical Grade Licorice Extract market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Magnasweet, Zagros Licorice, Sepidan Osareh, F&C Licorice, Norevo GmbH, Ransom Naturals, Maruzen Pharmaceuticals, Aushadhi Herbal, Avestia Pharma, VPL Chemicals, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Pharmaceutical Grade Licorice Extract market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Liquid
Solid
Market segment by Application
Indigestion
Bronchitis
Liver and Adrenal
Major players covered
Magnasweet
Zagros Licorice
Sepidan Osareh
F&C Licorice
Norevo GmbH
Ransom Naturals
Maruzen Pharmaceuticals
Aushadhi Herbal
Avestia Pharma
VPL Chemicals
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Pharmaceutical Grade Licorice Extract product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Pharmaceutical Grade Licorice Extract, with price, sales quantity, revenue, and global market share of Pharmaceutical Grade Licorice Extract from 2021 to 2026.
Chapter 3, the Pharmaceutical Grade Licorice Extract competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Pharmaceutical Grade Licorice Extract breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Pharmaceutical Grade Licorice Extract market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Pharmaceutical Grade Licorice Extract.
Chapter 14 and 15, to describe Pharmaceutical Grade Licorice Extract sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Pharmaceutical Grade Licorice Extract. Industry analysis & Market Report on Pharmaceutical Grade Licorice Extract is a syndicated market report, published as Global Pharmaceutical Grade Licorice Extract Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Pharmaceutical Grade Licorice Extract market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.