Licorice Extracts Derived from licorice roots are used as in medicines and is available in powdered or liquid form
Licorice Extracts derived from licorice roots are utilized as in medicines and will come in powdered or liquid form. The extract is created by boiling licorice roots (Glycyrrhiza glabra), which is really a plant native to the Mediterranean region. It is widely found in the foodstuff industry because the extract is nearly 50 times sweeter when compared with sugar. Apart from herbal medicines it's used as a sweetener and flavoring agent. The extract has anti-inflammatory, antiviral, and detoxification properties. Increasing demand for herbal medicines, plant-based sweeteners, and growing awareness related to sugar-free products is expected to drive growth of licorice extracts market throughout the forecast period.
Licorice Extract is used as a flavoring agent in lots of kinds of food & beverages. It is also used as a sweetener to boost the sweetness of some food. But it's not the only real food additive or natural sweetener available on the market. Stevia, an all natural sweetener, is more commonly used and more widely known. Anise is another naturally available plant that has a very similar taste to licorice, and is usually used as a licorice substitute.
Great things about licorice extracts for treatment of Covid-19 and rise in demand from the cosmetic industry fuel the growth of the global licorice extract market. On the other hand, option of a number of substitutes for licorice in the foodstuff & beverage industry impedes the market growth for some extent. However, demand from the animal feed industry and upsurge in popularity of natural & clean label products would pave the way in which for lucrative opportunities in the industry.
Insights from the study reveal that, individuals with medical conditions such as for instance obesity, diabetes, and high cholesterol account for a considerable share of the demand for Licorice Extract, with popular consumables being in the shape of toothpastes, chewing gums, or sweeteners. While the once covert health advantages of licorice extract come to light, pharmaceutical and nutraceutical industries find an attractive market for penetrating nutritional products and dietary supplements to consumers seeking natural products to keep up their health.

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