Market Research Report

Global Licorice Extract Market Research Report: Forecast (2023-2028)

By Product Type (Food Grade, Feed Grade, Pharmaceutical Grade), By Form (Powder, Liquid, Block), By End Users (Food & Beverages , Pharmaceuticals, Tobacco, Others), By Region (Nort...h America, South America, Europe, The Middle East & Africa, Asia Pacific), By Company (Alfarid Corporation Limited, AOS Products Pvt. Ltd., Avestia Pharma, C.E. Roeper GmbH, F&C Licorice Ltd., Herbochem, Hyundai Bioland, Mafco Worldwide LLC, Maruzen Pharmaceuticals Co. Ltd., Norevo GmbH, Shaanxi FUJIE Pharmaceutical Co. Ltd., VPL Chemicals Pvt Ltd. , Beijing Gingko Group , Glycyrrhiza Glabra Co. Ltd., Ransom Naturals Ltd., Others) Read more

  • Healthcare
  • Jul 2023
  • Pages 197
  • Report Format: PDF, Excel, PPT

Market Definition

Licorice also known as ‘liquorice’ is defined as a sweet-flavored root of the Glycyrrhize glabra plant. This plant’s root is used as a flavoring agent in many of the food products, such as candies, confectionery & bakery products, etc. as well as in medicines. It is the native to North Africa, Western Asia, and Southern Europe.

Market Insights & Analysis: Global Licorice Extract Market (2023-28):

The Global Licorice Extract Market size is valued at around USD 2.12 billion in 2022 & is estimated to grow at a CAGR of about 5.2% during the forecast period, i.e., 2023-28. The market is poised to grow owing to the rising health concerns & prevalence of diseases like diabetes, celiac disease, and several other chronic ailments among the population across the globe. Due to its medicinal properties, it is widely utilized in the pharmaceutical or medical sector. Licorice has more than 300 compounds, having numerous properties, such as anti-inflammatory, anti-microbial, anti-viral, etc. It is majorly used for treating stomach ulcers, toothaches, indigestion, asthma, bronchitis, heartburn, and cough. Along with this, it is observed that licorice is getting widely used in producing new medicines for hepatitis C, cancer, skin infections, and memory loss. 

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 5.2%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
Key Companies Profiled Alfarid Corporation Limited, AOS Products Pvt. Ltd., Avestia Pharma, C.E. Roeper GmbH, F&C Licorice Ltd., Herbochem, Hyundai Bioland, Mafco Worldwide LLC, Maruzen Pharmaceuticals Co. Ltd., Norevo GmbH, Shaanxi FUJIE Pharmaceutical Co. Ltd., VPL Chemicals Pvt Ltd. , Beijing Gingko Group , Glycyrrhiza Glabra Co. Ltd., Ransom Naturals Ltd., Others
Market Value (2022) USD 2.12 Billion

 

As licorice has a sweet taste, it is witnessing a soaring demand from the food & beverage industry for making candies, bakery products, sweet dishes, drinks, mock tales, and many more, thus contributing to enhancing the Licorice Extract Market growth. However, as licorice is not the only natural sweetener & there are several alternatives such as stevia, anise, and others present in the market, which are also commonly used worldwide, would act as a restraint for the market growth.

Moreover, with the boom in the adoption of organic & natural products, owing to their health benefits & being a clean label, the Global Licorice Extract Market sale is presumed to upscale in the forthcoming period, as they are natural flavoring agents & are included in preparing or producing any clean label item.

Global Licorice Extract Market Driver:

Mounting Utilization of the Licorice Extract in the Cosmetic Industry & Its Numerous Benefits to Drive the Market – Licorice extract has been used to treat various illnesses like inflammation, gastrointestinal issues, and respiratory problems. However, its integration into making cosmetic products is also witnessing a surge, thus driving the market. Across the globe, there is a high demand for advanced beauty & cosmetic products that are highly efficient, natural & safe, etc., owing to the rising consciousness among individuals about their looks & appearance. Also, as this extract act as an anti-inflammatory & skin-lightening substance, they are getting frequently deployed in a wide range of cosmetic items, thus supporting the Global Licorice Extract Market growth.


Global Licorice Extract Market Research Report: Forecast (2023-2028)

Moreover, in line with its benefits, many cosmetic companies are conducting new research on analyzing the characteristics of this natural extract to manufacture clean-label products. Hence, with the growing R&D and innovation across the cosmetic sector, the Licorice Extract Market is presumed to escalate in the future years.

Global Licorice Extract Market Challenge:

Decline in the Production of Tobacco & Its Industry to Hinder the Market Growth – As the world is advancing, individuals are getting more & more concerned about their health & are avoiding to intake anything that could harm their health. One such thing is tobacco, which is considered to be one of the deadliest things if consumed on a regular basis. Thus, the rising awareness regarding consuming tobacco is aiding in declining the production of tobacco, eventually creating a challenge for the Global Licorice Extract Market expansion, as this extract is widely used in tobacco for flavor & taste & contributes to the total market share.

Global Licorice Extract Market Trend:

Soaring Demand for Clean-Label & Organic Products to be a Key Trend in the Licorice Extract Market – The lifestyle of the population is evolving constantly across the world, leading to the surge in the adoption of healthy food & beverages, like clean-label products or natural products are anticipated to be one of the emerging trends in the Licorice Extract Market. Nowadays, most consumers are purchasing appropriate or complimentary products to enhance their way of living or lifestyle, which is also contributing to elevating the demand for licorice extracts.

Furthermore, various companies are bending towards natural or organic ingredients to foster innovation in products, such as foods, beverages, pharmaceuticals, cosmetics, etc., due to the detrimental effects of synthetic extracts. Consequently, it could be stated that the organic clean-label market for licorice extract would create lucrative opportunities in the future years as well.

Global Licorice Extract Market (2023-28): Segmentation Analysis

The Global Licorice Extract Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023–2028 at the global, regional, and national levels. Based on the analysis, the market has been further classified as:

Based on Product Type:

  • Food Grade
  • Feed Grade
  • Pharmaceutical Grade

Pharmaceutical Grade is anticipated to account for the majority of the share of the Global Licorice Extract Market during the forecast period. Owing to its vast presence in the making of the medicinal products & medicines licorice extract’s demand is destined to elevates. It is a widely used extract that aids in the treatment of various kind of disease & is used to make cough syrup, lotions, cosmetics, etc. As, it is best for curing sore throat, acid reflux, indigestion, eczema, acne, and many more, thus it is presumed that the demand for this extract would increase, further positively affection the Licorice Extract Market size in the following years.

Based on Form:

  • Powder
  • Liquid
  • Block

Powder form extract market would hold a considerable share in the Licorice Extract Market during 2023-28. This form of extract is broadly utilized in pharmaceutical as well a food & beverage sector, thus have strong market presence with high demand across the global market. Licorice powder form extract is a low-dust powder with numerous uses & are utilized in creating organic pills & tablets, supplements, food items that requires natural sweetness, drinks & beverages, and various others. Therefore, due to its vast adoption by several industries & with the inclusion of this specific form in several sectors to produce wide ranges of products, it can be projected that the Licorice Extract Market growth would proliferate eventually creating a profitable market outlook.

Global Licorice Extract Market Regional Projections:

Geographically, the Global Licorice Extract Market expands across:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Asia-Pacific is projected to witness a rapid upgrade in the market & is poised to contribute to the substantial market share of the global industry. The regional market is envisioned to upgrade due to the high presence of health concern individuals & prevalence of chronic diseases. Licorice extract is widely utilized in the households of the Asia-Pacific region to prepare tea & various other traditional drinks, which is also supporting in enhancing the Licorice Extract Market size. Many of the regional countries, such as Japan, have huge consumption of licorice, as it utilizes this extract in a wide range of products. Since licorice is primarily imported to Japan from China, the country is purely dependent on China.

However, as the cost of Chinese licorice has risen, the market in Japan has been facing difficulties, thus affecting the Asia-Pacific Licorice Market growth. Also, as it has a vast presence in the Ayurveda medicines and food & beverage sector across numerous nations, the region is anticipated to contribute to the overall upgradation of the Global Licorice Extract Market share during the forecast period.

Global Licorice Extract Industry Recent Development:

  • July 2022: Givaudan, Bühler, and Cargill partnered with the FoodTech HUB Latam & ITAL, Food Technology Institute, to construct a food innovation center in the city of Campinas, recognized as Brazil's tech powerhouse.
  • January 2021: Mafco introduced a category-specific, multi-tasking Magna-Brand product that handles flavor-formulation issues. According to the organization, selective compounding is the most cost-effective & efficacious for Taste Modulation.

Gain a Competitive Edge with Our Global Licorice Extract Market Report

  1. Global Licorice Extract Market report provides a detailed and thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics and make informed decisions.
  2. This report also highlights current market trends and future projections, allowing businesses to identify emerging opportunities and potential challenges. By understanding market forecasts, companies can align their strategies and stay ahead of the competition.
  3. Global Licorice Extract Market report aids in assessing and mitigating risks associated with entering or operating in the market.
  4. The report would help in understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks and optimize their operations.

Frequently Asked Questions

   A. The Licorice Extract Market is expected to grow at a compound annual growth rate (CAGR) of around 5.2% from 2023 to 2028.

   A. The Licorice Extract Market size was estimated at around USD 2.12 billion in 2022.

   A. Mounting utilization of the licorice extract in the cosmetic industry & its numerous benefits to drive the Licorice Extract Market during 2023-28.

   A. Alfarid Corporation Limited, AOS Products Pvt. Ltd., Avestia Pharma, C.E. Roeper GmbH, F&C Licorice Ltd., Herbochem, Hyundai Bioland, Mafco Worldwide LLC, Maruzen Pharmaceuticals Co. Ltd., Norevo GmbH, Shaanxi FUJIE Pharmaceutical Co. Ltd., VPL Chemicals Pvt Ltd., Beijing Gingko Group, Glycyrrhiza Glabra Co. Ltd., Ransom Naturals Ltd., and Others are the top players in the Licorice Extract Market.

   A. Pharmaceutical grade held the largest share of the Licorice Extract Market.

   A. Asia-Pacific would present growth prospects in the Licorice Extract Market during 2023-28.

   A. Soaring demand for clean-label & organic products to be a key trend in the Licorice Extract Market.

Global Licorice Extract Market Research Report (2023-2028) - Table of Contents

 

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Licorice Extract Market Regulations & Policy
  5. Global Licorice Extract Market Trends & Developments
  6. Global Licorice Extract Market Dynamics
    1. Growth Drivers
    2. Challenges
  7. Global Licorice Extract Market Hotspots & Opportunities
  8. Global Licorice Extract Market Supply Chain Analysis
  9. Global Licorice Extract Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type
        1. Food Grade- Market Size & Forecast 2018-2028, USD Million
        2. Feed Grade- Market Size & Forecast 2018-2028, USD Million
        3. Pharmaceutical Grade- Market Size & Forecast 2018-2028, USD Million
      2. By Form
        1. Powder- Market Size & Forecast 2018-2028, USD Million
        2. Liquid- Market Size & Forecast 2018-2028, USD Million
        3. Block- Market Size & Forecast 2018-2028, USD Million
      3. By End Users
        1. Food & Beverages- Market Size & Forecast 2018-2028, USD Million
        2. Pharmaceutical- Market Size & Forecast 2018-2028, USD Million
        3. Tobacco- Market Size & Forecast 2018-2028, USD Million
        4. Others- Market Size & Forecast 2018-2028, USD Million
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      5. By Company
        1. Market Share & Analysis
        2. Competition Characteristics
  10. North America Licorice Extract Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type- Market Size & Forecast 2018-2028, USD Million
      2. By Form- Market Size & Forecast 2018-2028, USD Million
      3. By End Users- Market Size & Forecast 2018-2028, USD Million
      4. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The United States Licorice Extract Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Form- Market Size & Forecast 2018-2028, USD Million
        3. By End Users- Market Size & Forecast 2018-2028, USD Million
    4. Canada Licorice Extract Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Form- Market Size & Forecast 2018-2028, USD Million
        3. By End Users- Market Size & Forecast 2018-2028, USD Million
    5. Mexico Licorice Extract Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Form- Market Size & Forecast 2018-2028, USD Million
        3. By End Users- Market Size & Forecast 2018-2028, USD Million
  11. South America Licorice Extract Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type- Market Size & Forecast 2018-2028, USD Million
      2. By Form- Market Size & Forecast 2018-2028, USD Million
      3. By End Users- Market Size & Forecast 2018-2028, USD Million
      4. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Licorice Extract Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Form- Market Size & Forecast 2018-2028, USD Million
        3. By End Users- Market Size & Forecast 2018-2028, USD Million
    4. Argentina Licorice Extract Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Form- Market Size & Forecast 2018-2028, USD Million
        3. By End Users- Market Size & Forecast 2018-2028, USD Million
  12. Europe Licorice Extract Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type- Market Size & Forecast 2018-2028, USD Million
      2. By Form- Market Size & Forecast 2018-2028, USD Million
      3. By End Users- Market Size & Forecast 2018-2028, USD Million
      4. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. Germany Licorice Extract Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Form- Market Size & Forecast 2018-2028, USD Million
        3. By End Users- Market Size & Forecast 2018-2028, USD Million
    4. The UK Licorice Extract Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Form- Market Size & Forecast 2018-2028, USD Million
        3. By End Users- Market Size & Forecast 2018-2028, USD Million
    5. France Licorice Extract Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Form- Market Size & Forecast 2018-2028, USD Million
        3. By End Users- Market Size & Forecast 2018-2028, USD Million
    6. Italy Licorice Extract Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Form- Market Size & Forecast 2018-2028, USD Million
        3. By End Users- Market Size & Forecast 2018-2028, USD Million
    7. Spain Licorice Extract Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Form- Market Size & Forecast 2018-2028, USD Million
        3. By End Users- Market Size & Forecast 2018-2028, USD Million
  13. The Middle East & Africa Licorice Extract Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type- Market Size & Forecast 2018-2028, USD Million
      2. By Form- Market Size & Forecast 2018-2028, USD Million
      3. By End Users- Market Size & Forecast 2018-2028, USD Million
      4. By Country
        1. The UAE
        2. Saudi Arabia
        3. South Africa
        4. Rest of the Middle East & Africa
    3. The UAE Licorice Extract Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Form- Market Size & Forecast 2018-2028, USD Million
        3. By End Users- Market Size & Forecast 2018-2028, USD Million
    4. Saudi Arabia Licorice Extract Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Form- Market Size & Forecast 2018-2028, USD Million
        3. By End Users- Market Size & Forecast 2018-2028, USD Million
    5. South Africa Licorice Extract Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Form- Market Size & Forecast 2018-2028, USD Million
        3. By End Users- Market Size & Forecast 2018-2028, USD Million
  14. Asia-Pacific Licorice Extract Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type- Market Size & Forecast 2018-2028, USD Million
      2. By Form- Market Size & Forecast 2018-2028, USD Million
      3. By End Users- Market Size & Forecast 2018-2028, USD Million
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Rest of Asia-Pacific
    3. China Licorice Extract Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Form- Market Size & Forecast 2018-2028, USD Million
        3. By End Users- Market Size & Forecast 2018-2028, USD Million
    4. India Licorice Extract Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Form- Market Size & Forecast 2018-2028, USD Million
        3. By End Users- Market Size & Forecast 2018-2028, USD Million
    5. Japan Licorice Extract Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Form- Market Size & Forecast 2018-2028, USD Million
        3. By End Users- Market Size & Forecast 2018-2028, USD Million
    6. South Korea Licorice Extract Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Form- Market Size & Forecast 2018-2028, USD Million
        3. By End Users- Market Size & Forecast 2018-2028, USD Million
    7. Australia Licorice Extract Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Form- Market Size & Forecast 2018-2028, USD Million
        3. By End Users- Market Size & Forecast 2018-2028, USD Million
  15. Global Licorice Extract Market Key Strategic Imperatives for Success & Growth
  16. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Research & Development
      4. Strategic Alliances
      5. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Alfarid Corporation Limited
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. AOS Products Pvt. Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Avestia Pharma
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. C.E. Roeper GmbH
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. F&C Licorice Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Herbochem
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Hyundai Bioland
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Mafco Worldwide LLC
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Maruzen Pharmaceuticals Co. Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Norevo GmbH
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Shaanxi FUJIE Pharmaceutical Co. Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. VPL Chemicals Pvt Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. Beijing Gingko Group
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Glycyrrhiza Glabra Co. Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. Ransom Naturals Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. Others
  17. Disclaimer


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