Licorice Extract Market Size 2022 | Share, Industry Trends, Report and Forecast to 2027

The latest research study “ Licorice Extract Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ” by IMARC Group, finds that t he global licorice extract market size reached a value of US$ 1,810 Million in 2021 . Looking forward, IMARC Group expects the market to reach US$ 2,439 Million by 2027 , exhibiting at a CAGR of 4.40% during 2022-2027. What is Licorice Extract? Licorice extract refers to a herbal extract derived from wild and organically grown Glycyrrhiza glabra licorice roots. It possesses a sweet and aromatic flavor and is manufactured by boiling the pulp of licorice roots. It is generally available in numerous forms, such as liquid, paste, block, and powdered. It displays numerous anti-inflammatory, antimicrobial, anticancer, and antioxidant properties that assist in treating acid reflux, hot flashes, digestive ailments, heartburn, menopausal symptoms, and viral infections. Licorice extract is also widel...