Market expansion is anticipated as a result of rising health consciousness among customers and a rise in their desire for organic goods. Demand for the worldwide Licorice Extract Market is expected to rise as licorice extract is increasingly used in industries like the pharmaceutical, feed, and food and beverage sectors. The market has more room to grow as a result of the increasing prevalence of various ailments like diabetes and obesity. It is anticipated that the manufacturers will benefit financially from the increase in research and development activity. However, it is anticipated that the lack of supply and rising cost of raw materials will limit the market's expansion for licorice extracts.
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 Extract Market during the forecast period. 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.
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