Exploring Growth Frontiers: Licorice Root Market Expansion in Brazil, Indonesia, and South Africa

CALIFORNIA CITY, Calif. - March 18, 2025 - PRLog -- Leading players in such as Nature's Way, Starwest Botanicals, Licorice International, Mountain Rose Herbs, Frontier Co-op, NOW Foods, Herb Pharm, Traditional Medicinals, Wiley's Finest, Herbal Terra LLC, Buddha's Herbs and TerraVita. are pushing the boundaries of innovation and forging strategic partnerships to capture larger market share.

Global & Regional Analysis
As per research study, Licorice Root is expected to rise to $1110.6 million by 2035 from $462.0 million of 2024 with a CAGR of 8.3%. In North America's region realm licorice root has experienced growth in demand because of its rising popularity in health supplements and natural medicines. The increasing knowledge about well being among individuals has fueled this phenomenon. The market competition is fierce in this region with many leading companies competing for their share of the market. However the driving force, behind this rivalry lies in the pursuit of notch organic licorice root products as consumers are growing more mindful of what they purchase. The changing regulatory landscape in nations such, as the United States and Canada is also influencing the markets trends.

Segment: Product Form

• Powders
• Extracts
• Liquid

Segment: Function

• Flavoring Agent
• Herbal Medicine
• Tobacco Additive

Check detailed insights here - https://datastringconsulting.com/industry-analysis/licorice-root-market-research-report

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