Licorice Extract Market Forecast
Regional Forecast:
The licorice extract market in North America is expected to experience steady growth, with the United States and Canada being key markets. Factors driving this growth include increasing awareness of the health benefits of licorice extract and the rising demand for natural sweeteners in the region.
Asia Pacific:
The Asia Pacific region, particularly China, Japan, and South Korea, is anticipated to witness significant growth in the licorice extract market. These countries are major producers of licorice root and have a long history of using licorice extract in traditional medicine and culinary applications.
Largest Region
Asia Pacific
XX% Market Share by 2032
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Europe:
In Europe, countries such as the United Kingdom, Germany, and France are expected to contribute to the growth of the licorice extract market. The increasing popularity of natural and organic products, as well as the growing demand for licorice extract in the pharmaceutical and food industries, are driving market growth in these countries.
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