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According to a new study by TMR, the sales of licorice extract are expected to reach ~US$ – 1.9 Bn in 2019, and record a Y-o-Y growth of ~4% during the forecast period of 2019 to 2029.Growth of the licorice extract market remains driven by a slew of factors, which range from rising demand for clean label products and changing regulations in the food and beverage industry, to increasing awareness among consumers.Licorice is an evergreen herb, and is predominantly cultivated in West Asia, Greece, and Turkey.

Licorice was also used as an expectorant.

The unpeeled dried roots and the subterranean stem (rhizome) are the medicinal components of the plant.Licorice extract is fifty times sweeter than sugar.

Licorice is mainly used in the candy and tobacco sectors as a flavoring agent, and to some extent in the pharmaceutical and beverage sectors.

The chemical compounds discovered in licorice extract were explored for a variety of uses, including cancer therapy and antiviral activity.https://www.prnewswire.com/news-releases/increasing-rd-activities-to-help-raise-revenue-of-global-animal-feed-probiotics-market-to-us4-3-bn-by-2027–finds-tmr-301022178.htmlPreferential Inclination towards Non-modified Convenience IngredientsIncreasing health and wellness issues have changed the lifestyles and practices of consumers.

Consumers are demanding transparency about the products that they consume, and want to know the sources of the various ingredients in their food productsRequest A Sample of Licorice Extract Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=S_id=18749Nutritional Thrust through Innovative Ingredients Driving Global DemandConsumer preferences are always changing over time, and demand changes with ever-changing preferences.

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It was first used by the Chinese about three centuries ago, where it was considered a major constituent of medication used to control fevers and inflammation.

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