The Licorice Extract market, valued at USD 894.3 million in 2024, is projected to grow at a CAGR of 6.2% during the forecast period, reaching USD 1,625.4 million by 2034.
Licorice extract, derived from licorice root through a heating process that removes water, is widely used as a natural remedy. It is promoted for various health issues including digestive problems, menopausal symptoms, cough, and infections. Additionally, licorice gargles or lozenges are employed to alleviate post-surgical sore throat.
Despite its popularity, licorice root can cause serious side effects when consumed excessively or for prolonged periods. These include elevated blood pressure and lowered potassium levels, posing significant risks, especially for individuals with hypertension, heart disease, or kidney problems.
Due to variations in product composition, determining a universally safe intake level is challenging. Thus, while licorice root offers potential health benefits, caution is advised to mitigate potential adverse effects on health.
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