The global Licorice Extracts Market size was estimated at USD 1,722.9 Mn in 2021, growing at a CAGR of 6.2% during the forecast period 2021-2027. Licorice is the root of glycyrrhiza glabra. The licorice extracts are used as herbal medicine due to their medicinal properties. The licorice extracts are also used as sweeteners and flavoring agents in the food and beverage industry. In June 2017, Fini Sweets has launched black licorice, it’s premium licorice. Industry trends in the market are evolving, which will aid players in developing successful long-term strategies. Both established and emerging markets have implemented business growth techniques. The research report contains the COVID-19 in light of changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, market dynamics, and government involvement. The revised report considers the influence of COVID-19 on the market and includes insights, analysis, projections, and predictions. The Licorice Extracts Market research report covers exhaustive regional information, that includes North America (the USA and Canada), Europe (Germany, France, Italy, UK, Spain, Russia, Poland, and Rest of Europe), Asia-Pacific (Japan, China, India, Australia & New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentian, Venezuela, and Rest of Latin America), and the Middle East and Africa (Gulf Cooperation Council (GCC) Countries, Israel, South Africa, and Rest of the Middle East and Africa).