The latest report titled “Licorice Extract Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Licorice Extract.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Licorice Extract production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Licorice Extract Production Process:
- From Glycyrrhiza glabra: This report presents the detailed production methodology and cost analysis of Licorice Extract industrial production across Licorice Extract manufacturing plants. Licorice is a natural extract derived from the roots of the Glycyrrhiza glabra plant. The roots are dried using either sunlight or artificial heat and then ground into a powder to facilitate extraction. The powdered roots are boiled with water to create a concentrated solution. This solution is filtered to remove impurities and then concentrated under vacuum at low temperatures, resulting in the formation of concentrated licorice extract as the end product.
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Product Definition:
Licorice extract, derived from the roots of the Glycyrrhiza glabra plant, is an organic compound with the chemical formula C42H62O16, comprising forty-two carbon, sixty-two hydrogen, and sixteen oxygen atoms, weighing 822.9 g/mol. With a melting point between 238–240 °C, it acts as an antioxidant and is soluble in water, alcohols like ethanol, and glycerol, but insoluble in oils. Used in pharmaceuticals, food, and beverages, it adds a sweet flavor and is employed in medications like syrups and skincare products due to its soothing and skin-lightening properties. In cosmetics, it is found in ointments and creams, particularly those targeting dark spots. Licorice extract is also used in anti-inflammatory and antimicrobial products, and as a flavoring agent in foods and beverages.
Market Drivers:
The demand for licorice extract is primarily fueled by its widespread use as an antimicrobial and flavoring agent in the pharmaceutical and cosmetics industries. Its role in flavoring medications such as syrups contributes to its demand in the pharmaceutical sector, while its antibacterial properties make it valuable in producing creams and ointments. Additionally, its skin-soothing and dark spot-lightening properties are harnessed in skincare formulations, driving its use in cosmetics. Licorice extract is integral to the production of creams, lotions, and gels for dark spot treatment. Fluctuations in demand within these industries play a significant role in shaping the market for licorice extract, influencing its availability and utilization worldwide.
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