United Kingdom Licorice Market Overview, 2029

The United Kingdom's (UK) licorice market is distinguished by its wide range of uses in a number of industries, such as medicines, food & beverage, cosmetics, and more. Because of the inappropriate environment, licorice is not produced on a large scale in the UK. Rather, licorice and licorice-related items are imported from licorice-growing nations including Italy, Spain, China, India, and Turkey. The main reasons licorice is employed in the pharmaceutical industry are its expectorant, demulcent, and anti-inflammatory qualities. It is included in throat lozenges, cough syrups, and digestive aids. Licorice is used as a flavoring in sweets, confections (such as licorice allsorts), herbal teas, and alcoholic drinks in the United Kingdom. Customers find its peculiar sweet and somewhat bitter flavor to be appealing. The United Kingdom is a net importer of licorice and its derivatives. Countries that produce licorice are the main sources of imports, although processed licorice goods and medicinal preparations using licorice extracts may be exported. According to the research report "United Kingdom Licorice Market Overview, 2029," published by Bonafide Research, the United Kingdom Licorice market is anticipated to grow at more than 5% CAGR from 2024 to 2029. With its therapeutic qualities and wide range of uses, licorice is still in high demand in the UK pharmaceutical industry. Licorice is becoming more and more popular in over-the-counter (OTC) and alternative medicine due to growing customer desire for natural and plant-based therapies. In the UK, liquorice is often used as a flavoring in sweets, confections, herbal teas, and alcoholic drinks. Food producers are utilizing licorice extracts in their innovations to develop new goods and variations that satisfy shifting client preferences and wellness fads. In the UK, licorice extracts are finding their way into skincare and makeup products. Licorice is being used by cosmetic businesses to successfully address a variety of skin issues in their cream, serum, and mask formulas. In order to facilitate commerce with licorice-producing nations worldwide, the UK acts as a center for licorice imports and exports. Businesses situated in the UK make sure that licorice goods comply with both national and international norms by upholding stringent quality standards and regulatory criteria.

The popularity of licorice goods in the UK market varies depending on their kind and taste. In the UK, traditional black licorice is still a popular option. Customers value black licorice for its possible health advantages as well, including its ability to soothe sore throats and assist with digestion. In the UK licorice market, fruit-flavored licorice sweets are becoming more and more popular. Younger customers are drawn to fruit flavors because they may find conventional black licorice flavors too strong or strange. Products with flavors such as apple and anise target specific audiences in the United Kingdom. These tastes are popular among gourmet and health-conscious consumers and are frequently found in artisanal or specialized confectioneries. In the UK market, licorice with a cinnamon flavor is becoming more popular. It assists confectionery companies in broadening their product offerings and drawing in customers who are open to trying new flavors. The three main types of licorice—powder, liquid, and block—allow for the classification of licorice demand and usage in the UK market. In the UK, one of the most popular varieties of licorice is powdered. Because of its anti-inflammatory and skin-soothing qualities, powdered licorice is used in skincare products. Because of its medicinal characteristics, liquid licorice extract is utilized in syrups, tinctures, and preparations for medical purposes. Traditionally, licorice blocks are used to make confections like licorice allsorts and licorice candies. Increased demand for licorice in all its forms is driven by growing consumer knowledge of its health advantages, including its ability to aid with digestion and reduce inflammation. The popularity of natural and plant-based components in food, drinks, and personal care items is rising, which is helping licorice develop in a variety of ways. In the food and beverage sector, licorice is a leading product in the UK market. The demand for licorice in the food and beverage industry has increased because to a growing consumer trend toward natural and herbal ingredients. In the UK, licorice plays a big role in the pharmaceutical sector. Licorice is prized for its anti-inflammatory, expectorant, and sedative qualities in medicine. In the UK, licorice is becoming more and more common in makeup and personal hygiene products. In order to successfully address a variety of skin issues, cosmetic companies are integrating licorice into their formulas for creams, serums, masks, and other skincare products. Tobacco products are flavored with licorice to improve their flavor and lessen their harshness. Though these uses are less common than those in food, medicine, and cosmetics, licorice extracts may find use in veterinary goods, industrial adhesives, and coatings.

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Manmayi Raval

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Companies Mentioned: Mars Wrigley Confectionery, div. of Mars Inc., Ferrero Group, Haribo GmbH & Co. K.G., Perfetti Van Melle, Meiji Co. Ltd., Nestle SA, Hershey Co., Lotte Confectionery Co Ltd, Mondelez International, Lindt & Sprungli AG Considered in this report • Historical Year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects Covered in the report: • Licorice Market Size By Value for the time period (2018-2029F) • Market Share by Type (Black Licorice, Fruit Flavoured Candy, Anise & Apples, Cinnamon) By Value • Market Share by Form (Powder, Liquid, Block) By Value • Market Share by Applications (Food & Beverages, Pharmaceuticals, Tobacco and Others) By Value

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By Type • Black Licorice • Fruit Flavoured Candy • Anise & Apples • Cinnamon By Form • Powder • Liquid • Block By Application • Food & Beverages • Pharmaceuticals • Tobacco • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to sugar confectionery industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.