According to a report by Intel Market Research, the global Glabridin market was valued at USD 37.74 million in 2024 and is projected to reach USD 59.43 million by 2031, expanding at a CAGR of 6.84% during the forecast period of 2025-2031. The market is witnessing significant growth due to increasing consumer preference for natural and plant-based cosmetic ingredients, growing awareness of skincare benefits, and the expanding use of Glabridin in pharmaceutical applications. Derived primarily from licorice root, Glabridin is gaining traction for its skin-brightening, anti-inflammatory, antioxidant, and UV-protective properties, making it a sought-after ingredient across premium skincare and healthcare formulations.

The growing demand for clean-label and organic beauty products continues to be a major factor supporting market expansion. Cosmetic manufacturers are increasingly incorporating Glabridin into formulations targeting hyperpigmentation, anti-aging, and skin protection. Additionally, pharmaceutical companies are exploring its therapeutic potential in anti-inflammatory and antimicrobial treatments, further strengthening market prospects.
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Asia-Pacific remains the largest regional market, supported by strong production capabilities and increasing consumer spending on skincare products in countries such as China, Japan, South Korea, and India. North America and Europe are also witnessing steady growth due to the presence of established cosmetic brands and rising demand for naturally derived active ingredients.

Despite positive growth prospects, the market faces challenges including high extraction and purification costs, limited availability of licorice root raw materials, and stringent regulatory requirements related to ingredient certification and product safety. However, technological advancements in extraction processes and product formulation innovations are expected to create new growth opportunities over the coming years.

Key Market Players

• Sabinsa
• Mafco
• Maruzen Pharmaceuticals
• Hyundai Bioland
• Shanghai OLI
• Lepro Herbals
• Gansu Fanzhi Pharmaceutical
• Qinghai Lake Pharmaceutical
• Hangzhou Lingeba Technology
• Shenyang Phytocare Ingredients
• Plamed Green Science Group
• Uniproma Chemical
• Sanat Products Limited
• Xi'an Zhongying
• Shaanxi Huatai Bio-fine Chemical Co., Ltd
• Spec Chem Industry Inc.

Market Segmentation

By Application

• Cosmetic Industry
• Pharmaceutical Industry
• Other Applications

By Type

• 20% (HPLC)
• 40% (HPLC)
• 60% (HPLC)
• 90% (HPLC)
• 98% (HPLC)
• Other Grades

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Regional Coverage

• North America: U.S., Canada, Mexico
• Europe: Germany, France, U.K., Italy, Russia, Nordic Countries, Benelux, Rest of Europe
• Asia-Pacific: China, Japan, South Korea, Southeast Asia, India, Rest of Asia-Pacific
• South America: Brazil, Argentina, Rest of South America
• Middle East & Africa: Turkey, Israel, Saudi Arabia, UAE, Rest of Middle East & Africa

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The increasing shift toward botanical active ingredients, coupled with expanding applications in cosmetics and pharmaceuticals, is expected to position Glabridin as a key ingredient in the global skincare and wellness industry through 2031.

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