Prakhar Panchbhaiya
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Licorice Extract Production from Glycyrrhiza glabra
Licorice Extract Production Cost Breakup from Glycyrrhiza glabra
This study analyzes Licorice Extract Production from Glycyrrhiza glabra, covering manufacturing, process flow, operating expenses, and financial considerations.
Last Updated: January, 2025
Written ByPrakhar Panchbhaiya
This report entails the detailed cost evaluation of licorice extract production from Glycyrrhiza glabra. Licorice is an organic extract obtained by processing roots of Glycyrrhiza glabra plant. The roots of the plant are dried in the sun or artificial heat. The dried roots are then ground into powder for easy extraction and boiled with water, resulting in a concentrated solution. The liquid is filtered, removing the impurities, and concentrated under vacuum at a low temperature leading to the formation of the concentrated licorice extract as the final product.
Top Producers of Licorice Extract
- BGG World
- Glycyrrhiza Glabra Co., Ltd
- Mafco Worldwide LLC
- F&C Licorice Ltd
- C.E. Roeper GmbH
Feedstocks for Licorice Extract
Licorice extract is an organic extract obtained by using the roots of Glycyrrhiza glabra as its primary feedstock. The procurement of licorice extract and its feedstock is mainly dependent upon different factors, such as its manufacturing cost, market prices, harvesting cost (for Glycyrrhiza glabra roots), logistics and transportation activities, and more. Additionally, other factors including its demand in the downstream industries (including pharmaceutical, food, and beverages industries), trading activities, its demand in specific regions (such as Greece, Iran, Iraq, and Turkey, etc.), economic and governmental policies along with supply chain stability altogether play a vital role in governing its procurement process in the global market.
The project economic analysis provided in the report discusses a Germany-based plant:
- Manufacturing Process
- Process Flow
- Material Flow
- Material Balance
- Raw Material and Product's Specifications
- Raw Material Consumption
- Product and Co-Product Generation
- Capital Investment
- Land and Site Cost
- Offsites/Civil Works
- Equipment Cost
- Auxiliary Equipment Cost
- Contingency
- Engineering and Consulting Charges
- Working Capital
- Variable Cost
- Raw Material
- Utilities
- Fixed Cost
- Labor Requirement & Wages
- Overhead Expenses
- Maintenance Charges
- Financing Costs
- Interest on Working Capital
- Interest on Loans
- Depreciation Charges
- General Sales and Admin Costs
- Production Cost Summary
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- Executive Summary
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- Variable Cost Breakdown
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- Delivery Format
- Executive Summary
- Key Process Information
- Variable Cost Breakdown
- Conversion Cost Analysis
- Capital Investment Analysis
- Land and Site Cost Details
- Construction Cost Breakdown
- Equipment Cost Breakdown
- Techno-Economic Parameters
- Delivery Format
- Executive Summary
- Key Process Information
- Variable Cost Breakdown
- Conversion Cost Analysis
- Capital Investment Analysis
- Land and Site Cost Details
- Construction Cost Breakdown
- Equipment Cost Breakdown
- Techno-Economic Parameters
- Delivery Format
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