Licorice Extract Production from Glycyrrhiza glabra
Production Cost Report | Flavours and Fragrances
Details: Germany - based plant Q2 2024 | From $ USD
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
Report Content
Key Process Information
Evaluation of significant technical parameters along with process descriptions such as:
- Consumption of Raw Material
- Product Creation
- Block Flow Diagram
- Description of the Manufacturing Facility
Utilities Consumption
Evaluation of utilities consumed during the entire process based on:
- Consumption per unit of product generated
- Utility cost split and share of each utility in the total cost
Process Flow Diagram
Representation of various operations involved including:
- Step-wise process
- Utility consumption in each operation
Capital Cost Analysis
In-depth analysis of costs involved in setting up a new manufacturing unit, including:
- Cost of Building a Process Unit
- Cost of Setting Up the Infrastructure
- Working Capital
- Commissioning & Start-Up of the Plant
Implementation Schedule
Time frame of the project design, which includes:
- Plant Start-Up
- Plant Construction
- Engineering Fundamentals
- Raw Material Procurement
Construction Cost Details
Detailed analysis of costs involved in the operation of various functional units in the process unit and infrastructure.
Operating Cost Analysis
Evaluation of costs associated with the production of the final product, namely:
- Procurement of Raw Materials
- Consumption of Utilities
- Fixed Costs
- Depreciation
Economic Analysis
Analysis of the way in which process economics are impacted by plant capacity.
- Construction Cost
- Working Capital
- Fixed and Variable Operating Costs
- Corporate Overhead
- Depreciation
Customized Analyses
Detailed cost estimates of any industrial plant depending on your requirements, including plant capacity and location as per the need.
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