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LICORICE. Licorice root contains a substance called glycyrrhizin that is 50 times sweeter than ordinary sugar. Spain is the largest producer of licorice. 90% of the licorice used as a flavoring is used to flavor tobacco. Licorice candy contains small amounts of licorice, but the main flavor ingredient of licorice candy is anise. Carbenoxolone, a compound derived from licorice root, has been used to help healing of peptic ulcers.
Overview. The licorice plant has been used for many centuries for flavoring and medicinal purposes. According to the website Medicinal Herb Info, the licorice plant was first discovered in Asia and is also known as Gan cao, sweet licorice and sweet wood. It is not cultivated worldwide. The plant's root may be dried out and made into a powder to be used in tablets, tea, liquid extracts and capsules.