Entropic cosmology provides a concrete physical understanding of the late accelerated expansion of the universe. The acceleration appears to be a consequence of entropy associated with information storage in the universe. Therefore, the assumption of an ad-hoc dark energy is not necessary. In this paper, we investigate the implications of a multicomponent model (radiation and non-relativistic matter) that includes a subdominant power-law term within a thermodynamically admissible model. We use a generic power-law entropy and the temperature of the universe horizon results from the requirement that the Legendre structure of thermodynamics is preserved. We analyse the behaviour for different combinations of the parameters and compare them with other cosmological models, the observed redshift dependencies of the Hubble parameter H and the luminosity distance data obtained from supernovae. This is an early attempt to analyse a multicomponent entropic cosmological model. Furthermore, the analysis is based on a entropy scaling with an arbitrary power of the Hubble radius instead of a specific entropy. This allows us to simultaneously infer different models, compare them and conserve the scaling exponent as a parameter that can be fitted with the observational data, thus providing information about the form of the actual cosmological entropy and temperature. We show that the introduced correction term is able to explain different acceleration and deceleration periods in the late-time universe by solving the model numerically. We discuss the advantages and disadvantages of entropic models compared to mainstream cosmology.