Global Liquorice Shellac Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product;

Hot Filtration and Solvent Method.

By Application;

Food Industry, Pharmaceuticals and Other.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn029311630 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Liquorice Shellac Market (USD Million), 2020 - 2030

In the year 2023, the Global Liquorice Shellac Market was valued at USD 1,795.18 million. The size of this market is expected to increase to USD 2,459.40 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 4.6%.

The global liquorice shellac market is a niche yet significant segment within the broader natural products and food additives industry. Liquorice, derived from the root of the Glycyrrhiza plant, is well-known for its sweet flavor and therapeutic properties, while shellac, a resin secreted by the female lac bug, is valued for its use as a natural glaze and protective coating. The combination of these two natural substances has found diverse applications, particularly in the food, pharmaceutical, and cosmetic industries. The unique properties of liquorice shellac, such as its ability to act as a flavor enhancer, coating agent, and preservative, drive its demand across various sectors.

In the food industry, liquorice shellac is primarily used as a coating for confectionery products, fruits, and nuts, enhancing their appearance and extending shelf life by providing a glossy finish and protective barrier. Its natural origin and safety profile make it a preferred choice over synthetic alternatives, aligning with the growing consumer demand for clean label and natural ingredients. In the pharmaceutical sector, liquorice shellac serves as an excipient in tablet formulations, providing a natural coating that ensures the stability and controlled release of active ingredients.

The cosmetics industry also benefits from the properties of liquorice shellac, utilizing it in formulations for products such as lipsticks, mascaras, and nail polishes. Its film-forming ability and natural shine contribute to the aesthetic and functional qualities of these products. The market for liquorice shellac spans regions including North America, Europe, Asia Pacific, and others, with varying levels of adoption driven by local regulatory frameworks and consumer preferences. The continuous exploration of new applications and advancements in processing technologies are expected to further propel the growth of the global liquorice shellac market in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Liquorice Shellac Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Natural Ingredients
        2. Flavor Enhancement
        3. Shelf Stability
      2. Restraints
        1. Limited supply
        2. High cost
        3. Regulatory hurdles
      3. Opportunities
        1. Natural Ingredients
        2. Clean Label
        3. Sustainable Sourcing
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Liquorice Shellac Market, By Product, 2020 - 2030 (USD Million)
      1. Hot Filtration
      2. Solvent Method
    2. Global Liquorice Shellac Market, By Application, 2020 - 2030 (USD Million)
      1. Food Industry
      2. Pharmaceuticals
      3. Other
    3. Global Liquorice Shellac Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Excom Europe Ltd.
      2. Licorice extract Co., Ltd.
      3. Ferrotex Ltd.
      4. Ana International
      5. S.D. Pharmaceuticals
      6. Tawheed Usmani Production Co., Ltd
  7. Analyst Views
  8. Future Outlook of the Market