Global Liquorice Shellac Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Hot Filtration and Solvent Method

By Application;

Food Industry, Pharmaceuticals, and Other

By Distribution Channel;

Offline and Online

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn029311630 Published Date: May, 2025 Updated Date: June, 2025

Liquorice Shellac Market Overview

Liquorice Shellac Market (USD Million)

Liquorice Shellac Market was valued at USD 1,877.76 million in the year 2024. The size of this market is expected to increase to USD 2,572.53 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.6%.


Global Liquorice Shellac Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 4.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.6 %
Market Size (2024)USD 1,877.76 Million
Market Size (2031)USD 2,572.53 Million
Market ConcentrationHigh
Report Pages395
1,877.76
2024
2,572.53
2031

Major Players

  • Excom Europe Ltd.
  • Licorice extract Co., Ltd.
  • Ferrotex Ltd.
  • Ana International
  • S.D. Pharmaceuticals
  • Tawheed Usmani Production Co., Ltd

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Liquorice Shellac Market

Fragmented - Highly competitive market without dominant players


The liquorice shellac market is experiencing notable growth, fueled by rising interest in natural, non-toxic coating solutions. Known for its glossy, protective finish, liquorice shellac is widely adopted in food, pharmaceutical, and confectionery applications. Over 50% of product developers are shifting toward natural shellac-based coatings to meet consumer demand for clean-label formulations.

Widespread Use in Pharmaceutical Coatings
Pharmaceutical companies are increasingly using liquorice shellac for its protective and moisture-resistant properties. Around 40% of oral drug formulations now incorporate shellac coatings to support controlled release and enhance product longevity. Its compatibility with active pharmaceutical ingredients makes it ideal for modern drug delivery systems.

Sustainable and Eco-Conscious Ingredient
The biodegradable profile of liquorice shellac aligns with the global movement toward sustainability. More than 45% of companies seeking to enhance their eco-friendly credentials are incorporating shellac into their product lines. This sustainable positioning also supports regulatory compliance and consumer trust.

Technological Improvements Driving Adoption
Recent technological advancements in extraction and purification have enhanced the effectiveness of liquorice shellac. These innovations have led to a 30% boost in product stability and application ease, making it more attractive to industries seeking consistent, high-performance coating agents.

  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 Distribution Channel
    4. Market Snapshot, By Region
  4. Liquorice Shellac Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing demand in confectionery and coatings
        2. Increased use in pharmaceutical tablet finishes
        3. Rising interest in natural food additives
        4. Expansion in plant-based food preservation
      2. Restraints
        1. Limited availability of high-quality raw liquoric
        2. Fluctuating production due to climate variability
        3. Regulatory concerns over natural resin additives
        4. Niche application limiting large-scale adoption
      3. Opportunities
        1. Innovation in edible coatings and sealants
        2. Expansion in herbal medicine and supplements
        3. Growth in eco-friendly packaging solutions
        4. Diversification into cosmetics and personal care
    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. Liquorice Shellac Market, By Product, 2021 - 2031 (USD Million)
      1. Hot Filtration
      2. Solvent Method
    2. Liquorice Shellac Market, By Application, 2021 - 2031 (USD Million)
      1. Food Industry
      2. Pharmaceuticals
      3. Other
    3. Liquorice Shellac Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Offline
      2. Online
    4. Liquorice Shellac Market, By Geography, 2021 - 2031 (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(Association of South East Asian Countries)
        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. Purity Shellac International Pvt. Ltd.
      2. Licorice Extract Co. Ltd.
      3. D. Manoharlal (Shellac) Pvt. Ltd.
      4. Vishnu Shellac Factory
      5. Ferrotex Ltd.
      6. Stroever GmbH & Co. KG
      7. Excom Europe Ltd.
      8. Tawheed Usmani Production Co. Ltd.
      9. Symrise AG
      10. Givaudan SA
      11. Analyst Views
  7. Future Outlook of the Market