Liquorice Shellac Market to Grow with a CAGR of 4.8% Globally through 2029

The liquorice shellac market is growing due to its increasing use in the food, pharmaceuticals, and cosmetics industries for its natural coating, preservative properties, and versatility in various applications.

According to TechSci Research report, “Liquorice Shellac Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, The Global Liquorice Shellac Market was valued at USD 418.5 Million in 2023 and is expected to reach USD 552.2 Million by 2029 with a CAGR of 4.8% during the forecast period. The global liquorice shellac market is experiencing significant growth due to its wide-ranging applications across industries such as food, pharmaceuticals, and cosmetics. Liquorice shellac is a natural resin derived from the secretions of the Laccifer lacca insect, which feeds on specific host trees in tropical and subtropical regions. This versatile and eco-friendly product is used primarily as a glazing agent, coating, and binder in several industries. As consumers increasingly demand natural and sustainable products, the liquorice shellac market is benefiting from a rise in preference for plant-based and biodegradable alternatives to synthetic chemicals. The market is primarily driven by the growing food and beverage sector, where it is used as a coating for confectioneries, candies, and fruits, and the pharmaceutical industry, where it is used for tablet coatings and as a binder. Additionally, the cosmetics sector also contributes to the market demand for liquorice shellac due to its ability to create a glossy finish and provide skin benefits.

The demand for liquorice shellac in the food and beverage industry has seen significant growth in recent years, and this trend is expected to continue in the coming years. Liquorice shellac is predominantly used as a glazing agent for confectioneries such as candies, chocolates, and gum, as well as for glazing fruits and nuts. With the increasing preference for clean-label, natural ingredients in food products, consumers are moving away from synthetic chemicals and additives. This shift has led to an upsurge in the adoption of liquorice shellac, as it is a natural and non-toxic alternative to synthetic glazing agents. The growing trend of healthy, organic, and natural foods has further propelled the use of liquorice shellac as an ideal ingredient. Additionally, the increasing consumption of packaged food and snacks is also contributing to the rising demand for liquorice shellac in the food sector. As the food industry continues to focus on healthier, natural, and more sustainable options, the role of liquorice shellac as a key ingredient is expected to grow significantly.

While the liquorice shellac market is poised for growth, it also faces several challenges. One of the main challenges is the inconsistent supply of raw materials. The production of lac, the base material for liquorice shellac, is highly dependent on the availability of specific host trees and favorable climatic conditions. Any disruption in the production of lac, such as unfavorable weather conditions or pest attacks on the trees, can lead to fluctuations in the availability and price of raw materials. This inconsistency can impact the overall supply chain of liquorice shellac, causing potential delays in production and affecting the market. Additionally, environmental concerns regarding the sustainability of lac farming practices have been raised, particularly in regions where deforestation and over-exploitation of natural resources are common. Ensuring sustainable production methods and responsible sourcing of lac is crucial to maintaining the growth of the liquorice shellac market.

The global liquorice shellac market is poised for continued growth due to the increasing consumer demand for natural, sustainable products and the expansion of end-use industries. As consumers become more aware of the environmental and health benefits of using natural alternatives, the preference for liquorice shellac is expected to rise. Furthermore, advancements in processing technologies and improvements in lac farming practices can help mitigate supply chain challenges and ensure a consistent and sustainable supply of raw materials. The market's growth is further supported by the expanding food, pharmaceutical, and cosmetics industries, which are actively seeking eco-friendly alternatives to synthetic chemicals. With strong demand across these sectors, the global liquorice shellac market is expected to continue expanding, driven by sustainability trends, increasing consumer awareness, and the growing need for natural ingredients in various applications. In conclusion, the global liquorice shellac market is positioned for substantial growth in the coming years, with Asia-Pacific continuing to dominate the market due to its production capabilities and raw material availability. As demand for natural, sustainable products increases, liquorice shellac's use across the food, pharmaceutical, and cosmetics industries will continue to expand. The market's growth will be supported by favorable trends, such as the rising popularity of clean-label products, the need for natural coatings, and the increasing focus on eco-friendly solutions in various sectors. However, challenges related to raw material availability, competition from synthetic alternatives, and regulatory hurdles will require attention to ensure the continued success of the market.

Browse over XX market data Figures spread through 185 Pages and an in-depth TOC on "Global Liquorice Shellac Market”

The global Liquorice Shellac market is segmented into type, application, and region.

Based on Application, The pharmaceutical sector is the fastest-growing application segment in the global liquorice shellac market. Liquorice shellac is widely used in the pharmaceutical industry, particularly for coating tablets and capsules. Its natural, non-toxic, and biodegradable properties make it an ideal choice for pharmaceutical applications, where safety and consumer preference for natural ingredients are paramount. Liquorice shellac helps protect the tablets from moisture, enhances their shelf life, and ensures controlled release of active ingredients, contributing to improved product quality. Additionally, its use as a binder in tablet formulations further drives its demand in the pharmaceutical sector. As the global healthcare market continues to expand, especially with the increasing focus on natural and sustainable products, the pharmaceutical application of liquorice shellac is expected to grow rapidly, reinforcing its market dominance in the coming years.

Based on region, North America is the fastest-growing region in the global liquorice shellac market. This growth is driven by the increasing demand for natural and sustainable products across various industries, particularly in pharmaceuticals, food, and cosmetics. In North America, the preference for clean-label, non-toxic ingredients is rising, leading to an increased adoption of liquorice shellac as a glazing agent in food products and as a coating material in pharmaceutical tablets and capsules. Additionally, the cosmetics industry is turning to liquorice shellac for its ability to provide a glossy finish and its eco-friendly nature. As consumer awareness of health, safety, and sustainability continues to grow, the demand for natural alternatives like liquorice shellac is expected to surge in North America. This trend positions the region as a key player in the global liquorice shellac market. 

Major companies operating in global Liquorice Shellac market are:

• M/S. D. Manoharlal Pvt Ltd
• Mantrose UK Ltd
• Temus Pte Ltd.
• Sunresin New Materials Co.Ltd.
• A.F. Suter & Company Ltd.
• F&C Licorice Group
• Sepidan Osareh Jonoob Co.
• Mafco Worldwide LLC
• Maruzen Pharmaceuticals Co., Ltd.
• Nutra Green Biotechnology Co.,Ltd

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“The liquorice shellac market is experiencing robust growth driven by a surge in demand for natural and sustainable ingredients across diverse industries. Factors such as the rising popularity of liquorice shellac in the food, pharmaceutical, and cosmetic sectors, coupled with its unique properties, contribute to market expansion. Increased awareness among consumers regarding clean label products further fuels the growth. The dominant presence of licorice-producing regions, particularly in Asia-Pacific, plays a pivotal role, fostering a resilient supply chain. As technological innovations continue and market penetration strategies unfold, the liquorice shellac market is poised for sustained and significant growth”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Liquorice Shellac Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Bleached Shellac, Dewaxed Shellac, Refined Shellac), By Application (Food, Pharmaceuticals, Industrial, Others), By Region & Competition, 2019-2029F", has evaluated the future growth potential of global Liquorice Shellac market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Liquorice Shellac market.

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