| Product Code: ETC13132395 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Liquorice Shellac Market was valued at USD 0.42 Billion in 2024 and is expected to reach USD 0.6 Billion by 2031, growing at a compound annual growth rate of 5.20% during the forecast period (2025-2031).
The Global Liquorice Shellac Market is witnessing steady growth driven by the increasing demand for natural and organic ingredients in various industries such as food and beverage, pharmaceuticals, and cosmetics. Liquorice shellac, derived from the resin of the liquorice plant, is valued for its versatile properties such as film-forming, coating, and binding capabilities. It is widely used as a glazing agent in confectionery products, a coating agent in pharmaceutical pills, and a natural ingredient in cosmetics. The market is also benefiting from the rising consumer preference for clean-label products and the growing awareness regarding the health benefits of liquorice shellac. Key players in the industry are focusing on product innovation and expanding their distribution networks to capitalize on the increasing market opportunities globally.
The Global Liquorice Shellac Market is witnessing a growing demand due to its versatile applications in the food and beverage industry as a natural food glaze and coating agent. One of the key trends in the market is the increasing popularity of clean label products, which has led to a higher adoption of liquorice shellac as a natural alternative to synthetic additives. The market also presents opportunities for manufacturers to expand their product portfolios by introducing innovative formulations of liquorice shellac to cater to the evolving consumer preferences for clean-label and organic products. Additionally, the rising awareness about the health benefits of liquorice shellac, such as its antimicrobial and antioxidant properties, is expected to further drive market growth in the forecast period.
In the Global Liquorice Shellac Market, challenges primarily revolve around sustainability concerns, fluctuating raw material prices, and regulatory issues. With increasing focus on sustainable sourcing practices, liquorice shellac manufacturers are facing pressure to ensure ethical and environmentally friendly production methods. Additionally, the volatile nature of raw material prices, particularly liquorice extract, poses a challenge in maintaining stable production costs and pricing strategies. Moreover, navigating through complex regulatory frameworks across different regions, which often have varying standards and requirements for liquorice shellac products, adds another layer of complexity for market players. Overall, addressing these challenges will be crucial for the sustainable growth and competitiveness of the Global Liquorice Shellac Market.
The Global Liquorice Shellac Market is primarily driven by the increasing demand for natural and organic ingredients in the food and beverage industry. Liquorice shellac, a natural glaze derived from the resin of the liquorice plant, is sought after for its unique properties like high gloss, moisture resistance, and protective coating. As consumers are becoming more health-conscious and looking for cleaner label products, the demand for liquorice shellac as a natural food glaze and coating agent is on the rise. Additionally, the expanding applications of liquorice shellac in pharmaceuticals, cosmetics, and nutraceuticals further contribute to its market growth. The growing awareness about the benefits of liquorice shellac, coupled with its sustainable sourcing and eco-friendly characteristics, are key factors driving the market`s expansion.
Government policies related to the Global Liquorice Shellac Market vary by country. In general, regulations focus on quality standards, labeling requirements, and trade restrictions to ensure consumer safety and fair competition. For example, the Food and Drug Administration (FDA) in the United States sets standards for liquorice shellac used in food products. Additionally, import and export regulations may impact the liquorice shellac market, with some countries imposing tariffs or quotas on its trade. Environmental regulations also play a role, as sustainable sourcing and production practices are increasingly emphasized by governments worldwide. Overall, government policies aim to balance industry growth with consumer protection and environmental sustainability in the Global Liquorice Shellac Market.
The Global Liquorice Shellac Market is expected to witness steady growth in the coming years, driven by increasing demand for natural and clean label ingredients in food and beverage products. Liquorice shellac, derived from the roots of the liquorice plant, is a natural food glaze and coating agent that is gaining popularity as a sustainable alternative to synthetic shellacs. With consumers becoming more conscious of their food choices and seeking out healthier and natural options, the demand for liquorice shellac is likely to rise. Additionally, the expanding food and beverage industry, particularly in emerging economies, is expected to further propel market growth. However, challenges such as fluctuating raw material prices and regulatory constraints may impact market dynamics, requiring industry players to innovate and adapt to changing market conditions.
In the Global Liquorice Shellac Market, Asia holds a significant share due to the presence of major liquorice producers such as China and India. The growing demand for natural and organic ingredients in food and pharmaceutical industries is driving the market growth in Asia. North America and Europe are also key regions in the liquorice shellac market, driven by the expanding food and beverage sector and increasing consumer preference for clean label products. The Middle East and Africa region is witnessing steady growth in the liquorice shellac market, fueled by rising disposable incomes and changing consumer preferences towards natural ingredients. Latin America is emerging as a potential market for liquorice shellac, supported by the growing food processing industry and increasing awareness about the health benefits of liquorice extract.
Global Liquorice Shellac Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Liquorice Shellac Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Liquorice Shellac Market Revenues & Volume, 2021 & 2031F |
3.3 Global Liquorice Shellac Market - Industry Life Cycle |
3.4 Global Liquorice Shellac Market - Porter's Five Forces |
3.5 Global Liquorice Shellac Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Liquorice Shellac Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Liquorice Shellac Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Liquorice Shellac Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Liquorice Shellac Market Trends |
6 Global Liquorice Shellac Market, 2021 - 2031 |
6.1 Global Liquorice Shellac Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Liquorice Shellac Market, Revenues & Volume, By Hot Filtration, 2021 - 2031 |
6.1.3 Global Liquorice Shellac Market, Revenues & Volume, By Solvent Method, 2021 - 2031 |
6.2 Global Liquorice Shellac Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Liquorice Shellac Market, Revenues & Volume, By Food Industry, 2021 - 2031 |
6.2.3 Global Liquorice Shellac Market, Revenues & Volume, By Pharmaceuticals, 2021 - 2031 |
6.2.4 Global Liquorice Shellac Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Liquorice Shellac Market, Overview & Analysis |
7.1 North America Liquorice Shellac Market Revenues & Volume, 2021 - 2031 |
7.2 North America Liquorice Shellac Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Liquorice Shellac Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Liquorice Shellac Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Liquorice Shellac Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Liquorice Shellac Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Liquorice Shellac Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Liquorice Shellac Market, Overview & Analysis |
8.1 Latin America (LATAM) Liquorice Shellac Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Liquorice Shellac Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Liquorice Shellac Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Liquorice Shellac Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Liquorice Shellac Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Liquorice Shellac Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Liquorice Shellac Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Liquorice Shellac Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Liquorice Shellac Market, Overview & Analysis |
9.1 Asia Liquorice Shellac Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Liquorice Shellac Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Liquorice Shellac Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Liquorice Shellac Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Liquorice Shellac Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Liquorice Shellac Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Liquorice Shellac Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Liquorice Shellac Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Liquorice Shellac Market, Overview & Analysis |
10.1 Africa Liquorice Shellac Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Liquorice Shellac Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Liquorice Shellac Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Liquorice Shellac Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Liquorice Shellac Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Liquorice Shellac Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Liquorice Shellac Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Liquorice Shellac Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Liquorice Shellac Market, Overview & Analysis |
11.1 Europe Liquorice Shellac Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Liquorice Shellac Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Liquorice Shellac Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Liquorice Shellac Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Liquorice Shellac Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Liquorice Shellac Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Liquorice Shellac Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Liquorice Shellac Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Liquorice Shellac Market, Overview & Analysis |
12.1 Middle East Liquorice Shellac Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Liquorice Shellac Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Liquorice Shellac Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Liquorice Shellac Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Liquorice Shellac Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Liquorice Shellac Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Liquorice Shellac Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Liquorice Shellac Market Key Performance Indicators |
14 Global Liquorice Shellac Market - Export/Import By Countries Assessment |
15 Global Liquorice Shellac Market - Opportunity Assessment |
15.1 Global Liquorice Shellac Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Liquorice Shellac Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Liquorice Shellac Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Liquorice Shellac Market - Competitive Landscape |
16.1 Global Liquorice Shellac Market Revenue Share, By Companies, 2024 |
16.2 Global Liquorice Shellac Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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