Liquorice Shellac Market Size Worth US$ 2.4 Billion during 2024-2032, With a CAGR of 4.55%

The IMARC Group's latest research report, titled "Liquorice Shellac Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," offers a comprehensive analysis of the industry, which comprises insights on the liquorice shellac market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global liquorice shellac market size reached US$ 1.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.55% during 2024-2032.

Liquorice Shellac Market Overview:

Liquorice shellac is a specialized confectionery glaze derived from shellac, a natural resin secreted by the lac bug and flavored with licorice, known for its distinctive sweet and bitter taste. The manufacturing process involves harvesting the shellac from the trees where the lac bugs deposit their resin, followed by purification and treatment to produce a food-grade shellac.

This product comes in various types, tailored to different uses in the food industry, primarily based on the desired glossiness and adherence properties. Liquorice shellac is significant due to its dual role in enhancing the appearance and flavor of food products, making it a preferred choice for confectionery items such as candies, pills, and fruits.

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Liquorice Shellac Market Trends:

The global market is primarily driven by the increasing consumer demand for natural and health-beneficial products. Additionally, the growing inclination towards organic and natural food products further propels the demand for these products in the market. Moreover, the flourishing pharmaceutical industry's need for natural, safe, and effective coating agents for pills and supplements has bolstered market growth.

Furthermore, continuous innovation and the quest for natural ingredients in the food industry are boosting its usage as a flavor enhancer, and natural preservatives are contributing to market growth. In line with this, the rapid expansion of global markets, especially in emerging economies with growing middle-class populations and increased spending power, is fueling market demand.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/liquorice-shellac-market

Competitive Landscape with Key Players:

• M/S. D. Manoharlal Pvt
• Mantrose UK Limited (RPM International Inc)
• Temuss Products Canada Limited

Key Market Segmentation:

Type Insights:

• Hot Filtration
• Solvent Method

Application Insights:

• Food Industry
• Pharmaceuticals
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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