+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free

Liquorice Shellac Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Pre Book Price: $ 5216

Original Price: $ 5795

Liquorice shellac is an extract of liquorice plant mostly used in the manufacturing of candies and pharmaceutical products. The global liquorice shellac market is expected to have significant growth rate, attributed to growing food and pharmaceutical industry and high demand for liquorice shellac in the confection. Asia-Pacific except Japan has substantial growth in the global liquorice shellac market, owing to rising demand in dietary supplements and increasing investment in the food industry.

Global Liquorice Shellac Market Dynamics:

The growth of the global liquorice shellac market is driven by growing demand for processed food, rising use of prebiotics in animal feed, and growing demand for the confectionary product. Macroeconomic factors such as growing economy, increasing per capita income, growing young population changing consumer lifestyle, the rapid rate of urbanization, and employment rate driving the global liquorice shellac market. However, factors such as shortage of liquorice and increasing price of liquorice are expected to restrain the liquorice shellac market over the forecast period. High investment costs and product pricing may act as a challenge to new participants in the market. Increasing R&D with an aim of application development is expected to provide market participants with opportunities over the forecast period. Factors trending the global liquorice shellac market include the merger and acquisition among the liquorice shellac manufacturers and end-use industries and high demand for nutraceutical across the globe. The company operates in the liquorice shellac market have significantly high opportunity in regions such as Asia-Pacific, Middle East & Africa, and Latin America attributed to the significantly growing economy.

Global Liquorice Shellac Market Segmentation:

The global liquorice shellac market is segmented on the basis of application, end-use, and region. On the basis of application, the global liquorice shellac market is segmented as confectionary, processed food, and medical application. Medical application is further segmented as antimicrobial, antiviral, hepatoprotective, anti-inflammatory, and others. Among application segment, the confectionary segment is expected to have a substantial growth rate in liquorice shellac market, owing to rapidly growing young population across many regions of the globe. On the basis of end-use, the global liquorice shellac market is segmented as the food industry, pharmaceutical industry, and others, wherein food industry segment have significant revenue share and is expected to have substantial growth rate, owing to high demand for confectionaries by young population across the globe.

Based on application, the global liquorice shellac market is segmented into:

  • Confectionary
  • Processed Food
  • Medical Application
    • Antimicrobial
    • Antiviral
    • Hepatoprotective
    • Anti-inflammatory
    • Others

Based on end-use, the global liquorice shellac market is segmented into:

  • Food Industry
  • Pharmaceuticals
  • Others

Global Liquorice Shellac Market Regional Outlook:

Based on the geographies, the global liquorice shellac market is fragmented into seven regions -- North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific except Japan, Japan, and the Middle East & Africa. Among the regions, Asia-Pacific except Japan account for a relatively high value and volume share of the liquorice shellac market, attributed rapidly growing young population across the region. The North America region also accounts for the significant value share in the global liquorice shellac market with substantial growth rate, owing to the rapidly changing lifestyle of the consumers and predominance of lifestyle diseases across the region. Eastern Europe and Japan accounts for moderate value share in the global liquorice shellac market. The developing economy such as Middle East Africa and Latin America have a substantial growth in the global liquorice shellac market. Overall, the outlook for the global liquorice shellac market will have a positive growth over the forecast period, growing confectionary industry being counterfeiting factors.

Global Liquorice Shellac Market Player:

Few players in the global liquorice shellac market include Licorice extract Co., Ltd., Excom Europe Ltd., Ana International, Ferrotex Ltd., Tawheed Usmani Production Co., Ltd., and S.D. Pharmaceuticals.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market      

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 


Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.


To receive discount, please click on the button below.

Please click on the button below to customize this report.

 
 
Back To Top