Global Shellac Powder Market Size, Share, and COVID-19 Impact Analysis, By Type (Wax Containing Shellac, Bleached Shellac, Dewaxed Shellac, and Others), By Application (Fruit Coating, Cosmetics, Pharmaceuticals, Paints & Varnishes, Textile, Industrial, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Global Shellac Powder Market Insights Forecasts to 2033

• The Global Shellac Powder Market Size was estimated at USD 705.8 Million in 2023
• The Global Shellac Powder Market Size is Expected to Grow at a CAGR of around 7.26% from 2023 to 2033
• The Worldwide Shellac Powder Market Size is Expected to Reach USD 1422.4 Million by 2033
• North America is Expected to Grow the Fastest during the Forecast period.

The Global Shellac Powder Market Size is expected to cross USD 1422.4 Million by 2033, growing at a CAGR of 7.26% from 2023 to 2033. The growing demand for natural components in food and drink, medications, and personal care items is one of the factors driving the shellac powder market's expansion. These industries have seen a sharp increase in the use of shellac powder.  

Market Overview  

The industry and market niche that deals with the manufacture, sale, and use of shellac powder is known as the "shellac powder market." Shellac powder is a finely ground resin that is secreted by the lac bug, Laccifer lacca, and is used in a variety of commercial and industrial settings. Manufacturers, distributors, suppliers, and end consumers are all part of the shellac powder market. It is affected by several variables, including the supply of raw lac from insect farms, the demand in different sectors, improvements in extraction technology, and legal requirements. The market for shellac powder is expanding as a result of its numerous uses in a variety of sectors, including industrial manufacturing, food, medicines, and cosmetics.  Shellac powder's expanding market is supported by its increased use in the pharmaceutical industry as a binding and coating agent for tablets and capsules. The need for eco-friendly raw materials and their applications in the food, pharmaceutical, cosmetic, and industrial sectors is driving the growth of the shellac powder market.      

Report Coverage

This research report categorizes the shellac powder market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the shellac powder market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the shellac powder market.  

Driving Factors

A recent development in the personal care and cosmetics sectors is the use of sustainable and natural components. Shellac powder is therefore quickly emerging as one of the major factors driving the market's expansion. Shellac powder's growing applications in the food and beverage industry such as edible coatings, gloss enhancers, and clarifying agents as well as the growing desire for natural, clean-label ingredients will serve as powerful catalysts for the market's growth. Several factors, including the increased need for refined coatings in the food and beverage industry, consumer preference for natural ingredients, and its use in pharmaceutical and industrial applications, are contributing to the expansion of shellac powder market.   

Restraining Factors

The market for shellac powder is restricted by a number of problems, such as a shortage of raw materials, varying populations of lac insects, environmental concerns about insect rearing, high production costs, and competition from synthetic substitutes.   

Market Segmentation

The shellac powder market share is classified into type and application.      

• The dewaxed shellac segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the type, the shellac powder market is divided into wax containing shellac, bleached shellac, dewaxed shellac, and others. Among these, the dewaxed shellac segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Dewaxed shellac provides better clarity and performance, it is widely used in sectors including food, medicine, and cosmetics, making it a highly valued option. 

• The cosmetics segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the application, the shellac powder market is divided into fruit coating, cosmetics, pharmaceuticals, paints & varnishes, textile, industrial, and others. Among these, the cosmetics segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The primary motivation for the rise in demand for shellac in cosmetics is its natural and glossy finish, which makes it popular in nail polish and other personal care products.  

Regional Segment Analysis of the Shellac Powder Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the shellac powder market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the shellac powder market over the predicted timeframe. India is the biggest market for shellac powders in the Asia-Pacific area due to the country's promotion of its vast population, substantial exports in addition to the traditional remedies made with shellac, and, lastly, local availability. The Asia Pacific region alone accounts for over 51.4% of the world's shellac powder production, demonstrating the significant influence of regional dynamics. Due to high production costs and limited local supplies, its growth is more constricted than that of Asia-Pacific. 

North America is expected to grow at the fastest CAGR growth of the shellac powder market during the forecast period. Growth in North America has been driven by consumer demand for sustainable and natural food and cosmetics products. The growing use of lasers in a variety of fields, including industrial, medical, aerospace and defense, and others, has an impact on the North American shellac market. The United States' rapid expansion of infrastructure and dominance over other nations made it one of the most technologically advanced nations in the region.  

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the shellac powder market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Unilong Industry Co., Ltd
• The Mantrose-Haeuser Co., Inc.
• Agarwal Shellac
• Chuxiong DES Shellac Co., Ltd
• Creasia Mill Co., Ltd
• A.F. Suter & Company Ltd
• Gifu Shellac Manufacturing Co., Ltd
• D. Manoharlal (Shellac) Pvt. Ltd
• Northern Siam Seed Lac Co., Ltd
• Jagadamba Lac Factory
• Others  

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In August 2024, CNDTM is pleased to announced Dynamic Duality, their autumn 2024 collection, which combines technology and tradition with six new shades and vivid finishes. Available in CND™ VINYLUX™ Long Wear Polish and CND™ SHELLAC™ Gel Polish, Dynamic Duality's somber color scheme goes well with the fall season and produces a stunning contrast in countless nail patterns.  

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the shellac powder market based on the below-mentioned segments: 

Global Shellac Powder Market, By Type  

• Wax Containing Shellac
• Bleached Shellac
• Dewaxed Shellac
• Others

Global Shellac Powder Market, By Application

• Fruit Coating
• Cosmetics
• Pharmaceuticals
• Paints & Varnishes
• Textile
• Industrial
• Others

Global Shellac Powder Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa