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市场调查报告书
商品编码
1970920

甘草虫胶市场 - 全球产业规模、份额、趋势、机会、预测：按类型、应用、地区和竞争对手划分，2021-2031年

Liquorice Shellac Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type, By Application, By Region & Competition, 2021-2031F
出版日期: | 出版商: TechSci Research | 英文 180 Pages | 商品交期: 2-3个工作天内

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简介目录

全球甘草虫胶市场预计将从 2025 年的 4.5422 亿美元成长到 2031 年的 6.1288 亿美元，复合年增长率为 5.12%。

甘草虫胶是一种独特的天然树脂衍生物，广泛用于糖果甜点业，用作涂层和整理加工剂。它能赋予甘草糖果甜点高光泽度和较长的保存期限。这个市场成长主要受消费者对洁净标示和植物来源成分日益增长的需求所驱动，加速了製造商从合成石油蜡转向天然替代品的进程。此外，高端糖果甜点产业的持续成长也促进了高品质天然上光剂的应用，确保从手工製品到大量生产的产品都能拥有卓越的视觉效果和质地保持。

市场概览
预测期 2027-2031
市场规模：2025年 4.5422亿美元
市场规模：2031年 612,880,000 美元
复合年增长率：2026-2031年 5.12%
成长最快的细分市场 製药
最大的市场 亚太地区

然而，由于原材料供应不稳定，市场成长面临巨大挑战。这是因为虫胶树脂的种植高度依赖特定的气候条件和寄主树种的供应。供应链的这种脆弱性经常导致价格波动，并给终端用户带来采购困难。印度品牌股权基金会报告称，2024财年虫胶和虫胶树脂产品的出口额达到1.2559亿美元，足以证明这项关键投入的经济规模。此数据凸显了全球甘草虫胶市场所依赖的重要但又不稳定的经济基础。

市场驱动因素

全球糖果甜点和巧克力产业的成长是甘草虫胶市场的主要驱动力。製造商越来越依赖这种天然树脂来实现高品质糖果甜点所需的光泽和防潮性能。对用于保持质地和美观的上光剂的需求正在激增，尤其是在高端糖果甜点消费量不断增长的情况下。这个终端用户产业的规模庞大；根据美国国家糖果甜点协会 (NCA) 于 2024 年 3 月发布的《2024 年糖果甜点产业趋势报告》，2023 年美国糖果甜点总销售额达到 480 亿美元。此外，主要市场参与者的强劲财务状况凸显了可靠原料的重要性。欧洲领导者 Chloetta AB 在 2024 年 3 月发布的《2023 年年度报告和永续发展报告》中揭露，净销售额为 83 亿新元，显示业界对整理加工剂的需求十分旺盛。

同时，消费者对天然、洁净标示食品配料的需求日益增长，对市场产生了显着影响，迫使生产商从合成石油基蜡转向植物来源和昆虫来源的替代品，例如虫胶。这项转变的驱动力在于消费者对配料来源的日益关注，迫使品牌重新设计产品，以满足「纯天然」标籤的要求，同时确保产品的保质期。这种对透明来源的偏好在市场数据中得到了清晰的体现。根据有机贸易协会于2024年5月发布的《2024年有机产业调查报告》，2023年美国有机产品的总销售额达到了创纪录的697亿美元。这一趋势反映了消费者对洁净标示产品的广泛需求，并促使甘草生产商优先考虑虫胶的采购，以在註重健康的市场中保持竞争力。

市场挑战

原料供应的不稳定性是限制全球甘草虫胶市场扩张的主要瓶颈。与透过可控工业製程生产的合成上光剂不同，虫胶是从紫胶虫（Kelia lacca）中提取的天然树脂，其供应本质上依赖环境稳定性。紫胶虫的种植集中在特定的气候带，极易受到极端天气、病虫害以及寄主树木数量减少的影响。这种生物依赖性造成了供应链的不可预测性，产量波动会导致价格突然上涨和供应不稳定，这不仅使糖果甜点製造商的长期库存规划和成本管理变得复杂，而且往往会削弱使用天然原料所带来的高端质感。

因此，由于担心原材料短缺会导致生产计划中断，新参与企业和主要糖果甜点品牌可能对从石化蜡全面过渡到虫胶犹豫不决。原物料价格稳定性无法得到保障，阻碍了市场成长所需的大规模应用。例如，虫胶和林业产品出口促进委员会（SHEFEXIL）报告称，2023-2024财年，包括虫胶生态系统在内的林业产品出口总值达到34.4969亿美元，这凸显了这一依赖自然资源的行业对经济的巨大影响。这一数字表明，大量贸易量面临上游农业和气候风险，威胁全球供应链的可靠性。

市场趋势

目前，膳食补充剂和维生素市场正经历显着扩张。甘草虫胶作为一种天然肠溶包衣和保湿屏障，其价值日益凸显。与它在糖果甜点业的装饰作用不同，在这一领域，其促进草药成分延迟释放和掩盖异味的功能性被充分利用，以满足洁净标示药品递送系统的严格标准。这种多元化发展得益于健康经济的持续稳定。根据责任营养委员会 (CRN) 2024 年 10 月发布的《2024 年消费者调查》，75% 的美国人仍在服用膳食补充剂，这维持了一个庞大的产业基础，而该产业高度依赖天然包衣辅料。

同时，大型糖果甜点製造商积极推行环保法规，透过推广永续和符合道德的采购惯例，推动产业转型。随着全球食品品牌设定严格的脱碳目标，上游虫胶生产商被迫检验其采收方法，并采用低排放加工技术，以维持与跨国公司的合约。这种企业压力的规模在主要终端用户的环保努力中显而易见。玛氏公司在2024年7月发布的《2023年永续发展世代报告》中指出，其整个价值链在2023年实现了温室气体排放创纪录的8%的减排。这标誌着一个变革性的转捩点，原料供应商必须展现出可衡量的环保合规性才能保持竞争力。

目录

第一章概述

第二章：调查方法

第三章执行摘要

第四章：客户心声

第五章：全球甘草虫胶市场展望

  • 市场规模及预测
    • 按金额
  • 市占率及预测
    • 依类型（漂白虫胶、脱蜡虫胶、精製虫胶）
    • 按应用领域（食品、药品、工业、其他）
    • 按地区
    • 按公司（2025 年）
  • 市场地图

第六章：北美甘草虫胶市场展望

  • 市场规模及预测
  • 市占率及预测
  • 北美洲：国别分析
    • 我们
    • 加拿大
    • 墨西哥

第七章：欧洲甘草虫胶市场展望

  • 市场规模及预测
  • 市占率及预测
  • 欧洲：国别分析
    • 德国
    • 法国
    • 英国
    • 义大利
    • 西班牙

第八章：亚太地区甘草虫胶市场展望

  • 市场规模及预测
  • 市占率及预测
  • 亚太地区：国别分析
    • 中国
    • 印度
    • 日本
    • 韩国
    • 澳洲

第九章：中东和非洲甘草虫胶市场展望

  • 市场规模及预测
  • 市占率及预测
  • 中东与非洲：国别分析
    • 沙乌地阿拉伯
    • 阿拉伯聯合大公国
    • 南非

第十章：南美洲甘草虫胶市场展望

  • 市场规模及预测
  • 市占率及预测
  • 南美洲：国别分析
    • 巴西
    • 哥伦比亚
    • 阿根廷

第十一章 市场动态

  • 促进因素
  • 任务

第十二章 市场趋势与发展

  • 併购
  • 产品发布
  • 近期趋势

第十三章：全球甘草虫胶市场：SWOT分析

第十四章：波特五力分析

  • 产业竞争
  • 新进入者的潜力
  • 供应商的议价能力
  • 顾客权力
  • 替代品的威胁

第十五章 竞争格局

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

第十六章 策略建议

第十七章：关于研究公司及免责声明

简介目录
Product Code: 22882

The Global Liquorice Shellac Market is projected to expand from USD 454.22 Million in 2025 to USD 612.88 Million by 2031, reflecting a compound annual growth rate of 5.12%. Liquorice shellac is a specialized natural resin derivative extensively used in the confectionery industry as a glazing and finishing agent, providing liquorice sweets with a high-gloss shine and extended shelf life. The market is largely driven by increasing consumer demand for clean-label and plant-based ingredients, prompting manufacturers to replace synthetic petrochemical waxes with natural alternatives. Additionally, the continued growth of the premium confectionery sector supports the adoption of high-quality natural glazing agents, ensuring superior visual appeal and texture preservation for both artisanal and mass-market products.

Market Overview
Forecast Period2027-2031
Market Size 2025USD 454.22 Million
Market Size 2031USD 612.88 Million
CAGR 2026-20315.12%
Fastest Growing SegmentPharmaceuticals
Largest MarketAsia Pacific

However, market growth faces significant challenges due to the volatility of raw material supply, as lac resin cultivation relies heavily on specific climatic conditions and the availability of host trees. This vulnerability in the supply chain frequently leads to price fluctuations and procurement difficulties for end-users. Highlighting the economic scale of this critical input, the India Brand Equity Foundation reported that exports of shellac and lac-based products were valued at US$ 125.59 million in the fiscal year 2024. This statistic emphasizes the substantial yet variable economic foundation upon which the global liquorice shellac market depends.

Market Driver

The growth of the global confectionery and chocolate industries acts as a primary catalyst for the liquorice shellac market, with manufacturers increasingly relying on this natural resin to deliver the glossy finish and moisture protection essential for high-quality sweets. As sugar confectionery consumption rises, especially in the premium segment, the demand for glazing agents to maintain texture and aesthetic appeal has surged. The scale of this end-use sector is immense; according to the National Confectioners Association's '2024 State of Treating' report from March 2024, total confectionery sales in the United States alone reached $48 billion in 2023. Furthermore, the financial strength of key market players underscores the critical need for reliable raw materials; major European manufacturer Cloetta AB reported net sales of SEK 8.3 billion in their 'Annual and Sustainability Report 2023' released in March 2024, signaling robust industrial requirements for finishing agents.

Simultaneously, the market is significantly influenced by the rising demand for natural and clean-label food ingredients, compelling producers to substitute synthetic petrochemical waxes with plant-derived or insect-derived alternatives like shellac. This shift is driven by heightened consumer awareness regarding ingredient origins, pushing brands to reformulate products to meet "all-natural" claims while ensuring shelf stability. This preference for transparent sourcing is evident in market data; the Organic Trade Association's '2024 Organic Industry Survey' from May 2024 noted that total organic sales in the United States reached a record $69.7 billion in 2023. This trend reflects a broader consumer mandate for clean-label products, encouraging liquorice manufacturers to prioritize shellac procurement to remain competitive in a health-conscious marketplace.

Market Challenge

The volatility of raw material supply represents a critical bottleneck hindering the expansion of the global liquorice shellac market. Unlike synthetic glazing agents produced through controlled industrial processes, shellac is a natural resin harvested from the Kerria lacca insect, making its availability inherently tied to environmental stability. Cultivation is concentrated in specific climatic zones and is vulnerable to erratic weather patterns, pest infestations, and declining host tree populations. This biological dependence creates an unpredictable supply chain where yield variations lead to sudden price spikes and inconsistent procurement, complicating long-term inventory planning and cost management for confectionery manufacturers and often negating the premium appeal of using a natural ingredient.

Consequently, potential market entrants and large-scale confectionery brands may hesitate to fully transition from petrochemical waxes to shellac due to fears that raw material shortages could disrupt production schedules. The inability to guarantee stable feedstock prices discourages the mass adoption necessary for significant market growth. Highlighting the vast economic footprint of this nature-dependent sector, the Shellac and Forest Products Export Promotion Council (SHEFEXIL) reported that the total export value of the forest products basket, which includes the shellac ecosystem, stood at US$ 3,449.69 million in the fiscal year 2023-24. This figure underscores the magnitude of trade volume exposed to upstream agricultural and climatic risks, threatening the reliability of the global supply chain.

Market Trends

The market is experiencing a pivotal expansion into nutraceutical and dietary supplement applications, where liquorice shellac is increasingly valued as a natural enteric coating and moisture barrier. Unlike its role in confectionery for aesthetic purposes, in this sector, the resin is utilized for its functional ability to facilitate delayed release and mask the taste of herbal ingredients, meeting the rigorous standards of clean-label pharmaceutical delivery systems. This diversification is supported by the enduring stability of the wellness economy; according to the Council for Responsible Nutrition's '2024 Consumer Survey' from October 2024, 75 percent of Americans continue to use dietary supplements, maintaining a massive industrial baseline that relies critically on natural encapsulation and glazing excipients.

At the same time, the industry is being reshaped by the adoption of sustainable and ethical sourcing practices, driven by aggressive environmental mandates from major confectionery conglomerates. As leading global food brands enforce strict decarbonization targets, upstream shellac producers are compelled to validate their harvesting methods and implement low-emission processing to retain contracts with multinational partners. The scale of this corporate pressure is exemplified by the environmental commitments of key end-users; Mars, Incorporated reported in their '2023 Sustainable in a Generation Report' from July 2024 that the company achieved a record 8 percent reduction in greenhouse gas emissions across its entire value chain in 2023, signaling a transformative shift where ingredient suppliers must demonstrate measurable ecological compliance to compete.

Key Market Players

  • 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

Report Scope

In this report, the Global Liquorice Shellac Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Liquorice Shellac Market, By Type

  • Bleached Shellac
  • Dewaxed Shellac
  • Refined Shellac

Liquorice Shellac Market, By Application

  • Food
  • Pharmaceuticals
  • Industrial
  • Others

Liquorice Shellac Market, By Region

  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • France
    • United Kingdom
    • Italy
    • Germany
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • South America
    • Brazil
    • Argentina
    • Colombia
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Liquorice Shellac Market.

Available Customizations:

Global Liquorice Shellac Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

  • 1.1. Market Definition
  • 1.2. Scope of the Market
    • 1.2.1. Markets Covered
    • 1.2.2. Years Considered for Study
    • 1.2.3. Key Market Segmentations

2. Research Methodology

  • 2.1. Objective of the Study
  • 2.2. Baseline Methodology
  • 2.3. Key Industry Partners
  • 2.4. Major Association and Secondary Sources
  • 2.5. Forecasting Methodology
  • 2.6. Data Triangulation & Validation
  • 2.7. Assumptions and Limitations

3. Executive Summary

  • 3.1. Overview of the Market
  • 3.2. Overview of Key Market Segmentations
  • 3.3. Overview of Key Market Players
  • 3.4. Overview of Key Regions/Countries
  • 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Liquorice Shellac Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share & Forecast
    • 5.2.1. By Type (Bleached Shellac, Dewaxed Shellac, Refined Shellac)
    • 5.2.2. By Application (Food, Pharmaceuticals, Industrial, Others)
    • 5.2.3. By Region
    • 5.2.4. By Company (2025)
  • 5.3. Market Map

6. North America Liquorice Shellac Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
  • 6.2. Market Share & Forecast
    • 6.2.1. By Type
    • 6.2.2. By Application
    • 6.2.3. By Country
  • 6.3. North America: Country Analysis
    • 6.3.1. United States Liquorice Shellac Market Outlook
      • 6.3.1.1. Market Size & Forecast
        • 6.3.1.1.1. By Value
      • 6.3.1.2. Market Share & Forecast
        • 6.3.1.2.1. By Type
        • 6.3.1.2.2. By Application
    • 6.3.2. Canada Liquorice Shellac Market Outlook
      • 6.3.2.1. Market Size & Forecast
        • 6.3.2.1.1. By Value
      • 6.3.2.2. Market Share & Forecast
        • 6.3.2.2.1. By Type
        • 6.3.2.2.2. By Application
    • 6.3.3. Mexico Liquorice Shellac Market Outlook
      • 6.3.3.1. Market Size & Forecast
        • 6.3.3.1.1. By Value
      • 6.3.3.2. Market Share & Forecast
        • 6.3.3.2.1. By Type
        • 6.3.3.2.2. By Application

7. Europe Liquorice Shellac Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
  • 7.2. Market Share & Forecast
    • 7.2.1. By Type
    • 7.2.2. By Application
    • 7.2.3. By Country
  • 7.3. Europe: Country Analysis
    • 7.3.1. Germany Liquorice Shellac Market Outlook
      • 7.3.1.1. Market Size & Forecast
        • 7.3.1.1.1. By Value
      • 7.3.1.2. Market Share & Forecast
        • 7.3.1.2.1. By Type
        • 7.3.1.2.2. By Application
    • 7.3.2. France Liquorice Shellac Market Outlook
      • 7.3.2.1. Market Size & Forecast
        • 7.3.2.1.1. By Value
      • 7.3.2.2. Market Share & Forecast
        • 7.3.2.2.1. By Type
        • 7.3.2.2.2. By Application
    • 7.3.3. United Kingdom Liquorice Shellac Market Outlook
      • 7.3.3.1. Market Size & Forecast
        • 7.3.3.1.1. By Value
      • 7.3.3.2. Market Share & Forecast
        • 7.3.3.2.1. By Type
        • 7.3.3.2.2. By Application
    • 7.3.4. Italy Liquorice Shellac Market Outlook
      • 7.3.4.1. Market Size & Forecast
        • 7.3.4.1.1. By Value
      • 7.3.4.2. Market Share & Forecast
        • 7.3.4.2.1. By Type
        • 7.3.4.2.2. By Application
    • 7.3.5. Spain Liquorice Shellac Market Outlook
      • 7.3.5.1. Market Size & Forecast
        • 7.3.5.1.1. By Value
      • 7.3.5.2. Market Share & Forecast
        • 7.3.5.2.1. By Type
        • 7.3.5.2.2. By Application

8. Asia Pacific Liquorice Shellac Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value
  • 8.2. Market Share & Forecast
    • 8.2.1. By Type
    • 8.2.2. By Application
    • 8.2.3. By Country
  • 8.3. Asia Pacific: Country Analysis
    • 8.3.1. China Liquorice Shellac Market Outlook
      • 8.3.1.1. Market Size & Forecast
        • 8.3.1.1.1. By Value
      • 8.3.1.2. Market Share & Forecast
        • 8.3.1.2.1. By Type
        • 8.3.1.2.2. By Application
    • 8.3.2. India Liquorice Shellac Market Outlook
      • 8.3.2.1. Market Size & Forecast
        • 8.3.2.1.1. By Value
      • 8.3.2.2. Market Share & Forecast
        • 8.3.2.2.1. By Type
        • 8.3.2.2.2. By Application
    • 8.3.3. Japan Liquorice Shellac Market Outlook
      • 8.3.3.1. Market Size & Forecast
        • 8.3.3.1.1. By Value
      • 8.3.3.2. Market Share & Forecast
        • 8.3.3.2.1. By Type
        • 8.3.3.2.2. By Application
    • 8.3.4. South Korea Liquorice Shellac Market Outlook
      • 8.3.4.1. Market Size & Forecast
        • 8.3.4.1.1. By Value
      • 8.3.4.2. Market Share & Forecast
        • 8.3.4.2.1. By Type
        • 8.3.4.2.2. By Application
    • 8.3.5. Australia Liquorice Shellac Market Outlook
      • 8.3.5.1. Market Size & Forecast
        • 8.3.5.1.1. By Value
      • 8.3.5.2. Market Share & Forecast
        • 8.3.5.2.1. By Type
        • 8.3.5.2.2. By Application

9. Middle East & Africa Liquorice Shellac Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
  • 9.2. Market Share & Forecast
    • 9.2.1. By Type
    • 9.2.2. By Application
    • 9.2.3. By Country
  • 9.3. Middle East & Africa: Country Analysis
    • 9.3.1. Saudi Arabia Liquorice Shellac Market Outlook
      • 9.3.1.1. Market Size & Forecast
        • 9.3.1.1.1. By Value
      • 9.3.1.2. Market Share & Forecast
        • 9.3.1.2.1. By Type
        • 9.3.1.2.2. By Application
    • 9.3.2. UAE Liquorice Shellac Market Outlook
      • 9.3.2.1. Market Size & Forecast
        • 9.3.2.1.1. By Value
      • 9.3.2.2. Market Share & Forecast
        • 9.3.2.2.1. By Type
        • 9.3.2.2.2. By Application
    • 9.3.3. South Africa Liquorice Shellac Market Outlook
      • 9.3.3.1. Market Size & Forecast
        • 9.3.3.1.1. By Value
      • 9.3.3.2. Market Share & Forecast
        • 9.3.3.2.1. By Type
        • 9.3.3.2.2. By Application

10. South America Liquorice Shellac Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value
  • 10.2. Market Share & Forecast
    • 10.2.1. By Type
    • 10.2.2. By Application
    • 10.2.3. By Country
  • 10.3. South America: Country Analysis
    • 10.3.1. Brazil Liquorice Shellac Market Outlook
      • 10.3.1.1. Market Size & Forecast
        • 10.3.1.1.1. By Value
      • 10.3.1.2. Market Share & Forecast
        • 10.3.1.2.1. By Type
        • 10.3.1.2.2. By Application
    • 10.3.2. Colombia Liquorice Shellac Market Outlook
      • 10.3.2.1. Market Size & Forecast
        • 10.3.2.1.1. By Value
      • 10.3.2.2. Market Share & Forecast
        • 10.3.2.2.1. By Type
        • 10.3.2.2.2. By Application
    • 10.3.3. Argentina Liquorice Shellac Market Outlook
      • 10.3.3.1. Market Size & Forecast
        • 10.3.3.1.1. By Value
      • 10.3.3.2. Market Share & Forecast
        • 10.3.3.2.1. By Type
        • 10.3.3.2.2. By Application

11. Market Dynamics

  • 11.1. Drivers
  • 11.2. Challenges

12. Market Trends & Developments

  • 12.1. Merger & Acquisition (If Any)
  • 12.2. Product Launches (If Any)
  • 12.3. Recent Developments

13. Global Liquorice Shellac Market: SWOT Analysis

14. Porter's Five Forces Analysis

  • 14.1. Competition in the Industry
  • 14.2. Potential of New Entrants
  • 14.3. Power of Suppliers
  • 14.4. Power of Customers
  • 14.5. Threat of Substitute Products

15. Competitive Landscape

  • 15.1. M/S. D. Manoharlal Pvt Ltd
    • 15.1.1. Business Overview
    • 15.1.2. Products & Services
    • 15.1.3. Recent Developments
    • 15.1.4. Key Personnel
    • 15.1.5. SWOT Analysis
  • 15.2. Mantrose UK Ltd
  • 15.3. Temus Pte Ltd.
  • 15.4. Sunresin New Materials Co.Ltd.
  • 15.5. A.F. Suter & Company Ltd.
  • 15.6. F&C Licorice Group
  • 15.7. Sepidan Osareh Jonoob Co.
  • 15.8. Mafco Worldwide LLC
  • 15.9. Maruzen Pharmaceuticals Co., Ltd.
  • 15.10. Nutra Green Biotechnology Co.,Ltd

16. Strategic Recommendations

17. About Us & Disclaimer