delicacy vs appreciation

delicacy and appreciation both are nouns.

Word	Noun	Adjective	Verb	Adverb
delicacy	Yes	No	No	No
appreciation	Yes	No	No	No

As nouns, appreciation is a hypernym of delicacy; that is, appreciation is a word with a broader meaning than delicacy:

Other hypernyms of delicacy include discernment, perceptiveness, taste.

delicacy (noun)	appreciation (noun)
the quality of being beautiful and delicate in appearance	a favorable judgment
subtly skillful handling of a situation	an increase in price or value
lack of physical strength	understanding of the nature or meaning or quality or magnitude of something
slenderness	delicate discrimination (especially of esthetic values)
lightness in movement or manner	an expression of gratitude
refined taste; tact
something considered choice to eat