Summary

Global Licorice Candy Market is valued approximately USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2021-2027. Licorice candies are made from licorice extracts obtained from a flowering plant of the bean family Fabaceae, which is mainly found in Western Asia, North Africa, and Southern Europe. Licorice candies are found to be helpful in treating conditions such as eczema, tooth decay, and sore throat. Licorice roots also have proven beneficial in cleaning respiratory systems. Growing demand for plant-based foods and rising health consciousness among consumers are key drivers for the growth of Licorice Candy market. For instance, according to The Good Food Institute, USA retail sales of plant-based foods in USA reached to USD 7 billion in the year 2020, indicating growth of 27 percent from the year 2019. In 2020, 57 percent of all U.S. households purchased plant-based foods (approximately 71 million households) as compared to 53 percent household in the year 2019. Also, as per India Brand Equity Forum- the markets for medical plants in India is estimated at USD 0.056 billion in the year 2019 and it is expected to increase at a CAGR 38.5% and would reach to USD 0.188 billion by the year 2026. Also, with the increasing adoption from pharmaceutical industry and shifting trend towards healthy eating, the adoption & demand for Licorice Candy is likely to increase the market growth during the forecast period. However, volatile costs of raw material, impedes the growth of the market over the forecast period of 2021-2027.

The key regions considered for the global Licorice Candy market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing demand for healthy products from the consumers in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. Factors such as growing pharmaceutical industry and shifting consumer preference in the region would create lucrative growth prospects for the Licorice Candy market across Asia-Pacific region.

Major market player included in this report are:
The Old Time Candy Company
Gimbal's Fine Candy
Kenny's Candy Company, Inc.
Red Vines
Kookaburra Liquorice
AirHeads
Candy Crate Inc.
American Licorice Company
The Hershey Company
Darrell Lea
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Original Black Licorice
Fruit Flavored Candy
Apple
Anise
Grape
Cinnamon
Grape
Strawberry
Others
By Packaging:
Cans
Jars
Bottles
Others
By Sales Channel:
Direct Sales
Indirect Sales
Modern Trade
Convenience Store
Departmental Store
Online Retailers
Traditional Grocery Store
Other Channels
By End Use Industries:
Restaurants and Hotels
Schools and Institutions
Recreational and Sports Centers
Household Consumption
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Licorice Candy Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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Table of Contents

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Licorice Candy Market, by Region, 2019-2027 (USD Billion)
1.2.2. Licorice Candy Market, by Product Type, 2019-2027 (USD Billion)
1.2.3. Licorice Candy Market, by Packaging Type, 2019-2027 (USD Billion)
1.2.4. Licorice Candy Market, by Sales Channel, 2019-2027 (USD Billion)
1.2.5. Licorice Candy Market, by End Use Industries, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Licorice Candy Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Licorice Candy Market Dynamics
3.1. Licorice Candy Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Growing demand for plant-based foods.
3.1.1.2. Rising health consciousness among consumers
3.1.2. Market Challenges
3.1.2.1. Volatile Raw material Cost.
3.1.3. Market Opportunities
3.1.3.1. Growing adoption from pharmaceutical industry.
3.1.3.2. Shifting trend towards healthy eating.
Chapter 4. Global Licorice Candy Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Licorice Candy Market, by Product Type
6.1. Market Snapshot
6.2. Global Licorice Candy Market by Product Type, Performance - Potential Analysis
6.3. Global Licorice Candy Market Estimates & Forecasts by Product Type 2018-2027 (USD Billion)
6.4. Licorice Candy Market, Sub Segment Analysis
6.4.1. Original Black Licorice
6.4.2. Fruit Flavored Candy
6.4.3. Apple
6.4.4. Anise
6.4.5. Grape
6.4.6. Cinnamon
6.4.7. Grape
6.4.8. Strawberry
6.4.9. Others

Chapter 7. Global Licorice Candy Market, by Packaging
7.1. Market Snapshot
7.2. Global Licorice Candy Market by Packaging, Performance - Potential Analysis
7.3. Global Licorice Candy Market Estimates & Forecasts by Packaging 2018-2027 (USD Billion)
7.4. Licorice Candy Market, Sub Segment Analysis
7.4.1. Cans
7.4.2. Jars
7.4.3. Bottles
7.4.4. Others

Chapter 8. Global Licorice Candy Market, by Sales Channel
8.1. Market Snapshot
8.2. Global Licorice Candy Market by Sales Channel, Performance - Potential Analysis
8.3. Global Licorice Candy Market Estimates & Forecasts by Sales Channel 2018-2027 (USD Billion)
8.4. Licorice Candy Market, Sub Segment Analysis
8.4.1. Direct Sales
8.4.2. Indirect Sales
8.4.3. Modern Trade
8.4.4. Convenience Store
8.4.5. Departmental Store
8.4.6. Online Retailers
8.4.7. Traditional Grocery Store
8.4.8. Other Channels



Chapter 9. Global Licorice Candy Market, by End Use Industries
9.1. Market Snapshot
9.2. Global Licorice Candy Market by End Use Industries, Performance - Potential Analysis
9.3. Global Licorice Candy Market Estimates & Forecasts by End Use Industries 2018-2027 (USD Billion)
9.4. Licorice Candy Market, Sub Segment Analysis
9.4.1. Restaurants and Hotels
9.4.2. Schools and Institutions
9.4.3. Recreational and Sports Centers
9.4.4. Household Consumption
9.4.5. Others

Chapter 10. Global Licorice Candy Market, Regional Analysis
10.1. Licorice Candy Market, Regional Market Snapshot
10.2. North America Licorice Candy Market
10.2.1. U.S. Licorice Candy Market
10.2.1.1. Product Type breakdown estimates & forecasts, 2018-2027
10.2.1.2. Packaging breakdown estimates & forecasts, 2018-2027
10.2.1.3. Sales Channel breakdown estimates & forecasts, 2018-2027
10.2.1.4. End Use Industries breakdown estimates & forecasts, 2018-2027
10.2.2. Canada Licorice Candy Market
10.3. Europe Licorice Candy Market Snapshot
10.3.1. U.K. Licorice Candy Market
10.3.2. Germany Licorice Candy Market
10.3.3. France Licorice Candy Market
10.3.4. Spain Licorice Candy Market
10.3.5. Italy Licorice Candy Market
10.3.6. Rest of Europe Licorice Candy Market
10.4. Asia-Pacific Licorice Candy Market Snapshot
10.4.1. China Licorice Candy Market
10.4.2. India Licorice Candy Market
10.4.3. Japan Licorice Candy Market
10.4.4. Australia Licorice Candy Market
10.4.5. South Korea Licorice Candy Market
10.4.6. Rest of Asia Pacific Licorice Candy Market
10.5. Latin America Licorice Candy Market Snapshot
10.5.1. Brazil Licorice Candy Market
10.5.2. Mexico Licorice Candy Market
10.6. Rest of The World Licorice Candy Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. The Old Time Candy Company
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Summary
11.2.1.5. Recent Developments
11.2.2. Gimbal's Fine Candy
11.2.3. Kenny's Candy Company, Inc.
11.2.4. Red Vines
11.2.5. Kookaburra Liquorice
11.2.6. AirHeads
11.2.7. Candy Crate Inc.
11.2.8. American Licorice Company
11.2.9. The Hershey Company
11.2.10. Darrell Lea

Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption