Market Overview:
The global licorice candy market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for flavored licorice candy and increasing online sales of licorice candy. The original black licorice segment is expected to dominate the global market during the forecast period, owing to its high demand in North America and Europe. However, the fruit flavored candy segment is projected to grow at a higher CAGR than the original black licorice segment during the forecast period, due to its growing popularity among consumers worldwide. In terms of application, supermarkets are expected to account for a major share of the global market during the forecast period, followed by online sales and convenient stores.
Product Definition:
Licorice candy is a type of confectionery that typically consists of licorice root extract and sugar. It is available in both hard and soft varieties. Licorice candy has a long history and is believed to have originated in Greece over 2,000 years ago. Today, it is enjoyed all over the world for its unique flavor profile.
Original Black Licorice:
The Original Black Licorice is a patented product of the Licorice extract and Tobacco Group. It was developed by the Japanese tobacco company, Irie-Nissin Sugar Manufacturing Co., Ltd. in an attempt to create a new type of black licorice that no one had ever seen before.
Fruit Flavored Candy:
Fruit flavored candy is a product that contains natural or artificial flavoring derived from fruit. It can be made using any fruit, but the most common ones are strawberry, orange, cherry and grapefruit. The main function of these candies is to provide sweet taste without sugar content which makes it ideal for diabetic patients as well as children with no sugar intake regimen.
The global market for fruit flavored candy has been growing at a significant rate owing to its increasing demand among children.
Application Insights:
Supermarket was the largest application segment in 2017 and is expected to maintain its dominance over the forecast period. The product has a wide scope of application in food & beverages, pharmaceuticals, cosmetics and toiletries among others. It is used as an ingredient for making cough drops, candies, chocolates and sweets among other applications.
The convenient store segment is expected to register significant growth over the forecast period owing to increasing consumer preference for purchasing confectionery items from these stores due to their proximity. Convenience stores are increasingly using licorice candy as it provides sweeteners with a strong taste that masks the bitterness of other ingredients such as herbs or spices which makes them more palatable for consumers especially children who constitute majority of convenience store customers globally. This factor along with growing demand from emerging economies will drive market growth during the estimated time frame.
Regional Analysis:
Europe was the largest regional market in 2017 and accounted for more than 35% of the global revenue. Germany, U.K., France, Poland, Russia are some of the major markets in this region. Asia Pacific is expected to be one of the fastest-growing regions with a CAGR exceeding 5% from 2018 to 2030 owing to increasing health consciousness among consumers and rising disposable income levels in developing countries including China and India. Furthermore, growing popularity for black sugar Licorice (BSL) due to its rich taste is also driving demand across this region which includes Japan as well as other Asian countries such as South Korea and Indonesia.
Growth Factors:
- Increasing demand for natural and healthy products: The global licorice candy market is expected to grow at a CAGR of 5.5% during the forecast period due to the increasing demand for natural and healthy products.
- Rising disposable income: The growth of the licorice candy market is also attributed to the rising disposable income in developing countries, which allows consumers to indulge in premium-priced products.
- Growing popularity of western culture: The growing popularity of western culture has led to an increase in the demand for licorice candy across different regions.
- Innovative product offerings: Manufacturers are introducing innovative product offerings such as organic licorice, flavored licorice, etc., which is further propelling the growth of this market segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Licorice Candy Market Research Report
By Type
Original Black Licorice, Fruit Flavored Candy
By Application
Supermarket, Online Sales, Convenient Store
By Companies
Twizzzlers, Red Vines, Wiley Wallaby, Venco, Good & Plenty, Halva, Klene, RJ’S, Kraepelien & Holm, Kenny’s Candy, Switzer’s Authentic Candy, Mrs. Call’s Candy, Gimbals Fine Candies, Kookaburra Liquorice
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Licorice Candy Market Report Segments:
The global Licorice Candy market is segmented on the basis of:
Types
Original Black Licorice, Fruit Flavored Candy
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarket, Online Sales, Convenient Store
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Twizzzlers
- Red Vines
- Wiley Wallaby
- Venco
- Good & Plenty
- Halva
- Klene
- RJ’S
- Kraepelien & Holm
- Kenny’s Candy
- Switzer’s Authentic Candy
- Mrs. Call’s Candy
- Gimbals Fine Candies
- Kookaburra Liquorice
Highlights of The Licorice Candy Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Original Black Licorice
- Fruit Flavored Candy
- By Application:
- Supermarket
- Online Sales
- Convenient Store
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Licorice Candy Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Licorice candy is a type of candy that is made from the root of the licorice plant.
Some of the major companies in the licorice candy market are Twizzzlers, Red Vines, Wiley Wallaby, Venco, Good & Plenty, Halva, Klene, RJ’S, Kraepelien & Holm, Kenny’s Candy, Switzer’s Authentic Candy, Mrs. Call’s Candy, Gimbals Fine Candies, Kookaburra Liquorice.
The licorice candy market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Licorice Candy Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Licorice Candy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Licorice Candy Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Licorice Candy Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Licorice Candy Market Size & Forecast, 2020-2028
4.5.1 Licorice Candy Market Size and Y-o-Y Growth
4.5.2 Licorice Candy Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Original Black Licorice
5.2.2 Fruit Flavored Candy
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Supermarket
6.2.2 Online Sales
6.2.3 Convenient Store
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Licorice Candy Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Licorice Candy Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Original Black Licorice
9.6.2 Fruit Flavored Candy
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Supermarket
9.10.2 Online Sales
9.10.3 Convenient Store
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Original Black Licorice
10.6.2 Fruit Flavored Candy
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Supermarket
10.10.2 Online Sales
10.10.3 Convenient Store
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Original Black Licorice
11.6.2 Fruit Flavored Candy
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Supermarket
11.10.2 Online Sales
11.10.3 Convenient Store
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Original Black Licorice
12.6.2 Fruit Flavored Candy
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Supermarket
12.10.2 Online Sales
12.10.3 Convenient Store
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Original Black Licorice
13.6.2 Fruit Flavored Candy
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Supermarket
13.10.2 Online Sales
13.10.3 Convenient Store
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Licorice Candy Market: Competitive Dashboard
14.2 Global Licorice Candy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Twizzzlers
14.3.2 Red Vines
14.3.3 Wiley Wallaby
14.3.4 Venco
14.3.5 Good & Plenty
14.3.6 Halva
14.3.7 Klene
14.3.8 RJ’S
14.3.9 Kraepelien & Holm
14.3.10 Kenny’s Candy
14.3.11 Switzer’s Authentic Candy
14.3.12 Mrs. Call’s Candy
14.3.13 Gimbals Fine Candies
14.3.14 Kookaburra Liquorice
