The latest independent research document on “Licorice Candy Market Size, Status, Type, Application and Forecast 2024-2030” with 124+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know-how of the current market development, landscape, emerging technologies, drivers, sales, opportunities, market viewpoint and Outlook. The Study is segmented by key a region that is accelerating the marketization. Licorice Candy study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
Major Key Players in This Report Include:
The Old Time Candy Company (United States), Gimbal’s Fine Candy (United States), Kenny’s Candy Company, Inc. (United States), Red Vines (United States), Kookaburra Liquorice (Australia), AirHeads (United States), Candy Crate Inc. (United States), American Licorice Company (United States), The Hershey Company (United States), Darrell Lea (Australia).
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According to HTF Market Intelligence, the Global Licorice Candy market grow with at a CAGR of % during forecast period of 2024-2030. It’s crucial you stay up with the latest sectioned by Applications [Restaurants and Hotels, Schools and Institutions, Recreational and Sports Centers, Household Consumption, Others], Product Types [Original Black Licorice, Fruit Flavored Candy, Apple, Anise, Grape, Cinnamon, Grape, Strawberry, Others] and some significant parts of the business.
Definition:
The word licorice was derived from the Greek, which meant “sweet rootâ€. Licorice is essentially a type of flowering plant that is subject to Southern Europe and Asia. The sweet flavor in licorice is provided by glycyrrhizin, which is 50 times sweeter than sugar. Licorice candy is a sweet which is usually flavored and colored black and red with the extracts of the roots of the licorice plant. A huge variety range of licorice sweets is produced all around the world. It is usually manufactured in the shape of chewy ropes or tubes. Black licorice combined with anise extract is also a well-known flavor in other types of sweets like jellybeans. In addition, there are various other licorice-based sweets that are sold in the United Kingdom, like licorice allsorts. Dutch and Nordic licorice normally contains ammonium chloride in place of sodium chloride, significantly in salty licorice.
Market Trends:
- Adoption of These Licorice Candies, Owing to the Fact That They Help in Quitting Smoking, as Licorice is a Common Ingredient in Tobacco
- Growing Demand for Diverse Flavors of Candy
- Focus on Development and Innovations of New Flavored Candy
Market Drivers:
- The Growth in Population
- Increase in Consumption of Licorice Due to the High Level of Calcium in it
- Changing lifestyles and Standards Fueled by Rising Disposable Income
Market Opportunities:
- Rising Focus on Younger Consumer Based Licorice Candy through New Inventions
- Increasing Number of All Natural and Upscale Varieties of Candies
- Growing Emphasis on Healthy Products and All Natural Ingredients
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Global Licorice Candy Market Segments are Covered:
| Licorice Candy Market | |
| Key players | The Old Time Candy Company (United States), Gimbal’s Fine Candy (United States), Kenny’s Candy Company, Inc. (United States), Red Vines (United States), Kookaburra Liquorice (Australia), AirHeads (United States), Candy Crate Inc. (United States), American Licorice Company (United States), The Hershey Company (United States), Darrell Lea (Australia) |
| Type | Original Black Licorice, Fruit Flavored Candy, Apple, Anise, Grape, Cinnamon, Grape, Strawberry, Others |
| Application | Restaurants and Hotels, Schools and Institutions, Recreational and Sports Centers, Household Consumption, Others |
| Base Year | 2023 |
| History Data | 2019-2023 |
| Forecast Study | 2024-2030 |
| CAGR | |
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Interpretative Tools in the Market: The report integrates the entirely examined and evaluated information of the prominent players and their position in the market by methods for various descriptive tools. The methodical tools including SWOT analysis, Porter’s five forces analysis, and investment return examination were used while breaking down the development of the key players performing in the market.
Key Growths in the Market: This section of the report incorporates the essential enhancements of the marker that contains assertions, coordinated efforts, R&D, new item dispatch, joint ventures, and associations of leading participants working in the market.
Key Points in the Market: The key features of this Licorice Candy market report includes production, production rate, revenue, price, cost, market share, capacity, capacity utilization rate, import/export, supply/demand, and gross margin. Key market dynamics plus market segments and sub-segments are covered.
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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