Medicated Confectionery Market Growth in Healthcare Industry by 2021-2026 | Nestle, Ricola, Hershey's

The global Medicated Confectionery market size is projected to grow in the historic period resulted from economic growth in emerging markets, the rise in awareness of the benefits and developed nations towards Medicated Confectionery costs and increasing production and growing capacity in Healthcare industry, and healthy growth of pharmaceutical and food & beverage industry in developing countries, are supporting the growth of the Medicated Confectionery market.

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Medicated confectionery products are manufactured in the form of high, boiled candies utilising plastic moulding or depositing methods. Medicated confectionery is widely used in the formulation of drugs for many conditions such as minor throat irritations, coughs, colds, respiratory tract congestion and allergies. Other medicines containing active ingredients such as antacids, vitamins and herbal extracts can also be formulated as confectionery products.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Pandemic impact on the Global Medicated Confectionery Market:

1 The Medicated Confectionery industry experienced decline in sector during the COVID-19 pandemic. This is attributed to the sharp decrease in chemical, pharmaceutical, automotive, and industrial sectors.

2 Manufacturing companies has prolonged closure of all its operations at its workplaces and manufacturing areas, until reopening instructions received from the government authorities.

3 In addition, due to reduction in labours in light of social distancing norms amid the COVID-19 pandemic, the Medicated Confectionery industry witnessed significant decrease in the production.

4 At the end of 2019, COVID-19 began to erupt in China, Due to the huge decrease of global economy; we forecast the growth rate of global economy will show a decrease of about 4%, due to this reason, Medicated Confectionery market size in 2020 will be lower than in previous years.

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Medicated Confectionery Market Players:

Nestle
Perfetti Van Melle
Wm. Wrigley Jr. Company
Mondelez International
Reckitt Benckiser
Ricola
Procter & Gamble
Hershey's
Meda Pharmaceuticals
Ernest Jackson
Pedimont Candy Company
UHA Mikakuto
Universal Robina
Jakemans
Herbion International
HEXOS

Product Type Segmentation:

Hard Boiled Candies or Lozenges
Medicated Gums and Chewing Gums

Industry Segmentation:

Hospital
Medicine Retail
Health Products Store

Segmentation by Regions:

The research report includes a detailed study of regions of North America, Europe, China and Japan. The report has been given after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, sales, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2021 to 2026.

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Top Industry News:

Nestle continues strategic transformation of water business, agrees on sale of Nestle Waters North America brands on 17 February, 2021 -- Nestle S.A. today announced that it has reached an agreement to sell its regional spring water brands, purified water business and beverage delivery service in the U.S. and Canada to One Rock Capital Partners in partnership with Metropoulos & Co. for USD 4.3 billion. The Company's international premium brands including Perrier, S.Pellegrino and Acqua Panna are not a part of the deal. The transaction is expected to close following the completion of customary closing conditions.

The sale includes the following brands in the U.S. and Canada, which had sales of around CHF 3.4 Billion in 2019: Poland Spring Brand 100% Natural Spring Water, Deer Park Brand 100% Natural Spring Water, Ozarka Brand 100% Natural Spring Water, Ice Mountain Brand 100% Natural Spring Water, Zephyrhills Brand 100% Natural Spring Water, Arrowhead Brand Mountain Spring Water, Pure Life and Splash. It also comprises the U.S. direct-to-consumer and office beverage delivery service ReadyRefresh.

The agreement follows Nestle's announcement last year that it would conduct a strategic review of parts of the North American waters division and sharpen the focus of its global water portfolio.

Commenting on the transaction, Mark Schneider, Nestle CEO, said: "We continue to transform our global waters business to best position it for long-term profitable growth. This sale enables us to create a more focused business around our international premium brands, local natural mineral waters and high-quality healthy hydration products. We will also boost our innovation and business development efforts to capture emerging consumer trends, such as functional water."

Nestle reiterated its commitment to make its entire water portfolio carbon neutral by 2025. In 2020, Nestle announced renewed sustainability commitments which build on existing efforts to enhance water stewardship and tackle plastic waste.

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