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Licorice Candy Market

11-15-2022 11:34 AM CET | Fashion, Lifestyle, Trends

Press release from: Analytics Market Research

Global Licorice Candy Market

Global Licorice Candy Market

Licorice Candy Market: Overview
The plant Glycyrrhiza glabra produces the roots that are used to make the component licorice. Because it has a pleasing scent and is nearly 50 times sweeter than sucrose, it is employed as a flavouring component in a variety of confections and processed foods. Both adults and children enjoy licorice candy, a chewy, elongated confection made from licorice. It is used in sweets due to its flavour as well as its medicinal qualities, as it is a potent expectorant and stabilises potassium levels in the body. Additionally, it has notable antimicrobial properties as well as advantageous properties for the digestive system.

Key Trends and Drivers:
The negative effects of consuming too much sugar are becoming more widely known. Just a few of the many negative impacts of this sweetening chemical include weight gain, poor blood sugar control, and heart disease. These very factors are to blame for the phenomenal global growth of the disease known as diabetes. By 2030, there will be 10.4% diabetics worldwide. Therefore, there will be a decrease in sucrose consumption in the future. Given that licorice has numerous health advantages and is significantly sweeter than sucrose, it will likely gain more popularity among the population, which already experiences a high rate of chronic disease.

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The market for licorice candies may be hampered by the ease with which sucrose and other sweetening ingredients, which are more well-established than this treat, can be extracted. Nevertheless, the market for licorice candies would grow significantly during the next years as licorice extraction from its natural sources picks up.

Licorice candies have long been a favourite snack food, especially in the West. A sweet root called licorice is frequently used to sweeten beverages and candies. It has long been believed to have medicinal benefits, which accounts for why it is so well-liked worldwide. Licorice contains more than 300 compounds, some of which have antibacterial and antiviral properties. Positive findings from several clinical studies investigating the potential health benefits of licorice have been reported. For instance, licorice extracts can be used to treat sore throats, tooth decay, and eczema. Additionally demonstrated to assist with digestive issues and respiratory system cleaning are licorice roots.

Licorice is within the genre of chewy candies, which is primarily characterised by the tastes of younger consumers. Experts claim that this demographic enjoys novelty. Younger consumers desire richer texture, a wider variety of flavours, and a more appealing look in addition to taste. Adults, on the other hand, are more concerned with the licorice candy's positive effects on their health.

Global Licorice Candy Market: Major Players
The Hershey Company
Gimbals Fine Candies
Haribo
American Licorice Company
Perfetti Van Melle
Darrell Lea Confectionery Co. Pty. Ltd
Cadbury Schweppes

Global Licorice Candy Market: Types
Black Pure Licorice
Multiple Layer Candy with Licorice
Others

Global Licorice Candy Market: Applications
Restaurants and Hotels
Schools and Institutions
Recreational and Sports Centers
Household Comsumption

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Global Licorice Candy Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Licorice Candy market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Manufacturers are therefore attempting to draw in their younger customers by offering premium products. In addition to experimenting with ingredients, businesses are heavily emphasising packaging in an effort to position their goods as luxurious goods. Licorice has never been regarded as a luxury sweet. Despite this, many companies are creating marketing strategies that employ social media promotions to change consumer perceptions.

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Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

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