Liquorice Market Size to Reach $2.13 Bn, Globally, by 2031 at 4.8% CAGR : QY Research

NEW YORK, (UNITED STATES) - QY Research latest 'Liquorice Market 2025 Report' offers an unparalleled, in-depth analysis of the industry, delivering critical market insights that empower businesses to enhance their knowledge and refine their decision-making processes. This meticulously crafted report serves as a catalyst for growth, unlocking immense opportunities for companies to boost their return rates and solidify their competitive edge in an ever-evolving market. What sets this report apart is its personalized approach, tailored to address specific challenges faced by businesses. By leveraging a combination of advanced methodologies such as surveys, in-depth interviews, and hybrid techniques the report ensures that the strategies and insights provided are precisely aligned with the unique needs of each organization. Backed by a team of skilled analysts who expertly collect, evaluate, and synthesize data, the report tackles complex market dynamics with precision and practicality, avoiding unrealistic expectations. This comprehensive and customized approach makes the 'Liquorice Market 2025 Report' an indispensable tool for businesses aiming to thrive in a competitive landscape.

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The Sweet Rise of the Global Liquorice Market: Trends and Opportunities

The global Liquorice market is undergoing a significant transformation, driven by changing consumer preferences, product innovation, and expanding market reach. As a confectionery staple with both traditional and modern appeal, liquorice candy is carving out a growing niche in the sweets industry.

According to the latest QY Research report, the global Liquorice market was valued at $1.55 billion in 2024 and is projected to reach $2.13 billion by 2031, growing at a CAGR of 4.8%. This steady expansion is fueled by the increasing demand for unique flavors, healthier alternatives, and premium-quality sweets.

Market Overview: Key Segments and Players

By Product Type:

Fruit-Flavored Candy (58.9% market share) - The most popular segment, catering to consumers who enjoy a sweet and tangy twist to traditional liquorice.
Original Black Licorice - A favorite among those who appreciate its classic, slightly bitter, and aromatic flavor.

By Distribution Channel:

Supermarkets & Convenience Stores - The most common retail outlets for liquorice candy.

Online Sales - A rapidly expanding segment, benefiting from global e-commerce growth and digital marketing strategies.
Top Manufacturers:

Leading brands in the liquorice market include Hershey, Red Vines, Cloetta (Venco), Haribo, RJ'S, Kenny's Candy, and Fini Company, with the top five players collectively holding approximately 44.07% of the market share.

What's Driving Market Growth?

Expanding Consumer Base

With growing global interest in unique and exotic flavors, liquorice candy manufacturers are expanding into Asia and North America, tailoring their products to local taste preferences.

Innovation in Packaging & Branding

Brands investing in eye-catching packaging and marketing strategies are seeing increased customer engagement and higher sales.

Health-Conscious Alternatives

As consumers become more aware of sugar intake and artificial additives, the demand for sugar-free, organic, and natural liquorice candies is on the rise.

Premiumization & Artisanal Products

Many brands are elevating liquorice candy into a gourmet experience, offering high-end, handcrafted, and specialty flavors to cater to premium market segments.

Challenges in the Liquorice Market -

Seasonal Demand Variations

Liquorice candy sales often peak around holidays like Halloween and Christmas, making it difficult for brands to maintain consistent sales year-round.

Consumer Taste Preferences

While liquorice has a dedicated fan base, not all demographics enjoy its strong, distinctive flavor, limiting its appeal compared to other mainstream candies.

Health Concerns

Traditional liquorice candies can be high in sugar, leading to concerns about obesity, diabetes, and dental health, prompting consumers to seek healthier alternatives.

Supply Chain Risks

Liquorice root is a key ingredient, and any disruptions in its supply chain can impact production costs and product availability.

Future Trends in the Liquorice Market -

🔹 Healthier Options - Expect more low-sugar, organic, and additive-free liquorice products.

🔹 Innovative Flavors - New and exotic flavor combinations will appeal to adventurous consumers.

🔹 Sustainable & Ethical Sourcing - Brands will focus on eco-friendly packaging and responsibly sourced ingredients.

🔹 Growth of Online Sales - E-commerce will continue to play a major role in liquorice distribution, enabling brands to reach global consumers more effectively.

Final Thoughts -

The Liquorice market is set for steady growth, with flavor innovation, health-conscious choices, and premiumization shaping its future. As manufacturers adapt to changing consumer trends, liquorice candy will continue to hold a sweet spot in the global confectionery industry.

For in-depth market analysis, competitive insights, and growth forecasts, read the latest QY Research report today!

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Market Forecast -

Market Size Projection: Forecast for the next 5-10 years.

Growth Rate (CAGR): Expected compound annual growth rate.

Emerging Markets: Regions and segments with high growth potential.

Future Trends: Predictions for technological, regulatory, and market developments.

Research Objectives -

To assess the current market size and growth trajectory of the Liquorice industry.

To identify key drivers, restraints, and opportunities influencing market dynamics.

To analyze market segmentation by type, application, and region.

To evaluate the competitive landscape and profile leading players.

To provide actionable insights for stakeholders to capitalize on market opportunities.

Key Success Factors -

Innovation and R&D: Importance of developing new materials and processes.

Sustainability: Role of green chemistry and circular economy practices.

Customer-Centric Solutions: Meeting the specific needs of end-use industries.

Strategic Partnerships: Collaborations to drive growth and innovation.

Key Questions Answered -

What is the current size of the Liquorice market, and what is its projected growth by 2031?

Which regions and segments are driving market growth?

Who are the leading players, and what are their strategies?

What are the major challenges and opportunities in the Liquorice industry?

How are technological advancements shaping the future of the market?

Chapter Outline -

Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 2: Detailed analysis of Liquorice manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 5: Sales, revenue of Liquorice in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 6: Sales, revenue of Liquorice in country level. It provides sigmate data by Type, and by Application for each country/region.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.

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