Licorice Candy Market Growth, Top Players, and Forecast by 2031
Historic Data: 2021-2023 | Base Year: 2024 | Forecast Period: 2025-2031Coverage: Licorice Candy Market covers analysis by Product (Black Pure Licorice, Multiple Layer Candy with Licorice, Others); End User (Restaurants and Hotels, Schools and Institutions, Recreational and Sports Centers, Household Consumption, Others); Packaging (Cans, Jars, Bottles, Others); Sales Channel (Direct Sales, Indirect Sales) , and Geography (North America, Europe, Asia Pacific, and South and Central America)
- Report Date : Aug 2025
- Report Code : TIPRE00013414
- Category : Food and Beverages
- Status : Upcoming
- Available Report Formats :
- No. of Pages : 150
MARKET INTRODUCTION
Licorice is a sweet root that is often used as a sweetener in beverages and candies. Licorice falls under chewy candy, a sector primarily defined by the tastes of younger consumers. The essential ingredients of black licorice confectionery are licorice extract, sugar, and a binder. The base is typically starch/flour, gum Arabic, gelatin, or a combination thereof. For instance, licorice extracts are found to help treat conditions such as eczema, tooth decay, and sore throat. Licorice roots also have proven beneficial in soothing gastrointestinal problems and cleaning respiratory systems.
MARKET DYNAMICS
The licorice candy market has witnessed a significant growth owing to factors such as rising demand for clean label and nutritional food. Moreover, increasing focus on preventive healthcare has rendered conscientious consumers more conscious about the food they eat. It provides a huge market opportunity for the key players operating in the licorice candy market. However, less consumer knowledge related to licorice candy is projected to hamper the overall growth of the licorice candy market.
MARKET SCOPE
The "Global Licorice Candy Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the licorice candy market with detailed market segmentation product, end user, packaging, sales channel and geography. The global licorice candy market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading licorice candy market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global licorice candy market is segmented on the basis of product, end user, packaging and sales channel. On the basis of product, the global licorice candy market is divided into black pure licorice, multiple layer candy with licorice and others. On the basis of end user, the global licorice candy market is divided into restaurants and hotels, schools and institutions, recreational and sports centers, household consumption and others. On the basis of packaging, the market is divided into cans, jars, bottles and others. On the basis of sales channel, the market is divided into direct sales and indirect sales.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global licorice candy market based on various segments. It also provides marketsize and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The licorice candy market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the licorice candy market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the licorice candy market in these regions.
MARKET PLAYERS
The reports cover key developments in the licorice candy market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of marketplayers. The marketpayers from licorice candy market is anticipated to lucrative growth opportunities in the future with the rising demand for licorice candy in the global market. Below mentioned is the list of few companies engaged in the licorice candy market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the licorice candy market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- THE OLD TIME CANDY COMPANY
- American Licorice Company
- Gimbal's Fine Candy
- Kennyscandy
- Kookaburra Liquorice
- Perfetti Van Melle Inc.
- Licorice International Inc.
- Sweet Gourmet
- Switzer Candy Company, Inc
- THE HERSHEY COMPANY
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Licorice Candy Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ XX million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2025 - 2031) | XX% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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1. THE OLD TIME CANDY COMPANY
2. American Licorice Company
3. Gimbal's Fine Candy
4. Kennyscandy
5. Kookaburra Liquorice
6. Licorice International Inc.
7. Perfetti Van Melle Inc.
8. Sweet Gourmet
9. Switzer Candy Company, Inc
10. THE HERSHEY COMPANY
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