Global Licorice Candy
Market Report
2025
Delivery Includes:- Market Timeline 2021 till 2033, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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"Global Licorice Candy market size 2025 is $1624.5 Million whereas according out published study it will reach to $2139.16 Million by 2033. Licorice Candy market will be growing at a CAGR of 3.5% during 2025 to 2033."
As per the current market study, out of 1624.5 Million USD global market revenue 2025, North America market holds 34.82% of the market share. The North America Licorice Candy industry grew from 499.727 Million USD in 2021 to 565.65 Million USD in 2025 and will record 88.35% growth. In coming future this industry will reach 728.317 Million by 2033 with a 3.21% CAGR. If we look at the percentage market shares of top North America countries for 2025,Mexico (11.32%), Canada (20.20%), United States (68.48%)
As per the current market study, out of 1624.5 Million USD global market revenue 2025, Europe market holds 30.08% of the market share. The Europe Licorice Candy industry grew from 430.36 Million USD in 2021 to 488.613 Million USD in 2025 and will record 88.08% growth. In coming future this industry will reach 625.781 Million by 2033 with a 3.141% CAGR. If we look at the percentage market shares of top Europe countries for 2025,Spain (5.23%), United Kingdom (20.12%), Luxembourg (2.64%), Russia (9.59%), Switzerland (4.82%), Italy (9.91%), Denmark (4.94%), France (13.89%), Sweden (4.52%), Germany (20.25%), Rest of Europe (4.08%)
As per the current market study, out of 1624.5 Million USD global market revenue 2025, Asia Pacific market holds 19.92% of the market share. The Asia Pacific Licorice Candy industry grew from 276.053 Million USD in 2021 to 323.556 Million USD in 2025 and will record 85.32% growth. In coming future this industry will reach 439.952 Million by 2033 with a 3.916% CAGR. If we look at the percentage market shares of top Asia Pacific countries for 2025,South East Asia (5.26%), Japan (24.05%), Singapore (4.60%), China (30.37%), Australia (5.44%), South Korea (10.41%), Taiwan (2.30%), India (15.90%), Rest of APAC (1.67%)
As per the current market study, out of 1624.5 Million USD global market revenue 2025, South America market holds 5.20% of the market share. The South America Licorice Candy industry grew from 77.8612 Million USD in 2021 to 84.487 Million USD in 2025 and will record 92.16% growth. In coming future this industry will reach 105.012 Million by 2033 with a 2.756% CAGR. If we look at the percentage market shares of top South America countries for 2025,Colombia (10.50%), Argentina (20.22%), Brazil (40.35%), Chile (4.39%), Peru (9.07%), Rest of South America (15.46%)
As per the current market study, out of 1624.5 Million USD global market revenue 2025, Middle East market holds 5.90% of the market share. The Middle East Licorice Candy industry grew from 82.108 Million USD in 2021 to 95.776 Million USD in 2025 and will record 85.73% growth. In coming future this industry will reach 128.351 Million by 2033 with a 3.727% CAGR. If we look at the percentage market shares of top Middle East countries for 2025,Egypt (10.02%), UAE (20.21%), Turkey (19.63%), Saudi Arabia (29.72%), Qatar (9.57%), Rest of Middle East (10.85%)
As per the current market study, out of 1624.5 Million USD global market revenue 2025, Africa market holds 4.09% of the market share. The Africa Licorice Candy industry grew from 49.548 Million USD in 2021 to 66.418 Million USD in 2025 and will record 74.60% growth. In coming future this industry will reach 111.744 Million by 2033 with a 6.719% CAGR. If we look at the percentage market shares of top Africa countries for 2025,South Africa (40.23%), Nigeria (30.14%), Rest of Africa (29.63%)
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Licorice Candy Market Sales Revenue | 121212 | $ 1624.5 Million | 121212 | $ 2139.16 Million | 3.5% |
North America Licorice Candy Market Sales Revenue | 121212 | $ 565.65 Million | 121212 | $ 728.317 Million | 3.21% |
Mexico Licorice Candy Market Sales Revenue | 121212 | $ 64.0185 Million | 121212 | $ 85.6673 Million | 3.708% |
Canada Licorice Candy Market Sales Revenue | 121212 | $ 114.261 Million | 121212 | $ 153.358 Million | 3.747% |
United States Licorice Candy Market Sales Revenue | 121212 | $ 387.37 Million | 121212 | $ 489.291 Million | 2.963% |
Europe Licorice Candy Market Sales Revenue | 121212 | $ 488.613 Million | 121212 | $ 625.781 Million | 3.141% |
Spain Licorice Candy Market Sales Revenue | 121212 | $ 25.5462 Million | 121212 | $ 31.5006 Million | 2.654% |
United Kingdom Licorice Candy Market Sales Revenue | 121212 | $ 98.3102 Million | 121212 | $ 132.355 Million | 3.787% |
Luxembourg Licorice Candy Market Sales Revenue | 121212 | $ 12.8944 Million | 121212 | $ 16.3375 Million | 3.003% |
Russia Licorice Candy Market Sales Revenue | 121212 | $ 46.8694 Million | 121212 | $ 55.4589 Million | 2.126% |
Switzerland Licorice Candy Market Sales Revenue | 121212 | $ 23.5494 Million | 121212 | $ 29.4275 Million | 2.825% |
Italy Licorice Candy Market Sales Revenue | 121212 | $ 48.4376 Million | 121212 | $ 58.3691 Million | 2.359% |
Denmark Licorice Candy Market Sales Revenue | 121212 | $ 24.1418 Million | 121212 | $ 29.9668 Million | 2.739% |
France Licorice Candy Market Sales Revenue | 121212 | $ 67.8664 Million | 121212 | $ 83.8763 Million | 2.683% |
Sweden Licorice Candy Market Sales Revenue | 121212 | $ 22.0986 Million | 121212 | $ 28.0872 Million | 3.043% |
Germany Licorice Candy Market Sales Revenue | 121212 | $ 98.9453 Million | 121212 | $ 131.512 Million | 3.621% |
Rest of Europe Licorice Candy Market Sales Revenue | 121212 | $ 19.9539 Million | 121212 | $ 28.8895 Million | 4.734% |
Asia Pacific Licorice Candy Market Sales Revenue | 121212 | $ 323.556 Million | 121212 | $ 439.952 Million | 3.916% |
South East Asia Licorice Candy Market Sales Revenue | 121212 | $ 17.0311 Million | 121212 | $ 23.7506 Million | 4.245% |
Japan Licorice Candy Market Sales Revenue | 121212 | $ 77.8065 Million | 121212 | $ 98.6763 Million | 3.015% |
Singapore Licorice Candy Market Sales Revenue | 121212 | $ 14.8924 Million | 121212 | $ 19.5795 Million | 3.48% |
China Licorice Candy Market Sales Revenue | 121212 | $ 98.2515 Million | 121212 | $ 136.201 Million | 4.167% |
Australia Licorice Candy Market Sales Revenue | 121212 | $ 17.5991 Million | 121212 | $ 23.3008 Million | 3.57% |
South Korea Licorice Candy Market Sales Revenue | 121212 | $ 33.6823 Million | 121212 | $ 45.1762 Million | 3.738% |
Taiwan Licorice Candy Market Sales Revenue | 121212 | $ 7.426 Million | 121212 | $ 9.8864 Million | 3.642% |
India Licorice Candy Market Sales Revenue | 121212 | $ 51.4521 Million | 121212 | $ 73.6763 Million | 4.59% |
Rest of APAC Licorice Candy Market Sales Revenue | 121212 | $ 5.4154 Million | 121212 | $ 9.7043 Million | 7.564% |
South America Licorice Candy Market Sales Revenue | 121212 | $ 84.487 Million | 121212 | $ 105.012 Million | 2.756% |
Colombia Licorice Candy Market Sales Revenue | 121212 | $ 8.8745 Million | 121212 | $ 11.2169 Million | 2.971% |
Argentina Licorice Candy Market Sales Revenue | 121212 | $ 17.0821 Million | 121212 | $ 21.578 Million | 2.964% |
Brazil Licorice Candy Market Sales Revenue | 121212 | $ 34.0922 Million | 121212 | $ 43.0905 Million | 2.971% |
Chile Licorice Candy Market Sales Revenue | 121212 | $ 3.711 Million | 121212 | $ 4.5291 Million | 2.521% |
Peru Licorice Candy Market Sales Revenue | 121212 | $ 7.664 Million | 121212 | $ 9.161 Million | 2.255% |
Rest of South America Licorice Candy Market Sales Revenue | 121212 | $ 13.063 Million | 121212 | $ 15.436 Million | 2.109% |
Middle East Licorice Candy Market Sales Revenue | 121212 | $ 95.776 Million | 121212 | $ 128.351 Million | 3.727% |
Egypt Licorice Candy Market Sales Revenue | 121212 | $ 9.599 Million | 121212 | $ 12.49 Million | 3.3% |
UAE Licorice Candy Market Sales Revenue | 121212 | $ 19.356 Million | 121212 | $ 27.265 Million | 4.375% |
Turkey Licorice Candy Market Sales Revenue | 121212 | $ 18.801 Million | 121212 | $ 24.82 Million | 3.533% |
Saudi Arabia Licorice Candy Market Sales Revenue | 121212 | $ 28.469 Million | 121212 | $ 39.762 Million | 4.3% |
Qatar Licorice Candy Market Sales Revenue | 121212 | $ 9.162 Million | 121212 | $ 12.401 Million | 3.856% |
Rest of Middle East Licorice Candy Market Sales Revenue | 121212 | $ 10.389 Million | 121212 | $ 11.612 Million | 1.401% |
Africa Licorice Candy Market Sales Revenue | 121212 | $ 66.418 Million | 121212 | $ 111.744 Million | 6.719% |
South Africa Licorice Candy Market Sales Revenue | 121212 | $ 26.717 Million | 121212 | $ 45.773 Million | 6.961% |
Nigeria Licorice Candy Market Sales Revenue | 121212 | $ 20.02 Million | 121212 | $ 34.332 Million | 6.974% |
Rest of Africa Licorice Candy Market Sales Revenue | 121212 | $ 19.681 Million | 121212 | $ 31.64 Million | 6.114% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Licorice Candy industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Licorice Candy Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Market Dynamics such as Drivers, Restraints, Opportunities, Trends data
Market drivers of Licorice Candy are critical factors that drives the growth and development of a consumer goods industry. Market drivers are key to generating demand in the Licorice Candy market. Understanding these drivers helps to make informed strategic decisions. In terms of consumer goods industry the driving factors are advanced technologies, changing consumer preferences, urbanization and rising disposable income
Market restraints are the factors that limits the growth and development of a consumer goods industry. Restraints are the challenges that navigate to achieve success. Understanding Licorice Candy market restraints is crucial,as they help in identifying potential risks and areas for improvement in consumer goods industry. Market restraints can spur innovations in consumer goods market.
Market opportunities are crucial for the consumer goods industry, it represent potential areas of growth, innovation, and competitive advantage. Identifying and leveraging these opportunities for the Licorice Candy is essential to expand their market presence, increase profitability, and stay ahead of the competition. Market opportunities serve as catalysts for growth. Whether it’s tapping into new consumer segments, exploring emerging markets, or developing new products or services, opportunities provide the path to expansion.
We have various report editions of Licorice Candy Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
Consumer goods companies are encountering various challenges, such as shifting consumer preferences, supply chain disruptions, and rising raw material costs. In response, several leading players in the industry are embracing new technologies to enhance their product offerings. This study provides valuable insights into competitors’ revenue generation, key strategies, recent developments, and includes a comprehensive S.W.O.T. analysis, offering a clearer understanding of the competitive landscape and market positioning. To gain more insights about the leading players you can access the paid version of this report.
Top Companies Market Share in Licorice Candy Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Region and country analysis section of Licorice Candy Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Licorice Candy market.
The current report Scope analyzes Licorice Candy Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Licorice Candy Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Licorice Candy Industry growth. Licorice Candy market has been segmented with the help of its Type, Application , and others. Licorice Candy market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
We have defined the scope of the Licorice Candy market using a blend of primary and secondary research approaches. The Type segment analysis of the Licorice Candy market offers comprehensive insights into the revenue share and performance of key segments, along with an explanation of the factors contributing to their dominance at both global and regional levels. Additionally, we have included data on Black Pure Licorice, Multiple Layer Candy with Licorice, Others segment revenue and year-on-year (Y-O-Y) growth, along with an in depth qualitative analysis.
The Licorice Candy market segment analysis, which covers various product types, helps businesses explore new markets and diversify their customer base. This section is crafted to generate additional revenue streams and strengthen a company's competitive position in the market. We also provide the flexibility to create a customized scope based on the specific requirements of our clients.
Type of Licorice Candy analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Licorice Candy Industry. Request a Free Sample PDF!
This industry is one of the most evolving industry, driven by advanced technologies, changing consumer preferences, urbanization and rising disposable income. In this chapter, we present the Licorice Candy market size, revenue share, and growth rate for each application/end-user segment, both globally and at the regional level.
Additionally, we provide qualitative insights, such as key driving and restraining factors that influence the growth of the Licorice Candy market. This section offers valuable information for companies to gain a deeper understanding of market trends, challenges, and technological advancements. By leveraging this analysis, businesses can develop strategies and make well informed decisions to stay competitive in a rapidly changing and highly competitive market.
Some of the key Application of Licorice Candy are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research Analyst at Cognitive Market Research
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Licorice Candy Market is witnessing significant growth in the near future.
In 2023, the Black Pure Licorice segment accounted for noticeable share of global Licorice Candy Market and is projected to experience significant growth in the near future.
The Restaurants and Hotels segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies The Old Time Candy Company, Darrell Lea Confectionery Co. Pty. Ltd. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Black Pure Licorice, Multiple Layer Candy with Licorice, Others |
Application | Restaurants and Hotels, Schools and Institutions, Recreational and Sports Centers, Household Comsumption |
List of Competitors | The Old Time Candy Company, Gimbals Fine Candies, Darrell Lea Confectionery Co. Pty. Ltd., Kennyscandy, Sweet Gourmet, Red Vines, RJ'S, Kookaburra Liquorice, Air Heads, CandyCrate, American Licorice Company, Hershey's, Switzer's Authentic Candy, Kenny's Candy, RJ's Licorice |
This chapter will help you gain GLOBAL Market Analysis of Licorice Candy. Further deep in this chapter, you will be able to review Global Licorice Candy Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Licorice Candy. Further deep in this chapter, you will be able to review North America Licorice Candy Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Licorice Candy. Further deep in this chapter, you will be able to review Europe Licorice Candy Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Licorice Candy. Further deep in this chapter, you will be able to review Asia Pacific Licorice Candy Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Licorice Candy. Further deep in this chapter, you will be able to review South America Licorice Candy Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Licorice Candy. Further deep in this chapter, you will be able to review Middle East Licorice Candy Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Licorice Candy. Further deep in this chapter, you will be able to review Middle East Licorice Candy Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Licorice Candy. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Licorice Candy market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Black Pure Licorice have a significant impact on Licorice Candy market? |
What are the key factors affecting the Black Pure Licorice and Multiple Layer Candy with Licorice of Licorice Candy Market? |
What is the CAGR/Growth Rate of Restaurants and Hotels during the forecast period? |
By type, which segment accounted for largest share of the global Licorice Candy Market? |
Which region is expected to dominate the global Licorice Candy Market within the forecast period? |
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