Global Medicated Confectionery Market - Segmented by Distribution Channel and Geography - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4534365
  • Report
  • Region: Global
  • 103 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Mars Incorporated
  • Nestlé SA
  • Perfetti Van Melle
  • Procter & Gamble Co.
  • Ricola Ltd
  • The Hershey Company
  • MORE
The global medicated confectionery market is expected to reach USD 7.5 billion by 2023 witnessing a fastest CAGR during the forecast period. The global medicated confectionery sale has surpassed 350 million Kg in 2016. The global Medicated Confectionery market is expected to maintain a volume CAGR of 1.8%, during the forecast period.

The scope of the market includes sugar confectionery containing herbs and/or plants extracts, cough drops, lozenges, and all other sugar confectionery products that make health claims e.g. Halls. Asia-Pacific is the most significant market holding a market share of % in 2017 mainly driven by India and China. China is the fastest growing Medicated Confectionery market witnessing a volume CAGR of 2.6%, during the forecast period. Expanding retail distribution, such as supermarkets/hypermarkets, remains the key driver for emerging markets.

Rising Hay Fever and Allergen

Growing adoption of western lifestyle is giving rise to allergic rhinitis in developing countries. The cases of hay fever, asthma and allergen are more prominent in developing region as compared to developed countries. Seasonal allergic rhinitis - hay fever is responsible for 4 million sick globally and sick’s about 40-60 million Americans yearly. Medicated confectionery containing active ingredients, such as antacids, vitamins, and herbal extracts are used to prevent such cases thus driving sales. Herbs, such as guarana, ginsengs imparts energy while extracts, such as green tea, superfruits provide antioxidants that boosts immune. The demand for antioxidants is growing owing to its health benefits in herbal confectionery market. Acerola and ginseng are the most consumed active ingredients used in the product, which is followed by green tea extracts. Herbal confectionery is gaining attraction due to natural and organic nature and its health claim. Medicated confectionery infused with herbs are continue to grow at a faster pace. However, vitamin fortified confectionery sale is expected to dominate in future as well, owing to cheap price and bulk volume demand.

Asia-Pacific Driving Sales

China dominates the medicated confectionery market in Asia-Pacific, which is followed by Japan. Asia-Pacific medicated confectionery market size around 101.2 million Kg in 2017, which is growing at a faster rate. Increased demand for herbal infused products due to its health benefit is driving the market. Medicated confectionery has high demand mainly during winters due to increased influence of cold and cough. Despite of the economic slowdown on consumer goods in China, medicated confectionery has performed well.

Key Developments
  • September 2017 - Baker Perkins, which supplies confectionery equipment to confectionery companies developed new technology for functional and medicated confectionery sector in the form of ServoForm Mini. It has easier and palatable methods to develop gummy, jellies, lollipop, and hard candies format for vitamins, minerals, and supplements. Companies can increase their production capacity with this machine from 200 to 2000 Kg per hour without changing process.
  • April 2017 - Mondelēz International, popular medicated confectionery brand Halls launched Halls XS Honey Lemon, a new flavor to reinforce its Halls XS variant’s presence in Singapore
The global medicated confectionery market is competitive with large number of domestic and multinational player competing for market share. Acquisition and product innovation claiming sugar-free is the main strategy adopted by players.

Major players include - NESTLÉ S.A, MONDELĒZ INTERNATIONAL, INC., PROCTER & GAMBLE CO., PERFETTI VAN MELLE, RECKITT BENCKISER GROUP PLC, RICOLA LTD., amongst others.

Reasons to Purchase this Report
  • Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
  • Market dynamics scenario along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Market value (USD Million) and volume (Kg Million) data for each segment and sub segment
  • Distribution Channel sales Analysis by Value
  • Competitive landscape involving the market share of major players, along with the new product launch and strategies adopted by players in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel
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FEATURED COMPANIES

  • Mars Incorporated
  • Nestlé SA
  • Perfetti Van Melle
  • Procter & Gamble Co.
  • Ricola Ltd
  • The Hershey Company
  • MORE
1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Scope of the Market

2. Research Approach and Methodology
2.1 Introduction
2.2 Research Design
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation

3. Market Overview
3.1 Market Trends
3.2 Market Dynamics
3.2.1 Drivers
3.2.1.1 Growing Consumer Demand for Active Ingredients In Confectionery
3.2.1.2 Consumers Seeking Relief from Hay-fever and Other Cold-related Issues
3.2.1.3 Ban on Smoking in Public Places
3.2.2 Restraints
3.2.2.1 Fluctuating Sugar Prices
3.2.3 Opportunities
3.2.3.1 Growing Demand for Sugar-free Confectionery
3.2.4 Porter's Five Forces Analysis
3.2.4.1 Bargaining Power of Suppliers
3.2.4.2 Bargaining Power of Buyers
3.2.4.3 Threat of New Entrants
3.2.4.4 Threat of Substitute Products and Services
3.2.4.5 Degree of Competition

4. Market Segmentation
4.1 By Distribution Channel
4.1.1 Warehouse Clubs
4.1.2 Convenience Stores
4.1.3 Specialist Retailers
4.1.4 Supermarkets and Hypermarkets
4.1.5 Variety Stores
4.1.6 Online Retail
4.1.7 Department Stores
4.1.8 Others
4.2 By Geography
4.2.1 North America
4.2.1.1 United States
4.2.1.2 Canada
4.2.1.3 Mexico
4.2.2 Europe
4.2.2.1 Western Europe
4.2.2.1.1 Germany
4.2.2.1.2 United Kingdom
4.2.2.1.3 France
4.2.2.1.4 Italy
4.2.2.1.5 Spain
4.2.2.1.6 Rest of Western Europe
4.2.2.2 Central and Eastern Europe
4.2.2.2.1 Russia
4.2.2.2.2 Poland
4.2.2.2.3 The Czech Republic
4.2.2.2.4 Hungary
4.2.2.2.5 Rest of Central Europe
4.2.3 Asia-Pacific
4.2.3.1 China
4.2.3.2 India
4.2.3.3 Australia
4.2.3.4 Japan
4.2.3.5 Rest of Asia-Pacific
4.2.4 South America
4.2.4.1 Argentina
4.2.4.2 Brazil
4.2.4.3 Colombia
4.2.4.4 Rest of South America
4.2.5 Middle East & Africa
4.2.5.1 South Africa
4.2.5.2 Saudi Arabia
4.2.5.3 United Arab Emirates
4.2.5.4 Rest of Middle East & Africa

5. Competitive Landscape
5.1 Market Share Analysis
5.2 Strategy Adopted By Key Players
5.3 Most Active Companies in the Past Five Years

6. List of Company Profiles
6.1 Overview
6.2 Products & Services
6.3 Financials
6.4 Key Developments
6.5 Strategies Adopted
6.6 SWOT Analysis of Major Five Players

7. Companies Covered
7.1 Mondelēz International, Inc.
7.2 Nestlé SA
7.3 Procter & Gamble Co.
7.4 Perfetti Van Melle
7.5 Reckitt Benckiser Group Plc
7.6 Ricola Ltd
7.7 Wm. Wrigley Jr. Company
7.8 Herbion International Inc.
7.9 the Hershey Company
7.10 Mars, Incorporated

8. Appendix
8.1 Disclaimer
8.2 Sources
LIST OF TABLES
1: Medicated Confectionery Market: Revenue in USD million, by Region, Global, 2015-2023

2. Medicated Confectionery Market: Revenue in USD million, by Distribution Channel, Global, 2015-2023

3. Medicated Confectionery Market: Revenue in USD million, by Country, North America, 2015-2023

4. Medicated Confectionery Market: Revenue in USD million, by Distribution Channel, North America, 2015-2023

5. Medicated Confectionery Market: Revenue in USD million, by Country, South America, 2015-2023

6. Medicated Confectionery Market: Revenue in USD million, by Distribution Channel, South America, 2015-2023

7. Medicated Confectionery Market: Revenue in USD million, by Country, Europe, 2015-2023

8. Medicated Confectionery Market: Revenue in USD million, by Distribution Channel, Europe, 2015-2023

9. Medicated Confectionery Market: Revenue in USD million, by Country, Asia-Pacific, 2015-2023

10. Medicated Confectionery Market: Revenue in USD million, by Distribution Channel, Asia-Pacific, 2015-2023

11. Medicated Confectionery Market: Revenue in USD million, by Country, Middle East & Africa, 2015-2023
12: Medicated Confectionery Market: Revenue in USD million, by Distribution Channel, Middle East & Africa, 2015-2023
13: Medicated Confectionery Market: Volume in million Kg, by Region, Global, 2015-2023
14: Medicated Confectionery Market: Volume in million Kg, by Country, North America, 2015-2023
15: Medicated Confectionery Market: Volume in million Kg, by Country, South America, 2015-2023
16: Medicated Confectionery Market: Volume in million Kg, by Country, Europe, 2015-2023
17: Medicated Confectionery Market: Volume in million Kg, by Country, Asia-Pacific, 2015-2023
18: Medicated Confectionery Market: Volume in million Kg, by Country, Middle East & Africa, 2015-2023
19: Western Europe Medicated Confectionery Market Volume, By Country, 2015-2023 (Million Kg)
20: Eastern Europe Medicated Confectionery Market Volume, By Country, 2015-2023 (Million Kg)
21: Middle East & Africa Medicated Confectionery Market Volume, By Country, 2015-2023 (Million Kg)
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  • Mondelez International Inc.
  • Nestlé SA
  • Procter & Gamble Co.
  • Perfetti Van Melle
  • Reckitt Benckiser Group Plc
  • Ricola Ltd
  • Wm. Wrigley Jr. Company
  • Herbion International Inc.
  • The Hershey Company
  • Mars Incorporated
Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown
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