Medicated confectionery consists of formulations of active ingredients such as antacids, fruit vitamin extracts, and herbal extracts. They are formulated as ingredients for confectionery. Medicated confectionaries are mainly used in the production of medicines for various conditions such as congestion, colds, cough, inflammation of the throat, and others. If any medicine includes vitamins, herbal extracts, and antacids, they are also known as confectionery products.
MARKET DYNAMICS
The market is driven mainly by growing consumer demand for a healthier lifestyle, combined with a change in consumer taste preferences and rising spending on confectionery products. Increased occurrence of cough, cold, inflammation of the throat, and other treatments in the form of usable confectionery over the last few years. In addition, investments made by different industries High product innovation by leading players such as sugar-free and organic chocolates are further contributing to the growth of the global market. Moreover, regular product launches play a crucial role in the growth of the industry. Furthermore, strong candies, chewing gums, and pastilles are some of the popular forms of medicated confectionery products. These drugs are tasty and can be quickly ingested by children, which will boost its demand in the market. For instance, in April 2020, Mondel?z International, owner of Halls' famous medicated confectionery brand, launched Halls XS Honey Lemon, a new flavor to enhance the presence of Halls XS in Singapore.
MARKET SCOPE
The "Global Medicated confectionery Market Analysis to 2028" 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 medicated confectionery market with detailed market segmentation by product type, distribution channel, and geography. The global medicated confectionery market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading medicated confectionery market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global medicated confectionery market is segmented on the basis of product type, and distribution channel. On the basis of product type the global medicated confectionery market is segmented into hard candies, soft candies ( chewing gums, gummies & jellies, pastilles, and others). Based on distribution channel the global medicated confectionery market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others.
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 medicated confectionery market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The medicated confectionery 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 medicated confectionery market from both demand and supply side and further evaluates market dynamics affecting the market during 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 medicated confectionery market in these regions.
MARKET PLAYERS
The reports cover key developments in the medicated confectionery 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 market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from medicated confectionery market are anticipated to lucrative growth opportunities in the future with the rising demand for medicated confectionery in the global market. Below mentioned is the list of few companies engaged in the medicated confectionery market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the medicated confectionery 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.
- Ernest Jackson
- Procter & Gamble
- Ricola
- Cargill Incorporated
- Baker Perkins
- Lozen Pharma
- A.L. Simpkin & Co. Ltd
- Cafosa Gum
- Enorama Pharma
- SKYEPHARMA PRODUCTION SAS
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