Medicated Confectionery Market Review 2021: Growth Seen on Heavy Volume | Hershey s, Ricola, Mondelez
iCrowd Newswire
05 Aug 2021, 16:03 GMT+10
The Medicated Confectionery Market has witnessed continuous growth in past few years and is projected to grow at good pace during the forecast period of 2021-2026. The exploration provides a 360° view and insights, highlighting major outcomes of Medicated Confectionery industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. Additionally, the study helps venture or emerging players in understanding the businesses to make well-informed decisions. Some of the major and emerging players within the market are Meda Pharmaceuticals, Reckitt Benckiser, Procter & Gamble, Jakemans, Wm. Wrigley Jr. Company, Ernest Jackson, Pedimont Candy Company, HEXOS, Herbion International, Perfetti Van Melle, Hershey s, Ricola, Mondelez International, Nestle, UHA Mikakuto
COVID-19 Impact:
In the early months of the pandemic, the halt on sugar and chocolate processing plants had a huge impact on food demand. For example, in reaction to the COVID-19 outbreak in the United States, The Hershey Company voluntarily shut down all of its manufacturing facilities from March 16 to March 29, 2020.
During the lockdown, supply chain disruptions, labour shortages, trade sanctions, and shipping and logistics fluctuations were all experienced. According to the CEO of the National Confectioners Association (NCA), consumers ate more meals at home during the quarantine period, reduced their supermarket visits, and increased their satisfaction levels with online shopping.
Pune, India, July 07, 2021 (GLOBE NEWSWIRE) The global
confectionery market size is projected to reach USD 242.53 billion by 2028, registering a CAGR of 3.8% during the forecast period. Rising health consciousness among consumers will play a key role in augmenting the growth of this market, shares Fortune Business Insights™ in its recent report, titled “Confectionery Market, 2021-2028”. The market size stood at USD 188.52 billion in 2020.
Manufactured chocolate bars and candies are known to contain large amounts of artificial sweeteners. With increasing prevalence of lifestyle-related disorders, even the most ardent chocolate-lovers are getting increasingly inclined towards organic and natural ingredients-based products. For example, the Swiss chocolate-maker Barry Callebaut’s research found that the market value for organic chocolates currently stands at €30 million in Western Europe alone. This figure shows that the shifting consumer preference for chocolate and othe
Technavio Research: Global Medicated Confectionery Market Will Grow by Over $1 Billion During 2020-2024 | Technavio
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Technavio has announced its latest market research report titled Global Medicated Confectionery Market 2020-2024 (Graphic: Business Wire).
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The report on the medicated confectionery market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment. The market is driven by a smoking ban in public places.