Medicated Confectionery Market Size

Statistics for the 2023 & 2024 Medicated Confectionery market size, created by Mordor Intelligence™ Industry Reports. Medicated Confectionery size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Medicated Confectionery Industry

Medicated Confectionery Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.30 %
Fastest Growing Market North America
Largest Market Asia Pacific
Market Concentration Low

Major Players

Medicated Confectionery Market Major Players

*Disclaimer: Major Players sorted in no particular order


Need a report that reflects how COVID-19 has impacted this market and its growth?

Medicated Confectionery Market Analysis

The global medicated confectionery market is growing at a CAGR of 4.3% over the next five years.

  • The global confectionery market is witnessing growth due to various factors, including the increasing consumer preference for a healthy lifestyle and changing taste preferences. The market is also benefiting from the rising spending on confectionery products. Leading players in the industry are contributing to this growth through innovation, such as the development of sugar-free and organic chocolates.
  • Consumers are showing a preference for herbal-based confectionery products like snack bars and candies because they offer more energy and can be consumed as a meal replacement. Manufacturers are also creating healthier confectionery products for children, who are typically more attracted to chocolates and candies. For example, in June 2022, The Gummy Project Inc meticulously navigated its way into the booming global gummy market with 'better for you' low-sugar, plant-based, gluten-free gummy products and a purpose-driven approach. By tapping into the public's desire for 'better for you' candy options while supporting the planet's endangered species, the company established its own footprint in the industry-one gummy at a time.
  • In addition, the demand for herbal and Ayurvedic products is increasing due to their perceived health benefits over traditional confectionery products. Consequently, manufacturers are incorporating herbal and medicinal plant extracts into their confectionery products to attract more customers. However, the market is facing some challenges, such as the decreased availability of sugar substitutes and the growing popularity of artificial sweeteners, shifting consumer preferences away from natural sweeteners. Despite these challenges, frequent product launches by manufacturers are playing a vital role in the market's growth.

Medicated Confectionery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)