This report provides exclusive insights into the COVID-19 impact on the Medicated Confectionery Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Medicated Confectionery Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Medicated Confectionery Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on the medicated
confectionery market provides an in-depth analysis of segments and sub-segments in
the global as well as regional medicated confectionery market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional medicated confectionery market over the short term as well
as long term. The report is a comprehensive presentation of trends, forecast
and dollar values of the global medicated confectionery market. According to the
report, the global medicated confectionery market is projected to grow at a
CAGR of 3.26% over the forecast period of 2019-2025.
Market Insight
Confectionary is a rapidly growing industry. It includes various
products such as sweets, candies, chocolates, and chewing gums. The specific
requirement of the customers is changing industry dynamics. Medicated
confectionery fulfills the demand of the consumers who need medicinal functions
such as cough relief, acidity control, and oral care. The medical confectionery
market is highly competitive and fragmented in nature. Only a few major players
in the market including Nestlé S.A, Mondelez International, Inc., Procter &
Gamble Co. accounts for a large amount of market share. The other key players in
the market including Reckitt Benckiser Group plc, Perfetti Van Melle Group
B.V., Wm. Wrigley Jr. company, Ricola Ltd, Herbion International Inc., Hershey
Company, Meda AB and others are focusing on the strategic acquisition and product
innovation to maintain their position in the market.
The growing awareness of treatment for minor ailments is majorly
driving the medicated confectionery market. Hay fever, cough, and acidity are
some of the common disorders experienced by the people. Non-prescribed drugs
and medicated confectioneries can be used for their treatment, which in turn
boost the demand for the medicated confectionery. Moreover, the expansion of
over-the-counter medicated confectioneries is increasing the growth of the
medicated confectionery market. The key market players are introducing new and
innovative over-the-counter medicated confectioneries, which supports the
growth of the market. Furthermore, the rise in the prevalence of various
allergies among the population is supporting the demand for confectioneries.
However, fluctuating prices of the raw materials are the major restraining factor for the growth of the medicated confectionery market. Nevertheless, the
growing focus on packaging and marketing of the product is expected to offer
lucrative opportunities for the key players in the medicated confectionery
market.
In terms of region, North America held the highest market share,
dominating the global medicated confectionery market. The dominance of the
North America market attributed to growing cases of cold and cough due to low
temperatures during winters, and the rising pollution due to vehicles. Moreover,
the presence of the key players in the market is expected to boost the growth
of the medicated confectionery market in North America.

Segment Covered
The report on the global medicated confectionery market covers
segments such as type and distribution channel. On the basis of type, the
sub-markets include hard boiled candies, pastilles, chewing gums, and other
types. On the basis of the distribution channel, the sub-markets include
convenience stores, supermarkets and hypermarkets, specialist stores, and
online retail.
Companies Profiled:
The report provides profiles of the companies in the market such
as Mondelez International, Inc., Nestlé SA, Procter & Gamble Co, Reckitt
Benckiser Group plc, Perfetti Van Melle Group B.V., Wm. Wrigley Jr. Company,
Ricola Ltd, Herbion International Inc., Hershey Company, Meda AB, and other
companies.
Report Highlights:
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical tools
such as Porter's five forces analysis and DRO analysis of the medicated
confectionery market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.