Global Medicated Confectionery Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 16, 2018--The “Global Medicated Confectionery Market - Segmented by Distribution Channel and Geography - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The global medicated confectionery sale has surpassed 350 million kg in 2016. The 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 34% 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.
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. Medicated confectionery containing active ingredients, such as antacids, vitamins, and herbal extracts are used to prevent such cases thus driving sales.
China dominates the medicated confectionery market in Asia-Pacific, followed by Japan. The Asia-Pacific medicated confectionery market size stood at around 101.2 million kg in 2017, and is growing at a faster rate. The increased demand for herbal infused products due to health benefits is driving the market.
Companies MentionedMondelz International Inc. Nestle 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
Key Topics Covered:
2. Research Approach and Methodology
3. Market Overview
4. Market Segmentation
5. Competitive Landscape
6. List of Company Profiles
7. Companies Covered
For more information about this report visit https://www.researchandmarkets.com/research/9xz3wg/global_medicated?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180516005508/en/
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Related Topics:Snacks and Confectionery
INDUSTRY KEYWORD: HEALTH PHARMACEUTICAL RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 05/16/2018 04:35 AM/DISC: 05/16/2018 04:35 AM