The article cited AMA's Global Licorice Candy Market Study explored substantial growth with CAGR of 4.6%. According the report, Adoption of These Licorice Candies, Owing to the Fact That They Help in Quitting Smoking, as Licorice is a Common Ingredient in Tobacco is one of the primary growth factors for the market. The Growth in Population is also expected to contribute significantly to the Licorice Candy market. Overall, Personal Consumption applications of Licorice Candy, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Mars Inc. (United States), Mondelez International Inc. (United States), Barcel S.A. (Mexico), Nestle SA (Switzerland), Hershey Foods Corp. (United States), Meiji Co. Ltd.(Japan), Perfetti Van Melle SpA (Italy), Haribo GmbH & Co. (Germany), August Storck KG (Germany), Yildiz Holding (Turkey) and United Confectioners (Russia) may see astonishing sales in this Market and certainly improve revenue growth.

The Ingredients, such as Licorice Extract, is boosting the Licorice Candy market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Distribution Channels, such as Online, is boosting the Licorice Candy market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Packaging, such as Re-closable Zipper Bags, is boosting the Licorice Candy market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Licorice Candy market identified that the demand is rising in many different parts of the world as "Rising Focus on Younger Consumer Based Licorice Candy through New Inventions ". Furthermore, some recent industry insights like "In April 2021, HI-CHEW launched a new HI-CHEW fruit combos stand up pouch. It creates a fruit-forward experience with interesting flavors like tropical smoothie, pina colada, and the fresh strawberry lemonade. Each chewlet in the pouch is wrapped up with two layers of juicy and mouthwatering goodness." is constantly making the industry dynamic. One of the challenges that industry facing is "Growing Dominance of the Local Players and Increasing the risk of adulteration"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Licorice Candy market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Licorice Candy market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Licorice Candy market tight?
• Which application/end-user category or Product Type [Black Licorice, Red Licorice, Salty Licorice and Others] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Licorice Candy market and other related sub-markets covered in the study.

o Key & emerging players in the Licorice Candy market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Licorice Candy market size is calculated using market estimation process, the Licorice Candy market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Licorice Candy market size has been validated using both top-down and bottom-up approaches.