Liquorice (British English) or licorice (American English) is a confection usually flavoured and coloured black with the extract of the roots of the liquorice plant glycyrrhiza glabra.
Of the major brands of licorice candy, Twizzzlers maintained its first place in the ranking in 2019, accounted for 20.64% global market share. Other players accounted for 4.39% and 3.65% including Red Vines and Wiley Wallaby. Europe is the largest consumption area, making up 52.79% in 2019. North America ranks the second, total Licorice Candy accounted for 34.06%.

The global Licorice Candy market is valued at US$ 1426.6 million in 2020 is expected to reach US$ 1963 million by the end of 2026, growing at a CAGR of 4.6% during 2021-2026.
This report focuses on Licorice Candy volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Licorice Candy market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Australia and Middle East & Africa etc.
Market Segment Analysis
The research report includes specific segments by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type, the Licorice Candy market is segmented into
Original Black Licorice
Fruit Flavored Candy

On the basis of product

type, the fruit flavored candy segment is projected to account for the largest market share during the forecast period; this segment was estimated to account for 59.53% market share in 2019.

Segment by Application
Supermarket
Online Sales
Convenient Store
In the sales channels segment, the supermarket segment was estimated to account for the highest market share of 64.41% in 2019. Followed by convenient store, which accounted for 25.21%.

Global Licorice Candy Market: Regional Analysis
The Licorice Candy market is analysed and market size information is provided by regions (countries). The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026.
The key regions covered in the Licorice Candy market report are:
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Global Licorice Candy Market: Competitive Analysis
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2015 to 2019.
The major players in global Licorice Candy market include:
Twizzzlers
Red Vines
Wiley Wallaby
Venco
Good & Plenty
Halva
Klene
RJ’S
Kraepelien & Holm
Kenny’s Candy
Switzer’s Authentic Candy
Mrs. Call’s Candy
Gimbals Fine Candies
Kookaburra Liquorice