Global medicated confectionery market - Global Industry Analysis by Size, Share and Forecast 2020 – 2027
Market Highlights Global Medicated Confectionery Market is projected to be valued at USD 6,861.0 Million by 2026, expanding at a CAGR of 4.51% during the forecast period. Medicated confectionery consists of formulations of active ingredients such as antacids, fruit vitamins extracts, and herbal extracts. They are formulated as confectionery products. They are used for many conditions such as minor throat irritations, coughs, colds, respiratory tract congestion, tooth whitening, allergies, and to quit smoking. The global medicated confectionery market is projected to grow at a significant pace during the forecast period. Health benefits associated with medicated confectionery is driving the growth of the market. The growth of the organized retail sector in Asia-Pacific is contributing to market growth. New product development is anticipated to create an opportunity for the manufacturers of medicated confectionery. However, increasing obesity and diabetes among the consumers is likely