The licorice candies market in Spain reached a market size of 139.63 million euros in 2023. Over the past decade, the market has experienced fluctuations, but it generally indicates a growth trend. Notably, there were downturns in 2019 and 2020, and a recovery began in 2021. The years up to 2023 showed stability with moderate growth, witnessing a year-on-year increase of 2.25% as of the last year. The compound annual growth rate (CAGR) over the last five years stood at 1.32%, reflecting a steady but slow expansion in the market.

Future trends to watch for include:

Changes in consumer preferences towards healthier products, impacting traditional candy sales.
Increasing demand for organic and natural products that may boost sales.
Potential expansion of market reach through e-commerce channels.
Innovations in product offerings, such as new flavors or functional benefits, could drive market growth.
Economic factors and regulatory changes impacting raw material prices.