According
to MRFR, the global throat lozenges
market is expected to witness a moderate CAGR of 4.20% and
generate a market value of USD 6.58 Billion by the end of 2023.
COVID-19
Analysis
A
positive effect of the COVID-19 pandemic is expected on the Global Throat
Lozenges Market. The typical signs of COVID-19 are a sore throat and coughing.
Therefore, people under home confinement have been using at-home remedies for
COVID-19 such as throat lozenges for chronic cough and over-the-counter pain
relief for body aches. Therefore, in the next 2 to 3 years, the growing demand
for throat lozenges for the treatment of initial COVID-19 symptoms of coughing
and throat pain is expected to fuel the growth of the market for throat
lozenges. The growing demand for throat lozenges has also led to the production
of throat lozenges by companies from different industries.
Browse
Sample of the Report @ https://www.marketresearchfuture.com/sample_request/1212
Throat
infections are common, and lozenges are usually the first line of defence for
such conditions. Throat lozenges brands continue to leverage marketing tools to
increase the commercial visibility of their product. Other factors that
are linked with the growth of global throat lozenges market include the
development of new ingredients, rapid product penetration in fast-developing
countries and low-price of throat lozenges. However, the availability of
alternative treatments and therapies somewhat inhibit the market opportunities
for throat lozenges.
Global
Throat Lozenges Market: Segmental Analysis
MRFR’s
report include a descriptive segmental analysis of the market based on type,
ingredient, and indication. By type, the market has been segmented into
hard-candy lozenges, soft lozenges, and compressed lozenges. The
hard-candy segment is further sub-segmented into chewy or caramel based
medicated tablets and centre filled hard-candy lozenges. The hard candy
lozenges segment currently accounts for more than one-third share of the market
and is expected to remain highly lucrative during the forecast period. In 2017,
over USD 2400 Mn worth hard-candy lozenges were sold globally. By ingredient,
the market has been segmented into menthol, eucalyptus oil, mint, peppermint
oil, honey & ginger, lemon, and others. Among these, the menthol segment
accounts for the largest market share. In 2017, the segment reached a market
valuation in excess of USD 1700 Mn and projected to expand at a CAGR of 3.45%
by 2023. By indication, the market has been segmented into cold and cough, sore
throat, throat diseases, and others. The sore throat segment holds the pole
position and the trend is likely to continue over 2023. The segment surpassed a
market valuation of USD 2400 Mn in 2017.
Global
Throat Lozenges Market: Regional Analysis
The
report also includes a regional analysis of the market that covers Europe,
North America, Asia Pacific (APAC), South America and the Middle East &
Africa (MEA). Currently, North America and South America collectively account
for the largest market share. In 2017, the Americas accounted for more that 31%
share of the market. North America in particular is expected to remain an
important market for throat lozenges during the review period. Sales of OTC
medial products including throat lozenges will continue to grow in the region
in the years to come. Meanwhile, Europe has emerged as the single largest
market for throat lozenges. Prevalence of common cold is considerably high in
various parts of Europe, which acts as favorable element for the region’s
throat lozenges market.
Global
Throat Lozenges Market: Competitive Landscape
Bausch
Health Companies Inc, Procter & Gamble, Prestige Brands Inc, Wrigley
Company, Reckitt Benkiser Group plc, Gepach International, Bliss GVS Pharma
Ltd, Thornton & Ross, Ricola AG, Ernest Jackson, Mondelēz International
group, GlaxoSmithKline, Pfizer Inc., Doestsch Grether AG are some of the
leading companies profiled in MRFR’s report.
Browse
More Details of the Report @ https://www.marketresearchfuture.com/reports/throat-lozenges-market-1212
About US:
Market Research Future (MRFR), enable customers to
unravel the complexity of various industries through Cooked Research Report
(CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R),
Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Us:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
Phone: +1 646 845 9312
Email: sales@marketresearchfuture.com
No comments:
Post a Comment