The global throat lozenges market is likely to touch USD 6000 million at a 4.2% CAGR between 2018- 2023, as per the recent report by Market Research Future (MRFR). Throat lozenges or cough drops or cough sweet are used for stopping the cough temporarily. These tablets dissolve in the mouth to give relief from common cough. These lozenges help to lubricate and soothe tissues that are affected by common cold or influenza.
Various factors are adding to the Throat Lozenges Market Growth. According to the new MRFR report, such factors include low-price, rapid product penetration especially in fast-developing countries, development of new ingredients, increasing aging population that is susceptible to a throat infection, new lifestyle that is responsible for reducing the immunity of the body, and the rising cases of colds and coughs. Besides, the rising numbers of HIV patients worldwide who suffer from throat infection are also adding market growth.
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The COVID-19 outbreak had a positive impact on the throat lozenges market with cough & sore throat being the common symptoms of the novel coronavirus. People in home isolation are taking throat lozenges and OTC pain reliever for persistent cough and body aches, which is boosting the market growth. On the contrary, the availability of alternative therapies and treatments may impede the throat lozenges market growth over the forecast period.
MRFR’s report on the throat lozenges provides a descriptive analysis of type, ingredient, and indication.
- By Type, the throat lozenges market includes soft lozenges, hard-candy lozenges, and compressed lozenges.
- By Ingredient, the market on the throat lozenges can be segmented based on eucalyptus oil, mint, menthol, honey & ginger, lemon, peppermint oil, and others.
- By Indication, the market report contains segments like sore throat, throat diseases, cold and cough, and others.
The global market for throat lozenges is getting ample backing from the strategic changes launched by companies like Bliss GVS Pharma Ltd, Doetsch Grether AG, Ernest Jackson, Thornton & Ross, GlaxoSmithKline, Bausch Health Companies Inc, Reckitt Benckiser Group plc, Prestige Brands Inc, Procter & Gamble, Ricola AG, Pfizer Inc., Wrigley Company, and Gepach International.
Based on the region, the global throat lozenges market report covers the growth opportunities and recent trends across the Americas, Europe, the Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA). Of these, North America is predicted to lead the market over the forecast period. Increasing sales of over-the-counter medical products such as throat lozenges and the presence of key throat lozenges manufacturers are adding to the growth of the market in the region. The US & Canada are the major contributors in the region for the cold temperature that accentuates cold and cough.
The global throat lozenges market in Europe is predicted to hold the second-largest share over the forecast period. The presence of large geriatric population, increasing prevalence of common cold, and Europe being the largest throat lozenges market is adding to the growth of the market in the region.
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The global throat lozenges market in the APAC region is predicted to grow at a fast pace over the forecast period. The huge geriatric and pediatric population is adding to the growth of the market in the region. The global throat lozenges market in Latin America and the MEA is predicted to have sound growth over the forecast period.
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