Throat Lozenges

Throat Lozenges

Global Throat Lozenges Market to Reach US$7.9 Billion by 2030

The global market for Throat Lozenges estimated at US$5.7 Billion in the year 2023, is expected to reach US$7.9 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2023-2030. Hard Candy, one of the segments analyzed in the report, is expected to record a 5.2% CAGR and reach US$4.9 Billion by the end of the analysis period. Growth in the Soft Lozenges segment is estimated at 4.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.4 Billion While China is Forecast to Grow at 6.5% CAGR

The Throat Lozenges market in the U.S. is estimated at US$1.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 6.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.3% and 4.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.

Global Throat Lozenges Market - Key Trends & Drivers Summarized

Throat lozenges, commonly known as cough drops, are medicated tablets or candies designed to soothe throat irritation and suppress coughs. They typically contain active ingredients such as menthol, eucalyptus oil, honey, and various herbal extracts, which provide a cooling and soothing effect on the throat. Some lozenges also include mild anesthetics or antiseptics to reduce pain and fight infection. Available in a variety of flavors, throat lozenges are an over-the-counter remedy widely used to alleviate symptoms associated with colds, flu, and other respiratory conditions. The convenience and ease of use make them a popular choice among consumers seeking quick relief from throat discomfort and cough.

The market for throat lozenges has evolved significantly, driven by advancements in formulation and a growing emphasis on natural and organic ingredients. Manufacturers are increasingly incorporating plant-based extracts and essential oils, responding to consumer demand for more natural health solutions. Innovations have led to lozenges that not only provide symptom relief but also offer additional benefits such as immune support and antioxidant properties. Packaging has also improved, with options like resealable pouches and blister packs enhancing product convenience and shelf life. The availability of sugar-free and diabetic-friendly variants has expanded the market`s reach, catering to health-conscious consumers and those with specific dietary needs. Furthermore, the rise of e-commerce has made throat lozenges more accessible, allowing consumers to purchase a wide range of products online.

The growth in the throat lozenges market is driven by several factors, including the increasing prevalence of respiratory infections and the rising awareness of throat health. Seasonal changes and the global spread of flu and cold viruses have heightened the demand for effective symptomatic relief, boosting lozenge sales. Technological advancements in lozenge manufacturing have resulted in products with enhanced efficacy and faster onset of action. Additionally, the trend towards self-medication and the preference for over-the-counter remedies contribute significantly to market expansion. The growing elderly population, who are more prone to respiratory ailments, is another key driver. Marketing strategies emphasizing natural ingredients and health benefits are resonating well with consumers, further propelling market growth. Lastly, the expansion of distribution channels, particularly in emerging markets, is facilitating wider access to throat lozenges, supporting sustained market growth.

 

Select Competitors (Total 87 Featured) -

• Bayer AG
• Cipla Ltd.
• Church & Dwight Co., Inc.
• Blackmores Limited
• Amrutanjan Health Care Ltd.
• Anabolic Laboratories LLC
• Eclipse Pharmacy Solutions Inc.
• Beenz Limited
• Apex Drug House
• Boiron USA
• Blooms The Chemist Management Services Limited
• DC Nutrition Group Inc.
• Bionorica SE
• Beekeeper`s Naturals Inc.
• Clyor Inc.

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