According to a research report published by Market Research Future (MRFR), the Global Throat Lozenges Market is set to capture a CAGR of 3.5 % during the forecast period 2017-2023. The lozenges market is a subset of the throat remedies market so growth in throat remedies market will result in a growth of the throat lozenges market. Lozenges are solid medicated confections that dissolve in the mouth, intended to treat infection of mouth or pharynx. Lozenges are made up of analgesics like Ketamine, paracetamol, codeine; antifungal like ketoconazole, amphoterisin B, miconazole; anesthetics like benzocaine; antimicrobials like artesunate and their composition vary from company to company. They are used to get temporary relief from coughs, throat soreness and might also be prescribed to patients suffering from pharyngitis. They are available over the counter or may be prescribed by a physician. The affordability and reliability of throat lozenges are of the driving factors for market growth.
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Global Throat Lozenges Market – Key Players
- 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
- Pfizer Inc.
- Doestsch Grether AG
Global Throat Lozenges Market – Segmental Analysis
The Global Throat Lozenges Market is segmented on the basis of type, indication, ingredient, and region in the report.
By type, the global throat lozenges market is segmented into hard candy lozenges, soft lozenges, and compressed lozenges.
By indication, the global throat lozenges market is segmented into sore throat, cough and cold, and throat diseases. Sore throat and cough and cold are likely to remain the leading indications in the global throat lozenges market over the forecast period.
By ingredient, the global throat lozenges market is segmented into menthol, mint, eucalyptus oil, peppermint oil, honey and ginger, lemon, and others.
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 than 31% share of the market. North America in particular is expected to remain an important Throat Lozenges Market 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.
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