Throat Lozenges Market Research Report By Types (Hard candy lozenges, Soft lozenges, Compressed lozenges), Ingredient (Menthol, Mint, Eucalyptus oil, Peppermint oil, Honey & Ginger, Lemon, Others), Indication (Sore throat, cough and cold, Throat diseases) – Forecast till 2027
According to MRFR, the throat lozenges market is expected to witness a moderate CAGR of 4.31% and generate a market value of USD 6.58 Billion by the end of 2027. Similarly, the growth of the demand for throat lozenges is also driven by a growing number of HIV patients around the world, since HIV patients typically suffer from throat infection. Throat lozenges, generally known as a cough sweet, cough drop, cachou, or troche, are small-sized medicated tablets. Lozenge word is cast-off for diamonds that are rhombus in size. Throat lozenges are diamond shaped and these tablets get easily dissolved in the mouth and assist relieve temporarily from coughs and other throat problems. It aids soothe and lubricating tissues of the throat that are affected by influenza or the common cold.
The growth of the throat lozenges market is projected to be driven by an upsurge in the geriatric population. This population is always at a higher risk of developing infections owing to low immunity. The most common types of infections can induce a cough or sore throat. Throat lozenges aid relieve these symptoms. In addition, colds and coughs are common diseases across the world, and throat lozenges are regularly considered the first-line treatment for coughs and colds. Hence, this serves as one of the important factors that drive the growth of the throat lozenges market.
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Market Segmentation
The Global Throat Lozenges Market has been segmented into Ingredient Type, Type, Usage, Application, and Distribution Channel
Based on Ingredient Type, The Global Throat Lozenges Market has been segmented into Menthol Throat Lozenges and Non-menthol Throat Lozenges.
Based on Type, The Global Throat Lozenges Market has been segmented into Compressed Lozenges, Hard Candy Lozenges, and Soft Lozenges.
Based on Usage, The Global Throat Lozenges Market has been segmented into Antibacterial Lozenges and Pharmaceutical Lozenges.
Based on Application, The Global Throat Lozenges Market has been segmented into Cough & Cold, Throat Diseases, and Throat Soreness.
Based on Distribution Channel, The Global Throat Lozenges Market has been segmented into Hospital Pharmacies, Online Pharmacies, and Retail Pharmacies.
Key Players
Some of the key market players are
- Mondelēz International group
- Doetsch Grether AG
- Bliss GVS Pharma Ltd
- GlaxoSmithKline
- Ernest Jackson
- Thornton & Ross
- Reckitt Benckiser Group plc
- Bausch Health Companies Inc
- Ricola AG
Browse In-depth Market Research Report (123 Pages) on Throat Lozenges: https://www.marketresearchfuture.com/reports/throat-lozenges-market-1212
Regional Analysis
North America accounted for the largest revenue share of the global throat lozenges market owing to the presence of a large number of throat lozenges manufacturers.
Europe accounted for the second largest revenue share of the global throat lozenges market due to the existence of a large geriatric population.
Asia-Pacific and the Rest of the World accounted for the minimum share of the global throat lozenges market. The major players operating in the throat lozenges market comprise GlaxoSmithKline Pharmaceuticals Limited, SSL International, Thornton & Ross, Pfizer, Inc., and Procter & Gamble (P&G) amongst other significant players worldwide.
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