openPR Logo
Press release

The Flavors Into Over The Counter Otc Pharmaceuticals Market to gloat over digitized development-oriented teasers at a CAGR of ~7%

04-19-2022 11:16 AM CET | Health & Medicine

Press release from: Persistence Market Research

The Flavors Into Over The Counter Otc Pharmaceuticals Market

The Flavors Into Over The Counter OTC Pharmaceuticals Market is meant to grow on a splendid note in the next decade. With technology creeping in, the time-consuming routine is being taken over by telehealth/e-Health records. Almost everything that was happening in person has been taken over by remote monitoring. This has helped in transcending the geographical barriers as well. These would be the trends concerning the Flavors Into Over The Counter OTC Pharmaceuticals Market in the future.

Preference for fruit flavors in medicines is an ongoing trend in the flavors into over-the-counter (OTC) pharmaceuticals market. The consumption of fruit flavor formulations by leading manufacturers is relatively high as compared to other flavors.

Get Free Sample Copy of this Report@https://www.persistencemarketresearch.com/samples/30665

Strong consumer preference for fruit flavors has prompted manufacturers of OTC pharmaceuticals to develop unique formulations using them.

Fruit flavors such as pineapple, strawberry, cherry and orange are mostly preferred flavors for pharmaceuticals. The adoption of flavored pharmaceuticals, especially in medicines for kids, is increasing because of the taste masking effect of these medicines.

Citrus and lemon flavors, followed by fruit flavors, are commonly used by formulators of pharmaceuticals.

Lemon and mint flavors are generally preferred in chewable tablets or gums. Vanilla or other dairy-based flavors are the least preferred flavors, used in medicines.

PMR has also found that the adoption of flavored medicines, among geriatric patients is lesser as compared to those for pediatric patients.

Company Profiles:

Givaudan AG
International Flavors & Fragrances Inc.
Kerry Group
Sensient Technologies Corp.
GOLD COAST INGREDIENTS, INC.
Prinova Group LLC.
Carmi Flavour and Fragrance Co. Inc.
AromataGroup s.r.l.
Marc Flavours
Quest Nutra Pharmaceuticals
Sapphire Flavors & Fragrances
TASTE MASTER FLAVOURS PVT LTD.
Virginia Dare
Concept Flavours & Fragrances Pvt. Ltd.
Flavor & Fragrance Specialties

Outsourcing and Industrial Consolidation - Key Winning Imperatives

The report states that the companies manufacturing OTC pharmaceuticals typically focus on volume, and hence have been shown to be involved in several industrial collaborations. Key players in the flavors into over-the-counter (OTC) pharmaceuticals market are focusing on entering into strategic collaborations and acquisitions of companies operating in related industry to strengthen their position and extend their global reach.

Request for Methodology@ https://www.persistencemarketresearch.com/methodology/30665

For Example, in 2018, Sensient Technologies Corp. completed the acquisition of Mazza Innovation Limited, a botanical extraction business with patented solvent-free extraction processes, located in Vancouver, Canada.

Similarly, in 2017, International Flavors & Fragrances Inc. acquired "David Michael", a privately held flavor company. Through this acquisition, International Flavors & Fragrances, Inc. strengthened its flavor market position in North America.

Tapping into Opportunities in Developing Countries

Most of the pharmaceutical players are focusing on developing markets, due to the stagnation of the major markets and presence of a large number of local manufacturers, especially in developing countries.

Changes in disease pattern caused due to changes in the lifestyle, increase in disposable income, improved access to healthcare services, and increasing demand for high-quality healthcare make these markets highly profitable for pharmaceutical companies.

However, this trend is currently opposite in developed economies with sophisticated manufacturing practices, where demand for superior quality excipients is increasing.

An increase in the adoption of continuous processing of excipients, is also an ongoing trend in flavors into the over-the-counter (OTC) pharmaceuticals market. Continuous processing of excipients refers to flow production of the raw material without any kind of interruption.

Access Full Report@ https://www.persistencemarketresearch.com/checkout/30665

Manufacturers Target towards Production Capacity Expansion

Over the past few years, major pharmaceutical companies have been expanding their external and internal capacity in production.

Outsourcing opportunities arise in all innovator, generic, as well as other markets for OTC medications.

Even though manufacturing technologies for OTC medications have rapidly matured in the past two decades, the manufacturing of low-margin OTC generics requires the usage of old technologies.

While major pharmaceutical companies are investing resources on newer technologies, the manufacturing of generic OTC drugs and branded over-the-counter drugs is being outsourced.

South Asia & East Asia Remain Prominent Markets

South Asia and East Asia are expected to show significant growth of the flavors in over-the-counter (OTC) pharmaceuticals market. A large portion of the population of Asia remains undertreated, majorly due to the unavailability of effective prescribed drugs, and this is providing growth opportunities for the flavors into over-the-counter (OTC) pharmaceuticals market.

Complete Report Details@ https://www.persistencemarketresearch.com/market-research/flavors-into-over-the-counter-otc-pharmaceuticals-market.asp

Low Awareness and Poor Availability of OTC Drugs to Hinder the Market Growth

Lack of awareness about the flavors into OTC pharmaceuticals, especially in the developing economies, continues to create a hindrance in the market growth.

Poor availability of drugs at hospital pharmacies and retail pharmacies can be responsible for decreasing the overall growth of the flavors into over-the-counter (OTC) pharmaceuticals market. Also, the marketing of OTC pharmaceutical products requires skilled, trained and knowledgeable pharmacists. A lack of skilled and trained pharmacists, especially in the developing regions, can hinder the overall growth of the flavors into over-the-counter (OTC) pharmaceuticals market.

Related Reports:

Sterile Injectable Drugs Market - https://www.persistencemarketresearch.com/market-research/sterile-injectable-drugs-market.asp

Atrophic Scar Treatment Market - https://www.persistencemarketresearch.com/market-research/atrophic-scar-treatment-market.asp

Contact Us:

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com

About Us:

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The Flavors Into Over The Counter Otc Pharmaceuticals Market to gloat over digitized development-oriented teasers at a CAGR of ~7% here

News-ID: 2605889 • Views: 213

More Releases from Persistence Market Research

Compound Semiconductor Materials Market to Witness CAGR of 6.0% Rise in Value Sh …
The global compound semiconductor materials market garnered US$ 32 Bn in 2022 and is likely to hit US$ 65 Bn by 2032, advancing at a CAGR of 6% from 2022 to 2032 (forecast period). The Compound Semiconductor Materials Market has become an increasingly dynamic and competitive industry in recent years. Compound semiconductor materials are used in a wide range of applications, such as consumer electronics, communications, healthcare, and industrial automation. The growth in the compound semiconductor materials market is driven
Chromatography Resins Market to Record CAGR of 3.4% Increase in Revenue by 2032
The value of the chromatography resins market is US$ 2 Bn in 2022 and is likely to grow to a size of US$ 3.4 Bn by 2032. The growth rate of the industry is predicted at a CAGR of 5.5% through 2032. Chromatography Resins Market is an emerging market that is expected to witness significant growth in the next decade. Chromatography resins are used as solid adsorbents for separation and purification of chemical mixtures. Chromatography resins act as adsorbent
Thermoformed Plastic Products Market to Witness CAGR of 4.2% Increase in Value S …
Global F&B thermoformed plastic products market is estimated to be valued at US$ 11.2 Bn by the end of 2016, registering a CAGR of 4.2% over forecast period 2016 to 2024 Persistence Market Research analyzes the global F&B thermoformed plastic products market over an eight year period from 2016 to 2024 in a newly published report. The study demonstrates market dynamics and trends across regions that are expected to influence the
Flavor Carrier Market is expected to witness a significant volume CAGR of approx …
By examining historical data, expected data for 2018, and forecasted data through the year 2028, the Flavour carrier market study assesses the opportunities in the global market. Data in terms of value (US dollars) and volume are both included in the market study (MT). The macroeconomic outlook, predicted factors, and an overview of the food and beverage industries are all covered in the market prognosis for the flavour carrier's market

All 5 Releases


More Releases for OTC

Deadline on Nov. 9th upcoming in Lawsuit for Investors in Harborside Inc. (OTC: …
The Shareholders Foundation announced that a deadline is coming up on November 9, 2020 in the lawsuit filed for certain investors of Harborside Inc. (OTC: HSDEF, OTC: HBORF). Investors who purchased shares of Harborside Inc. (OTC: HSDEF, OTC: HBORF) have certain options and there are strict and short deadlines running. Deadline: November 9, 2020. Harborside Inc. stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. According to
Investigation for Long-Term Investors in shares of Volkswagen AG (OTC: VWAGY / O …
An investigation on behalf of current long-term investors in shares of Volkswagen AG (OTC: VWAGY / OTC: VLKAF / OTC: VWAPY) was announced over potential breaches of fiduciary duties by certain officers and directors at Volkswagen AG. Investors who purchased shares of Volkswagen AG (OTC: VWAGY / OTC: VLKAF / OTC: VWAPY) and currently hold any of those Volkswagen AG shares have certain options and should contact the Shareholders Foundation at
OTC: VWAGY / OTC: VLKAF / OTC: VWAPY Shareholder Notice: Update in Lawsuit again …
The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in Volkswagen AG (OTC: VWAGY) (OTC: VWAPY) shares. Investors, who purchased shares of Volkswagen AG (OTC: VWAGY) (OTC: VLKAF) (OTC: VWAPY), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. On September 25, 2015, a lawsuit was filed against Volkswagen AG (alleged securities laws violations. The plaintiff claimed that the defendants
OTC Analgesics Market OTC analgesics market is projected to register a steady ex …
About OTC Analgesics Market The global OTC analgesics market is projected to register an above-average CAGR during 2017 to 2022. Global sales of OTC analgesics is estimated to account for nearly US$ 25,000 Mn revenues by 2022-end. Get Sample copy of this Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=75 The trend of using off-label drugs that are affordable and unapproved, but effective in treating diseases, has been witnessing an upsurge over the past few years.
03-14-2018 | Health & Medicine
Fact.MR
OTC Analgesics Market Report 2017-22: Pharmacy to Remain the Most Lucrative OTC …
A fresh study, covering “OTC Analgesics Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022” has been broadcasted to wide online repository of Fact MR, which presents deep focus on the healthcare market. This smart study contains precise data that offers a clear insight about market current scenario and future projections for the benefit of readers. Moreover, the study enclosed significant data which tends to make
The OTC Drugs Market: Commercial Trends and Rx-to-OTC Switch Prospects
ReportsWeb.com has announced the addition of the “Global OTC Drugs Market Research Report 2017” The report focuses on global major leading industry players with information such as company profiles, product picture and specification. GBI Research's latest report, "The OTC Drugs Market: Commercial Trends and Rx-to-OTC Switch Prospects" discusses trends in the over-the-counter (OTC) pharmaceuticals market and the commercial prospects for switching drugs from prescription-only to OTC status. The report assesses current