Throat Lozenges Market Is Anticipated To Rise At A CAGR Of 4.8% By 2031

The global throat lozenges market is expected to grow from US$ 5.4 billion in 2022 to US$ 6.5 billion by 2026, at a CAGR of 4.8% during the forecast period.
Hard candy lozenges hold roughly 60% of the global throat lozenges market. Pharmacy chains are stocking these in large quantities, which is expected to drive hard candy lozenge sales worldwide.

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Key Companies Profiled

• Bliss GVS Pharma Ltd.
• GlaxoSmithKline Plc
• Honibe
• Prestige Consumer Healthcare Inc.
• Reckitt Benckiser Group Plc
• Ricola AG
• Sanofi S.A
• Thornton & Ross Ltd.
• Traditional Medicinals, Inc.

Key Segments Covered in Throat Lozenges Industry Research

• Throat Lozenges Market by Type :
o Hard Candy Lozenges
o Soft Lozenges
o Compressed Lozenges
• Throat Lozenges Market by Indication :
o Sore Throat
o Cough & Cold
o Throat Diseases

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• Throat Lozenges Market by Region :
o North America Throat Lozenges Market
o Europe Throat Lozenges Market
o Asia Pacific Throat Lozenges Market
o Latin America Throat Lozenges Market
o MEA Throat Lozenges Market

Country-wise Insights

Which Region is the Most Profitable Market for Throat Lozenge Suppliers?
"Rising Infectious Disease Prevention Initiatives to Fuel Market Expansion in North America"
North America has the largest market share for throat lozenges due to several awareness campaigns aimed at preventing infectious diseases in the region, as well as the presence of many large throat lozenge manufacturers.
The region's cold climate, which encourages the growth of bacteria that cause throat infections, also benefits market growth.

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Category-wise Insights

Which Indication is Most Likely to Drive Demand for Throat Lozenges?

"High Throat Lozenge Usage for Sore Throat Treatment"
Over the forecast period, sore throat is expected to hold the largest share of the throat lozenges market. Throat lozenges are recommended for patients who have a sore throat. A virus or bacterial infection can cause sore throats (streptococcus infection). According to medical experts, viral infections cause approximately 50% of sore throats, while bacterial infections cause 15% to 20%.
Microorganisms such as Mycoplasma pneumonia, Streptococcus, Neisseria gonorrhoea, and Chlamydia pneumonia cause sore throat. Sore throat symptoms include redness, swelling, and difficulty swallowing. The development of promising new medications, as well as the increasing use of throat lozenges for sore throat drive the market demand.

The report covers following insights and assessment that are helpful for all participants involved in the Throat Lozenges Market:

• Data on recently introduced regulations and their impact on key industries and on demand in the Throat Lozenges Market
• Key trends and changing consumer preferences in major industries
• Changing demand and consumption of diverse products
• Major trends underlining funding by key investors in numerous countries
• New investment opportunities in diverse technology and product or service types
• Comprehensive data of major players

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This release was published on openPR.