Lozenges Market Size, Growth, Analysis and Forecast 2023-2029

The global lozenges market size was valued at USD 5,841.6 million in 2022 and is poised to grow at a significant CAGR of 4.9% during the forecast period 2023-29. The primary drivers of the expansion of the global lozenges market include the increasing prevalence of infectious disease-causing cough and colds, seasonal changes. In addition, increasing paediatric and geriatric population is expected to boost the lozenges market over the forecast years.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/lozenges-market

The lozenges market is segmented based on product type, application, ingredient, distribution channel, and geography.

Based on the product type, the market is segmented into the following:
• Soft Lozenges
• Hard Candy Lozenges
• Compressed Lozenges

Based on the application, the market is segmented into the following:
• Sore Throat
• Cold & Cough
• Throat Disease
• Nicotine Replacement
• Others

Based on the ingredients, the market is segmented into the following:
• Mint, Menthol
• Peppermint Oil
• Eucalyptus oil
• Honey & Ginger
• Lemon
• Others

Based on the distribution channel, the market is segmented into the following:
• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

Based on the product type, the global Lozenges market is segmented into soft lozenges, hard candy lozenges and others. The hard candy lozenges are expected to account for a larger revenue share in the global lozenges market. The availability of hard candy lozenges in different colours, shapes and flavours attracts paediatric patients which is expected to drive the market growth of this segment. Hard candy lozenges are majorly preferred by paediatric and geriatric patients which is anticipated to boost the market growth. hard candy lozenges do not require any prescription which increases the demand and sales of lozenges in this segment.

North America Lozenges Market:
The North America lozenges market is expected to increase over the forecast period due to the several market players or manufacturers present in this region. In addition, increasing awareness programs regarding infectious diseases in this region and cold weather in countries like USA and Canada are expected to enhance the growth of microorganisms causing cough and cold in this region which is expected to boost the growth of lozenges market at a significant rate over the forecast period. Furthermore, rising government spendings and availability of wide range of products option is expected to further trigger the market growth in this region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players.

The global Lozenges market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In December 2022, Jakemans launched sugar free lozenges, targeting the diabetic patients.

Request sample report at https://precisionbusinessinsights.com/request-sample/?product_id=824193

Key players profiles in the Lozenges Market report are Bliss GVS Pharma Ltd., Honibe, Procter & Gamble, Ricola AG, Sanofi SA, GlaxoSmithKline Pl, Reckitt Benckiser Group Plc, Traditional Medicinals Inc., Thorton & Ross Ltd., Pfizer.

Contact:
Mr. Satya
Precision Business Insights | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Website: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.