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Throat Lozenges Market Report 2023: New Developments, Growth Strategy, Regional Overview And Key Players Analysis Till 2032
Throat Lozenges Market
The Business Research Company's Throat Lozenges Global Market Report 2023 identifies increasing prevalence of respiratory diseases as the major driver for the Throat Lozenges market's growth in the forecast period. Respiratory diseases refer to a type of disease that affects the lungs and other parts of the respiratory system. Throat lozenges are used to treat respiratory tract infections and diseases. For instance, in September 2022, according to the Forum of International Respiratory Societies (FIRS), a US-based respiratory health advocacy organization, in 2022, globally around 200 million people are affected with chronic obstructive pulmonary disease, or COPD, accounting for roughly 3.2 million deaths annually.
The global throat lozenges market size is expected to grow from $4.62 billion in 2022 to $4.89 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global throat lozenges market size is expected to reach $6.03 billion in 2027 at a CAGR of 5.4%.
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Major competitors in the Throat Lozenges market are GlaxoSmithKline plc, SSL International plc, Thornton & Ross, Pfizer Inc., The Procter & Gamble Company, Reckitt Benckiser Group plc.
A key trend in the Throat Lozenges market includes Innovative product offerings. Major companies in the throat lozenges market are launching various new and innovative products to sustain their position in the market. For instance, in December 2020, Applied Biological Laboratories, a US-based biotechnology company, launched Biovanta, a 100% natural, safe, and effective over-the-counter drug for cough, cold, and sore throat.
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The Throat Lozenges market is segmented -
• By Type: Hard Candy Lozenges, Soft Lozenges, Compressed Lozenges
• By Ingredient: Menthol, Mint, Eucalyptus Oil, Peppermint Oil, Honey And Ginger, Lemon, Other Ingredients
• By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Other Distribution Channels
• By Application: Sore Throat, Cough And Cold, Throat Diseases
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Throat Lozenges market.
The Business Research Company's "Global Throat Lozenges Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Throat Lozenges Market Include:
1. Executive Summary
2. Throat Lozenges Market Characteristics
3. Throat Lozenges Market Trends And Strategies
4. Throat Lozenges Market - Macro Economic Scenario
5. Throat Lozenges Market Size And Growth
………………………………………….
26. Africa Throat Lozenges Market
27. Throat Lozenges Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Throat Lozenges Market
29. Throat Lozenges Market Future Outlook and Potential Analysis
30. Appendix
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