Press release
Exploring the Global Throat Lozenges Market: A Comprehensive Overview
Throat Lozenges Market
The throat lozenges market size is expected to see strong growth in the next few years. It will grow to $6.45 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to continued prevalence of respiratory conditions, innovation in flavor profiles, e-commerce and online retail growth, health and wellness trends, global respiratory health awareness.. Major trends in the forecast period include e-commerce growth, targeted marketing for specialty formulations, global health events impact, inclusion of soothing herbs and extracts, customization and personalization..
Market Overview -
Throat lozenges refer to medicated candy that can soothe the user's throat. Throat lozenges temporarily relieve a sore throat, throat irritation, or cough.
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Surging Prevalence Of Respiratory Diseases Drives Growth In The Throat Lozenges Market
The increasing prevalence of respiratory diseases is expected to propel the throat lozenges market going forward. 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. Therefore, the increasing prevalence of respiratory diseases will drive the throat lozenges market.
Competitive Landscape -
Major companies operating in the throat lozenges market report are GlaxoSmithKline plc, SSL International plc, Thornton & Ross, Pfizer Inc., The Procter & Gamble Company, Bausch Health Companies Inc., Wrigley Company, Reckitt Benckiser Group plc, Gepach International, Bliss GVS Pharma Ltd, Sanofi S.A, Ricola AG, Honibe, Ernest Jackson & Co Ltd, Doetsch Grether AG, Mondelēz International group, Cloetta AB, Golden Throat, Fisherman's Friend, Prestige Brands Inc, HALLS, Dabur India Limited, Churub, Strepsils, Hydrocortisone, Lidocaine, Benzocaine, Phenol, Menthol, Eucalyptus, Cepac, Chlorhexidine, Alcohol, Sucrose, Sorbitol, Mannitol,
Throat Lozenges Market Advances With Innovative Products
Innovative product offerings are a key trend gaining popularity in the throat lozenges market. Major companies in the throat lozenges market are launching various new and innovative products to sustain their position in the market. For instance, in July 2022, Taiho Pharmaceutical Co Ltd., a Japan-based pharmaceutical company, launched PITAS throat troche. It is a series of film-type lozenges designed to relieve throat pain, swelling, and discomfort. They stick to the roof of the mouth, allowing for discreet use and effectiveness while talking. PITAS Medical Troche is a designated quasi-drug specifically formulated for mouth and throat disinfection.
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Key Segments -
The throat lozenges market covered in this report is segmented -
1) By Type: Hard Candy Lozenges, Soft Lozenges, Compressed Lozenges
2) By Ingredient: Menthol, Mint, Eucalyptus Oil, Peppermint Oil, Honey And Ginger, Lemon, Other Ingredients
3) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Other Distribution Channels
4) By Application: Sore Throat, Cough And Cold, Throat Diseases
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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