Throat Lozenges Market Poised for 6 % Growth, Set to Hit $6.9 Billion by 2029

Which drivers are expected to have the greatest impact on the over the throat lozenges market's growth?
The heightened occurrence of respiratory ailments is predicted to drive the growth of the throat lozenges market. These diseases, which affect the lungs and other components of the respiratory system, can be managed with the use of throat lozenges. They are particularly useful in the treatment of respiratory tract infections. As reported by the Forum of International Respiratory Societies (FIRS) in September 2022, roughly 200 million individuals worldwide suffer from chronic obstructive pulmonary disease (COPD), contributing to about 3.2 million deaths every year. Thus, the escalating occurrences of respiratory diseases stand to potentially boost the throat lozenges market.

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What is the future CAGR of the throat lozenges market, and how will it impact industry expansion?
Over the past few years, the throat lozenges market has experienced considerable growth. The market is projected to increase from $5.1 billion in 2024 to $5.37 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.3%. The observed growth in the historical period can be ascribed to factors such as a rise in instances of throat discomfort, heightened consumer awareness, self-care tendencies, preference towards natural and herbal ingredients, lifestyle changes, environmental influences, as well as effective marketing and branding strategies.

Expectations are high for the throat lozenges market size to experience robust growth in the coming years, with projections showing it could reach "$6.9 billion by 2029, boasting a compound annual growth rate (CAGR) of 6.5%. The expected growth during the forecast period can be traced back to the ongoing prevalence of respiratory disorders, innovations in flavor extensions, the surge of e-commerce and online retail, the rise in health and wellness trends, and widespread awareness of respiratory health globally. Key trends predicted during the forecast period consist of the e-commerce expansion, targeted advertising for specialized formulations, the impact of global health events, the incorporation of calming herbs and extracts, and customization and personalization.

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What are the most significant trends transforming the throat lozenges market today?
The introduction of innovative products is a growing trend in the throat lozenges market. Major players in this market are leveraging the release of unique and creative products to maintain their competitive edge. For example, in July 2022, Taiho Pharmaceutical Co Ltd., a pharmaceutical company based in Japan, unveiled a new product called PITAS throat troche. This line of film-type lozenges is designed to soothe throat pain, inflammation, and discomfort. They adhere to the palate, allowing for covert usage and effectiveness while speaking. PITAS Medical Troche is a specially designed quasi-drug for mouth and throat disinfection.

Which key market segments comprise the throat lozenges market and drive its revenue growth?
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

Subsegments:
1) By Hard Candy Lozenges: Sugar-Based Hard Lozenges, Sugar-Free Hard Lozenges
2) By Soft Lozenges: Gel-Based Soft Lozenges, Non-Gel Soft Lozenges
3) By Compressed Lozenges: Medicinal Compressed Lozenges, Non-Medicinal Compressed Lozenges

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What regions are at the forefront of throat lozenges market expansion?
North America was the largest region in the global throat lozenges market in 2024.Asia-pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the throat lozenges market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the throat lozenges market?
Major companies operating in the throat lozenges market include 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, Mondelez International group, Cloetta AB, Golden Throat, Fisherman's Friend, Prestige Brands Inc, HALLS, Dabur India Limited, Churub, Strepsils, Cepac, Chlorhexidine

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What Is Covered In The Throat Lozenges Global Market Report?

• Market Size Forecast: Examine the throat lozenges market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the throat lozenges market for a structured understanding.
• Key Players Overview: Analyze major players in the throat lozenges market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the throat lozenges market.
• Segment Contributions: Evaluate how different segments drive overall growth in the throat lozenges market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the throat lozenges market.
• Industry Challenges: Identify potential risks and obstacles affecting the throat lozenges market.
• Competitive Landscape: Review strategic developments in the throat lozenges market, including expansions, agreements, and new product launches.

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