The Throat Lozenges Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

 

 

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According to The Business Research Company’s Throat Lozenges Global Market Report 2024, The throat lozenges market size has grown strongly in recent years. It will grow from $4.89 billion in 2023 to $5.16 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The  growth in the historic period can be attributed to increased incidence of throat discomfort, consumer awareness and self-care trends, preference for natural and herbal ingredients, change in lifestyles and environmental factors, marketing and branding strategies..

 

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..

 

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.

 

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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

 

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.  

 

The throat lozenges market report table of contents includes:

 

1. Executive Summary

2. Throat Lozenges Market Characteristics

3. Throat Lozenges Market Trends And Strategies

4. Throat Lozenges Market - Macro Economic Scenario

5. Global Throat Lozenges Market Size and Growth

.................

31. Global Throat Lozenges Market Competitive Benchmarking

32. Global Throat Lozenges Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Throat Lozenges Market

34. Throat Lozenges Market Future Outlook and Potential Analysis

35. Appendix

 

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