Overview and Scope
Throat lozenges refer to medicated candy that can soothe the user’s throat. Throat lozenges temporarily relieve a sore throat, throat irritation, or cough.
Sizing and Forecast
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..
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Segmentation & Regional Insights
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
North America was the largest region in the global throat lozenges market in 2023. 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
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Major Driver Impacting Market Growth
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.
Key Industry Players
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, Mondelez 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,
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
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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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