The Global Throat Lozenges Market is poised to register a CAGR of 4.8% during the forecast period 2022 to 2028.
Throat lozenges, like most medical options, are sold in bulk and are inexpensive for the treatment of sore throat caused by respiratory illnesses or the common cold. Similarly, the growing number of HIV patients worldwide is driving the rise in demand for throat lozenges, as HIV patients frequently suffer from throat infection. Furthermore, changing habits will increase the demand for throat lozenges, as modern lifestyles are responsible for lowering the body’s immunity. These are available in a variety of flavours and are available over-the-counter (OTC), making them convenient for patients to use. Throat lozenges frequently do not require prescriptions at the time of purchase, resulting in the medication’s rapid commercialization. Because of advancements in at-home care for sore throats and coughs, the ease of distribution of these items encourages consumer movement. Throat lozenge manufacturers continue to use marketing tools to increase the commercial exposure of their product. Other factors influencing global demand for throat lozenges include the development of new products, rapid product penetration in rapidly developing markets, and low throat lozenge prices. The availability of over-the-counter medications for throat infections has resulted in advances in medicine and the ongoing study and development of alternative and more efficient treatments. Nonsteroidal anti-inflammatory drugs (NSAIDs) are used to treat pain and inflammation caused by a sore throat or a throat infection. Other substitutes, such as throat sprays, cough syrups, and antiseptic gargling solutions, are threatening the growth of the throat lozenges market. Furthermore, cold and cough are common diseases all over the world, and throat lozenges are frequently used as the first-line treatment for cough and cold. As a result, this is one of the key factors driving the growth of the throat lozenges market. As HIV patients are always at a higher risk of throat infections, an increase in the number of HIV patients leads to market growth. Furthermore, changes in dietary habits and a sedentary lifestyle fuel market growth by lowering immunity. Throat lozenges, on the other hand, only provide short-term relief and must be used several times throughout the day. This is one of the factors that may impede the growth of the throat lozenges market.
The astute research report on Throat Lozenges market provides intricate details for analyzing appropriate parameters and valuable insights. The report offers extensive information about this business to help bring forth the growth potential of the market across various segments and provides the clients with a comprehensive analysis of factors like market size, market growth trends, competitive landscape, product utilization, regional growth prospects, and application potential, etc. The data provided in the report has been gathered from a wide variety of sources by using primary and secondary research. This Throat Lozenges research report also provides crucial insights into consumer behaviour, brand positioning, pricing analysis, and key player strategies. The market overview included in the Throat Lozenges research report incorporates critical factors procured from industry analysts, prominent players as well as trade and industrial organizations.
The report on Throat Lozenges market offers up-to-date information on the factors impeding the market growth which shall provide vendors with crucial insights into understanding the market dynamics thereby aiding the clients to sketch out a better business strategy. These factors will help them identify market growth opportunities. Furthermore, FutureWise research analysts provide timely assistance to their customers in understanding eccentric market parameters more effectively thereby leading to better decision-making.
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The Throat Lozenges market research report is segmented – by type, by ingredient, by indication, by distribution channel, and by region. It also consists of insights regarding the revenue value and sales volume during the forecasted timeframe of 2022 to 2028.
Throat Lozenges Market Segmentation:
By Type
Hard candy lozenges
Soft lozenges
Compressed lozenges
By Ingredient
Menthol
Mint
Eucalyptus oil
Peppermint oil
Honey & ginger
Lemon
Others
By Indication
Sore throat
Cough and cold
Throat diseases
By Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Online pharmacies
Other Distribution Channels
By Region
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
Throat Lozenges Market Regional Analysis:
The report provides a complete evaluation of the potential amplification of the Throat Lozenges Market in pivotal geographic regions such as North America, Asia Pacific, Europe, Latin America and Middle East & Africa.
Competitive Landscape:
Some of the key market players are
Mondelēz International group
Doetsch Grether AG
Bliss GVS Pharma Ltd
GlaxoSmithKline
Ernest Jackson
Thornton & Ross
Reckitt Benckiser Group plc
Bausch Health Companies Inc
Ricola AG
Prestige Brands Inc
Procter & Gamble
Wrigley Company
Pfizer Inc.
Gepach International
FutureWise Key Takeaways:
Growth prospects
SWOT analysis
Key market trends
Key data-points affecting market growth
Objectives of the Study:
To provide an extensive analysis of the global Throat Lozenges market by type, by ingredient, by indication, by distribution channel, and by region
To carter complex data and information on the characteristics influencing the market growth (drivers, restraints, opportunities, and industry-specific restraints)
To predict and assess micro-markets and the overall market
To anticipate the market size, in key geographical regions (along with countries)— North America, Europe, Asia Pacific, Latin America and the Middle East and Africa
To estimate and inspect competitive landscape mapping- technological advancements, product launches, mergers and expansions
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