Throat Lozenges Market is Fueled by Hard Candy Lozenges During the Forecast Period
The
Global Throat Lozenges Market’s growth is driven by factors including the
rising prevalence of respiratory conditions, growing preference for natural
& herbal ingredients, and increasing consumer awareness & health
consciousness.
According
to the TechSci Research report, “Global Throat Lozenges Market– Global
Industry Size, Share, Trends, Competition, Opportunity, and Forecast,
2018-2028”. The global throat lozenges market is expected to grow during
the forecast period due to factors such as the rise in pediatric and geriatric
population, technological advancements, and the expansion of the e-commerce
sector.
The
global throat lozenges market has experienced significant growth in recent
years, driven by various factors such as the rising prevalence of
throat-related ailments, increasing awareness about self-medication, and the
growing demand for natural and organic alternatives. Throat lozenges, also
known as cough, drops or sore throat lozenges, are small, medicated tablets
designed to provide relief from throat irritation, cough, and other related
symptoms.
Throat
discomfort is a common ailment that affects individuals of all age groups,
ranging from children to adults. Factors such as pollution, allergens, viral
infections, and smoking can contribute to throat irritation and cough. Throat
lozenges offer a convenient and effective way to alleviate these symptoms,
providing temporary relief while the underlying cause is addressed.
One
of the key drivers behind the growth of the throat lozenges market is the high
prevalence of throat-related ailments. Respiratory conditions such as coughs,
colds, allergies, and sore throats affect a significant portion of the
population worldwide. Throat lozenges provide a soothing effect on the throat,
offering relief from discomfort and irritation. The convenience and ease of use
make throat lozenges a popular choice among consumers seeking immediate relief
from these symptoms.
Consumer
awareness about self-medication and the benefits of throat lozenges has also
contributed to market growth. With easy access to information and healthcare
resources, individuals are increasingly taking charge of their own health and
looking for over-the-counter remedies. Throat lozenges provide a convenient and
affordable option for managing mild throat discomfort, reducing the need for
prescription medications or doctor visits.
In
recent years, there has been a growing demand for natural and organic
alternatives in the healthcare industry. This trend has also influenced the
throat lozenges market, with consumers seeking products made from natural
ingredients such as honey, menthol, eucalyptus, herbal extracts, and essential
oils. Natural throat lozenges are perceived as safer and milder options
compared to those containing artificial additives or excessive sugar, appealing
to health-conscious consumers.
However,
the throat lozenges market also faces challenges. Intense competition within
the industry necessitates continuous innovation and differentiation to attract
consumers. Regulatory compliance is another challenge, as manufacturers must
adhere to strict regulations regarding ingredients, labeling, and product
claims. Additionally, the seasonal nature of demand, especially during the cold
and flu seasons, poses challenges for production planning and inventory
management.
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"Global Throat Lozenges Market.”
The
global throat lozenges market is segmented based on technology, application,
and region.
Based
on type, the market is segmented into hard candy lozenges, soft lozenges &
compressed lozenges. Among these, the hard candy lozenges segment has a
significant share of the market during the forecast period. Hard candy lozenges
play a significant role in fueling the global throat lozenges market. Throat
lozenges are commonly used to relieve sore throat, cough, and other throat
discomforts. They come in various forms, including hard candy lozenges, which
are favored by many consumers.
Based
on region, the market is segmented into North America, Europe, South America,
Middle East & Africa, and Asia Pacific. Among these, North America has a
significant share in the market during the forecast period. North America plays
a significant role in fueling the global throat lozenges market. The region has
been witnessing substantial growth in the demand for throat lozenges,
contributing to the overall market expansion.
Key market players operating in the global throat
lozenges market include:
- Sanofi S.A
- Thornton & Ross Ltd.
- Traditional Medicinals, Inc.
- Bliss GVS Pharma Ltd.
- GlaxoSmithKline Plc
- Honibe
- Reckitt Benckiser Group Plc
- Ricola AG
- Prestige Consumer Healthcare Inc.
- Procter & Gamble (P&G)
Company
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“The
global throat lozenges market has experienced significant growth in recent
years and is projected to continue expanding. Several factors contribute to
this growth, including the increase in the geriatric population, the rising
prevalence of respiratory diseases, and the popularity of hard candy lozenges.
Moreover, the convenience and portability of hard candy lozenges make them a
popular choice among consumers. These lozenges are easy to carry in purses, pockets,
or bags, ensuring that individuals can have them on hand whenever needed. The
accessibility of hard candy lozenges contributes to their widespread usage and
market demand.” said Mr. Karan Chechi, Research Director with TechSci Research,
a research-based global management consulting firm.
“Global
Throat Lozenges Market– Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2018-2028, Segmented By Technology (UV-A LED, UV-B LED, and UV-C
LED), By Application (Curing, Disinfection and Purification, Medical, Security
and Others), By Region, By Competition Forecast & Opportunities, 2018-2028F, has evaluated the future growth
potential of global throat lozenges market globally and provides statistics and
information on market structure, size, share, and future growth. The report
provides cutting-edge market intelligence and helps decision-makers to make
sound investment decisions. Besides, the report also identifies the emerging
trends along with essential drivers, challenges, and opportunities present in
the market of global throat lozenges globally.
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