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Detox Products Market

Detox Products Market

Detox Products Market to Fuel-up with Rising Cases of Tobacco & Drug Addiction during 2021-2031

Detox Products Market
FACT4496MR
  • Oct-2021
  • List of Tables : 104
  • List of Figures : 217
  • 170 Pages
  • Consumer Goods

Market Snapshot

Newly released data by Fact.MR concludes that the global market for detox products is likely to be worth US$ 51 Bn in 2021, expected to grow at a CAGR of 4.6% during the 2021-2031 forecast period. The Detox Products Market is anticipated to attain a valuation of US$ 80 Bn by 2031. Rising cases of tobacco and drug addiction are expected to drive future demand, with nicotine detox products expected to surge at a CAGR of 5% until 2031.

Key Points Addressed in Detox Products Market Industry Analysis

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Detox  Products Market and How to Navigate
  • Recommendation on Key Winning Strategies

Know More Details About the Report

Detox Products Consumption Analysis 2016-2020 Vs Outlook for 2021-2031

According to Fact.MR- a market research & competitive intelligence provider- sales of detox products surged at a CAGR of 4% throughout the 2016-2020 historical period. Growing incidences of tobacco and drugs consumption primarily drive sales of key detox products.

With the frequency of substance abuse increasing sharply during COVID-19, governments and healthcare professionals worldwide fast tracked awareness campaigns. In September 2020, analyses of EHRs from over 73 million patients across 360 U.S hospitals comprised 15.6% of patients diagnosed with COVID-19, with people having been previously diagnosed with substance abuse to be 1.5 times more likely to have COVID-19. 

Attributed to these aforementioned trends, the demand for detox products has experienced manifold. This number is expected to surge further in forthcoming years, as consumers shift to premium detox products. Fact.MR expects the market to grow at a CAGR of 4.6% from 2021 to 2031.

How are Government Addiction Control Programs Stimulating Detox Products Demand?

A growing understanding of the health risks of smoking, alcohol consumption and drug abuse, is motivating a growing number of individuals to quit ingesting such substances. Smokers are increasingly turning to detox solutions to help them stop smoking, which is likely to boost market growth.

Several government and non-government groups are raising awareness about the negative effects of drugs, alcohol, and cigarettes on the human body. Such initiatives have boosted the number of drug recovery facilities around the world.

For example, the Philippines Department of Health has launched a slew of programmes and initiatives to combat drug abuse in a separate nation. The government is establishing a rehabilitation facility and raising awareness via different initiatives and educational activities. During the projected period, such measures are likely to boost demand for detox products.

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Why is Preference for Natural Detox Products Increasing Globally?

Natural detox-based therapies with a self-healing and holistic approach are being offered by a growing number of treatment facilities across the world. The next several years are predicted to be profitable for Detox goods, which are expected to be in high demand.

Herbal Detox solutions are gaining popularity among health-conscious customers eager to begin a Detoxification regimen in nations such as Germany, Italy, and the United States.

Over the projected period, the aforementioned reasons are likely to increase demand for Detox products. Furthermore, significant rivals headquartered in the United States and Europe are focused on growing sales in the global Detox  products market by extending their product offerings and building new production sites.

What are the Key Trends Driving Sales of Detox Products?

The global prevalence of drug addiction is increasing. According to data from the United Nations Office on Drugs and Crime (UNODC), drug usage is widespread – with the number of people consuming drugs surging by 22% from 2010-19. This number is expected to increase by a further 11% by 2030. Hence, governments are accelerating deaddiction campaigns in earnest.

Majority of patients at several facilities are opioid users, particularly across West & Central Europe. There were around 1.5 million such opioid users on the continent in 2013. And about 700,000 of these people requested therapy. The upward trend is expected to continue. In addition, cannabis usage in Asia remains high, providing potential for expansion for companies in the detox products industry.

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Country Wise Analysis

How are Surging Rehabilitation Campaigns Fueling Detox Products Sales in the U.S?

According to Fact.MR, detox products sales in the U.S are expected to account for over 30% of the global market revenue until 2031. Increasing frequency of drug addiction and cigarette smoking is prompting the government to initiate rehabilitation and awareness campaigns, impelling market demand.

The Centers for Disease Control & Prevention estimates that as of 2017, nearly 3 million teenagers smoked e-cigarettes, prompting parents, teachers and school administrations to order a clampdown on their usage. Hence, the Food & Drug Administration has since unveiled the “Real Cost” campaign to educate the over 10 million youth aged 12-17 to discourage them from consuming harmful substances.

Will China Continue Exhibiting High Demand for Detox Products?

The Chinese market for detox products is expected to grow at over 6% CAGR     by the end of 2031. Demand is expected to rise as the population in these regions becomes more health-conscious. In addition, the growing frequency of drug and alcohol addiction in China has highlighted the need for detoxification among the patient population.

According to Fact.MR, the East Asian giant shows tremendous promise for detox beverages. Several medium and large-sized manufacturers have been influencing the market for detox products across China. One of these includes Totox- with its tagline: Better than Botox, which offers a healthy, all-natural alternative hot beverage, particularly for feminine millennials.

How will the Detox Products Market Expand in India?

Due to the growing incidences of drug addiction in the nation, the market for Detox products in India is anticipated to develop at a CAGR of 5% over the forecast period. Growing public awareness of the harmful effects of alcohol and tobacco on health is driving the expansion of this industry.

Furthermore, the government's attempts to raise awareness about the dangers of drugs and smoking are generating a profitable potential for Detox product producers. Furthermore, the rising popularity of herbal Detox products and their function in weight reduction is fueling the growth of the India Detox products market. The country is at its worst stage of drug addiction, particularly in regions such as Punjab and will require detox goods throughout the projected forecast period.

Detox products market forecast analysis by Fact.MR

Category Wise Insights

Why is Demand for Nicotine Detoxification Rising?

The nicotine detoxification category is thought to be the most profitable and is projected to increase significantly during the projection period. According to Fact.MR, nicotine detoxification is anticipated to grow at nearly 5% value CAGR until 2031.

The growing availability of nicotine replacement treatment medicines, along with the chewing gum business, is increasing sales. This is especially with respect to cigarette smoking. Indian pharmaceutical giant Cipla, for instance, offers Nicotex, a nicotine chewing gum aimed at helping smokers kick the habit.

Why are Drug Stores & Pharmacies Taking the Lead?

During the projection period, the drug shops and pharmacies segment is expected to increase at a CAGR of around 4%. Drug stores and pharmacies are run by people who sell a variety of prescription and over-the-counter medications.

Because the majority of Detox goods are prescribed and consist of branded prescription medicines, drug shops and pharmacies will be the only places to obtain detox items. Furthermore, government attempts to minimize substance addiction by establishing rehabilitation centers are supporting development in the drug shop and pharmacy industry.

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Competitive Landscape

The worldwide market for detox goods is extremely competitive, with prominent pharmaceutical firms focusing on creating efficient detox treatments and increasing sales. The increasing usage of modern technologies in the detox products industry is likely to drive its growth in the future years.

  • GSK and Pfizer formed a worldwide joint venture in August 2019 by combining their separate consumer healthcare divisions. The objective would be to finish the merging of these two firms and capitalize on their combined power.
  • Himalaya Global Holdings Ltd. stated in May 2019 that it will open a new research centre in Dubai. While the research centre is not anticipated to open until 2021, it is intended to support the increase in research and development efforts in the detox products industry. Furthermore, it will contribute to the company's strong position in the worldwide market.
  • In April 2018, Sandoz (a Novartis company) struck a deal with Pear Therapeutics to develop and commercialize digital prescription treatments for patients with substance use and opioid use disorders.

Detox Products Report Scope

Attribute

Details

Market size value in 2021

USD 51 Billion

Market forecast value in 2031

USD 80 Billion

Growth Rate

CAGR of 4.6% from 2021 to 2031

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value & ‘000 Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Key Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Brazil
  • Mexico
  • Argentina
  • GCC
  • South Africa

Key Market Segments Covered

  • Type
  • Form
  • Process
  • Buyer type
  • Sales channel
  • Region

Key Companies Profiled

  • Pfizer Inc.
  • Novartis AG
  • Mallinckrodt Plc.
  • Biodelivery Sciences International Inc.
  • Dabur India Limited
  • Himalaya Global Holdings Ltd.
  • The Bioforce Group
  • Mylan N.V
  • Daiichi Pharmaceutical Co.
  • Sun Pharmaceutical Industries Limited
  • Teva Pharmaceutical Industries Ltd.

Pricing

Available upon Request

Key Segments Covered

  • Product Type

    • Activated Charcoal Detox Products
    • Cold Pressed Juices
    • Detox Tea
    • Diuretics Detox Products
    • Superfood Mixes
    • Other Detox Products
  • Form

    • Liquid Detox Products
    • Tablets (Pills) & Pellets Detox Products
    • Powder Detox Products
    • Capsule Detox Products
    • Other Forms of Detox Products
  • Process

    • Alcohol Detoxification
    • Drug Detoxification
    • Nicotine Detoxification
    • Metabolic Detoxification
  • Buyer Type

    • Detox Products for Individuals
    • Detox Products for Institutions
  • Sales Channel

    • Detox Products Sales via Drug Stores & Pharmacies
    • Detox Products Sales via Health & Beauty Stores
    • Detox Products Sales via Modern Trade Channels
    • Detox Products Sales via Direct Selling
    • Detox Products Sales via Third Party Online Channel
    • Detox Products Sales via Company Online Channel
    • Detox Products Sales via Practitioner Channel

Detox Products Market- Scope of Report

A recent study by Fact.MR on the Detox Products market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering Detox Products.

The study also provides the dynamics responsible for influencing the future status of the detox products market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the detox products market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of detox products across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of detox products during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Report

  • Which are the most lucrative detox products markets?
  • Which factors will impact the growth of detox products?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the detox products industry?
  • What are the winning strategies of stakeholders in the market?

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Estimates at global and regional levels for Detox Products are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report.

Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global detox products market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the detox products market during the forecast period.

Country-specific valuation on demand for detox products has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

In-depth Analysis on Competition Analysis

The report sheds light on leading manufacturers of detox products, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering detox products has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the detox products domain. 

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the detox products industry, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.

- FAQs -

The detox products market is likely to be worth US$ 51 Bn by 2021-end

The market for detox products is anticipated to grow at a CAGR of 4.6% until 2031

According to Fact.MR, the value for detox products is poised to reach US$ 80 Bn by 2031

From 2016 to 2020, sales of detox products expanded at a CAGR of 4%

The increasing global prevalence of drug addiction is a major trend driving the market for detox products

Detox products sales in the U.S shall account for over 30% revenue until 2031

Fact.MR anticipates demand for detox products to expand at over 6% CAGR in China

Sales of detox products in India will likely expand at 5% CAGR until 2031

Nicotine detox products are likely to witness maximum incline, showcasing a CAGR of 5% until 2031

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.