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Throat Lozenges Market

Throat Lozenges Market

Throat Lozenges Market Analysis by Type (Hard Candy Lozenges, Soft Lozenges, Compressed Lozenges), by Indication (Sore Throat, Cough & Cold, Throat Diseases), by Region - Global Forecast 2022-2026

Throat Lozenges Market
FACT7310MR
  • May-2022
  • List of Tables : 25
  • List of Figures : 132
  • 170 Pages
  • Healthcare

Throat Lozenges Market Outlook (2022-2026)

The global throat lozenges market is expected to rise from a valuation of US$ 5.4 billion in 2022 to US$ 6.5 billion by 2026, expanding at a CAGR of 4.8% during the forecast period.

Report Attributes

Details

Throat Lozenges Market Size (2022)

US$ 5.4 Billion

Projected Year Value (2026)

US$ 6.5 Billion

Global Market Growth Rate (2022-2026)

4.8% CAGR

U.S. Market Share (2022)

24.26%

Key Companies Profiled

  • Bliss GVS Pharma Ltd.
  • GlaxoSmithKline Plc
  • Honibe
  • Prestige Consumer Healthcare Inc.
  • Reckitt Benckiser Group Plc
  • Ricola AG
  • Sanofi S.A
  • Thornton & Ross Ltd.
  • Traditional Medicinals, Inc.

Hard candy lozenges account for around 60% share of the global throat lozenges market. Pharmacy chains are stocking these on a big scale, which is projected to drive hard candy lozenge sales across the world.

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Consumption Analysis of Throat Lozenges from 2017-2021 Vs Market Outlook for 2022-2026

“Growing Prevalence of Respiratory Diseases to Boost Market Growth”

As per Fact.MR, a market research and competitive intelligence provider, the global throat lozenges market was valued at US$ 5.15 billion in 2021.

A throat lozenge, also known as a cough sweet, cachou cough drop, or troche, is a pharmaceutical tablet that melts slowly in the mouth and relieves coughing. The little tablet relieves a sore throat by relaxing and lubricating irritated throat tissues. Rising prevalence of throat diseases is driving market growth.

Throat lozenges have been used to treat throat infections from the beginning of time (1000 BC). Various materials such as honey, herbs, citrus, and spices were used to make the earliest throat lozenges in Egypt. Smith Brothers made cough drops out of these pills in 1852, and Luden made cough drops out of them in 1879.

Cold and cough are frequent ailments all over the world, and sore throat lozenges are commonly utilized as first-line remedies, which is a major market growth driver. Another key driver of growth is the rise in the older population, who is more susceptible to infection due to their reduced immunity levels.

The market for throat lozenges is anticipated to rise at a CAGR of 4.8% over the forecast period of 2022 to 2026, as throat lozenges for cough, throat lozenges for dry throat, and throat lozenges for kids are highly popular.

Which Market Trends are Driving Demand for Throat Lozenges?

“Increasing Demand for Natural & Herbal Products and Rising Health Consciousness among Consumers”

Consumer knowledge of the benefits of using the best throat lozenges medicines for the treatment of a variety of respiratory issues is expanding. This is helping to propel the global throat lozenges market forward.

Another factor boosting the global throat lozenges market is the increased desire for natural and herbal goods. Throat lozenges are frequently made with herbs like ginger or honey, which give a soothing treatment for a sore throat.

During the projected period, the worldwide throat lozenges market is expected to grow due to an increase in consumer health awareness.

Throat lozenges market forecast by Fact.MR

What Challenges are Throat Lozenge Manufacturers Facing?

“Short-term Relief & Strict Regulations Regarding Throat Lozenges Efficiency Restraining Market Demand”

Throat lozenges only provide temporary relief and need to be taken several times during the day. This is one of the factors that may limit the growth of the throat lozenges market.

Market expansion is also hampered by strict rules regarding the efficiency of sore throat candy medicines.

Which Region is the Most Profitable Market for Throat Lozenge Suppliers?

“Rising Initiatives for Infectious Disease Prevention to Fuel Market Expansion in North America”

North America accounts for the highest throat lozenges market share owing to the several awareness campaigns aimed at preventing infectious diseases in the region, as well as the existence of many big throat lozenge manufacturers.

The cold environment of the region, which promotes the growth of bacteria that cause throat infections, also benefits market growth.

An Adaptive Approach to Modern-day Research Needs

Country-wise Insights

Why is the U.S. Throat Lozenges Market Growing at Rapid Pace?

“Increasing Availability of Range of Products Driving Market Revenue”

The U.S. throat lozenges market is valued at US$ 1.3 billion in 2022. The U.S. accounts for 24.26% share of the global market. Several key companies have collaborated to improve their R&D capabilities and ensure high medical standards, which is expected to drive market growth.

Furthermore, the majority of the share can be linked to the high infection rates. The primary factors boosting the market are the rise in government spending and the availability of a diverse range of product options.

What is the Throat Lozenges Market Outlook for China?

“Rising Awareness among Healthcare Professionals Stimulating Market Value”

The market in China is anticipated to reach a valuation of US$ 1.1 billion by 2026, representing 6.5% CAGR from 2022 to 2026.

Pharmaceutical businesses and government organizations are forming strategic relationships to create generic medications and raise awareness among healthcare professionals. Market growth is projected to be boosted by rising awareness levels and healthcare providers' increased attention to the eradication of coughing ailments.

Category-wise Insights

Why is Demand for Hard Candy Lozenges Rising Rapidly?

“Hard Candy Lozenges More Popular Due to Their Easy Availability in Various Flavors & Shapes”

Sales of hard candy lozenges are expected to rise at 5.2% CAGR to reach US$ 4.1 billion by 2026. Increasing availability of hard candy lozenges in a variety of flavors, forms, and sizes has made them popular among individuals of all ages.

Hard candy lozenges are preferred by the majority of pediatric and geriatric patients, which is attributed to the high share of hard candy lozenges in the global throat lozenges market.

Hard candy lozenges do not require a prescription from doctors. Consumers have been conditioned to soothe sore throats with hard candy lozenges rather than seeking medical help, which drives up demand for hard candy lozenges.

Which Indication is Expected to Dominate Demand for Throat Lozenges?

“High Usage of Throat Lozenges for Sore Throat Treatment

Sore throat is expected to hold the highest share of the throat lozenges market over the forecast period. Patients with a sore throat are recommended to take throat lozenges. Sore throats can be caused by a virus or a bacterial infection (streptococcus infection). Around 50% of sore throats are caused by viral infections, whereas 15% to 20% are caused by bacterial infections, according to medical experts.

Sore throat is caused by microorganisms such as Mycoplasma pneumonia, Streptococcus, Neisseria gonorrhea, and Chlamydia pneumonia. Symptoms of a sore throat include redness, swelling throat, and swallowing difficulties. The development of promising new medications and growing usage of throat lozenges for sore throat drive the market demand.

COVID-19 Impact on Sales of Throat Lozenges

The COVID-19 pandemic negatively impacted healthcare systems all around the world. But the COVID-19 pandemic had a favorable impact on the global market for throat lozenges. COVID-19 symptoms include cough and sore throat. Due to obligatory social distancing measures, people were forced to isolate themselves. People buy throat lozenges to avoid frequent hospital visits.

Top throat lozenge producers now work with a sense of urgency and consumer focus. During the forecast period, there has been a sharp increase in research activities to bring new products to market, which is expected to boost the growth of throat lozenges. As a result of the demand for throat lozenges, the pharmaceutical and biotechnology industries are likely to increase significantly in the future. This is predicted to have a big influence on the throat lozenges industry.

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Competitive Landscape

Throat lozenge manufacturers are focused on constant innovation and new product launches infused with natural herbs and components. Throat lozenge sprays are part of new product lines, which are designed to soothe and ease sore throat symptoms.

For instance :

Key Segments Covered in Throat Lozenges Industry Research

  • Throat Lozenges Market by Type :

    • Hard Candy Lozenges
    • Soft Lozenges
    • Compressed Lozenges
  • Throat Lozenges Market by Indication :

    • Sore Throat
    • Cough & Cold
    • Throat Diseases
  • Throat Lozenges Market by Region :

    • North America Throat Lozenges Market
    • Europe Throat Lozenges Market
    • Asia Pacific Throat Lozenges Market
    • Latin America Throat Lozenges Market
    • MEA Throat Lozenges Market

- FAQs -

The global throat lozenges market is expected to reach a valuation of US$ 6.5 billion by 2026.
Bliss GVS Pharma Ltd., GlaxoSmithKline Plc, Honibe, Prestige Consumer Healthcare Inc., and Reckitt Benckiser Group Plc are key providers of throat lozenges.
The throat lozenges market is estimated to exhibit a CAGR of 4.8% during the forecast period (2022-2026).
Hard candy lozenges account for around 60% share of the throat lozenges market.
Rise in the geriatric population, growing demand for throat lozenges, and rising prevalence of throat diseases are driving market growth.
The U.S., Canada, Japan, China, and Australia are expected to drive highest demand for throat lozenges.

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