Dublin, Feb. 14, 2024 (GLOBE NEWSWIRE) -- The "Global Throat Lozenges Market by Ingredient Type (Menthol Throat Lozenges, Non-Menthol Throat Lozenges), Type (Compressed Lozenges, Hard Candy Lozenges, Soft Lozenges), Usage, Distribution Channel, Application - Forecast 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The global market for throat lozenges has witnessed significant growth, opening up new avenues for alleviation and comfort for those suffering from throat ailments. Recent market research, focusing on the expansive landscape of the throat lozenge industry, underlines substantial developments and emerging trends in the market. This comprehensive analysis provides stakeholders with an encompassing view of market dynamics, competitive assessments, and forward-looking market insights.
Demonstrating a robust Compound Annual Growth Rate (CAGR) of 7.54%, the throat lozenges market is expected to make a notable leap from USD 5.69 billion in 2023 to an estimated USD 9.47 billion by the end of 2030. This growth trajectory signifies the market's response to increasing consumer demands, an upsurge in throat-related illnesses, and advancements in lozenge formulations.
Segmental Insights and Competitive Landscape
The market has been meticulously segmented, considering ingredient type into menthol and non-menthol lozenges, by type into compressed, hard candy, and soft lozenges, and by usage into antibacterial and pharmaceutical lozenges. Distribution channels are observed through hospital pharmacies, online pharmacies, and retail pharmacies, with applications spanning across cough and cold, throat diseases, and soreness relief.
An integral part of the report is the FPNV Positioning Matrix, which scrutinizes the business strategies and product satisfaction of prominent vendors, mapping out their market positions and potential trajectories. This matrix, along with a market share analysis, forms the backbone of the competitive scrutiny, offering a granular understanding of the players' standing and strategic operations in the throat lozenges market.
Global Market Penetration and Dynamics
The market's geographical analysis encompasses the Americas, Asia-Pacific, and Europe, Middle East & Africa, highlighting regional market trends, technology advancements, and regulatory frameworks that shape the market's evolution. Identification of high-growth sectors and innovation hubs supports companies to focus their strategic initiatives and harness untapped opportunities.
The study encapsulates key insights regarding market penetration and development, diversification strategies, intelligence on competitive landscape, and focuses on innovative product developments. The trends observed within this market reflect the dynamic nature of consumer health products and the ongoing quest for improvements in easing throat discomfort.
Strategic Industry Movements
This exhaustive market analysis is not only a beacon for current industry participants but also serves as a strategic guide for entities looking to enter the market. It addresses the imperative questions surrounding market sizing, growth potentials, and strategic moves required to successfully navigate the throat lozenges landscape.
Emergence of Digital Channels and Product Innovations
The research further acknowledges the significant shifts towards online pharmacies and retail distribution, underscoring the role of digital channels in market expansion. With burgeoning healthcare awareness and the ever-evolving consumer preferences, the throat lozenges market continues to innovate and diversify, adapting to the changing landscape.
Ultimately, this research provides an indispensable resource for those looking to understand the multifaceted nature of the throat lozenges market. It is a testament to the industry's adaptability and commitment to addressing the holistic needs of throat care for the global population.
- Discover the latest market trends and uncover sources of future market growth for the throat lozenges industry.
- Analyze the competitive landscape and market share of top players in the throat lozenges space.
- Forecast and analyze the market by ingredient type, usage, distribution channel, and application.
Key Topics Covered:
- Market Insights
- Understanding the Throat Lozenges Market
- Market Dynamics: Drivers, Restraints, Opportunities, and Challenges
- Trend Analysis and Cumulative Impact of High Inflation
- Market Segmentation
- Analysis of Market Segments and Trends
- Ingredient Types: Menthol vs. Non-Menthol
- Types: Compressed, Hard Candy, Soft
- Usage: Antibacterial, Pharmaceutical
- Distribution Channels: Hospital, Online, Retail Pharmacy
- Applications: Cough & Cold, Throat Diseases, Soreness
- Regional Analysis
- Americas, Asia-Pacific, Europe, Middle East & Africa Markets
- Insights on Regional Trends and Market Dynamics
- Competitive Landscape
- FPNV Positioning Matrix
- Market Share Analysis and Competitive Scenario
- Key Players and their Competitive Portfolio
- Future Outlook
- Emerging Opportunities and Market Projections
- Regulatory Framework and Industry Trends
Key Attributes
| Report Attribute | Details |
| No. of Pages | 192 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $6.09 Billion |
| Forecasted Market Value (USD) by 2030 | $9.47 Billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
Companies Mentioned
- Bausch Health Companies Inc.
- Catalent, Inc.
- Dabur India Limited
- Doetsch Grether AG
- Ernest Jackson Ltd.
- Gepach International
- GSK PLC
- Island Abbey Foods Ltd.
- J. B. Chemicals & Pharmaceuticals Limited
- Mondelēz Global LLC
- Pfizer Inc.
- Piramal Group
- Prestige Consumer Healthcare Inc.
- Procter & Gamble Company
- Reckitt Benckiser Group PLC
For more information about this report visit https://www.researchandmarkets.com/r/8s161r
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