Throat Lozenges Market Growth is Expected to Account for 4.80% CAGR to Gain USD 7.47 Billion by 2032 | MRFR

Throat Lozenges Market Research Report: Information by Type (Hard Candy Lozenges, Soft Lozenges, And Compressed Lozenges), By Ingredient (Menthol, Mint, Eucalyptus Oil, Peppermint Oil, Honey & Ginger, Lemon, and Others), By Indication (Sore Throat, Cough and Cold, and Throat Diseases), And by Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

According to MRFR analysis, global throat lozenges market is expected to register a CAGR of 4.80% from 2023 to 2032 and hold a value of over USD 7.47 Billion by 2032. The throat lozenges market has witnessed steady growth in recent years, driven by factors such as increasing prevalence of respiratory illnesses, rising awareness about self-medication, and growing demand for over-the-counter (OTC) remedies. The market is highly competitive, with numerous manufacturers offering a wide range of throat lozenge products targeting different consumer segments.

Competitive Outlooks

Some of the major key players are Bausch Health Companies Inc, Procter & Gamble, Prestige Brands Inc, Wrigley Company, Reckitt Benckiser Group plc, Gepach International, Bliss GVS Pharma Ltd, Thornton & Ross, Ricola AG, Ernest Jackson, Mondel?z International group, GlaxoSmithKline, Pfizer Inc., Doestsch Grether AG

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Market Segmentation

Global Throat Lozenges market has been segmented into Type, Ingredient, Indication.

Type :  Hard candy lozenges , Soft lozenges , Compressed lozenges

Ingredient : Menthol ,  Mint , Eucalyptus oil , Peppermint oil , Honey & Ginger , Lemon

Indication : Sore throat , cough and cold , Throat diseases

Regional Analysis

In North America, the throat lozenges market is driven by factors such as a high prevalence of throat infections, respiratory disorders, and changing climatic conditions. The market is characterized by the presence of established manufacturers offering a wide range of products. The United States and Canada are the major contributors to the market in this region.

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In Europe, the throat lozenges market is influenced by factors such as a growing awareness of self-medication, increasing demand for natural and herbal remedies, and a significant prevalence of sore throat and cough-related conditions. Countries such as Germany, the United Kingdom, France, and Italy are prominent markets in this region.

The Asia Pacific region represents a significant market for throat lozenges due to the large population base, increasing urbanization, rising disposable incomes, and changing lifestyles. Countries such as China, Japan, India, and South Korea have a high demand for throat lozenges. Moreover, the traditional use of herbal ingredients in throat remedies also contributes to the market growth in this region.

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