Throat Lozenges Market Research Report By Types (Hard candy lozenges, Soft lozenges, Compressed lozenges), Ingredient (Menthol, Mint, Eucalyptus oil, Peppermint oil, Honey & Ginger, Lemon, Others), Indication (Sore throat, cough and cold, Throat diseases) – Forecast till 2030
The Throat Lozenges Market is expected to register a CAGR of~4.80% from 2022 to 2030and hold a value of over USD 6.28 billion by 2030.
Throat lozenges market refers to the industry that produces and sells lozenges or candies that are specifically designed to soothe and relieve sore throats. These products typically contain active ingredients like menthol, eucalyptus oil, honey, and/or medicinal herbs that can help alleviate pain, reduce inflammation, and provide temporary relief from coughing and other symptoms associated with sore throat. The market for throat lozenges includes both over the counter and prescription products, and is primarily driven by consumer demand for natural and effective remedies for throat discomfort.
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The COVID-19 pandemic had a mixed impact on the throat lozenges market. The increased awareness about respiratory health and the importance of maintaining a healthy immune system has led to a surge in demand for throat lozenges and other similar products that can help alleviate symptoms of sore throat and cough. This has been especially true during the early stages of the pandemic, when people were anxious about any potential COVID-19 symptoms and were looking for ways to manage them at home.
Market Segmentation
The Throat Lozenges Market has been segmented into age group and end-use.
Based on the age group, the market has been segmented into children, adults and senior citizens. Based on the end-use, the market has been segmented into sore throat, cough and cold and throat diseases.
Key Players
Some of the key market players are:
Regional Analysis
North America is one of the largest regions for the throat lozenges market, followed closely by Europe and the Asia Pacific. The market growth in North America can be attributed to the high prevalence of respiratory infections, allergies, and pollution in the region, which has led to a higher demand for throat lozenges and other respiratory remedies.
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The throat lozenges market is a global market, with the product being widely used and available in many regions. The market size and growth rate of throat lozenges can vary depending on the region, as factors such as cultural preferences, availability of competing products, and consumer awareness can influence demand.
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