Market Research Future adds new report of “Throat Lozenges Market Research Report – Global Forecast Till 2023” it contains Company information, geographical data and Table of Content
Bliss GVS Pharma Ltd (India), GlaxoSmithKline Pharmaceuticals Limited (UK), Thornton & Ross, Pfizer, Inc. (US), Procter & Gamble (P&G) (US), united confections(US), August Storck KG (Germany), Roshen Confectionery Corp (Ukrain), Crown Confectionery Co. Ltd. (South Korea), CRM Group (Brazil), United Confections Throat lozenge (UK), Yildiz Holding (Turkey), Ezaki Glico Co., Ltd. (Japan), and Perfetti (Italy), Hershey Foods Corp. (US) are some of the prominent players profiled in MRFR Analysis and are competing in the Global Throat Lozenges Market
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Throat Lozenges Market – Overview
The Throat Lozenges market is accruing and expected to gain further prominence over the forecast period mainly due to the growing prevalence of influenza or common cold and Throat infections.
According to a recent study report published by the Market Research Future, The global market of Throat Lozenges is projected to accrue at a rapid pace during the forecast period. The Market is forecasted to account for upsurge accretions by 2023with a CAGR of 3.5% during 2017 and 2023.
Throat Lozenges, AKA cough drop help temporary relief from the sore throat or cough and lubricate tissues of throat that are affected from influenza or common cold. They are the tablets which dissolve in the mouth and give relief from common cough. Throat Lozenges generally contain painkillers, antibacterial agents, antitussives, pectin, menthol and/or eucalyptus.
Global Throat Lozenges market is majorly driven by increasing prevalence of allergy and common cold. According to WHO, every year 10-15% of the world’s population suffers from common cold. Increasing awareness among the people about the management of the common diseases and increasing need for less healthcare expenditure has driven the growth of this market. Sometime Throat Lozenges are used to get relief form the short term cold and cough. Increasing pickin (children) and geriatric population and launching of many different products has provided fuel for the growth of the market. Whereas short term relief effect may restrain the growth of the market.
Throat Lozenges market is predominantly driven by the growing prevalence of influenza or common cold and Throat infections. Additionally, Geriatric Populace attributed to their weaker immune system that fail to cop up with frequent throat infection; contributes to increase the sales of Throat Lozenges eventually, fostering the market growth. Moreover, growing prevalence of chronic or lethal diseases like TB or HIV in which the immune system gets weaker to fight the infections provide impetus to the market growth up to a large extent. Also some people like the soothing effect that Throat Lozenges offer or some may even consume it as a mouth freshener and some prefer a particular flavour among the various available flavours of it, all such preference factors add up to the market growth. Last but by no means least, smokers around the globe propel the Throat Lozenges market extensively. Smoking causes frequent throat infection, TB, and lungs related diseases turning a smoker in to a hub for diseases.
Throat Lozenges Market – Segments
The Throat Lozenges Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Ingredients Types: Comprises Menthol Throat Lozenges (eucalyptus oil, mint, peppermint oil, and other), Non-Menthol Throat Lozenges (zinc gluconate glycine, pectin, and other) and other.
- Segmentation By Usages: Comprises Pharmaceutical Lozenges, Antibacterial Lozenges, and other.
- Segmentation By Application: Comprises Cough and Cold, Throat Soreness, Throat Diseases, and other.
- Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Throat Lozenges Market – Competitive Analysis
Characterized by the presence of several major players, having international recognition; the global market of Throat Lozenges appears to be highly fragmented and competitive. Marketers compete based upon price and brand reinforcement. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position.
Manufacturers are expanding their product portfolio by introducing various fruit, honey and exotic flavours. Honeydew flavoured Throat drop is one of the most popular Lozenges flavours across the globe. Availability of various Cough drops play the key role in Throat Lozenges market growth.
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Throat Lozenges Market – Regional Analysis
On regional basis, America commands the largest market for the Throat Lozenges due to the presence of large number of Throat Lozenges manufacturers, increasing awareness of among the people and changing lifestyle which is responsible for reducing immunity of the body. Europe accounts for the second largest market which is followed by Asia Pacific. However Asia Pacific is expecting a faster growth for the market due to presence of huge paediatric and geriatric population.
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