Throat Lozenges Market Research Report – Recent Trends, Growth Opportunities, and Market Size and Share Global Forecast Analysis – 2024 - 2033

Throat Lozenges Market Size Research Report – In a Glance

As per the Research report on global Throat Lozenges market, the market is projected to foresee a CAGR of 5.1% between 2024-2033, and further generate a market size of USD 9.6 billion revenue by the end of 2033. In the year 2024, the market size was valued at USD 5.8 billion revenue.

• The global Throat Lozenges market is projected to grow on account of the increase in prevalence of respiratory infections.
• In Japan, the Throat Lozenges market growth can be attributed to the rising expenditure on healthcare products.
• KDMI analyst’s growth analysis foresees market saturation to challenge the market growth.
• North America, having the highest market share in the Throat Lozenges market, is projected to dominate the global market.

Throat Lozenges Market Analysis

Throat lozenges, also known as cough drops are tiny, relieving medicated pills that slowly melt in the mouth and provide relief from throat discomfort, cough, throat inflammation and irritation. Currently, there is a spike in the occurrence of respiratory diseases worldwide which may be caused by air pollution, seasonal changes, and weakened immunity. As winter sets in, the prevalence of cough and cold intensifies as people confine themselves indoors for longer periods, exposing them to a higher risk of contracting seasonal ailments during this phase. A report based on the most recent surveillance data on acute respiratory infections revealed that a growing trend of common acute respiratory infections has been seen, including those due to seasonal influenza viruses, RSV and hMPV which are usual during this time of year during the Northern Hemisphere winter. Hence, this surge in respiratory infections has notably boosted the demand for throat lozenges as it provides quick relief from throat discomfort, ultimately driving the global throat lozenges market growth.

Traditional Medicinals Inc., Bliss GVS Pharma Ltd., GlaxoSmithKline Plc are some of the significant parties in the global market for Throat Lozenges.

Analyst’s Observation on Japan Throat Lozenges Market Research

In Japan, the market growth for Throat Lozenges can be attributed to the rising expenditure on healthcare products. The country is known for its ‘super-aged’ society and growing health awareness among the population which is increasing the need for medications and wellness products. Additionally, it also calls for over-the-counter (OTC) products like throat lozenges in order to prevent or treat symptoms, stimulating the market. In 2040, the healthcare spending in Japan is likely to climb to near about ¥89 trillion which is more than 1.6 times the 2023 level. Moreover, the throat lozenges market is further driven across the nation by the ease of use and convenience of the consumers that comes in an array of flavors and types that includes both traditional herbal lozenges and modern formulations.

Ryukakusan and Taiho Pharma are some of the significant parties in the market for Throat Lozenges in Japan. 

Throat Lozenges Market Growth Drivers and Challenges

Growth Drivers

• Increasing consumption of hard candy lozenges:

A major section of the population prefers hard candy lozenges due to its long-lasting properties and quick burst of flavor. It has gained popularity among various age groups but is the most favoured option among pediatric and geriatric patients due to its availability in a variety of forms and flavors. Hard lozenges are widely consumed for relieving sore throat pain or to combat a range of throat infections including common cold and flu which are often marketed for a fast treat and calming solution. These medicinal tablets are also utilized to alleviate irritation by administering a drug having the local anesthetic or antimicrobial action. Besides, hard candy lozenges are also accessible without a doctor’s approval or prescription, making it responsible to drive its sales across the globe. Therefore, many consumers have been accustomed to ease their throat discomfort with hard candy lozenges instead of consulting a doctor, eventually driving the overall throat lozenges market.

• Heightened preference for natural and herbal remedies:

Over the last three decades, the reliance on herbal medicines and supplements has increased greatly and a large segment of the global population in fact depends on them for primary medical care. Projections indicate that the worldwide herbal products are likely to be $5 Trillion by 2050. The inclination towards herbal or natural remedies is due to their natural formulation, minimized side effects, and traditional healing practices. In recent times, several prominent brands are also producing herbal lozenges. Moreover, herbal lozenges for throat infections or irritations are infused with beneficial natural ingredients like ginger, honey, and clove. This makes herbal lozenges appealing to consumers, further pushing the throat lozenges market forward.

Restraints

• Market saturation:

Due to the presence of numerous domestic and international businesses offering a diverse range of cold and cough relief products, the global throat lozenges industry is being oversaturated. Hence, the expanding number of market competitors has resulted in an intensely competitive atmosphere, securing significant market share and making it tough for new entrants to break in that ultimately obstructs the throat lozenges market growth.

• Adverse effects and allergies:

In many individuals, throat lozenges may provoke hypersensitivity and cause allergic reactions. In addition, menthol-containing lozenges may worsen the condition instead of improving it and may also cause irritability in larynx. Therefore, lozenges should be carefully consumed only when needed. Instances of complications or allergies have resulted in unfavorable impressions, confusions and reluctance among possible buyers, hence, restraining the global throat lozenges market.

Throat Lozenges Market Segmentation

Our experts at KD Market Insights have segmented the global Throat Lozenges market research report as : 

Throat Lozenges Market Regional Synopsis

North America continues to be the dominant region in the global Throat Lozenges market and is mostly influenced by the rising incidence of throat infections, increased reliance on over-the-counter medications, and presence of numerous leading throat lozenges key players. Most brands hail from the United States because of its advanced healthcare facilities and strong pharmaceutical sector, propelling the market growth in the country. One of the leading cough drop brands called Halls represents more than 50 percent of cough-drop sales across the globe and holds the position of number one sugar confectionery brand in the world. However, a lot of businesses have developed a reliable distribution network in Canada as well. Furthermore, a substantial health-aware population makes North America an appealing market for throat lozenges businesses.

Asia-Pacific has developed into an important and quickly growing market worldwide. The throat lozenges market in the region is dominantly controlled by China because of its fast financial growth, rising awareness about throat infections, increasing knowledge about respiratory symptoms, and huge population size. Other countries like India, Japan and Indonesia also plays a significant role in the expansion of the regional market. Besides, rapid urbanization, surging disposable incomes, increasing healthcare expenditure, and improved accessibility of the products are also contributing to the progression of the market.

In Europe, the leading financial powers like UK, Germany and France are supported by the broad acceptance of self-care practices across the region and the increasing cases of cold-related ailments particularly in winter climates, creating a substantial demand for throat lozenges. On the other hand, developing regions like the Africa and Middle East are also highlighting the likelihood of market expansion due to its expansive customer pool, rising income levels, and greater health awareness. In the end, Latin America, including Mexico and Brazil is indicating a gradual growth of the market due to its raised healthcare spending and tailored marketing strategies.

As per our analysts at KD Market Insights, the following five players lead the North America Throat Lozenges market growth:

• Reckitt Benckiser Group plc
• Pfizer Inc.
• GlaxoSmithKline plc
• Johnson & Johnson
• Procter & Gamble Co.

Throat Lozenges Market Competitive Landscape

Some of the key players who top the global Throat Lozenges market share:

• Pfizer Inc.
• GlaxoSmithKline plc
• Johnson & Johnson
• Procter & Gamble Co.
• Sanofi S.A.
• Novartis AG
• Bayer AG
• Prestige Consumer Healthcare Inc.
• Strepsils
• Halls
• Vicks
• Others

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Throat Lozenges Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Type
      2. By Application
      3. By Usage
      4. By Distribution Channel
      5. By Region
5. Market Segmentation by Type
   1. 1. Hard candy lozenges
      2. Soft lozenges
      3. Compressed lozenges
6. Market Segmentation by Application
   1. 1. Cough and cold
      2. Throat soreness
      3. Throat diseases
7. Market Segmentation by Usage
   1. 1. Pharmaceutical lozenges
      2. Antibacterial lozenges
      3. Others
8. Market Segmentation by Distribution Channel
   1. 1. Hospital pharmacy
      2. Retail pharmacy
      3. Online pharmacy
      4. Hypermarket/supermarket
      5. Others
9. Market Segmentation by Flavor
   1. 1. Strawberry
      2. Lemon
      3. Ginger
      4. Orange
      5. Menthol
      6. Others
10. Regional Analysis
    1. North America
       1. United States
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
       2. Canada
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
       3. Mexico
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
    2. Europe
       1. United Kingdom
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
       2. Germany
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
       3. France
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
       4. Italy
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
       5. Spain
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
       6. Rest of Europe
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
    3. Asia Pacific
       1. China
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
       2. Japan
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
       3. India
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
       4. Australia
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
          4. South Korea
          5. Market Size and Forecast
          6. Key Trends and Developments
          7. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
       5. Rest of Asia Pacific
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
    4. Latin America
       1. Brazil
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
       2. Argentina
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
       3. Colombia
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
       4. Rest of Latin America
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
    5. Middle East & Africa
       1. South Africa
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
       2. Saudi Arabia
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
       3. UAE
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
       4. Rest of Middle East & Africa
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Type, Application, Usage, Distribution Channel and Flavour
11. Competitive Landscape
    1. Market Share Analysis
    2. Company Profiles
    3. Medtronic (Ireland)
    4. IBM
    5. Apple Inc.
    6. Siemens Medical Solutions
    7. Pepperl+Fuchs
    8. Cisco
    9. GE Healthcare
12. Strategic Recommendations
13. Appendix
    1. List of Tables
    2. List of Figures
14. References