Global throat lozenges market is
expected to continue witnessing growth over the next five years, owing to the growing ageing
population, since elderly people often suffer from throat infection that
increase the uptake of throat lozenges. Throat lozenges, commonly known as
cough sweet, cough drop, cachou or troche, are small sized medicated tablets
which are often considered as first-line treatment when people
are suffering from common cold, flu or any other cause for a bad throat. Cold
and cough is a common disease all over the world. Thus, the demand for
treatments and medications to cure it is always high. Moreover, low price of
throat lozenges, research & developments for new products and rapid product
penetration in developing countries is further pushing demand for throat
lozenges globally.
In
terms of type, global throat lozenges market is categorized into hard candy
lozenges, soft lozenges and compressed lozenges. Hard candy lozenges accounted for
majority share in global throat lozenges market in 2018 on account of its
availability in various flavors and shapes & sizes, which makes them
popular among the people of different age groups.
Regionally, North America
accounted for a significant share in global throat lozenges market in 2018. The
growth of North America throat lozenges market is led by the presence of large
number of throat lozenges manufacturers in the region along with increasing
government spending and availability of a wide variety of product offerings. Moreover,
cold temperature in the nations such as the US and Canada, accentuate the
incidences of cold and cough, which in turn, is driving growth in North America
throat lozenges market.
Global throat lozenges market is
highly saturated due to the presence of a large number of local and
multinational companies. Huge number of products are available in the market.
Majority of the companies are focusing on cost-effective medication while some
has adopted strategies of acquisitions and strategic alliances for growth in
the market. Some of the major players
operating in global throat lozenges market are Pfizer Inc., The Procter &
Gamble Company, GlaxoSmithKline plc, Prestige Brands Holdings Inc., Bausch
Health Companies Inc. among others.
Years
considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the Study:
- To analyze and forecast the market size of global throat lozenges
market.
- To classify and forecast global throat lozenges market based
on type, flavor, throat problem and regional distribution.
- To identify drivers and challenges for global throat lozenges
market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions etc., in global throat lozenges
market.
- To conduct pricing analysis for global throat lozenges market.
- To identify and analyze the profile of leading players involved in global
throat lozenges market.
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Some of the leading players
in global throat lozenges market are Pfizer Inc., The Procter & Gamble
Company, GlaxoSmithKline plc, Prestige Brands Holdings Inc., Bausch Health
Companies Inc., Reckitt Benckiser Group plc, Ricola AG, Wm. Wrigley Jr.
Company, Bliss GVS Pharma Ltd., Thornton & Ross Ltd. etc.
TechSci Research performed both primary
as well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of manufacturers across the globe. Subsequently,
TechSci Research conducted primary research surveys with the identified
companies. While interviewing, the respondents were also enquired about their
competitors. Through this technique, TechSci Research could include the
manufacturers which could not be identified due to the limitations of secondary
research. TechSci Research analyzed the service offerings, distribution
channels and presence of all major manufacturers across the globe.
TechSci
Research calculated the market size of global throat lozenges market using a bottom-up approach, wherein data for various application
across various end-user segments was recorded and forecast for the future
years. TechSci Research sourced these values from the industry experts and
company representatives and externally validated through analyzing historical
data of these product types and applications for getting an appropriate,
overall market size. Various secondary sources such as company websites, news
articles, press releases, company annual reports, investor presentations and
financial reports were also studied by TechSci Research.
Key Target
Audience:
- Throat lozenges manufacturers,
suppliers, distributors and stakeholders
- Throat lozenges raw material
suppliers
- Potential investors
- Organizations, forums and
alliances related to throat lozenges market
- Research organizations and
consulting companies
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers
and partners, end users, etc. besides allowing them in strategizing investments
and capitalizing on market opportunities.
Report Scope:
In this report, global throat lozenges market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
·
Market, By Type:
o
Hard Candy Lozenges
o
Soft Lozenges
o
Compressed Lozenges
- Market, By
Ingredient:
- Menthol
- Mint
- Eucalyptus Oil
- Peppermint Oil
- Honey & Ginger
- Lemon
- Others
- Market, By Throat Problem:
- Market, By
Region:
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Thailand
- Europe
- France
- Germany
- United
Kingdom
- Italy
- Russia
- Netherlands
- North America
- United
States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South
Africa
- Saudi
Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in global throat lozenges market.
Available
Customizations
With the given market data, TechSci
Research offers customizations according the company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Profit
Margin Analysis
- Profit margin analysis in case of direct and indirect sales
channel.
In case you don’t find what you are
looking for, please get in touch with our custom research team at sales@techsciresearch.com
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