Effervescent Tablet Market Forecast 2023-2027 By The Business Research Company
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s effervescent tablet market report forecasts the effervescent tablet market size to grow to $47.22 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.
Learn More On The Effervescent Tablet Market Report 2023 – https://www.thebusinessresearchcompany.com/report/effervescent-tablet-global-market-report
Effervescent Tablet Market Size Forecast
The global effervescent tablet market is expected to grow from $30.52 billion in 2022 to $33.38 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The effervescent tablets market is expected to grow to $47.22 billion in 2027 at a CAGR of 9.1%.
North America held the largest effervescent tablet market share, and Asia-Pacific was the fastest-growing region in 2022.
Key Effervescent Tablet Market Driver – Increase In The Prevalence Rate Of Chronic Diseases
For instance, in 2021, according to the World Health Organization, a Switzerland-based government agency responsible for international public health, cardiovascular diseases are the leading cause of death worldwide, taking an estimated 17.9 million lives each year. Further, in September 2020, according to Imperial College London, a UK-based public research university, seven out of ten deaths worldwide are believed to be caused by chronic diseases, which are responsible for almost 41 million deaths annually. Therefore, the high prevalence rate of chronic diseases is driving the growth of the effervescent tablets market.
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Key Effervescent Tablet Market Trend – Technological Advancement
Major players are concentrating on creating innovative manufacturing technologies to sustain their position in the effervescent tablet market. For instance, in April 2022, Health Innovations Ltd., a UK-based healthcare supplement manufacturing company, launched EfferShield technology. EfferShield is a patent-mated technology used for effervescent pills and powders. It is available in single-use pouches and stick-pack packaging, so consumers have more flexible and convenient packaging options with possibilities for recycling and at-home composting.
Effervescent Tablet Market Segment
1) By Product: Medication, Supplements
2) By Methods: Dry Methods, Wet Granulation
3) By Indication: Diuretics, Pain Management, Gastric Disorders, Respiratory Diseases, Other Indications
4) By Application: Dental Products, Dietary Supplements, Pharmaceuticals, Other Applications
5) By End-User: Hospitals, Specialty Clinics, Homecare, Other End-Users
Effervescent Tablet Market Major Players and Strategies
Major players in the effervescent tablet market are Bayer AG, Hermes Arzneimittel GmbH, GSK plc, Reckitt Benckiser Group plc, Bristol-Myers Squibb Company, Bliss GVS Pharma Limited, Herbalife International Inc., Amerilab Technologies Inc., Pfizer Inc., Novartis AG, Perrigo Company plc, Chiesi Farmaceutici SpA, SG Biopharm Pvt Ltd., Advanced Enzyme technologies Limited, Vovantis Laboratories Pvt Ltd., Nutrilo GmbH, Tower Laboratories, and Novartis.
In March 2020, DCC plc, an Ireland-based sales, and marketing service company, acquired Amerilab Technologies Inc for $85 million. With this acquisition, DCC plc expands its effervescent nutritional products manufacturing portfolio and product reach into the United States and related countries. Amerilab Technologies Inc. is a US-based contract manufacturing company specializing in the manufacture of effervescent nutritional products in powder and tablet forms.
The Effervescent Tablet Global Market Report 2023 covers regional data on effervescent tablet market size, effervescent tablet market trends and drivers, opportunities, strategies, and effervescent tablet market competitor analysis. The countries covered in the effervescent tablet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Effervescent tablets are the solid dosage form of tablets that are engineered to break down faster when they come into contact with water by releasing carbon dioxide. The tablets entirely disintegrate in a matter of minutes, releasing the medication into solution.
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