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 global throat lozenges market is poised for growth, with projections indicating an increase from $4.62 billion in 2022 to $4.89 billion in 2023, reflecting a robust Compound Annual Growth Rate (CAGR) of 5.6%. The momentum continues, with expectations to reach $6.03 billion by 2027 at a CAGR of 5.4%.

2. Driving Force: Respiratory Diseases On the Rise

• The increasing prevalence of respiratory diseases emerges as a significant driver for the throat lozenges market.
• Respiratory diseases affecting the lungs and respiratory system find a remedy in throat lozenges.
• According to the Forum of International Respiratory Societies (FIRS), around 200 million people globally suffer from chronic obstructive pulmonary disease (COPD), contributing to approximately 3.2 million deaths annually.

3. Industry Titans: Key Players in Throat Lozenges Market

Major players shaping the throat lozenges market include:

• GlaxoSmithKline plc
• SSL International plc
• Thornton & Ross
• Pfizer Inc.
• The Procter & Gamble Company
• Reckitt Benckiser Group plc
• Prestige Consumer Healthcare Inc.
• Bliss GVS Pharma Limited
• Sanofi S.A
• Ricola AG
• Wrigley Company
• Bausch Health Companies Inc.
• Honibe
• Ernest Jackson
• Mondelez International Inc.

4. Trend Watch: Innovative Product Offerings

• Innovative product offerings take center stage as a key trend in the throat lozenges market.
• Major companies are launching new and innovative products to maintain their competitive edge.
• Applied Biological Laboratories, in December 2020, introduced Biovanta, a 100% natural over-the-counter drug for cough, cold, and sore throat, leveraging natural ingredients for maximum therapeutic benefit.

5. Market Segmentation: Exploring Types and Applications

The global throat lozenges market is segmented based on:

1. Type: Hard Candy Lozenges, Soft Lozenges, Compressed Lozenges
2. Ingredient: Menthol, Mint, Eucalyptus Oil, Peppermint Oil, Honey And Ginger, Lemon, Other Ingredients
3. Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Other Distribution Channels
4. Application: Sore Throat, Cough And Cold, Throat Diseases

6. Regional Dynamics: North America Takes the Lead, Asia-Pacific on the Horizon

• North America held the reins as the largest region in the global throat lozenges market in 2022.
• Asia-Pacific is anticipated to emerge as the fastest-growing region in the forecast period, underscoring the expanding market landscape.

View More On The Throat Lozenges Market Report 2023 – https://www.thebusinessresearchcompany.com/report/throat-lozenges-global-market-report

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The Throat Lozenges Global Market Report 2023  provides a comprehensive overview on the throat lozenges market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the throat lozenges 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.

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