Throat Lozenges Market
Throat Lozenges Market Study by Hard Candy Lozenges, Soft Lozenges, and Compressed Lozenges for Sore Throat, Cough & Cold, and Throat Diseases from 2024 to 2034
Analysis of Throat Lozenges Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Throat Lozenges Market Outlook (2024 to 2034)
Worldwide revenue from the sales of throat lozenges is approximated at US$ 5.97 billion in 2024 and is forecasted to rise at a CAGR of 5.1% to reach US$ 9.8 billion by the end of the years 2034.
A throat lozenge, also known as a cough sweet, cachou cough drop, or troche, is a pharmaceutical tablet that melts slowly in the mouth and relieves coughing. The little tablet relieves a sore throat by relaxing and lubricating irritated throat tissues. Rising prevalence of throat diseases is set to boost the throat lozenges market growth.
Throat lozenges have been used to treat throat infections from the beginning of time (1000 BC). Various materials such as honey, herbs, citrus, and spices were used to make the earliest throat lozenges in Egypt. Smith Brothers made cough drops out of these pills in 1852, and Luden made cough drops out of them in 1879.
Cold and cough are common ailments all over the world, and sore throat lozenges are commonly utilized as first-line remedies, which are set to be major market growth driver. Another aspect driving sales of cough sweet is the rising older population, who is more susceptible to infection due to their reduced immunity levels.
Rising popularity of herbal remedies is expected to boost the demand for natural throat lozenges. Consumers are now aware about what ingredients are used in the products. The clean-label marketing is an emerging as a notable throat lozenges market trend, which expected to drive the overall sales growth.
- North America is anticipated to account for 36.3% of the global throat lozenges market share by 2034.
- The Western European throat lozenges market size is calculated at US$ 1.30 billion for 2034.
| Report Attributes | Details |
|---|---|
| Throat Lozenges Market Size (2024E) | US$ 5.97 Billion |
| Forecasted Market Value (2034F) | US$ 9.8 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.1% CAGR |
| South Korea Market Value (2034F) | US$ 408.3 Million |
| Key Companies Profiled |
|
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Which Market Dynamics are Increasing Consumption of Throat Lozenges?
“Rising Demand for Natural and Herbal Healthcare Products”
Consumer knowledge of the benefits of using the best throat lozenges medicines for the treatment of a variety of respiratory issues is expanding. This is helping in increasing the sales of throat lozenges. Another factor boosting the sales of throat lozenges is the growing desire for natural and herbal goods. Throat lozenges are frequently made with herbs such as ginger or honey, which give a soothing treatment for a sore throat. The rising consumer health awareness is further expected to boost the sales of throat lozenges during the next 10 years.
How Can Market Growth Be Affected to Some Extent?
“Short-term Relief and Strict Regulations Regarding Throat Lozenges Efficiency”
Throat lozenges only provide temporary relief and need to be taken several times during the day. This is one of the factors that may limit the adoption of throat lozenges. Market expansion is also hampered by strict rules regarding the efficiency of sore throat candy medicines.
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Comparative Analysis of Related Markets
Throat Lozenges Market
| Key Attributes | Throat Lozenges Market |
|---|---|
| Forecasted Market Value (2034F) | US$ 9.80 Billion |
| Key Trend | Rising demand for herbal formulations |
| Growth Factor | Consumption of lozenges as first line of treatment |
Natural Cold, Cough, and Sore Throat Remedies Market
| Key Attributes | Natural Cold, Cough, and Sore Throat Remedies Market |
|---|---|
| Forecasted Market Value (2034F) | US$ 12 Billion |
| Key Trend | Evolving consumer preferences and increasing popularity of self-healing approach |
| Growth Factor | Rising prevalence of respiratory disorders |
OTC Cough, Cold, and Allergy Medicine Market
| Key Attributes | OTC Cough, Cold and Allergy Medicine Market |
|---|---|
| Forecasted Market Value (2034F) | US$ 70 Billion |
| Key Trend | Growing shift from Rx to OTC |
| Growth Factor | Easy availability of medicine without need of valid prescription |
What Strategy Should New Companies Employ to Reach a Wider Consumer Base?
“Invest in Research and Development to Offer Innovative Formulations”
New companies should focus on the innovation in throat lozenge production. Integration of immune-boosting ingredients such as herbal extracts, vitamin C, and Zinc in the formulations is expected to increase the consumption of sore throat lozenges.
Integration of probiotics in the formulations is also expected to boost the throat health. Thus, investment in research and development initiatives is set to increase profit shares of new companies.
Know thy Competitors
Competitive landscape highlights only certain players
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Country-wise Analysis
North America is a major market for sore throat lozenge suppliers. The United States is expected to hold 85.6% of the North American market share by 2034. Furthermore, Asia Pacific is considered to be fastest growing market for throat lozenges due to rising prevalence of respiratory disorders.
What’s Driving Sales of Throat Lozenges in the United States?
“Increasing Availability of Diverse Range of Throat Lozenge Products”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 1.94 Billion |
| Growth Rate (2024 to 2034) | 6% CAGR |
| Projected Value (2034F) | US$ 3.46 Billion |
The United States with its advanced healthcare infrastructure and strong pharmaceutical sector is set to offer ample opportunities for sore throat lozenge suppliers. Several key companies are collaborating together to improve their R&D capabilities and ensure high medical standards, which is expected to drive market growth in the United States. Furthermore, the majority of the share can be linked to the high throat infection rates. The primary factors boosting the throat lozenge sales are the surge in government spending on healthcare and the availability of a diverse range of product options.
What is the Demand Outlook for Throat Lozenges in South Korea?
“Combination of Traditional Formula with Modern Medicine to Boost Profits of Throat Lozenge Producers”
| Attribute | South Korea |
|---|---|
| Market Value (2024E) | US$ 242.1 Million |
| Growth Rate (2024 to 2034) | 5.4% CAGR |
| Projected Value (2034F) | US$ 408.3 Million |
The integration of traditional formula with modern medicine is expected to boost the sales of innovative throat lozenges in South Korea. The rising geriatric population and increasing prevalence of respiratory disorders is further driving the market growth. Pharmaceutical companies and government organizations are forming strategic relationships to create generic medications and raise awareness among healthcare professionals.
Which Aspects are Increasing Consumption of Throat Lozenges in Germany?
“Clean-Label Trend Boosting Sales of Herbal Throat Lozenges”
Rising popularity of organic and clean-label products is driving the demand for herbal throat lozenges in Germany. The shift towards natural remedies is set to increase the demand for cough drops in Germany. Easy availability of cold, cough remedies through online medium is expected to boost the market growth in Germany.
Category-wise Analysis
Hard candy lozenges are available in various flavours and apart from their medicinal use they are also consumed due to their unique taste. Ginger flavoured hard candy lozenges are some of the popular candies among consumers.
Which Type of Throat Lozenge is Widely Consumed?
“Easy Availability and Effective Results Driving Consumption of Hard Candy Lozenges”
| Attribute | Hard Candy Lozenges |
|---|---|
| Segment Value (2024E) | US$ 3.78 Billion |
| Growth Rate (2024 to 2034) | 5.1% CAGR |
| Projected Value (2034F) | US$ 6.23 Billion |
Increasing availability of hard candy lozenges in a variety of flavors, forms, and sizes are making them popular among individuals of all ages. Hard candy lozenges are preferred by the majority of pediatric and geriatric patients, which is attributed to boost sales of hard candy lozenges. Hard candy lozenges do not require a prescription from doctors. Consumers have been conditioned to soothe sore throats with hard candy lozenges rather than seeking medical help, which is driving the demand for hard candy lozenges.
Which Indication Accounts for High Demand for Throat Lozenges?
“High Usage of Throat Lozenges for Sore Throat Treatment”
| Attribute | Sore Throat |
|---|---|
| Segment Value (2024E) | US$ 3.14 Billion |
| Growth Rate (2024 to 2034) | 5.2% CAGR |
| Projected Value (2034F) | US$ 5.21 Billion |
Sore throat is expected to hold the high global market share over the forecast period. Patients with a sore throat are recommended to take throat lozenges. Sore throats can be caused by a virus or a bacterial infection (streptococcus infection). Around 50% of sore throats are caused by viral infections, whereas 15% to 20% are caused by bacterial infections, according to medical experts.
Sore throat is caused by microorganisms such as Mycoplasma pneumonia, Streptococcus, Neisseria gonorrhea, and Chlamydia pneumonia. Symptoms of a sore throat include redness, swelling throat, and swallowing difficulties. The development of promising new medications and growing usage of throat lozenges for sore throat are set to drive the market growth.
Competitive Landscape
Key players in the throat lozenge market are concentrating on continuous innovation and new product launches infused with natural herbs and components to boost their profit shares. Throat lozenge sprays are part of new product lines, which are designed to soothe and ease sore throat symptoms.
- Comvita launched a range of UMF certified Manuka honey-based products for children to cure cough and sore throat in 2019.
- In 2021 Reckitt, a manufacturer of over-the-counter cough and cold medicines, announced the launch of Mucinex InstaSoothe, a new line of products.
Key Segments of Throat Lozenges Market Research
-
By Type :
- Hard Candy Lozenges
- Soft Lozenges
- Compressed Lozenges
-
By Indication :
- Sore Throat
- Cough & Cold
- Throat Diseases
-
By Distribution Channel :
- Hospital Pharmacies
- Hypermarket/Supermarkets
- Online Pharmacies
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
- FAQs -
How big is the throat lozenges market in 2024?
The global throat lozenges market is evaluated at US$ 5.97 billion by 2034.
What is the future of throat lozenges?
Sales of throat lozenges are forecasted to rise at a CAGR of 5.1% from 2024 to 2034.
What are anticipated sales of throat lozenges for 2034?
The market for throat lozenges is projected to reach US$ 9.8 billion by 2034.
Which types of throat lozenges are widely consumed?
Sales of hard candy throat lozenges are approximated at US$ 3.7 billion in 2024.
What size of the market in South Korea projected to reach by 2034?
The South Korea market is anticipated to reach US$ 408.3 million by 2034.
Who are top producers of throat lozenges?
Some of the leading manufacturers include Bliss GVS Pharma Ltd., GlaxoSmithKline Plc., and Reckitt Benckiser Group Plc.
Throat Lozenges Market