According to FutureWise analysis the market for throat lozenges in 2023 is US$ 5.15 billion, and is expected to reach US$ 7.61 billion by 2031 at a CAGR of 5%.
Lozenges, which are also called troche, cough drops, and cough sweets, are small, medicated tablets that are intended to dissolve in the mouth slowly. Coughs are soothed and lubricated when the cream is applied to irritated throat tissues. As well as being helpful for sore throats, it helps soothe strep throat as well. There is a possibility that throat lozenges will contain either eucalyptus oil or benzocaine, an anesthetic. As an oral demulcent, non-menthol throat lozenges contain pectin or zinc gluconate glycine. There are several throat lozenges that contain dextromethorphan. As the name suggests, throat lozenges are designed to relieve throat irritation caused by breathing, swallowing, or drinking certain liquids. Geriatric population growth is expected to drive the growth of the throat lozenges market. Infections among this population are always more likely to occur because of low immunity. The most common types of infections can cause coughing or sore throats. It is possible to relieve these symptoms with throat lozenges. Moreover, colds and coughs are common diseases across the globe, and throat lozenges are often prescribed as first-line treatments. Hence, this is one of the key factors driving throat lozenges' market growth. The number of HIV patients is growing, and throat infections are a risk for HIV patients. Additionally, sedentary living and changes in dietary habits fuel market growth.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Throat Lozenges Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Throat Lozenges Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.