include low cost of throat lozenges and rapid product penetration , especially in fastdeveloping countries .
Be it the icky summer throat or the flu season , throat lozenges are always the go-to-product that people are found reaching for at pharmacies . Today , throat lozenges are available in different brands and flavors to choose from . These lozenges work by increasing the production of saliva in keeping the throat moist . Although , it does not cure sore throat , but can definitely work wonders in soothing the pesky symptoms of sore throat .
On the flip side , the availability of various alternative therapies and treatments is likely to hinder the throat lozenges market growth over the forecast period .
Throat Lozenges Market Segmentation
The MRFR report provides a complete segmental analysis of the throat lozenges market report on the basis of indication , ingredient , and type .
Based on type , the throat lozenges market is segmented into compressed lozenges , soft lozenges , and hard-candy lozenges . The hard-candy lozenges are again segmented into center filled hard-candy lozenges and caramel based or chewy medicated tablets . Of these , the hard candy lozenges segment will have the largest share in the market over the forecast period .
Based on ingredient , the throat lozenges market is segmented into lemon , honey and ginger , peppermint oil , mint , eucalyptus oil , menthol , and others . Of these , the menthol segment will dominate the market over the forecast period . It is predicted to grow at a 3.45 % CAGR .
Based on indication , the throat lozenges market is segmented into throat diseases , sore throat , cold and cough , and others . Of these , the sore throat segment will lead the market over the forecast period .
Throat Lozenges Market Key Players
Prominent players profiled in the global throat lozenges market report include Doestsch Grether AG , Pfizer Inc ., GlaxoSmithKline , Mondelēz International group , Ernest Jackson , Ricola AG , Thornton & Ross , Bliss GVS Pharma Ltd , Gepach International , Reckitt Benkiser Group plc , Wrigley Company , Prestige Brands Inc , Procter & Gamble , and Bausch Health Companies Inc . Leading players have used several strategies to create a foothold in the market such as product innovations , new product launches , mergers and acquisitions , partnerships / joint ventures , collaborations , expansions , and research and development activities .
About Market Research Future :