220 likes | 227 Views
Global throat lozenges market was valued USD 6700 Million in 2019 and is forecast to reach USD 8867.25 Million by 2025. Growth in the throat lozenges market is directly proportional to the increase in the geriatric population. https://bit.ly/38mzgmC
E N D
Published: October 2020 2015 – 2025 GLOBAL THROAT LOZENGES MARKET, FORECAST AND OPPORTUNITIES, 2015 – 2025 www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING 1
Table of Contents S. No. Contents 1. Product Overview 2. Research Methodology 3. Impact of COVID-19 on Global Throat Lozenges Market 4. Executive Summary 5. Voice Of Customer 5.1. Brand Recall (Top-of-Mind and Spontaneous) and Brand Awareness 5.2. Factors Influencing Purchase Decision 5.3. Media Consumption to Gain Knowledge about Product Type 5.4. Preferred Point of Purchase 5.5. Willingness to Spend 5.6. Influence of Social Media on Purchase Decision 5.7. Key Questions Asked Before Purchase 6. Global Throat Lozenges Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value & Volume 6.2. Market Share & Forecast, By Value 6.2.1. By Type (Hard Candy Lozenges, Soft Lozenges, Compressed Lozenges) 6.2.2. By Flavor (Menthol (Mint), Honey & Ginger, Orange, Lemon, Others) 6.2.3. By Throat Problem (Sore Throat, Cough, Others) 6.2.4 By Region (Europe, North America, Asia-Pacific, South Africa and Middle East & Africa) 6.2.5. By Company 6.3. Market Attractiveness Index (By Type, By Flavor, By Throat Problem and By Region) 7. Europe Throat Lozenges Market Outlook 7.1. Market Size & Forecast 2 © TechSci Research 2
Table of Contents S. No. Contents 7.1.1. By Value & Volume 7.2. Market Share & Forecast, By Value 7.2.1. By Type 7.2.2. By Flavor 7.2.3. By Throat Problem 7.2.4. By Country 7.2.4.1. United Kingdom Throat Lozenges Market Outlook 7.2.4.1.1. Market Size & Forecast 7.2.4.1.1.1. By Value & Volume 7.2.4.1.2. Market Share & Forecast, By Value 7.2.4.1.2.1. By Type 7.2.4.1.2.2. By Flavor 7.2.4.1.3. Pricing Analysis 7.2.4.2. Germany Throat Lozenges Market Outlook 7.2.4.2.1. Market Size & Forecast 7.2.4.2.1.1. By Value & Volume 7.2.4.2.2. Market Share & Forecast, By Value 7.2.4.2.2.1. By Type 7.2.4.2.2.2. By Flavor 7.2.4.2.3. Pricing Analysis 7.2.4.3. Russia Throat Lozenges Market Outlook 7.2.4.3.1. Market Size & Forecast 7.2.4.3.1.1. By Value & Volume 7.2.4.3.2. Market Share & Forecast, By Value 7.2.4.3.2.1. By Type 3 © TechSci Research
Table of Contents S. No. Contents 7.2.4.3.2.2. By Flavor 7.2.4.3.3. Pricing Analysis 7.2.4.4. France Throat Lozenges Market Outlook 7.2.4.4.1. Market Size & Forecast 7.2.4.4.1.1. By Value & Volume 7.2.4.4.2. Market Share & Forecast, By Value 7.2.4.4.2.1. By Type 7.2.4.4.2.2. By Flavor 7.2.4.4.3. Pricing Analysis 7.2.4.5. Italy Throat Lozenges Market Outlook 7.2.4.5.1. Market Size & Forecast 7.2.4.5.1.1. By Value & Volume 7.2.4.5.2. Market Share & Forecast, By Value 7.2.4.5.2.1. By Type 7.2.4.5.2.2. By Flavor 7.2.4.5.3. Pricing Analysis 7.2.4.6. Netherlands Throat Lozenges Market Outlook 7.2.4.6.1. Market Size & Forecast 7.2.4.6.1.1. By Value & Volume 7.2.4.6.2. Market Share & Forecast, By Value 4 © TechSci Research
Table of Contents S. No. Contents 7.2.4.6.2.1. By Type 7.2.4.6.2.2. By Flavor Pricing Analysis 7.2.4.6.3 8. North America Throat Lozenges Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value & Volume 8.2. Market Share & Forecast, By Value 8.2.1. By Type 8.2.2. By Flavor 8.2.3 By Throat Problem 8.2.4. By Country 8.2.4.1. United States Throat Lozenges Market Outlook 8.2.4.1.1. Market Size & Forecast 8.2.4.1.1.1. By Value & Volume 8.2.4.1.2. Market Share & Forecast, By Value 8.2.4.1.2.1. By Type 8.2.4.1.2.2. By Flavor 8.2.4.1.3. Pricing Analysis 8.2.3.2. Canada Throat Lozenges Market Outlook 8.2.4.2.1. Market Size & Forecast 8.2.4.2.1.1. By Value & Volume 8.2.4.2.2. Market Share & Forecast, By Value 8.2.4.2.2.1. By Type 8.2.4.2.2.2. By Flavor 8.2.4.2.3. Pricing Analysis 5 © TechSci Research
Table of Contents S. No. Contents 8.2.4.3. Mexico Throat Lozenges Market Outlook 8.2.4.3.1. Market Size & Forecast 8.2.4.3.1.1. By Value & Volume 8.2.4.3.2. Market Share & Forecast, By Value 8.2.4.3.2.1. By Type 8.2.4.3.2.1. By Flavor 8.2.4.2.3. Pricing Analysis 9. Asia-Pacific Throat Lozenges Market Outlook Market Size & Forecast 9.1. 9.1.1. By Value & Volume Market Share & Forecast, By Value 8.2. 9.2.1. By Type 9.2.2 By Flavor 9.2.3. By Throat Problem 9.2.4. By Country 9.2.4.1. China Throat Lozenges Market Outlook 9.2.4.1.1. Market Size & Forecast 9.2.4.1.1.1. By Value & Volume 9.2.4.1.2. Market Share & Forecast, By Value 9.2.4.1.2.1. By Type 9.2.4.1.2.1. By Flavor 9.2.4.1.3. Pricing Analysis 9.2.4.2. Japan Throat Lozenges Market Outlook 9.2.4.2.1. Market Size & Forecast 9.2.4.1.2.1. By Value & Volume 6 © TechSci Research
Table of Contents S. No. Contents 9.2.4.2.2. Market Share & Forecast, By Value 9.2.4.2.2.1. By Type 9.2.4.2.2.1. By Flavor 9.2.4.2.3. Pricing Analysis 9.2.4.3. Australia Throat Lozenges Market Outlook 9.2.4.3.1. Market Size & Forecast 9.2.4.3.1.1. By Value & Volume 9.2.4.3.2. Market Share & Forecast, By Value 9.2.4.3.2.1. By Type 9.2.4.3.2.1. By Flavor 9.2.4.2.3. Pricing Analysis 9.2.4.4. India Throat Lozenges Market Outlook 9.2.4.4.1. Market Size & Forecast 9.2.4.4.1.1. By Value & Volume 9.2.4.4.2. Market Share & Forecast, By Value 9.2.4.4.2.1. By Type 9.2.4.4.2.2. By Flavor 9.2.4.4.3. Pricing Analysis 9.2.4.5. South Korea Throat Lozenges Market Outlook 9.2.3.5.1. Market Size & Forecast 9.2.4.5.1.1. By Value & By Volume 9.2.3.5.2. Market Share & Forecast, By Value 9.2.4.5.2.1. By Type 7 © TechSci Research
Table of Contents S. No. Contents 9.2.4.5.2.2. By Flavor 9.2.4.5.3. Pricing Analysis 9.2.4.6. Thailand Throat Lozenges Market Outlook 9.2.4.6.1. Market Size & Forecast 9.2.4.6.1.1. By Value & Volume 9.2.4.6.2. Market Share & Forecast, By Value 9.2.4.6.2.1. By Type 9.2.4.6.2.2. By Flavor 9.2.4.6.3 Pricing Analysis 10 South America Throat Lozenges Market Outlook Market Size & Forecast 10.1. 10.1.1 By Value & By Volume Market Share & Forecast, By Value 10.2. 10.2.1. By Type 10.2.2. By Flavor 10.2.3. By Throat Problem 10.2.4. By Country 10.2.4.1. Brazil Throat Lozenges Market Outlook 10.2.4.1.1. Market Size & Forecast 10.2.4.1.1.1. By Value & Volume 10.2.4.1.2. Market Share & Forecast, By Value 10.2.4.1.2.1. By Type 10.2.4.1.2.1. By Flavor 10.2.4.1.3. Pricing Analysis 8 © TechSci Research
Table of Contents S. No. Contents 10.2.3.2. Argentina Throat Lozenges Market Outlook 10.2.4.2.1. Market Size & Forecast 10.2.4.2.1.1. By Value & Volume 10.2.4.2.2. Market Share & Forecast, By Value 10.2.4.2.2.1. By Type 10.2.4.2.2.2. By Flavor 10.2.4.2.3. Pricing Analysis 10.2.4.3. Colombia Throat Lozenges Market Outlook 10.2.4.3.1. Market Size & Forecast 10.2.4.3.1.1. By Value & Volume 10.2.4.3.2. Market Share & Forecast, By Value 10.2.4.3.2.1. By Type 10.2.4.3.2.1. By Flavor 10.2.4.2.3. Pricing Analysis 11 Middle East & Africa Throat Lozenges Market Outlook Market Size & Forecast 11.1. 11.1.1 By Value & By Volume Market Share & Forecast, By Value 11.2. 11.2.1. By Type 11.2.2. By Flavor 11.2.3. By Throat Problem 11.2.4. By Country 11.2.4.1. South Africa Throat Lozenges Market Outlook 11.2.4.1.1. Market Size & Forecast 11.2.4.1.1.1. By Value & Volume 9 © TechSci Research
Table of Contents S. No. Contents 11.2.4.1.2 . Market Share & Forecast, By Value 11.2.3.2.2.1. By Type 11.2.3.1.2.2. By Flavor 11.2.3.1.3 . Pricing Analysis 11.2.3.2. Saudi Arabia Throat Lozenges Market Outlook 11.2.4.2.1 . Market Size & Forecast 12.2.4.2.1.1. By Value & Volume 11.2.4.2.2 . Market Share & Forecast, By Value 11.2.4.2.2.1. By Type 11.2.4.2.2.2. By Flavor 11.2.4.2.3 . Pricing Analysis 11.2.4.3. UAE Throat Lozenges Market Outlook 11.2.4.3.1 . Market Size & Forecast 11.2.4.3.1.1. By Value & Volume 11.2.4.3.2 . Market Share & Forecast, By Value 11.2.4.3.2.1. By Type 11.2.4.3.2.1. By Flavor 10 © TechSci Research 11.2.4.3.3 Pricing Analysis
Table of Contents S. No. Contents 12. Market Dynamics 12.1. Drivers 12.2. Challenges 13. Market Trends and Developments 14. Competitive Landscape 15. Strategic Recommendations 16. About Us & Disclaimer 11 © TechSci Research
Product Overview Throat Lozenges are identified as medicated tablet which are temporarily used to stop the cough, cold and sore throat. Global Throat Lozenges market is projected to grow at an impressive rate until 2025 on account of increasing usage of the over the counter products by consumers. Market Segmentation TYPE THROAT PROBLEM THROAT LOZENGES MARKET THROAT LOZENGES MARKET Year Range Hard Candy Lozenges Sore Throat • • Soft Lozenges Cough • • Compressed Lozenges Others (Cold) • • Review Period 2015 – 2018 Base Year FLAVOR REGIONS 2019 Menthol (Mint) • Europe • Estimated Year Honey & Ginger • North America • 2020 Orange • Asia-Pacific • Lemon • Forecast Period South America • Others (Peppermint Oil, • Middle East & Africa • 2021 – 2025 Eucalyptus Oil etc.) 13 © TechSci Research
Research Methodology Market Profiling Data Analysis Data Collection Data Developing List of Respondents Formulating Questionnaire Validation In-depth secondary research was conducted to determine top players in Global Throat Lozenges market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about Global Throat Lozenges market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Conclusion ✓ ✓ Market Participants Key Strengths ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution Data Collection ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources ✓ ✓ ✓ ✓ ✓ ✓ LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Factiva Hoovers ✓ ✓ ✓ ✓ 15 © TechSci Research
Research Methodology Respondents were asked about the current and future market growth rates, as well as market shares By Type, By Flavor, By Throat Problem and By Region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from the response received by other stakeholders. Methodology Followed for Calculation of Market Shares: Market shares By Type, By Flavor, By Throat Problem and By Region were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated through throat lozenges, globally. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the survey results in SPSS/Tableau Software. 16 16 © TechSci Research © TechSci Research
Research Methodology Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global Throat Lozenges market, TechSci Research used various forecast techniques such as: Moving Average o Time Series Analysis o Regression Analysis o Econometric and Judgmental Analysis o The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. • Conversion Rates • 2018 2017 2016 2015 2014 Currency 6.62 6.76 6.64 6.29 6.16 Chinese Yuan 68.45 65.13 67.20 64.18 61.02 Indian INR 110.47 112.20 108.65 121.08 105.82 Japanese Yen 1.35 1.38 1.38 1.38 1.27 Singapore Dollar 1.34 1.31 1.34 1.33 1.11 Australian Dollar 0.85 0.89 0.90 0.90 0.75 Euro 1.30 1.30 1.32 1.28 1.10 Canadian Dollar 3.66 3.19 3.48 3.34 2.35 Brazil (Real) 18.44 16.55 14.77 9.25 8.10 Argentina (Peso) 3.75 3.75 3.75 3.75 3.75 Saudi Riyal 17 17 © TechSci Research © TechSci Research
Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. Partial list of companies interviewed and key secondary sources studied for the report include: Partial List of Companies Interviewed Key Secondary Sources International Monetary Fund • The Procter & Gamble Company ▪ World Bank Partial List of Companies Interviewed Key Secondary Sources ▪ GlaxoSmithKline plc ▪ TechSci Research Proprietary Database & Knowledge ▪ International Monetary Fund • Continental AG ▪ Repository World Bank ▪ Prestige Consumers Healthcare, Inc ▪ Curtiss-Wright Corporation ▪ Company Annual Reports ▪ TechSci Research Proprietary Database & Knowledge ▪ Infineon Technologies AG ▪ Reckitt Benckiser Group plc Industry Magazines ▪ ▪ Repository Industry Reports ▪ ZF Friedrichshafen AG ▪ Ricola AG ▪ Company Annual Reports ▪ Credible Paid Databases ▪ Industry Magazines ▪ SKF Ltd ▪ Bliss GVS Pharma Ltd. ▪ News Dailies ▪ Industry Reports ▪ Nexteer Automotive ▪ Honibe ▪ CEIC ▪ Credible Paid Databases ▪ OICA ▪ Himalaya Herbals ▪ Dabur India Limited ▪ 18 © TechSci Research
Industry Brief According to TechSci Research report, “Global Throat Lozenges Market By Type (Hard Candy Lozenges, Soft Lozenges & Compressed Lozenges), By Flavor (Menthol (Mint), Honey & Ginger, Orange, Lemon, Others), By Throat Problem (Sore Throat, Cough & Others), By Region, Competition, Forecast & Opportunities, 2025”, global was valued USD 6700 Million in 2019 and is forecast to reach USD 8867.25 Million by 2025. The rate of common cold, influenza and sore throat is growing at a rapid pace, especially during the COVID-19 pandemic. The symptoms of coronavirus involve sore throat, respiratory problems, fever and cough. According to WHO, about 10-15% of the world’s total population suffers from the common cold annually. The demand for sore throat mediations is accelerating across the globe, which in turn is fueling the growth of throat lozenges. With the rising ageing population across the globe, the usage of throat lozenges is also increasing at a robust pace, which is anticipated to contribute towards the growth of the global throat lozenge market. Factors such as ease of ordering, availability of multiple brands and verified customer reviews are helping throat lozenges manufacturers in boosting their reach as well as sales. Furthermore, nowadays doctors are issuing a direct prescription through various online pharmacies, which in turn is leading to increase in online sales of the throat lozenges as well as other over the counter products. In terms of type, global throat lozenges market is categorized into hard candy lozenges, soft lozenges and compressed lozenges. Hard candies accounted for share of 65.05% of the global throat lozenges market in 2019. On the other hand, compressed lozenges are expected to witness a steady growth during forecast period owing to their long-lasting ability and prolonged dissolution time of these candies, which provide long lasting relief. Some of the major players operating in global throat lozenges market are The Procter & Gamble Company, Reckitt Benckiser Group Plc, Prestige Consumer Healthcare Inc., Bliss GVS Pharma Ltd., GlaxoSmithKline plc, Sanofi S.A, Ricola AG, Wm. Wrigley Jr. Company, Thornton & Ross Ltd and Honibe (Island Abbey Food Science Ltd.). The increasing number of mergers and acquisitions and product launches are some of the latest trends in the global throat lozenges market. GlaxoSmithKline plc, one of the major players in the global throat lozenges market, has recently completed a joint venture with Pfizer, which combines the consumer healthcare business of both the companies. This joint venture has enhanced the product portfolio of GSK. “Asia-Pacific is anticipated to witness swift growth in lozenges market during forecast period. Countries like Japan and China, which are the home of almost 35% of the global population, are likely to witness robust growth in their respective markets. In the Asia Pacific region, Australia, South Korea and Singapore are also projected to witness decent growth during 2020-2025 owing to increasing product availability and usage. Growing inclination and awareness towards lozenges is likely to be supported by changing lifestyle preferences of consumers with a continuing shift towards health and wellness, coupled with rising disposable income of individuals, and availability of the better products.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 19 © TechSci Research
Sample Data - Snapshot Global Throat Lozenges Market Size, By Value (USD Million), By Volume (Million Units), 2015-2025F CAGR 2015-2019 By Value: xx% By Volume: xx% CAGR 2020E-2025F By Value: xx% By Volume: xx% 2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F Value (USD Million) Volume (Million Unit) Europe Throat Lozenges Market Share, By Type, By Value, 2015-2025F 2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F Hard Candy Lozenges 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% Soft Lozenges 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% Compressed Lozenges 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% France Throat Lozenges Market Share, By Flavor, By Value, 2015-2025F 2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F Menthol (Mint) 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% Orange 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% Lemon 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% Honey & Ginger 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% Others (Peppermint Oil, Eucalyptus Oil etc.) 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 20 © TechSci Research
Report Ordering Report Name: GLOBAL THROAT LOZENGES MARKET, FORECAST AND OPPORTUNITIES, 2015 – 2025 2015 – 2025 License Type Price Single User License $4450 Multi-User License $5450 Custom Research License $9450 To View Sample OR Purchase Report 21 © TechSci Research
About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports Global Dairy Testing Market, Forecast and Opportunities, 2025 • United States Milk Protein Market , Forecast and Opportunities, 2025 • Asia-Pacific Dairy Products Market, Forecast and Opportunities, 2025 • TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.