A throat lozenge is a functional candy that has the function of moistening the throat, protecting the throat, and refreshing the breath. Some throat lozenge sugars containing special ingredients usually have effects such as clearing heat and detoxifying, clearing lungs and relieving cough, and refreshing and relieving fatigue.

Menthol Ingredient Throat Lozenge is Most Favored By Consumers.

According to the different main components contained, throat lozenges can usually be divided into several categories: pectin throat lozenges, menthol throat lozenges, and zinc gluconate glycine throat lozenges. Among them, the menthol ingredient throat lozenge is the most favored by consumers and occupies a dominant position in the market. According to our research data, the global market sales of menthol-based throat lozenges are expected to reach 164800 tons in 2023, accounting for an estimated 49.23% of the total sales.

From the perspective of sales channels, pharmacy and convenience store distribution are the two main distribution channels for throat lozenges. According to our prediction, the number of throat lozenges distributed through pharmacies and convenience stores in 2023 will reach 13800 tons and 6800 tons, respectively, accounting for an estimated 41.14% and 20.30%, respectively.

Source: www.globalmarketmonitor.com

The Market Concentration is Low, and Top 3 Companies Have a Revenue Share of Less Than 30%.

Data shows that the total revenue of the global throat lozenge market is expected to reach $3703 million in 2023, and may continue to increase to $4018 million by 2025. From the perspective of market competition pattern, the concentration of the global throat candy market is relatively low. Data shows that in 2020, the sales of throat lozenge by the top 3 enterprises in the industry totaled 71100 tons, with a total revenue of $828 million and a total revenue share of 25.26%. The top 3 companies were HALLS, Ricoda AG, and Reckitt Benckiser Group PLC. In 2020, the three companies accounted for 12.02%, 8.97%, and 4.27% of the global market revenue in the throat sugar market, respectively.

Throat Lozenge Sales Volume, Market Revenue, and Share of Main Enterprises in 2020

Enterprises	Sales Volume (Tons)	Market Revenue (Million USD)	Market Share
HALLS	31500	394	12.02%
Ricoda AG	26600	294	8.97%
Reckitt Benckiser Group plc	13000	140	4.27%
Top3	71100	828	25.26%