Europe Cough Drops Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis.
No. of Pages: 134 | Report Code: BMIRE00032010 | Category: Life Sciences
No. of Pages: 134 | Report Code: BMIRE00032010 | Category: Life Sciences
The Europe Cough Drops Market size is expected to reach US$ 1,085.56 million by 2031 from US$ 669.47 million in 2023. The market is estimated to record a CAGR of 6.2% from 2023 to 2031.
The European market for cough drops is on the rise owing to a growing awareness of health and an increasing need for relief from colds and sore throats, especially during the colder months. Major economies like Germany, the UK, and France are seeing significant benefits from their strong healthcare systems and a shift towards more natural ingredients like eucalyptus and honey, reflecting a broader trend towards healthier lifestyles.
As our population ages and air pollution levels rise, more people are experiencing chronic throat and respiratory issues, which has led to a higher demand for these soothing products. Well-known brands like Ricola, Strepsils (from Reckitt), and Jakemans are stepping up to the challenge by offering innovative options such as sugar-free varieties and formulations designed to boost immunity.
Europe Cough Drops Market Strategic Insights
Get more information on this report Europe Cough Drops Market Segmentation Analysis
Key segments that contributed to the derivation of the Europe cough drops market analysis are product, application, and distribution channel.
Cough drops are over-the-counter pharmaceutical products; they are candy-like lozenges that reduce coughing and relieve the pain of a sore throat. These products are readily available in supermarkets, pharmacies, and convenience stores. Their low cost and widespread availability make them an appealing alternative for anyone seeking a fast fix without the requirement for a doctor's visit or prescription. In addition, cough drops are portable, simple to transport, and can be used in public. These features are especially appealing to those who want relief while at work, traveling, or going about their regular lives. The internet, healthcare apps, and social media have made it easy to access health information in recent years. Consumers may simply look up common symptoms such as cough and sore throats on various online platforms and learn about over-the-counter remedies such as cough drops. Websites, blogs, and influencers frequently suggest products, giving consumers more confidence in self-medication. Moreover, there is a growing trend of preventative healthcare, in which customers actively seek out ways to manage mild symptoms at home before they worsen. Cough drops are viewed as a quick, simple, and practical approach to relieving cough or sore throat, particularly during the cold and flu season. Therefore, the increasing inclination toward self-medication is fuelling the global cough drops market as consumers seek convenient, effective, and affordable solutions for managing mild symptoms of cough and sore throat across the world.
Based on country, the Europe cough drops market comprises the UK, Germany, France, Italy, Spain, and the Rest of Europe. The UK held the largest share in 2023.
The demand for sugar-free and natural cough drops has increased as consumers become more health-conscious and seek remedies that align with their dietary preferences. This shift has prompted brands to innovate and expand their product lines with organic and herbal options, catering to health-oriented consumers. These product developments significantly impact the market as they drive competition and encourage brand loyalty. Leading brands such as Strepsils, Halls, and Fisherman's Friend dominate the UK, offering various formulations that include soothing ingredients such as menthol, eucalyptus, and honey. Additionally, e-commerce has transformed the purchasing landscape, making it easier for consumers to access cough drop products.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 669.47 Million |
| Market Size by 2031 | US$ 1,085.56 Million |
| CAGR (2023 - 2031) | 6.2% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
|
Some of the key players operating in the market include Bliss GVS Pharma Ltd, Cipla Ltd, Gepach International, GSK Plc, Mondelez International Inc, Reckitt Benckiser Group Plc, Ricola, Sanofi SA, The Procter & Gamble Co, and Thornton & Ross among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.
The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:
The Europe Cough Drops Market is valued at US$ 669.47 Million in 2023, it is projected to reach US$ 1,085.56 Million by 2031.
As per our report Europe Cough Drops Market, the market size is valued at US$ 669.47 Million in 2023, projecting it to reach US$ 1,085.56 Million by 2031. This translates to a CAGR of approximately 6.2% during the forecast period.
The Europe Cough Drops Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Cough Drops Market report:
The Europe Cough Drops Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Cough Drops Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Cough Drops Market value chain can benefit from the information contained in a comprehensive market report.
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