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INDUSTRIES
&
MARKETSCold
&
Cough
Remedies:market
data
&
analysisMarket
InsightsreportApril2024MARKET
INSIGHTSThis
report
is
part
ofour
Market
Insights
productGainabetterunderstandingofmarketsacross190+
geographicalentities
–
onaglobal,
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and/orstatelevel.
Accessourdatavia
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etInsightsFind
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on:https://www.Goto
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Insightscom/outlook/2MARKET
INSIGHTSMarket
Insights
–
market
data,forecasts,
and
qualitative
insightsThe
Cold&Cough
Remedies
market
ispartof
the
OTCPharmaceuticalsmarket.10sectors190+geographicalentities1,000+markets400+reportsGotoOTCPharm
aceuticalsmark
etGotoOTCFind
out
more
on:OTC
PharmaceuticalsPharmaceuticals
market3Table
of
ContentsOverviewAppendixSummary6789Product
OverviewAuthor2021MarketDefinitionKeyTakeawaysMarketScopesMarket
NumbersRevenue11141718AverageRevenue
per
CapitaOnlineRevenueShareMobile/DesktopSplit4CHAPTER
1OverviewThe
Cold
&
Cough
Remedies
marketis
a
fast
growing
marketOverview:
SummarySummaryTheCold&CoughRemedies
market
inworldwide
isexperiencing
significantgrowth
duetovarious
factorssuchaschangingcustomer
preferences,
emergingtrendsinthemarket,
local
special
circumstances,
andunderlying
macroeconomicfactors.forcombination
productsthatofferrelief
frommultiplesymptoms.Local
specialcircumstances:Indifferent
countries
andregions,
there
areuniquecircumstances
thatinfluencetheCold&CoughRemedies
market.
Forexample,
incountries
with
colder
climates,
thereis
often
ahigherdemand
forcold
and
cough
remedies
dueto
theincreased
prevalence
of
respiratory
illnesses.Additionally,culturalfactorsalsoplayarole
inshaping
customer
preferences.
Forexample,
insome
Asiancountries,
traditionalherbal
remedies
are
highlyvaluedandwidely
used
fortreatingcold
andcoughsymptoms.Customer
preferences:Customers
worldwide
are
increasingly
seeking
remediesforcold
andcoughsymptoms
dueto
therisingawareness
abouthealthandwellness.
Thedemand
fornaturaland
herbal
remedies
hasbeen
on
therise
ascustomers
are
becoming
more
conscious
ofthepotential
sideeffects
oftraditionalmedicines.Underlying
macroeconomic
factors:
TheCold&CoughRemedies
market
inWorldwide
isalsoinfluenced
byunderlying
macroeconomic
factors.
Factors
suchasGDP
growth,
disposableincome
levels,
and
healthcare
expenditure
playasignificantrole
indetermining
thedemandforhealthcare
products,includingcoldandcoughremedies.
Incountries
with
agrowing
middleclassandincreasinghealthcare
spending,themarket
forcold
and
cough
remedies
islikely
toexperience
robust
growth.Trendsin
themarket:
Oneof
themajor
trendsintheCold&CoughRemediesmarket
worldwide
is
the
growing
popularity
ofimmune-boosting
products.
Withtheincreasing
focuson
preventive
healthcare,
customers
arelooking
forproductsthatcanstrengthen
theirimmunesystem
andreduce
the
chances
ofcatchingacold
or
cough.
Thishasled
to
theemergence
ofawide
range
ofimmune-boostingsupplements,
herbal
teas,and
naturalremedies
thatclaimtoenhancethebody'snaturaldefense
mechanisms.
Anothertrend
inthemarket
istherisingdemand6Sources:Market
Insights
2024Cold
&
Cough
Remedies
is
an
important
part
of
the
OTC
PharmaceuticalsmarketOverview:
Market
DefinitionMarket
definitionTheColdandCoughmarket
comprises
over-the-counter
naturaland
syntheticagentsto
relieve
cough,expectorants
andsore
throat
remedies,
cold
remediesandpreparations
against
flu-like
infections.
Coughand
cold
medication
includesmedicines
inthe
form
ofpills,syrups,lozenges,
sprays,ointmentsandgranulateforexternal
andinternalapplication.
Notincludedareprescription
medicines,preparations
thatare
against
thestatelaw
or
arenoexplicit
cold
or
cough
drugs(e.g.
painkillers).
Amongthetop-selling
medicines
forcold
and
cough
arenosesprays,Mucosolvan
syrup,Grippostad
C,Sinupretforte,Gelomyrtol,
Dolo-Dobendan,AspirinComplex,
Bepanthen
noseandeye
cream,
ACC
Akut,Neo-Angin,
Vick
Vaporup,IslaMoos.
Itincludesbothproductswhich
areexclusivelysold
inpharmacies
and
products
which
canbepurchased
elsewhere.
Salesbyhospitalsarenotincluded.AdditionalInformation:TheColdandCoughmarket
comprises
revenues,
average
revenue
percapita.Saleschannelsshow
online
and
offlinerevenue.
Revenues
includeVAT.Themarket
only
displaysB2Crevenues,
henceB2B
and
B2G
revenues
are
notincluded.Formore
information
on
the
datadisplayed,usetheinfobuttonnexttotheboxes.7Sources:Market
Insights
2024Cold
&
Cough
Remedies
accounted
for20.93%
of
the
OTC
Pharmaceuticalsmarket
revenue
in
2023Overview:
Key
TakeawaysKeyTakeaways?Revenue
intheCold
&CoughRemedies
market
amountstoUS$42.65bn
in2024.Themarket
isexpected
togrow
annuallyby
6.18%
(CAGR
(1)
2024-2029).?Inglobal
comparison,
most
revenue
is
generated
intheUnitedStates(US$11,190m
in2024).?Inrelation
tototalpopulation
figures,perperson
revenues
ofUS$5.51
are
generated
in2024.8Notes:(1)
CAGR:
Compound
Annual
GrowthRateMarket
Insights
2024Sources:Market
scope
parameters
and
considerationsOverview:
inscope
/outof
scopeInscopeOutof
scopeThismarket
includes:Thismarket
excludes:?Prescription
medicines?Homeopathic
remedies?Painkillers?Naturaland
syntheticagents?In
theform
ofpills,syrups,creams,
lozenges,
spraysandgranulate?Expectorantsandremedies
to
relieve
cough?Candy9Sources:Market
Insights
2024CHAPTER
2Market
NumbersCold
&
Cough
Remedies
revenues
are
estimated
to
increase
at
a
CAGR(1)
of
5.4%from
2016
to
2029Market
Size:
GlobalRevenue
forecast
inbillionUS$57.5654.5351.49+5.4%(1)40.1448.4445.4642.6537.9936.1534.8832.9632.5931.2029.152016201720182019202020212022202320242025202620272028202911
Notes:Sources:(1)
CAGR:
Compound
Annual
GrowthRateMarket
Insights
2024With
a
revenue
of
US$
15.0
billion,
Asia
is
the
biggest
market
among
selectedregions
in
2023Market
Size:
Regional
Comparison
(1/2)Revenue
forecast
inbillionUS$+7.3%(1)22.95+5.0%(1)18.21+5.7%(1)13.2615.0013.629.53+8.6%(1)+6.3%(1)2.331.420.810.5620232029202320292023
2029Americas2023202920232029EuropeAfricaAsiaAustralia&Oceania12
Notes:Sources:(1)
CAGR:
Compound
Annual
GrowthRateMarket
Insights
2024With
a
revenue
of
US$
10.7
billion,
the
United
States
is
the
biggest
marketamong
selected
countries
in
2023Market
Size:
Regional
Comparison
(2/2)Revenue
forecast
inbillionUS$+4.5%(1)13.97+7.0%(1)12.2010.708.14+5.0%(1)+9.4%(1)+8.4%(1)2.602.311.941.781.351.102023202920232029202320292023202920232029United
StatesChinaGermanyIndiaPoland13
Notes:Sources:(1)
CAGR:
Compound
Annual
GrowthRateMarket
Insights
2024Cold
&
Cough
Remedies
average
revenue
per
capita
is
estimated
to
increase
ata
CAGR(1)
of
4.5%
from
2016
to
2029Market
Size:
GlobalAveragerevenue
percapita
forecast
inUS$7.146.826.49+4.5%(1)5.226.155.825.504.984.784.694.484.344.284.052016201720182019202020212022202320242025202620272028202914
Notes:Sources:(1)
CAGR:
Compound
Annual
GrowthRateMarket
Insights
2024With
an
average
revenue
per
capita
of
US$
13.5,
the
Americas
is
the
biggestmarket
among
selected
regions
in
2023Market
Size:
Regional
Comparison
(1/2)Averagerevenue
percapita
forecast
inUS$+5.2%(1)17.73+4.3%(1)17.37+5.7%(1)15.7413.4913.0811.29+6.7%(1)+6.2%(1)4.913.321.611.122023202920232029202320292023202920232029EuropeAfricaAmericasAsiaAustralia&Oceania15
Notes:Sources:(1)
CAGR:
Compound
Annual
GrowthRateMarket
Insights
2024With
an
average
revenue
per
capita
of
US$
52.9,
Luxembourg
is
the
biggestmarket
among
selected
countries
in
2023Market
Size:
Regional
Comparison
(2/2)Averagerevenue
percapita
forecast
inUS$+4.5%(1)68.92+5.7%(1)63.03+7.1%(1)59.82+5.0%(1)47.53+4.6%(1)41.5852.8645.2939.6835.4331.802023202920232029Singapore20232029Hong
Kong20232029Puerto
Rico20232029LuxembourgSwitzerland16
Notes:Sources:(1)
CAGR:
Compound
Annual
GrowthRateMarket
Insights
2024Inthe
Cold
&
Cough
Remedies
market,
Online
Revenue
share
reached
29.0%
in2023FurtherMarket
AnalysisShare
ofOnline
Revenue
forecast
inthe
Cold
&CoughRemedies100.00%12.00%100.00%100.00%100.00%100.00%100.00%100.00%29.00%100.00%32.00%100.00%35.00%100.00%36.00%100.00%37.00%100.00%36.00%100.00%36.00%14.00%16.00%25.00%31.00%33.00%88.00%86.00%201884.00%201975.00%202071.00%202369.00%202268.00%202467.00%202165.00%202564.00%202664.00%202864.00%202963.00%20272017OfflineRevenue
ShareOnlineRevenue
Share17Sources:Market
Insights
2024Inthe
Cold
&
Cough
Remedies
market,
Mobile
sales
share
reached
47.0%
in2023FurtherMarket
AnalysisShare
ofMobile/Desktop
salesforecast
intheCold
&Cough
Remedies100.00%100.00%100.00%100.00%100.00%100.00%100.00%47.00%100.00%50.00%100.00%53.00%100.00%55.00%100.00%57.00%100.00%59.00%40.00%41.00%41.00%40.00%40.00%44.00%60.00%201759.00%201859.00%201960.00%202060.00%202156.00%202253.00%202350.00%202447.00%202545.00%202643.00%202741.00%2028Desktop
Revenue
ShareMobile
Revenue
Share18Sources:Market
Insights
2024CHAPTER
3AppendixMARKET
INSIGHTSMarket
Insights
–
market
data,forecasts,
and
qualitative
insightsGainabetterunderstandingofmarketsacross190+
geographicalentities
–
onaglobal,regional,country,
and/orstatelevel.Access
ourdatavia
web
interface,
download(XLS,
PDF,PPT),
orreports.Benefitfromour
48-hour
customerservice
guarantee.?
10
sectors:
advertising&media,consumers,countries,digital
sector,finance,h
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