Market Size –
The effervescent tablet market size has grown strongly in recent years. It will grow from <b>$33.49 billion in 2023 to $36.82 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. </b> The growth in the historic period can be attributed to early pharmaceutical innovations, medical advancements, emergence of consumer health trends, consumer convenience and preference, marketing and branding strategies.
The effervescent tablet market size is expected to see rapid growth in the next few years. It will grow to <b>$54.94 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. </b> The growth in the forecast period can be attributed to preference for convenient dosage forms, innovation in formulations, consumer demand for novelty, healthcare professional endorsements, demographic shifts. Major trends in the forecast period include market value structure, cost drivers, growth rate, sales channels, technological advancements.
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Scope Of Effervescent Tablet Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Effervescent Tablet Market Overview
Market Drivers –
The high prevalence rate of chronic diseases is expected to propel the growth of the effervescent tablets market going forward. Chronic disease often lasts for three months or longer and may worsen with time. The most prevalent chronic diseases are cancer, heart disease, stroke, diabetes, and arthritis. Effervescent tablets are used in the treatment of chronic illnesses such as diabetes, cancer, and heart disease as a potent antioxidant that boosts blood antioxidant levels and helps reduce the risk of chronic diseases. For instance, in January 2022, according to research published by the American Cancer Society, a US-based health organization, in the US, 609,360 cancer deaths and 1.9 million new cancer cases are anticipated in 2022. It is about 1,670 fatalities each day. Therefore, the high prevalence rate of chronic diseases is driving the growth of the effervescent tablets market.
Market Trends –
Technological advancements are a key trend gaining popularity in the effervescent tablet market. Major players are concentrating on creating innovative manufacturing technologies to sustain their position in the effervescent tablet market. For instance, in April 2022, Health Innovations Ltd., a UK-based healthcare supplement manufacturing company, launched EfferShield technology. EfferShield is a patent-mated technology used for effervescent pills and powders. It is available in single-use pouches and stick-pack packaging, so consumers have more flexible and convenient packaging options with possibilities for recycling and at-home composting.
The effervescent tablet market covered in this report is segmented –
1) By Product: Medication, Supplements
2) By Methods: Dry Methods, Wet Granulation
3) By Indication: Diuretics, Pain Management, Gastric Disorders, Respiratory Diseases, Other Indications
4) By Application: Dental Products, Dietary Supplements, Pharmaceutical, Other Applications
5) By End-User: Hospitals, Specialty Clinics, Homecare, Other End-Users
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Regional Insights –
North America was the largest region in the effervescent tablets market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the effervescent tablet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the effervescent tablet market report are Bayer AG, Hermes Arzneimittel GmbH, GlaxoSmithKline plc, Reckitt Benckiser Group plc, Bristol-Myers Squibb Company, Bliss GVS Pharma Limited, Herbalife International Inc., Amerilab Technologies Inc., Pfizer Inc., Novartis AG, Perrigo Company plc, Chiesi Farmaceutici SpA, SG Biopharm Pvt. Ltd., Advanced Enzyme Technologies Limited, Vovantis Laboratories Pvt. Ltd., Nutrilo GmbH, Tower Laboratories Ltd., Losan Pharma GmbH, American Health, BioVit GMP Laboratories Limited, By-health Co. Ltd., Vitabiotics Ltd., Prestige Brands Inc., Nuun and Company Inc., DMK Group, Amway Corp, GNC Holdings Inc., Sanofi SA, Merck KGaA, Roche Holding AG, Johnson & Johnson, Procter & Gamble Co., Unilever plc, Nestle SA, PepsiCo Inc., The Coca-Cola Company, Dr Reddy’s Laboratories Ltd.
Table of Contents
1. Executive Summary
2. Effervescent Tablet Market Report Structure
3. Effervescent Tablet Market Trends And Strategies
4. Effervescent Tablet Market – Macro Economic Scenario
5. Effervescent Tablet Market Size And Growth
…..
27. Effervescent Tablet Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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