Farmington, May 09, 2023 (GLOBE NEWSWIRE) -- The Global Effervescent Products Market size was valued at USD 15 billion in 2022 and is projected to reach USD 64.088 billion by 2030, growing at a CAGR of 6.50% from 2023 to 2030.. The global effervescent products market is expected to witness significant growth in the coming years due to the increasing demand for convenient and portable forms of nutrition and medication. In addition, the growing popularity of functional beverages and the increasing awareness about the health benefits of effervescent products are also driving market growth.
Request Sample Copy of Report “Effervescent Products Market Size, Share & Trends Estimation Reports By Type Outlook (Pharmaceuticals, Functional Foods, Dental Products, Other), By Application Outlook (Pharmacy, Drug Store, E-Commerce, Hypermarkets & Supermarkets, Multi-level Marketing Channels, Other), By Distribution Channel Outlook (Supermarkets and Hypermarkets, Convenience Stores, Pharmacies, Online, Others), By Region and Forecasts, 2023-2030.”, published by Contrive Datum Insights.
Segmentation Overview:
Type Outlook:
On the basis of product, the global effervescent products market is segmented into effervescent tablets, effervescent powder, and effervescent granules. Effervescent tablets segment is expected to hold the largest market share in terms of revenue due to easy availability and cost-effectiveness compared to other forms during the forecast period. Effervescent tablets are high in vitamin content and, in contact with the liquid dissolve and form a solution. Effervescent tablets provide the nutritional benefits intended, in addition to this they also increase liquid intake.
Application Outlook:
On the basis of application, the effervescent products market is segmented into dental products, functional food, and pharmaceutical. The pharmaceutical industry is estimated to account for the largest market share during the forecast period. A significant increase in the pharmaceutical industry in developing countries, such as India, China and Mexico, is expected to create a healthy growth opportunity for effervescent product manufacturers. Effervescent products can be easily combined with large amounts of active pharmaceutical ingredient (API). Growing prevalence of chronic diseases is expected to propel the market growth for effervescent products during the forecast period.
Regional Analysis:
North America is anticipated to experience the maximum CAGR over the forecast period. Over the forecast period, the market will be driven by a significant increase in demand for specialty pharmaceuticals. Increasing disease prevalence and technological advancements in dental product manufacturing are anticipated to drive the market as well. The United States and Canada are propelling market expansion in this region. The North American market is driven by the presence of significant automotive companies such as Reckitt Benckinser, Nuun and Herbalife International of America. During the forecast period, the market for effervescent products is anticipated to grow significantly in Asia-Pacific. Increasing healthcare expenditures in emerging economies like India, Japan, South Korea, China, and Singapore are driving market expansion in these regions. The increasing population and technological advancements in the healthcare industry are among the most significant factors influencing the growth of the market for effervescent products in these regions.
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Scope of Report:
| Report Attributes | Details |
| Growth Rate | CAGR of 6.50% from 2023 to 2030. |
| Revenue Forecast by 2030 | USD 64.09 billion |
| By Type |
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| By Application |
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| By Distribution Channel: |
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| By Industries |
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| By Companies |
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| Regions and Countries Covered |
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| Base Year | 2022 |
| Historical Year | 2017 to 2022 |
| Forecast Year | 2023 to 2030 |
Market Dynamics:
Trends
The biggest trend in the Effervescent Products market is that companies are spending more money on research and development.
The top players in the market are focused on making products that are both cheap and high quality so that they can take advantage of the huge untapped possibilities in developing countries. This can be seen in the growing number of new products that are approved and the growing amount of money spent on research and development.
Drivers
More cases of long-lasting diseases
The main thing that will drive the growth of the market will be the growing number of chronic diseases around the world. They are easy to use, and all you need to make a solution is a drop of water. Most of these doses come in the form of a solution, which makes them easier to swallow and faster to absorb than regular tablets. This means that you can feel better faster.
More people are aware of health issues.
People are buying more healthy goods like probiotics, vitamins, dietary supplements, and minerals because they are more aware of their health and have more money to spend on themselves. Several market players are taking advantage of this trend by making effervescent products like dietary supplements that help people stay healthy, find out if they are missing any nutrients, and improve their general health and way of life. Functional foods are made by a number of companies, and as customer tastes change, these companies are adding new products in a number of categories.
Opportunities
Getting more involved in R&D
The huge rise of the market for effervescent products is being fueled by more research and development. A lot of drug companies are working on making new medicines that can help people in a lot of ways, both with their health and with their daily lives. New effervescent goods that can quickly turn into drinks are good for the environment because they reduce the use of plastics and other materials. They also make it easier for people to swallow medicines.
Restraints/Challenges
Costs of making drugs are very high
Huge drug development and research projects cost millions of dollars, which could slow the growth rate of the market for effervescent goods over the next few years. Also, the growth of the market will be limited between 2023 and 2030 by the lack of healthcare facilities and the wide availability of effervescent products in developing countries.
Key Segments Covered:
Top Market Players:
- Bayer Ag
- GlaxoSmithKline PLC
- Prestige Brands Inc.
- Nuun and Company Inc.
- DMK Group
- Herbalife International Of America Inc.
- Reckbitt Bencksier Group PLC
- Nomax
- Bristol-Myers Squibb Co.
- Hermes Arzneimittel Gmbh
- Pyramid Pharmaceuticals
- Tower Laboratories Ltd
- US Pharma Lab Incorporated
- Nutrilo GmbH
- JW Nutritional Inc.
- Paragon Labs USA and Amerliab Technologies Inc.
- Others
By Type
- Pharmaceuticals
- Functional Foods
- Dental Products
- Other
By Application
- Pharmacy
- Drug Store
- E-Commerce
- Hypermarkets & Supermarkets
- Multi-level Marketing Channels
- Other
By Industries
- Government
- Healthcare
- Retail
- Manufacturing
- Others
By Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Pharmacies
- Online
- Others
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
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