Global Cough Syrup Market

Global Cough Syrup Market Size, Share, Growth Analysis, By Type(Expectorants, cough suppressants), By Age Group(Pediatric and adult) - Industry Forecast 2023-2030


Report ID: SQMIG35I2279 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 61 | Figures: 75

Global Cough Syrup Market Insights

Cough Syrup Market size was valued at USD 4.63 billion in 2021 and is poised to grow from USD 4.8 billion in 2022 to USD 6.42 billion by 2030, at a CAGR of 3.7% during the forecast period (2023-2030).

The Global Cough Syrup Market is currently experiencing robust growth and major pharmaceutical companies are actively investing in research and development to introduce innovative cough syrup formulations that offer effective relief and additional health benefits. Moreover, the rising awareness among consumers about the importance of managing cough-related conditions promptly is contributing to the steady expansion of the market. The market players are adopting strategic partnerships, product launches, and aggressive marketing strategies to gain a competitive edge. Furthermore, the availability of online platforms for purchasing cough syrups is further propelling the market growth, making it convenient for consumers to access a wide range of products from the comfort of their homes. Geographically, all regions are witnessing significant market traction, with emerging economies showing substantial potential for growth due to improving healthcare infrastructure and increasing disposable incomes. The increasing popularity of herbal and natural cough syrup alternatives is also influencing the market dynamics, as consumers are seeking products with fewer side effects. Despite challenges such as stringent regulations and concerns regarding the misuse of cough syrups, the global market continues to exhibit promising prospects and is expected to maintain its upward trajectory in the foreseeable future.

US Cough Syrup Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 4.63 billion

Largest Segment

Expectorants

Fastest Growth

Expectorants

Growth Rate

3.7% CAGR

Global Cough Syrup Market ($ Bn)
Country Share for North America Region (%)
Global Cough Syrup Market By Type ($ Bn)
Global Cough Syrup Market By Type (%)

To get more reports on the above market click here to Buy The Report

Global Cough Syrup Market Segmental Analysis

Global Cough Syrup Market is segmented on the basis of type, age group, and region. Based on type, the market can be segmented into Expectorants, cough suppressants, antihistamines and combination medications. Based on age group, the market is segmented into Pediatric and adult. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Cough Syrup Market Analysis By Type

Among the different types of cough syrups, expectorants currently stand out as the dominant segment in the market. Expectorants are widely sought after due to their effectiveness in facilitating the expulsion of mucus from the respiratory tract. These formulations are favored by healthcare providers and consumers alike, as they help to alleviate chest congestion and promote easier breathing during respiratory infections.

The fastest-growing segment in the global cough syrup market is the combination medications category. These cough syrups offer a multi-pronged approach to tackling cough and cold symptoms by combining expectorants, cough suppressants, antihistamines, and other active ingredients in a single formulation. Combination cough syrups cater to the demand for comprehensive solutions, making them increasingly popular among consumers seeking effective and convenient remedies to manage various symptoms associated with respiratory ailments. The convenience of a single medication for multiple symptoms is driving the rapid growth of this segment in the market.

Cough Syrup Market Analysis By Age Group

The adult segment currently holds the dominant position in the global cough syrup market. With a large population of adults facing various respiratory issues, including colds, flu, and chronic respiratory conditions, there is a significant demand for cough syrups tailored to their specific needs. Additionally, adults often prioritize self-medication, further driving the consumption of cough syrups in this age group.

The fastest-growing segment in the market is the pediatric category. The rising awareness among parents and caregivers about the importance of timely and effective management of children's cough and cold symptoms is boosting the demand for pediatric cough syrups. Manufacturers are increasingly focusing on developing child-friendly formulations with pleasant flavors and safe dosages to cater to this segment's needs. Moreover, growing healthcare infrastructure and improved accessibility to healthcare facilities are facilitating the diagnosis and treatment of respiratory ailments in children, driving the rapid growth of pediatric cough syrups.

Global Cough Syrup Market By Type, 2021 (%)

To get detailed analysis on other segments, Request For Sample Report

Global Cough Syrup Market Regional Insights

North America currently holds the dominant position in the global cough syrup market. The region's dominance can be attributed to the high prevalence of respiratory diseases, changing weather patterns, and the widespread adoption of self-medication practices. Additionally, the presence of established pharmaceutical companies and advanced healthcare infrastructure further contributes to the significant market share in North America.

The Asia Pacific region is witnessing the fastest growth in the cough syrup market. The increasing population, rapid urbanization, and changing lifestyles have led to a surge in respiratory ailments across various age groups in this region. Moreover, the growing awareness of cough syrup as an effective remedy for managing common cold and cough symptoms is driving the market expansion. Additionally, rising disposable incomes and improving healthcare facilities in countries like China, India, and Southeast Asian nations are fueling the demand for cough syrups, making the Asia Pacific region a lucrative market with substantial growth potential.

Global Cough Syrup Market By Geography, 2023-2030
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Global Cough Syrup Market Dynamics

Cough Syrup Market Drivers

Increasing prevalence of respiratory ailments worldwide

  • One key driver of the global cough syrup market is the increasing prevalence of respiratory ailments worldwide. Factors such as air pollution, changing weather conditions, and the spread of viral infections contribute to a higher incidence of cough and cold symptoms, leading to a growing demand for cough syrups as an effective remedy.

Cough Syrup Market Restraints

Strict regulations and concerns regarding the misuse of cough syrups

  • A key restraint in the market is the strict regulations and concerns regarding the misuse of cough syrups, particularly those containing codeine or other addictive substances. Governments and healthcare authorities in various regions have implemented stringent controls and prescription requirements to address the potential misuse and abuse of cough syrups, which could limit their availability and impact market growth to some extent.

Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report

Global Cough Syrup Market Competitive Landscape

The competitive landscape of the global cough syrup market is characterized by intense rivalry among key players striving to gain a competitive edge through product innovation, strategic partnerships, and aggressive marketing tactics. Market participants are continuously investing in research and development to introduce advanced formulations that offer enhanced efficacy and cater to specific consumer needs. Moreover, the market's dynamic nature is prompting companies to focus on expanding their distribution networks, especially through online platforms, to widen their consumer reach and maintain a strong market presence.

Cough Syrup Market Top Player’s Company Profiles

  • Acella Pharmaceuticals, LLC (US)
  • Abbott Laboratories (US)
  • Pfizer Inc. (US)
  • Sanofi (France)
  • Procter & Gamble (US)
  • Merck KGaA (Germany)
  • GlaxoSmithKline plc (UK)
  • Sun Pharmaceutical Industries Ltd. (India)
  • Cipla Limited (India)
  • Teva Pharmaceutical Industries Ltd. (Israel)
  • Boehringer Ingelheim GmbH (Germany)
  • Perrigo Company plc (Ireland)
  • Takeda Pharmaceutical Company Limited (Japan)
  • AstraZeneca plc (UK)
  • Novartis AG (Switzerland)
  • Mylan N.V. (US)
  • Sandoz International GmbH (Germany)

Cough Syrup Market Recent Developments

  • In March 2022, KaraMD introduced Pure Health Apple Cider Vinegar Gummies, a plant-based gummy product designed to support ketosis, regulate digestion, manage weight, and promote increased energy levels.
  • In January 2022, Solace Nutrition, a US-based medical nutrition company, acquired the assets of R-Kane Nutritionals for an undisclosed amount. This strategic acquisition allows Solace Nutrition to synergize with R-Kane Nutritionals, accelerate its growth, and establish a foothold in an adjacent nutrition sector. R-Kane Nutritionals, a US firm specializing in high-protein meal replacement products for weight loss.
  • In February 2021, Johnson & Johnson completed the acquisition of Zarbee's Naturals, which enabled the company to meet the rising demand for natural cough syrups for children while diversifying its product portfolio.

Global Cough Syrup Key Market Trends

  • Growing demand for natural and plant-based cough syrups: One key market trend in the above market is the growing demand for natural and plant-based cough syrups. Consumers are increasingly seeking cough syrup products made from natural ingredients, such as herbal extracts and plant-based formulations, due to their perceived safety and efficacy in managing cough and cold symptoms. This trend is driven by a rising awareness of the potential side effects of synthetic ingredients and a preference for more holistic and sustainable healthcare options.

Global Cough Syrup Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our Global Cough Syrup Market analysis, the global market is characterized by robust growth and widespread demand, driven by the increasing prevalence of respiratory ailments and a focus on self-medication for common cold and cough symptoms. Expectorants and combination medications dominate the market, while the pediatric segment shows the fastest growth. North America holds the largest market share due to its high respiratory disease prevalence, while the Asia Pacific region experiences rapid expansion fueled by a growing population, urbanization, and rising disposable incomes. Key drivers include respiratory disease prevalence, while strict regulations and concerns over misuse act as restraints. The market features intense competition with companies investing in research, product innovation, and strategic partnerships. The trend of natural and plant-based cough syrups is gaining momentum as consumers seek safer and more holistic remedies.

Report Metric Details
Market size value in 2021 USD 4.63 billion
Market size value in 2030 USD 6.42 billion
Growth Rate 3.7%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Expectorants, cough suppressants, antihistamines and combination medications
  • Age Group
    • Pediatric and adult
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Acella Pharmaceuticals, LLC (US)
  • Abbott Laboratories (US)
  • Pfizer Inc. (US)
  • Sanofi (France)
  • Procter & Gamble (US)
  • Merck KGaA (Germany)
  • GlaxoSmithKline plc (UK)
  • Sun Pharmaceutical Industries Ltd. (India)
  • Cipla Limited (India)
  • Teva Pharmaceutical Industries Ltd. (Israel)
  • Boehringer Ingelheim GmbH (Germany)
  • Perrigo Company plc (Ireland)
  • Takeda Pharmaceutical Company Limited (Japan)
  • AstraZeneca plc (UK)
  • Novartis AG (Switzerland)
  • Mylan N.V. (US)
  • Sandoz International GmbH (Germany)
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Cough Syrup Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Cough Syrup Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Cough Syrup Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Cough Syrup Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Cough Syrup Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Cough Syrup Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$5,300
BUY NOW GET SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

SPEAK TO AN ANALYST

FAQ's

Cough Syrup Market size was valued at USD 4.63 billion in 2021 and is poised to grow from USD 4.8 billion in 2022 to USD 6.42 billion by 2030, at a CAGR of 3.7% during the forecast period (2023-2030).

The competitive landscape of the global cough syrup market is characterized by intense rivalry among key players striving to gain a competitive edge through product innovation, strategic partnerships, and aggressive marketing tactics. Market participants are continuously investing in research and development to introduce advanced formulations that offer enhanced efficacy and cater to specific consumer needs. Moreover, the market's dynamic nature is prompting companies to focus on expanding their distribution networks, especially through online platforms, to widen their consumer reach and maintain a strong market presence. 'Johnson & Johnson services Inc. (US)', 'Reckitt Benckiser Group Plc. (UK)', 'Novartis International AG (Switzerland)', 'Acella Pharmaceuticals, LLC (US)', 'Abbott Laboratories (US)', 'Pfizer Inc. (US)', 'Sanofi (France)', 'Procter & Gamble (US)', 'Merck KGaA (Germany)', 'GlaxoSmithKline plc (UK)', 'Sun Pharmaceutical Industries Ltd. (India)', 'Cipla Limited (India)', 'Teva Pharmaceutical Industries Ltd. (Israel)', 'Boehringer Ingelheim GmbH (Germany)', 'Perrigo Company plc (Ireland)', 'Takeda Pharmaceutical Company Limited (Japan)', 'AstraZeneca plc (UK)', 'Novartis AG (Switzerland)', 'Mylan N.V. (US)', 'Sandoz International GmbH (Germany)'

One key driver of the global cough syrup market is the increasing prevalence of respiratory ailments worldwide. Factors such as air pollution, changing weather conditions, and the spread of viral infections contribute to a higher incidence of cough and cold symptoms, leading to a growing demand for cough syrups as an effective remedy.

Growing demand for natural and plant-based cough syrups: One key market trend in the above market is the growing demand for natural and plant-based cough syrups. Consumers are increasingly seeking cough syrup products made from natural ingredients, such as herbal extracts and plant-based formulations, due to their perceived safety and efficacy in managing cough and cold symptoms. This trend is driven by a rising awareness of the potential side effects of synthetic ingredients and a preference for more holistic and sustainable healthcare options.

North America currently holds the dominant position in the global cough syrup market. The region's dominance can be attributed to the high prevalence of respiratory diseases, changing weather patterns, and the widespread adoption of self-medication practices. Additionally, the presence of established pharmaceutical companies and advanced healthcare infrastructure further contributes to the significant market share in North America.

Speak With Our Analyst

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Cough Syrup Market

Product ID: SQMIG35I2279

$5,300
BUY NOW GET SAMPLE