Global Effervescent Products Market Insights
The global effervescent products market is estimated to witness a high CAGR during the forecast period (2019-2026). Increasing consumer demand for preventive health and increased government spending on health care are some of the major factors driving the effervescent products market growth. Effervescent products are used as a supplement to treat or avoid a low amount of potassium in the blood that is caused by an imbalanced diet. Growing demand for optimization of dosage forms has created a need to improve the performance of effervescent products, which would also boost demand for effervescent products during the forecast period. Growing demand from pharmaceutical industries across the globe is expected to propel the market during the forecast period. However, rising concern regarding side effects and complex handling & packaging processes, stringent environmental norms, and volatile prices of effervescent products by the government are likely to hamper the market growth during the forecast period.
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Effervescent Products Market: By Product
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. Growing development of water soluble effervescent tablets is expected to drive the market. The effervescent powder segment is projected to hold the second largest market share in terms of revenue due to its wide applications in pharmaceutical and food industries. Effervescent powder form is preferred for patients who need a high dose of active ingredients, and who don’t like tablets/capsules. Effervescent powder is used for preparing carbonated drink by adding to room-temperature water.
Effervescent Products Market: By Application
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. The functional foods segment is estimated to grow at the highest CAGR between 2019 and 2026 owing to its high productivity, efficiency and minimal side effect on the body. Functional food is an enriched or enhanced food that provides health benefits beyond conventional nutrients such as vitamins and minerals. It helps improve the absorption of nutrients, boosts metabolism and helps to reduce weight among others.
Effervescent Products Market: By Distribution Channel
On the basis of distribution channel, the effervescent products market is segmented into retail pharmacies, drug store, e-commerce, hypermarkets & supermarkets, and multi-level marketing channels. The e-commerce segment is estimated to grow at the highest CAGR during the forecast period. Growing use of smartphones and an increasing number of e-commerce websites around the globe are driving the e-commerce industry. E-commerce shopping has many benefits over conventional shopping, such as easy access, product comparison, low price, time savings, and easy payment methods, among others. Retail pharmacies is estimated to hold the largest market share during the forecast period. Retail pharmacies are generally located near hospitals, residential areas and commercial area among others. The leading retail pharmacy chain in the U.S. includes CVS Corporation, Walgreens, Walmart Store Inc., Publix pharmacies, and Costco pharmacy among others.
Effervescent Products Market: By Region
On the basis of region, the market for effervescent products is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America. The North America region is expected to grow at the highest CAGR during the forecast period. Significant rise in demand for specialized drugs is expected to drive the market during the forecast period. Growing incidence of diseases and technical advancement in the production of dental products is expected to drive the market as well. The market growth in the region is dominated by the U.S. followed by Canada. The presence of leading automotive companies including Reckitt Benckinser, Nuun, and Herbalife International of America among others are driving the market in the North America region. Asia-Pacific is expected to witness considerable growth in the effervescent products market during the forecast period. Growing healthcare spending in emerging countries including India, Japan, South Korea, China, and Singapore among others is propelling the market growth in the region. Growing population, coupled with technological advancements in the medical industry, are some of the key factors influencing the market growth for effervescent products in the region.
Effervescent Products Market: End Use Landscape
The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase. The key end-users of the markets are Trinity Health Corporation, Dental Clinic Germany, Kokilaben Dhirubhai Ambani Hospital and Medical Research Institute, and Sunrise Dental of Monroe among others.
Effervescent Products Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the Effervescent products market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Effervescent Products Market Share & Competitor Analysis
Some of the key players operating in the Effervescent products market are 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. among others.
- In October 2019, Bayer AG announced the launch of LifeHub UK which focuses on Artificial Intelligence to improve data-driven drug discovery and disease diagnosis
- In October 2019, GlaxoSmithKline Plc announced its first biologic treatment-Intravenous Benylsta for children with lupus and its aprroved by the European Commission
- In September 2019, Reckbitt Benckiser Group PLC signed a partnership agreement to acquire TerraCycle to offer consumer a simple and free of cost way to recycle the consumer goods packaging. The company is recognized as an international recycling leader
- In September 2019, Herbalife International Of America, Inc. announced the opening of 29 Casa Herbalife Nutrition program and donate USD 4 million to support nutrition programs
- In July 2019, DMK Group established its high-tech baby food plant in Strückhausen site and invested Euro 145 millions
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