The global detox product market size
is expected to reach USD 69.85 billion by 2025, according to a new report by
Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.6% during
the forecast period. Increasing drug and alcohol addiction among youth is
expected to fuel the product demand.
Alcohol addiction among teenagers is one of
the major issues, as the alcohol consumption among the teenager is increasing
across the world. Government agencies from around the world are taking various
preventive majors and are spreading awareness through awareness campaigns in
school, colleges, and other such places. This factor is expected to drive the
demand for detox products over the forecast period.
Pharmaceutical product segment led the
global detox products market in 2018 and is expected to maintain its position
throughout the forecast period. Rising availability of nicotine replacement
therapy products coupled with the demand for chewing gums is driving the sales
of pharmaceutical products. However, herbal product segment is expected to
witness the fastest CAGR over the forecast period. High demand for green tea
owing to its various health benefits is expected to bode well for the growth.
Rising consumption of green tea among smokers for detoxification is anticipated
to fuel the product demand. Moreover, availability of various flavors of green
tea drives the product demand. For instance, in 2018, Red Tea Detox was
launched. It reduces the weight and improves immune system along with
detoxifying the body.
North America held the largest market share
in 2018. The increasing drug and alcohol consumption in U.S and government
efforts to spread awareness regarding the ill effects of these products is
anticipated to drive the regional growth. Rise in training programs, seminars,
behavioral therapy, medication, case management, and other forms of care is
expected to further fuel the demand for detox products. However, Asia Pacific
is expected to witness significant growth over the forecast period owing to the
increasing penetration of nicotine therapy replacement product.
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or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/detox-product-market
https://www.grandviewresearch.com/industry-analysis/detox-product-market
Further key findings from the report suggest:
· In terms of revenue, herbal products
segment is anticipated to ascend at a CAGR of 5.1% over the forecast years
· Pharmaceuticals led the product segment
with an overall market share of over 44.2% in terms of revenue in 2018
· North America led the global detox product
market in 2018 with a revenue share 30.5%
· The market is highly competitive with the
presence of major players such as Pfizer Inc.; Novartis AG.; West-Ward
Pharmaceuticals Corp.; Mallinckrodt PLC.; Biodelivery Sciences International
Inc.; Mylan N.V.; Body Ecology, Inc.; Detoxify LLC.; Himalaya Global Holdings
Ltd.; The Bioforce Group; and others
Grand View Research has segmented the
global detox product market by product, and region:
Detox Product Outlook (Revenue, USD
Billion, 2015 - 2025)
·
Pharmaceuticals
·
Herbal
·
Cosmetics
Detox Product Regional Outlook (Revenue,
USD Billion, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
