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.
For Full Research Report On Detox Product Market Visit Here:
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
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/detox-product-market/request/rs1
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
- U.S.
- Canada
- Europe
- Germany
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- 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.
For more info visit @ https://www.grandviewresearch.com
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