Top Emerging Trends Of Detox Product Market Progress Forecast 2025 |Grand View Research, Inc.
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.
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
Browse Research Report On detox product Market:
Marijuana was the most consumed drug among young population. Use of illicit drugs may lead to other chronic disorder such as heart attack and diabetes. As the number of people consuming illicit drugs is on rise, the government of U.S., is taking various preventive majors by constructing schools and training the teachers to identify symptoms of drug abuse among the students. Such initiatives are expected to positively influence the demand for detox products in the forthcoming years.
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%
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.
Browse Press Release of this report:
Rising awareness of the health hazards of smoking is encouraging a number of people to quit smoking. Smokers are increasingly using detox products to quit smoking, which is expected to have a positive impact on the market growth. Various government and non-government organizations are spreading awareness regarding the ill effects of drugs, alcohol, and cigarettes on human body. Such initiatives have fueled the number of drug rehabilitation centers across the world. For instance, The Philippines Department of Health have introduced many activities and efforts to fights against drug problems in different country. The government is setting up rehabilitation center and is spreading awareness through various campaigns and education programs. Such initiatives are expected to fuel the demand for detox products during the forecast period.
Grand View Research has segmented the global detox product market by product:
Detox Product Outlook (Revenue, USD Billion, 2015 - 2025)
- Pharmaceuticals
- Herbal
- Cosmetics
The drug abuse and alcohol consumption is increasing in many part of the world. According to the study conducted by the Substance Abuse and Mental Health Services Administration (SAMHSA) on the drug and health, in 2013, 9% of the U.S. population, aged 12, had used illicit drug in the past, which was 8% more than the one recorded in 2002.
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.
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