20-Jun-2023 | Zion Market Research
The global oral spray market size was worth around USD 437.15 million in 2022 and is predicted to grow to around USD 497.82 million by 2030 with a compound annual growth rate (CAGR) of roughly 1.64% between 2023 and 2030.
The oral spray industry deals with manufacturers and distributors that deal with products that are designed to be directly sprayed into the mouth for various purposes including medication delivery, oral care, nutraceutical supplementation, and other applications. The market encompasses the production, distribution, and consumption of oral sprays on a global scale. The industry can be influenced by several factors such as the type of oral spray, the target audience, and regional market dynamics. During the forecast period, the oral spray industry players can expect steady growth as new products are launched along with technological advancements, and consumer demand.
This review is based on a report by Zion Market Research, titled "Oral Spray Market By Application (Skincare Products, Medicine, Nutraceuticals, Cannabis & CBD Products, And Others), By Type (Drug Oral Spray And Daily Oral Care Spray), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030"- Report at https://www.zionmarketresearch.com/report/oral-spray-market
The global oral spray market is projected to grow owing to targeted delivery achieved using oral sprays since they can be used to spray the content to a specific area in the mouth. This form of drug delivery is practically difficult to achieve with other modes of drug delivery. For instance, throat sprays can be used to target sore throats or provide relief from coughs and colds. This method assists in improving the effectiveness of the product and hence directly impacts the overall user experience. In addition to this, the growing demand for nutraceuticals including vitamins, minerals, and dietary supplements could play a crucial role in market expansion as oral sprays offer a lucrative alternative to traditional supplement forms, such as tablets or capsules.
The legalization of cannabis and Cannabidiol (CBD) products across the globe is likely to leave a positive impact on the oral spray industry since they can provide precise dosing and discreet consumption methods for recreational or medical cannabis users. Another major driver in the industry is the rising focus on oral health as oral mouth care products are witnessing high demand due to their effectiveness in freshening breath, combating bacteria, and promoting oral hygiene.
The global oral spray industry is expected to register limited growth owing to the severe challenges faced by manufacturers during product formulation since oral spray can work efficiently only when it is produced using effective and stable formulations. However, creating a product that delivers the desired dose of active ingredients, maintains product stability, and provides a consistent spray pattern can be complex and could lead to high investments in research & development. Furthermore, the success rate of a product highly depends on brand recognition and consumer perception. It may take years for new entrants to generate credibility around the brand value which also means limited revenue until the brand is completely established.
The growing demand for non-invasive delivery may provide growth opportunities while regulatory compliance could challenge market expansion.
The global oral spray market is segmented based on application, type, and region.
Based on application, the global market segments are skincare products, medicine, nutraceuticals, cannabis & CBS products, and others. The highest industry growth was observed in the medicine segment as oral sprays are commonly used to deliver several medicines including throat sprays and oral healthcare products. They provide users with a convenient and targeted method of delivering pharmaceutical substances into the body. The industry is gaining high momentum in the nutraceutical segment as well. These are products that provide a combined benefit of nutrition & pharmaceuticals and are essential to provide health benefits that go beyond basic nutrition. The increasing number of players experimenting with oral sprays could lead to higher segmental growth. The global mouth freshener market, of which oral spray is an important part, was valued at more than USD 18 billion in 2022.
Based on type, the global oral spray market divisions are drug oral spray and daily oral care spray, The drug oral spray segment had a larger market share in 2022. They are used to deliver medications and pharmaceutical substances that have wide adoption in the healthcare sector. They are used for purposes such as pain relief, allergy relief, nasal decongestants, oral health, and throat sprays. On the other side, daily oral care spray consists of everyday used products such as mouthwashes, breath fresheners, and oral hygiene products, which have a more limited market presence. However, the usage is largely limited to only certain segments of the population since there are multiple oral care products available in several forms. Traditional oral care products such as toothpaste and mouthwash still dominate the oral care market. Around 200 million people in the US use mouthwash regularly.
The global oral spray market is projected to register the highest growth in North America owing to higher product awareness and consumption rates alongside an increasing number of industry players including international companies that have adopted strategic measures to enter new markets. Europe is another crucial market for higher revenue and factors such as the presence of leading pharmaceutical & nutraceutical companies, a large geriatric population, and a strong emphasis on healthcare & wellness are leading reasons for higher CAGR. The Asia-Pacific region is witnessing rapid expansion driven by a larger consumer database along with increasing disposable income and greater emphasis of the regional governments to promote pharmaceutical and nutraceutical industries.
Oral Spray Market: Competitive Analysis
The global oral spray market is led by players like:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651