2024
10
A Year of Innovation in the OTC Medications Market 2024
2024-12-04T10:03:13+00:00
REP08390A77_D2EC_487A_982F_6EBDCDCDFAFF
2195
177873
[{"name":"OTC Medications","url":"https:\/\/store.mintel.com\/industries\/health-wellbeing\/otc-medications"}]
Report
en_GB
NPD is tapping into consumer interest in new formats and targeted solutions; further innovation in niche wellness and active segments could invigorate the category. Shiyan Zering, Beauty and Personal Care…
  1. /
  2. All Industries
  3. /
  4. Health and Wellbeing
  5. /
  6. OTC Medications
  7. /
  8. A Year of Innovation in the OTC Medications Market 2024

A Year of Innovation in the OTC Medications Market 2024

Consumer Reports - What's Included
  • Multiple Report Formats
  • Access to our Clients Portal
  • Interactive Databook
  • Custom Presentation Tool

Explore the latest innovation in OTC medications in 2024 with Mintel’s global innovation report. The report identifies the major launch activities, pivotal consumer attitudes and most important product development of the year across regions EMEA, APAC, and the Americas.

Key innovation trends in the global over-the-counter medications market are analysed and succinctly presented alongside Mintel’s consumer data and insights. So you can understand changing consumer demands and identify future growth opportunities.

This report also presents Mintel’s analysts’ pick of the most innovative launches in the OTC medications industry. Understanding innovation in OTC medications has never been so easy.

Meet the Expert Behind the Analysis

This report was written by Shiyan Zering. Shiyan joined Mintel in 2022, writing UK reports on beauty, personal care, and OTC categories. She has over six years of previous experience in the colour cosmetics sector, in both consumer and artistry-facing roles.

NPD is tapping into consumer interest in new formats and targeted solutions; further innovation in niche wellness and active segments could invigorate the category.

Shiyan Zering, Mintel AnalystShiyan Zering
Beauty and Personal Care Analyst

Collapse All
    • What we have seen
    • Our pick of the most innovative launches in this review
    • Other innovative launches
  1. Europe, Middle East & Africa (EMEA)

    • Europe: disrupt ingestible remedy formats
    • Consumers crave a better user experience
    • Tablet formats continue to drive ingestible OTC launch activity
    • Graph 1: ingestible OTC medication launches, by select format types, 2021-24
    • Brands look to adjacent categories for inspiration
    • Europe: cater to cautious consumers looking for preventative medication
    • Consumers want to be more health-vigilant
    • Stay ahead of preventative claims
    • Graph 2: allergy, decongestive, cough/cold/flu and pain relief launches carrying preventative claims*, 2019-24
    • NPD highlights the role of maintenance in fighting symptoms
    • The Middle East & Africa (MEA)
    • Spotlight on MEA innovation
  2. Asia Pacific (APAC)

    • Asia: satiate consumer desire for traditional ingredients
    • Consumers seek comfort in traditions
    • Better meet consumer demand for alternative medicines
    • Graph 3: OTC medication launches carrying alternative medicine claims*, 2019-24
    • Pair traditional ingredients with efficacy claims
    • Asia: gut health is a holistic solution
    • Embrace consumer understanding of gut health
    • NPD touts digestive support, but has room to grow
    • Graph 4: digestive/detoxifying treatments, decongestive and cough/cold/flu relief launches carrying select gut health claims, 2021-24
    • Brands are considering the necessity of gut health
    • Consider side effects of gastrointestinal issues
    • Australia & New Zealand (ANZ)
    • Spotlight on ANZ innovation
  3. The Americas

    • North America: calm the consumer need for stress and sleep relief
    • Consumers seek soothing products
    • Target stress and sleep relief
    • Graph 5: OTC medication launches, by top five functional claims, 2021-24
    • Brands are creating a sense of calm
    • North America: ride the sports wave
    • Consumers want active support
    • Better meet consumer demand with sports-related claims
    • Graph 6: OTC medication launches carrying sports-related claims*, 2019-24
    • Provide targeted relief and support for muscles, sprains and strains
    • Will Perform crosses over into pain-relieving bodycare
    • Latin America: the impact of climate change
    • Quench consumer thirst for rehydration remedies
    • Brands are emphasising protection against dehydration
    • Increased pollen calls for more allergy remedies

About the report

Gain access to high quality market research with every purchase of Mintel’s reports.

Below is a sample report, understand what you are buying.

Please Note: All of the figures, graphs, and tables have been redacted.
£ 2,195 (Excl.Tax)
  • Instant access when you pay by credit card.
  • Save 10% on all purchases with the code: INSIGHTS2024. Offer available until 31st December.
Buy now

Is this report right for you?

From consumer reports to customised growth strategies. We have an option to suit your business requirements.

Find out more

Popular Related Reports

Global Outlook on Sustainability: A Consumer Study 2024-25

£ 5,000£ 21,600

Mintel’s 2024-25 Global Outlook on Sustainability: A Consumer Study is designed to help you understand what brands and companies should prioritise in order to educate consumers and ensure...

Find out more

The Future of Specialised Nutrition 2024

£ 2,195

The future of the category is shaped by modernising weight management, AI in medical nutrition, and cleaner, safer infant formula for future Gen Alpha parents. Rick Miller, Food &...

Find out more

The Future of Vitamins, Minerals and Supplements 2024

£ 2,195

Future-proofed VMS optimises holistic weight management, adapts to modern lifestyles and pioneers pro-longevity and sustainable breakthroughs for health across generations. Michelle Teodoro, Global Food Science Analyst ...

Find out more

Patent Insights: Boosting Liver Health

£ 2,195

Recent patents show exciting opportunities for foods and supplements that support fat reduction for liver health and detoxification, and the gut-liver axis. Neha Srivastava, Senior Patent Analyst - Food...

Find out more

Patent Insights: Weight Loss Products

£ 2,195

Recent patents feature ingredients that reduce lipid absorption and boost satiety, and others cover tech devices and apps that support weight loss.Neha Srivastava, Senior Patent Analyst - Food...

Find out more

Patent Insights: B Vitamins For The Daily Regimen

£ 2,195

Recent patent filings highlight the role of B vitamins in delivering multiple health benefits, and the use of novel technologies for the production of non-animal vitamin B12.Neha Srivastava,...

Find out more

Trusted by global industry leaders

Working in a customer-obsessed organization means that data and insights have to be at our fingertips. Mintel’s reports help us support anecdotes with real quantifiable insights. The summary sections (which I really like) helps save time by giving a birds eye view of the content before spending time combing through the pages.

Our business review discussions are strengthened by the relevancy of the reports to help us better understand our customers. In addition, the customer service received from the team (especially in crunch periods) makes the process of understanding customer behavior even better.

Ngozi Ngonadi-Nkwoji, Senior Marketing Manager, Amazon

We’ve found it so useful working more closely with Mintel. They helped support our recent flagship event for our top suppliers by providing a really unique viewpoint on the future of online retailing.

Nick Carroll from their Retail Team was also an excellent panelist, sharing useful and actionable consumer insights. We definitely look forward to working with Mintel again on future projects.

Zac Steele, E-Commerce Trading Development Manager, Waitrose & Partners

We use Mintel Reports, mostly for financial services and ecommerce markets, plus a few retail and technology ones.

As a leading payments provider, we value additional insights into consumer behaviour, opinions and trends that are shaping the many different markets we operate in. Mintel is a very good and very quick way for us to obtain those insights.

We use Mintel to get a view on where a particular market is going, which can support us in product development and help us identify opportunities or indeed risks, it is a very useful barometer of a market’s potential.

 

Andrew Neeson, Market Intelligence Manager, VocaLink

There is no question that Mintel is the go-to resource for the best quality market research, but I did not think it was an affordable option for Abacus Marketing to consider. As a small marketing agency, we only work with a few new clients each year.

However, we have a very high-end consultative approach to our work, so we really do need a partner like Mintel to provide the big agency experience we are always aiming to deliver. Our clients come from an incredibly diverse range of industry sectors, so we obviously need access to market research reports from a very wide spectrum of marketplaces – and that is precisely what we got.

Stephen Taylor-Brown, Managing Director, Abacus

We use Mintel to inform our thinking and reinforce strategy. If you’re presenting new ideas, it’s essential they are underpinned by robust data and evidence, and clearly rooted in fact.

Mintel gives us all that. It’s a great brand and one that is trusted by clients.

Marie Stafford, European Director, The Innovation Group, Wunderman Thompson

Is this report right for you?

From consumer reports to customised growth strategies. We have an option to suit your business requirements.

Find out more