Global Loratadine Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Tablets, Capsules, and Syrup.

By Grade Type;

USP Standard Grade, EP Standard Grade, and Medicine Standard Grade.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn448136521 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Loratadine Market (USD Million), 2021 - 2031

In the year 2024, the Global Loratadine Market was valued at USD 148.31 million. The size of this market is expected to increase to USD 161.23 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 1.2%.

The global loratadine market, encompassing the production, distribution, and consumption of this widely used antihistamine, has demonstrated significant growth and evolution in recent years. Loratadine, a second-generation H1 histamine receptor antagonist, is renowned for its efficacy in alleviating allergy symptoms without causing significant drowsiness, a common side effect associated with first-generation antihistamines. This has led to its widespread acceptance and use across various demographics and regions.

Several factors are driving the expansion of the loratadine market. The increasing prevalence of allergic conditions, such as allergic rhinitis and chronic urticaria, has heightened the demand for effective over-the-counter (OTC) medications. Furthermore, rising awareness about allergy management, coupled with the growing global population and urbanization, contributes to the market's growth. Additionally, advancements in pharmaceutical formulations and the introduction of generic versions have made loratadine more accessible to a broader consumer base.

The market is characterized by intense competition among major pharmaceutical companies and generic drug manufacturers. Key players are continuously striving to innovate and capture market share through strategic marketing, competitive pricing, and expansion into emerging markets. The regulatory landscape also plays a crucial role, as governments and health organizations set standards to ensure the safety and efficacy of loratadine products.

Regionally, North America and Europe have traditionally dominated the market due to high healthcare expenditure and well-established healthcare infrastructures. However, the Asia-Pacific region is witnessing rapid growth, driven by increasing healthcare awareness, economic development, and a surge in allergic diseases.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Grade Type

    3. Market Snapshot, By Region
  4. Global Loratadine Market Trends
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Prevalence of Allergic Conditions
        2. Over-the-Counter (OTC) Medications
        3. Allergy Management Awareness
        4. Global Population Growth
      2. Restraints
        1. Adverse Side Effects
        2. Regulatory Hurdles
        3. High Competition
        4. Patent Expirations
      3. Opportunities
        1. Emerging Markets Expansion
        2. Product Innovation
        3. Digital Health Integration
        4. E-commerce Growth
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Loratadine Market, By Product Type, 2021 - 2031 (USD Million)
      1. Tablets
      2. Capsules
      3. Syrup
    2. Global Loratadine Market, By Grade Type, 2021 - 2031 (USD Million)
      1. USP Standard Grade
      2. EP Standard Grade
      3. Medicine Standard Grade
    3. Global Loratadine Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa

        1. GCC

        2. Israel

        3. South Africa

        4. Rest of Middle East & Africa

      5. Latin America

        1. Brazil

        2. Mexico

        3. Argentina

        4. Rest of Latin America

  6. Competitive Landscape
    1. Company Profiles
      1. Bayer AG
      2. Mylan N.V
      3. Pfizer Inc
      4. Cadila Pharmaceuticals
      5. Sun Pharmaceutical Industries Ltd
  7. Analyst Views
  8. Future Outlook of the Market