DUBLIN–(BUSINESS WIRE)–The “Dissolvable Oral Thin Films Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering.
The USA, Canada, the UK and India remain the key global markets for this category of products. According to our survey conducted February 2023, 157 brands of oral strips by 158 companies were officially available in the global market. The publisher inspected only ones with active ingredients and not included others (medication strips, breath freshener).
Oral dissolvable films are thin films that instantly dissolve into the buccal cavity to give instantaneous results. Dissolvable oral thin films trends vary depending on the region of presence and ingredients. Nicotine oral strips market is not developed, and these products account for only 0.5% of the tobacco market.
Current market status
The publisher has analyzed about 171 oral strips series with different components, and 32% of oral strips are made with vitamins
The trend is to combine caffeine with vitamins or cannabinoids with vitamins. 20% of marketed oral thin films have caffeine inside
The analysis of dissolvable strips by release date showed that general market of oral strips expands from 1-2 SKU groups in 2007-2014 to 43 released SKU groups in 2021
The number is growing at the same rate of dissolvable thin films containing Delta-8-THC, CBD, vitamins, and caffeine. Vitamins without other active ingredients are the prevailing type, with strong breakthrough in 2020 (12 released SKU Groups)
Key regulatory aspects
Nicotine strips are “novel nicotine products” and are covered by the Tobacco Product Directive in the European region
In countries with no specific regulation, nicotine strips are considered a consumer product and subject to the Commodity Act and the General Product Safety Directive (GPSD)
Marijuana-containing oral film strips are illegal in the USA at the federal level and in the UK
Hemp-derived CBD thin films are legal in most high-income countries
Hemp-derived delta 8 THC oral strips is unregulated or illegal in almost half of US states
Supplements and caffeine strips are regulated as dietary supplements
Flavour analysis key aspects
Global strips market is dominated by mint (27.4%), fruit (17.5%), berries (15.4%) flavors
Most cannabinoids oral strips go unflavored. Berries and Fruits flavors are used for supplements strips and energy strips. Most of all energy strips go with the original coffee flavor
Market prospects
IntelGenx Corp. wants to add psilocybin on dissolvable sublingual strips to help treat depression, but that product will be launched in 2024-2025. For this product they will use VersaFilm technology platform. FDA could legalize psilocybin-assisted therapy within the next few years
CURE Pharmaceutical in collaboration with Canopy Growth Corporation aimed at development of the new low-dose cannabidiol (CBD) oral thin film (OTF) using CURE’s patented CUREfilm technology for global distribution
Further trends may include strips with kratom and mushroom extras inside
Cannabinoids (hemp-derived) and supplements oral films are rapidly growing markets. North America is expected to hold a dominant position in the global market of cannabinoid oral strips and supplements strips. India remains the key global market for supplement strips
Compared to other dissolvable products, nicotine strips aren’t the best option to enter the market, due to the rapid effect of the strips and strict regulation while the cannabinoids (hemp-derived) strips and the vitamin or energy strips have good projected performance and are representing growing markets.
Companies Mentioned
Lionheart Enterprises, LLC.
SpectrumLeaf Cannadips Sp. z o.o
Eco Canadian Organic Inc.
DMHH LLC
TRPC Inc.
Opticann Inc.
Dorcia LLC.
Emblem Cannabis Corporation
HempLucid LLC
Pharmastrip USA Corp.
Sera Labs Inc.
Pharmalynk LLC.
InnoBEM d.o.o.
SANA Products LLC
Axcentria Pharmaceuticals LLC
NEwhere, Inc.
Medley & Maal London Ventures Ltd.
Labethos, LLC
Rare Beauty Brands, Inc.
Bonayu Lifesciences Pvt. Ltd.
ODF Nutra Inc.
PureBrands, LLC
New Age II, LLC
Cybin Inc.
Core One Labs Inc.
Dogtown Brands, Inc.
TMS LLC
Kazmira LLC
Citrus CBD LLC
ABM Manufacturing Inc.
Nutra Pure Extraction LLC
IkoStrips, Inc.
Japan Tobaco
GlaxoSmithKline plc
Fuisz Pharma LLC
Oblate Inc. (formerly Effective Concepts Inc.)
RW3, INC.
Imperial Tobacco
Heal Tree LLC
Optimags GmbH
Ocean Grown Botanicals, LLC
CURE Pharmaceutical
CanniMed Ltd.
Project Yosemite, Inc.
The Green Room LLC
Cure Pharmaceutical
Aurora Cannabis Inc.
Phoena Inc.
Vektor Pharma TF GmbH
CTC Bio Inc.
InStar Technologies a.s.
Ofe Corporation
Innosol Health Corp.
Rapid Dose Therapeutics Inc.
Intelgenx Corp.
Aavishkar Oral Strips Pvt Ltd.
Nutrizoe Nutriifoods Pvt Ltd
Wayne Patrick Consumer Products Ltd.
Aphria Inc.
MediCrops Holding AG
Lionheart Enterprises, LLC
Truradix Nutraceuticals Private Limited
MedReleaf Australia
Helios Lifestyle Private Limited
VCM LLC
ZIM Laboratories Limited
Ace Nutrimony LLP
NanoVeda
Dynatabs, LLC
Nutritech Asia Ltd.
D.K. Livkon Healthcare Pvt. Ltd.
Inventz Life Sciences Pvt. Ltd.
GlaxoSmithKline Consumer Healthcare Australia Pty Ltd.
Quit4Good Pty Ltd.
Passion For Life Healthcare (UK) Ltd.
Melting Pot Concepts Pvt. Ltd.
Nicoccino AB
Jamieson Laboratories
Elomir Inc.
Zeph Global LLC
Eisai Pharmaceuticals India Pvt. Ltd.
Mankind Pharma Ltd.
Vivitra Pharmacy India Pvt. Ltd.
Novelty Healthshine Pvt. Ltd.
Eisai Pharmaceuticals India Pvt. Ltd.
Shilpa Medicare Ltd.
Setu Nutrition Pvt. Ltd.
Bidada Foods Pvt. Ltd.
Lionheart Enterprises, LLC
Guangdong Fuwei Health Technology Co., Ltd.
Advocacy LLC
NuStrips, Inc.
Essential Source, Inc.
LiveLong Nutrition
Pineapple Ventures, Inc.
KOR Medical, LLC
LOVE Pharma Inc.
CosmoLab Manufacturing Ltd.
Full Spectrum Zen LLC
Centre Ferme.C3 Inc.
Kindred Cannabis
Medical Investor Holdings LLC
Good Vibez & Co.
Best CBD Strips
MariMed Inc.
Craft 1861, LLC
421 Brands Inc.
Marianna Naturals Corp.
Nutrend D.S., a.s.
Habit Products LLC
Univet Healthcare Products Pvt. Ltd.
Concept Matrix Solutions, Inc.
Filgap India Pvt. Ltd.
Terra Nova Cosmetics
Bsolve Ltd.
Specialty Beverages Products Corp.
Boots UK Limited
Hatops Food (China) Co., Ltd.
Les Industries Bigg Juice Inc.
4296087 Canada Inc.
Cannabis Science, Inc.
Spectrum Hemp Ltd.
Canyon Cultivation, LLC
Momentus Solutions, LLC
ODF Nutra Inc.
PureKana, LLC
Aveneon Technology LLC
Essential Source, Inc.
RENUzORAL, LLC
Harsh Nutricare Pvt. Ltd
Johnson and Johnson Services, Inc.
C. B. Fleet Company, Inc.
Sanofi Corp
Swiss life Sciences Group PLC
Swiss life Sciences Group SA
Organigram Inc.
Nutra3 Complex
BioFilm Ltd.
InnoZen, Inc.
R.J. ReynoldsBonAyu UK
LTS Lohmann Therapie-Systeme AG
Paladin Labs Inc.
KyuKyu Pharmaceutical Co., Ltd.
Aquestive Therapeutics, Inc.
Aurora Cannabis
CTT Pharmaceutica,
InStar Technologies a.s.
Rapid Dose Therapeutics Inc.
Revvies Energy Strips Ltd.
Innosol Health Corp.
Unived Healthcare Products Pvt. Ltd.
Nutritionalab Private Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/achrs8
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