Consumer health in 2024: The big picture
In 2024, consumer health overall in Finland is seeing moderate value growth, primarily influenced by the ongoing economic challenges affecting specific segments such as basic OTC products. As a result, consumers are increasingly opting for generics and basic offerings.
2024 key trends
Consumer interest is rising notably in areas such as digestive health and stress relief/relaxation. There is a growing preference for easy-to-use products that demonstrate proven efficacy, with consumers willing to pay a premium for these attributes.
Competitive landscape
Throughout the review period, several local mid-ranking companies have enhanced their market positions. Notable examples include Hankintatukku, Harmonia Life, Suomen Bioteekki, and local grocery retailers Kesko and S Group.
Retailing developments
While the overall transition from offline to online channels has slowed in Finland, the consumer health segment continues to show solid growth. This is largely because online sales in this category were previously lagging behind many other sectors.
What next for consumer health?
Looking ahead, consumer health in Finland is projected to experience value growth during the forecast period, albeit more moderately compared to the previous review period. The market is anticipated to become increasingly polarised, featuring a price-sensitive consumer segment focused on value products, alongside another segment seeking premium quality ingredients, ease of use, and innovation.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Health industry in Finland with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Analgesics
- Cough, Cold and Allergy Remedies
- Digestive Remedies
- Dermatologicals
- NRT Smoking Cessation Aids
- Sleep Aids
- Eye Care
- Wound Care
- Vitamins
- Dietary Supplements
- Weight Management
- Sports Nutrition
- Herbal/Traditional Products
- Paediatric Consumer Health
If you're in the Consumer Health industry in Finland, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Consumer Health in Finland report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Consumer Health in Finland?
- Which are the leading brands in Consumer Health in Finland?
- How are products distributed in Consumer Health in Finland?
- How has the regulatory and operating environment for Consumer Health changed in Finland?
- How are considerations such as stress, self-medication and shifting consumer lifestyles shaping demand for Consumer Health
- How significant are wider health concerns and consumer awareness in determining sales?
- Where is future growth expected to be most dynamic?
Consumer Health in Finland
Consumer health in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer health?
OTC registration and classification
Vitamins and dietary supplements registration and classification
Self-medication/self-care and preventive medicine
Switches
DISCLAIMER
DEFINITIONS
Analgesics in Finland
KEY DATA FINDINGS
Value sales decline for analgesics
Topical analgesics sees growth rise, while Orion Oyi maintains overall leadership
Paediatric analgesics continues to expand from a small base
Analgesics faces disappointing forecast period
Innovation to drive unit price growth
Smaller segments set to perform well
Sleep Aids in Finland
KEY DATA FINDINGS
Sleep aids see continued growth in 2024
Competition remains intense
Melatonin-based products become more prevalent
Sales set to slow down as competition intensifies
Melatonin and combination products will gather ground
Herbal variants likely to outpace standard alternatives
Cough, Cold and Allergy (Hay Fever) Remedies in Finland
KEY DATA FINDINGS
Current value drops in 2024
Allergy care records positive growth, and Cloetta Suomi maintains leadership
Nasal sprays benefits from increased innovation
Moderate growth predicted for overall category
Combination products set to rise fastest
Rapid rises for nasal sprays and pharyngeal preparations
Dermatologicals in Finland
KEY DATA FINDINGS
Scabies and new launches support growth in 2024
Bayer and Orion maintain leadership
Hair loss treatments sees improvement while nappy/rash treatments falls
Overall category set to expand slightly in terms of value sales
Antiparasitics and medicated shampoos anticipated to do well
Nappy(diaper) rash treatments will remain in decline
Digestive Remedies in Finland
KEY DATA FINDINGS
Digestive remedies posts solid growth in 2024
Orion maintains overall category leadership
Digestive enzymes among strongest segments
Digestive remedies set to remain on positive growth trajectory
IBS treatments to rise rapidly as convenience trend accelerates
Solid growth predicted for digestive enzymes and H2 blockers
Eye Care in Finland
KEY DATA FINDINGS
Eye care sees positive growth in 2024
Bayer remains overall category leader
Allergy eye care goes from strength to strength
Continued though slowing growth forecast for eye care
Greater investment in innovation expected to cater to evolving demand
Allergy eye care still holds potential for substantial expansion, while ageing population supports sales in standard eye care
NRT Smoking Cessation Aids in Finland
KEY DATA FINDINGS
Sales slump as new regulations take effect
Highly consolidated competitive landscape
NRT sprays continues to rise in 2024, while Zonnic loses ground
Sales set to fall further during forecast period
Stricter regulations anticipated
Little room for value growth
Wound Care in Finland
KEY DATA FINDINGS
Value sales rise but growth is dampened by cost-consciousness
Orkla stays ahead, with players staying focused on innovation
Private label expands as consumers seek out value
Wound care to see strong growth
Private label sales will remain supported by consumers’ economic caution and rising trust
Value-added offerings set to become more prevalent
Sports Nutrition in Finland
KEY DATA FINDINGS
Sports nutrition forges ahead in 2024
Leader foods leads sports nutrition, followed by Celsius Finland
Sports non-protein products leads category growth, with candy format attracting attention
Sports nutrition faces bright future
Non-protein variants to see fastest growth
Sports RTD will rise strongly, while more products for those on the go will enter the overall category
Dietary Supplements in Finland
KEY DATA FINDINGS
Current value sales rise in 2024
Fragmentation persists, while consumers seek out solutions to tackle high stress and low energy
Probiotics on the rise, while brain- and memory-targeted offerings see increased innovation
Value sales set to rise for dietary supplements
Probiotics will continue to expand
Mineral supplements to benefit from iron’s popularity as convenience trend impacts format development
Vitamins in Finland
KEY DATA FINDINGS
Stagnant stales for vitamins in 2024
Orkla remains in the lead, followed by Orion, while multivitamins remains diverse
Innovation in terms of combination products and updated formats
Growth hampered by maturity
New recommendations may impact development, as other single vitamins strengthens
Fragmentation will increase and demand or value-added options will rise
Weight Management and Wellbeing in Finland
KEY DATA FINDINGS
Category decline persists in 2024
Nutricia and Nutrilett head up brands
Decline driven by waning consumer interest
Category faces continued struggle ahead
Competition from other categories will have further hamper growth
Stagnation for small segments suffering lack of development
Herbal/Traditional Products in Finland
KEY DATA FINDINGS
Natural trend supports category growth in 2024
Cloetta Suomi leads highly fragmented competitive landscape
Topical analgesics and sleep aids benefit from rising consumer interest
Herbal/traditional products to maintain positive growth
Rising sales for topical analgesics and stress relievers
Sleep aids holds potential for further expansion
Paediatric Consumer Health in Finland
KEY DATA FINDINGS
Robust growth driven by immature subcategories
GSK Consumer Healthcare maintains overall leadership in 2024
Solid growth seen in several segments
Growth will remain positive but hampered by negative birth rates
Vitamins and dietary supplements among fastest risers
While nappy (diaper) rash treatments will fall, overall category holds potential for expansion
The following categories and subcategories are included:
Consumer Health
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- Adult Mouth Care
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- Adult Acetaminophen
- Adult Aspirin
- Adult Combination Products - Analgesics
- Adult Diclofenac
- Adult Dipyrone
- Adult Ibuprofen
- Adult Ketoprofen
- Adult Naproxen
- Adult OTC Triptans
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- Paediatric Acetaminophen
- Paediatric Aspirin
- Paediatric Combination Products - Analgesics
- Paediatric Dipyrone
- Paediatric Ibuprofen
- Paediatric Naproxen
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- Acetaminophen
- Aspirin
- Combination Products - Analgesics
- Diclofenac
- Dipyrone
- Ibuprofen
- Ketoprofen
- Naproxen
- OTC Triptans
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- Topical Analgesics/Anaesthetic
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- Sleep Aids
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- Antihistamines/Allergy Remedies (Systemic)
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- Paediatric Allergy Remedies
- Paediatric Cough/Cold Remedies
- Combination Products - Cough, Cold and Allergy (Hay Fever) Remedies
- Cough Remedies
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- Nasal Sprays
- Oral Decongestants
- Inhalant Decongestants
- Decongestant Rubs
- Nasal Decongestant Drops
- Nasal Decongestant Plasters
- Medicated Confectionery
- Pharyngeal Preparations
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- Medicated Shampoos
- Topical Antifungals
- Vaginal Antifungals
- Hair Loss Treatments
- Nappy (Diaper) Rash Treatments
- Antiparasitics/Lice (Head and Body) Treatments
- Antipruritics
- Cold Sore Treatments
- Haemorrhoid Treatments
- Paediatric Dermatologicals
- Topical Allergy Remedies/Antihistamines
- Topical Germicidals/Antiseptics
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- Paediatric Diarrhoeal Remedies
- Paediatric Indigestion and Heartburn Remedies
- Paediatric Laxatives
- Paediatric Motion Sickness Remedies
- Diarrhoeal Remedies
- IBS Treatments
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- Antacids
- Antiflatulents
- Digestive Enzymes
- H2 Blockers
- Proton Pump Inhibitors
- Laxatives
- Motion Sickness Remedies
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- Emergency Contraception
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- Allergy Eye Care
- Standard Eye Care
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- NRT Gum
- NRT Inhalators
- NRT Lozenges
- NRT Patches
- Other NRT
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- First Aid Kits
- Gauze, Tape and Other Wound Care
- Sticking Plasters/Adhesive Bandages
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- Protein/Energy Bars
- Sports Protein Powder
- Sports Protein RTD
- Sports Non-Protein Products
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- Combination Dietary Supplements
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- Aloe
- Combination Herbal/Traditional Dietary Supplements
- Cranberry
- Echinacea
- Evening Primrose Oil
- Garlic
- Ginkgo Biloba
- Ginseng
- St John's Wort
- Other Herbal/Traditional Dietary Supplements
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- Co-Enzyme Q10
- Combination Non-Herbal/Traditional Dietary Supplements
- Eye Health Supplements
- Fish Oils/Omega Fatty Acids
- Glucosamine
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- Calcium Supplements
- Mineral Supplements
- Probiotic Supplements
- Protein Supplements
- Other Non-Herbal/Traditional Dietary Supplements
- Paediatric Vitamins and Dietary Supplements
- Tonics
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- Multivitamins
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- Vitamin A
- Vitamin B
- Vitamin C
- Vitamin D
- Vitamin E
- Other Single Vitamins
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- Meal Replacement
- OTC Obesity
- Slimming Teas
- Supplement Nutrition Drinks
- Weight Loss Supplements
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- Herbal/Traditional Topical Analgesics
- Herbal/Traditional Sleep Aids
- Herbal/Traditional Cough, Cold and Allergy (Hay Fever) Remedies
- Herbal/Traditional Digestive Remedies
- Herbal/Traditional Dermatologicals
- Herbal/Traditional Paediatric Dietary Supplements
- Herbal/Traditional Dietary Supplements
- Herbal/Traditional Tonics
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- Allergy Eye Care
- Antihistamines/Allergy Remedies (Systemic)
- Paediatric Allergy Remedies
- Topical Allergy Remedies/Antihistamines
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- Paediatric Acetaminophen
- Paediatric Aspirin
- Paediatric Combination Products - Analgesics
- Paediatric Dipyrone
- Paediatric Ibuprofen
- Paediatric Naproxen
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- Paediatric Allergy Remedies
- Paediatric Cough/Cold Remedies
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- Paediatric Diarrhoeal Remedies
- Paediatric Indigestion and Heartburn Remedies
- Paediatric Laxatives
- Paediatric Motion Sickness Remedies
- Paediatric Dermatologicals
- Nappy (Diaper) Rash Treatments
- Paediatric Vitamins and Dietary Supplements
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Consumer Health
It is the aggregation of OTC, Vitamins and Dietary Supplements (VDS), Sports Nutrition, and Weight Management and Wellbeing
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This report originates from Passport, our Consumer Health research and analysis database.
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