Consumer health in 2024: The big picture
Consumer health in Greece continues to see healthy retail current value growth in 2024. While retail volume sales are under pressure, inflationary pressure remains high on prices.
2024 key trends
The surge in illness as COVID-19-related measures lifted and consumers resumed pre-pandemic lifestyles, gave a boost to analgesics and cough, cold and allergy (hay fever) remedies in 2023. However, in Q1 2024, these categories were negatively affected by the weather, especially a very mild winter in 2023-2024.
Competitive landscape
Generics hold a very small weight in consumer health in Greece, with branded products dominating the competitive landscape. While domestic pharmaceutical companies are very strong in terms of generic pharmaceutical products, these are mostly available within categories that do not have OTC status.
Retailing developments
Pharmacies remains the primary channel for OTC products at the end of the review period. Greece boasts one of the highest per capita pharmacy densities in Europe, with 10-11,000 outlets operating throughout the country in 2024.
What next for consumer health?
Retail value (constant 2024 prices) sales are projected to increase in most categories of consumer health over the forecast period. This performance is underpinned by price increases, partly in the context of OTC price liberation.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Health industry in Greece 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 Greece, 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 Greece 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 Greece?
- Which are the leading brands in Consumer Health in Greece?
- How are products distributed in Consumer Health in Greece?
- How has the regulatory and operating environment for Consumer Health changed in Greece?
- 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 Greece
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 Greece
KEY DATA FINDINGS
Price hikes continue in 2024
Mild winter hinders demand
Algofren and Nurofen compete fiercely in ibuprofen
Topical analgesics continue to attract investment
Low availability of and exposure to generics favours brands
Competition with Rx products is set to remain strong
Sleep Aids in Greece
KEY DATA FINDINGS
Demand rises as more consumers feel the need for sleep aids
Strong investment contributes to higher awareness and growth
External competition affects sleep aids’ performance
Competition with alternatives to lead to a slowdown in sleep aids’ growth
Companies to invest further yet new product development is set to slow down
Top brands to retain support and strength in a fragmented category
Cough, Cold and Allergy (Hay Fever) Remedies in Greece
KEY DATA FINDINGS
Mild winter influences category performance
The product variety is rising amidst strong investments
Price increases remain high in 2024
Weather to inform category performance
Levels of self-medication to remain high, but increase in flu vaccinations to hinder growth potential
Nasal sprays to continue to dominate decongestants
Dermatologicals in Greece
KEY DATA FINDINGS
Price increases underpin retail value growth
Unfavourable circumstances for retail volume growth
Competition with herbal/traditional dermatologicals affects standard products’ performance
Changes in marketing are set to gather pace as self-medication rises
Climate and demographics to continue to shape trends
E-commerce to continue to gain retail value share
Digestive Remedies in Greece
KEY DATA FINDINGS
Key withdrawal leads to changes in the competitive landscape of antacids
Higher use of probiotics and return to travel norms inform demand trends
Price hikes lead to strong retail value growth
Rise in anxiety and stress levels create growth potential
Changes in diet and nutrition habits to hamper need for digestive remedies
Delivery formats to drive development
Eye Care in Greece
KEY DATA FINDINGS
Premium products spur retail value growth
Demographic and digital trends foster retail volume growth
Marketing shifts towards consumer-orientated activities
Players to target consumers directly as the category retains room for growth
Premiumisation to help drive retail value growth
Saharan dust to remain a key growth driver
NRT Smoking Cessation Aids in Greece
KEY DATA FINDINGS
High retail price is an obstacle to retail volume growth
Nicorette remains the sole brand
Competition with new generation tobacco products remains high
Pricing to continue to hinder demand
No significant new competitor is expected to emerge
Smoking prevalence is decreasing
Wound Care in Greece
KEY DATA FINDINGS
Economic pressures militate against unnecessary spending on wound care
Expanded range and competitive pricing help Pharmadoct grow retail value share
Lifestyle changes create retail volume growth opportunities
First aid kits offers a bright spot
Retail value growth to be hampered by price-sensitive consumption
Companies may shift focus to more specialised products
Sports Nutrition in Greece
KEY DATA FINDINGS
Rising population of health- and fitness-conscious consumers drives growth
Sports protein products gain traction as weight management options
Female audience stimulates demand
Sports non-protein products to grow variety and gain exposure
Nutrition trends to remain favourable to sports protein products
E-commerce to shape distribution
Dietary Supplements in Greece
KEY DATA FINDINGS
Price increases drive retail value growth amid uneven retail volume development
Probiotic supplements enjoy momentum
Magnesium drives the growth in minerals
Demographics and positioning to shape trends within dietary supplements
Probiotic, other herbal/traditional and magnesium offerings to remain key growth drivers
Pharmacies to retain leadership while parapharmacies are set to gain momentum
Vitamins in Greece
KEY DATA FINDINGS
Most categories post positive retail current value growth due to price increases
Changing consumer preferences within vitamins
Formats under the spotlight of new product developments
Vitamins B and D to continue to drive growth over the forecast period
Vitamins A and E to decline amid strong competition
E-commerce and parapharmacies are well placed to gain momentum
Weight Management and Wellbeing in Greece
KEY DATA FINDINGS
Price rises hamper retail volume sales
Competition with sports nutrition hinders meal replacement
Healthier lifestyle develops as a route to weight loss
Limited opportunities for recovery
Companies reposition products to regain consumer interest
Diet trends and developments in food are unfavourable to meal replacement
Herbal/Traditional Products in Greece
KEY DATA FINDINGS
Herbal/traditional digestive remedies under the spotlight of new product development
Herbal/traditional products see further strong investment
Increase in product variety piques consumer interest
Key trends favour herbal/traditional products
Product variety and availability to increase further
Pricing may be an obstacle to performance
Paediatric Consumer Health in Greece
KEY DATA FINDINGS
Mild winter in 2023-2024 undermines the demand for paediatric cough/cold remedies and analgesics
Health professionals steer parents away from paediatric laxatives
Limited availability of OTC products affects performance
Paediatric consumer health to see shift to herbal/traditional products
Legal restrictions and consumer preferences to limit e-commerce’s prospects
Falling birth rates to hamper retail volume growth
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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