Consumer health in 2024: The big picture
Consumer health in Guatemala in 2024 is expected to register moderate current value growth, though constant value growth is expected to be minimal. Though inflation has eased somewhat, consumers are still highly price conscious and players continue to offer frequent discounts and promotions to support volume sales.
2024 key trends
Consumes continue to opt for multifunctional offerings, as this is seen as more economical. This is seen in vitamins, where multivitamins are much more possible.
Competitive landscape
Overall, the consumer health market is characterised by a high level of competition in Guatemala, with large international companies leading the industry. This is due to broad recognition of their global brands and considerable resources to invest in marketing and advertising.
Retailing developments
Pharmacies continue to account for most value sales of consumer health products, with small local grocer also being a significant channel, especially for analgesics. Also, as outlined above, direct selling also continues to be a major channel.
What next for consumer health?
The outlook for the economy is uncertain. As such, consumer will continue to be cautious about their spending and player will continue to push volume sales through frequent promotions and discounts.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Health industry in Guatemala 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 Guatemala, 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 Guatemala 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 Guatemala?
- Which are the leading brands in Consumer Health in Guatemala?
- How are products distributed in Consumer Health in Guatemala?
- How has the regulatory and operating environment for Consumer Health changed in Guatemala?
- 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 Guatemala
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 Guatemala
KEY DATA FINDINGS
Muted performance in 2024
Bayer continues to lead analgesics
Small local grocers remains top distribution channel
Generics poised to expand
Topical analgesics projected to see further growth
Potential for further segmentation
Cough, Cold and Allergy (Hay Fever) Remedies in Guatemala
KEY DATA FINDINGS
Cough, cold and allergy (hay fever) remedies see positive performance
Halls retains its lead
Prices drive values sales
Combination products valued by consumers
Generics projected to remain strong
Herbal/traditional cough, cold and allergy remedies to remain popular
Dermatologicals in Guatemala
KEY DATA FINDINGS
Growth in dermatologicals uneven
Medicated shampoo brand leads
Presence of contraband on the increase
Winners and losers over forecast period
Hair loss treatments see growth
Consumers to seek out more natural ingredients in dermatologicals
Digestive Remedies in Guatemala
KEY DATA FINDINGS
Digestive remedies continue to see growth
Bayer continues to lead, with its flagship Alka-Seltzer brand
Generics sees slight decline over review period
Ageing population will drive growth for digestive remedies
Sales of digestive remedies could expand in the direct selling channel
Megalabs poised to gain further value share
Wound Care in Guatemala
KEY DATA FINDINGS
Further fall in volume sales in 2024
Lack of innovation stymies growth
Beiersdorf retains large foothold
Need for innovation to jumpstart sales
Potential for natural trend to extend to wound care
Consumer interest emerging in first aid kits
Sports Nutrition in Guatemala
KEY DATA FINDINGS
Moderate current value growth, as retail prices stabilise
Omnilife continues to dominate
Sports protein powder accounts for most value sales
High prices remain prohibitive for many consumers
Fortified packaged foods pose a challenge
Increasing scrutiny of ingredients
Dietary Supplements in Guatemala
KEY DATA FINDINGS
Dietary supplements sees positive value growth
Direct sellers continue to dominate
Herbal/traditional supplements register highest value growth
Increasing segmentation over forecast period
Local players gain bigger foothold
Environmental consciousness increasingly shape purchasing decisions
Vitamins in Guatemala
KEY DATA FINDINGS
Vitamins return to growth
Direct sellers continue to have significant foothold
Multivitamins continue to outperform single vitamins
Paediatric vitamins projected to see growth
Continuing innovation in vitamins
Further segmentation in multivitamins
Weight Management and Wellbeing in Guatemala
KEY DATA FINDINGS
Mixed performance in weight management and wellbeing
Megalabs completes acquisition of Enterex brand
Direct sellers continue to lead
Potential gains for slimming teas over the forecast period
Supplement nutrition drinks poised to expand
Meal replacement looks to broader trends
Herbal/Traditional Products in Guatemala
KEY DATA FINDINGS
Consumer demand for herbal/traditional products remains strong
Natural positioning benefits herbal/traditional products
Competitive landscape continues to be fragmented
Positive outlook over forecast period
Treatments for coughs and colds accounts for most value sales
Sleep aids perform strongly
Paediatric Consumer Health in Guatemala
KEY DATA FINDINGS
Paediatric consumer health sees modest growth
Ibuprofen most common analgesic for children
Continuing demand for paediatric vitamins and dietary supplements
Focus on natural as much as possible
Climate change drives growth of certain OTC medications
Players focus on child-friendly design
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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