Consumer health in 2024: The big picture
Consumer Health in Peru is set to record positive but low-level value growth in 2024, impacted by the complex economic environment and consumer healthcare trends. For OTC products, growth is marginal.
2024 key trends
The growth of prescription products in 2024 is challenging sales of retail goods. This growth is not only due to the standardisation of consultation care in clinics and hospitals but is also due to consumers looking for stronger remedies to deal with the pain.
Competitive landscape
Local companies and generics have performed well in 2024, offering affordable solutions to consumers. Large companies such as Haleon, Abbott, Procter and Gamble, Teva and Sanofi have remained stable.
Retailing developments
According to La Dirección General de Medicamentos, Insumos y Drogas (Peru) (DIGEMID) (The General Directorate of Medicines, Supplies and Drugs), as of June 2023, there over 28,000 pharmacies authorised to sell medicines in Peru. Pharmacies continue to be the main channel in consumer health, being the first location Peruvians go to buy OTC products, as well as vitamins and dietary supplements.
What next for consumer health?
The uncertain economic context will be a challenge for OTC sales in the early forecast period, with companies seeking stability in their sales to guarantee profitability in their operations. The opposite is expected in vitamins and dietary supplements, where more local and foreign competitors are set to enter the landscape, aligning with rising consumer health and wellness trends.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Health industry in Peru 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 Peru, 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 Peru 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 Peru?
- Which are the leading brands in Consumer Health in Peru?
- How are products distributed in Consumer Health in Peru?
- How has the regulatory and operating environment for Consumer Health changed in Peru?
- 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 Peru
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 Peru
KEY DATA FINDINGS
Consumers migrate to generics to save costs, impacting retail value sales
Strong growth for topical analgesics as sports and exercise regimes increase
Aspirin loses retail sales as consumers access the product through insurance
Updated laws creates a favourable outlook for generics across the forecast period
Self-medication rises as consumers increasingly avoid hospitals and clinics
Consumers look for stronger formulas for pain, including Rx solutions
Sleep Aids in Peru
KEY DATA FINDINGS
Sleep aids record double-digit retail value growth as consumer awareness rises
Magnesium emerges as an alternative solution for relaxation
Leading brand More+ is acquired by CBC, opening new lines of business
Mental health and wellbeing continue to become significant factors for consumers
Innovations in formats will drive interest and sales on the landscape
Herbal products set to gain relevance, perceived to be less invasive and natural
Cough, Cold and Allergy (Hay Fever) Remedies in Peru
KEY DATA FINDINGS
Warmer temperatures negatively impact sales of cough and cold remedies
Prescription products gain ground as consumers choose stronger Rx solutions
Local products have a strong outlook as consumers appreciate affordable goods
Economic context favours the growth of natural products without active components
Greater consumer education to drive growth across the forecast period
Dermatologicals in Peru
KEY DATA FINDINGS
High temperatures and sporting activities benefit sales in dermatologicals
Nappy (diaper) rash treatments benefit from multi-purpose properties
Hair loss treatments continue to grow as availability increases across Peru
Ovules could boost the performance of vaginal antifungals solutions
Cream formats have the potential to showcase growth in traditional channels
The growth of dermocosmetics is a rising challenge to forecast sales
Digestive Remedies in Peru
KEY DATA FINDINGS
High temperatures increase cases of diarrhoea and dehydration in 2024
Paediatric diarrhoea remedies leaving shelves as the economy struggles
Vitamins and dietary supplements gain prominence over smaller categories
Strong potential to promote rehydration drinks over the forecast period
Fast-action claims create a strong opportunity for digestive remedies
Healthy eating habits are an ongoing challenge for forecast sales
Eye Care in Peru
KEY DATA FINDINGS
Greater consumer awareness and product availability drives growth for eye care
Lansier Laboratories launches Floril Smart Gamer, the first drops targeting gamers
Allergy eye care loses relevance as many opt for consumer health products
Players to improve brand awareness as consumer interest rises
Pharmacies will continue to lead sales while new sales channels can be explored
Vitamins and dietary supplements for the eyes will become more important
NRT Smoking Cessation Aids in Peru
NRT smoking cessation aids is not a notable category in Peru
Young Peruvians increase their consumption of e-cigarette vaporisers
Percentage of smokers expected to decrease year by year
Public and private stakeholders reinforce their anti-tobacco campaigns
Wound Care in Peru
KEY DATA FINDINGS
Growth benefits from heightened activities outside of the household
Competitors install price increases to boost margins and growth in 2024
Specialised products become relevant as players extend their portfolios
Licensing will continue to help players stand out on the landscape
Competitors focus on extending their availability beyond pharmacies
Low brand awareness slows growth in gauze, tape and other wound care
Sports Nutrition in Peru
KEY DATA FINDINGS
Positive growth due to greater interest towards an active lifestyle
Creatine is a trending product as consumers look to enhance strength
E-commerce is positioned as one of the leading sales channels
Illicit trade is a rising threat to sports nutrition across the forecast period
Focusing on individual consumer needs is key to a successful sale
Players will prioritise distribution and core products over innovations
Dietary Supplements in Peru
KEY DATA FINDINGS
Rising use of probiotics boosts retail value growth for dietary supplements
Magnesium gains relevance due to its multipurpose properties
Players focus on promoting and extending their dietary supplement portfolios
Rising interest in herbal products that support mental health and wellbeing
Educating the consumer and investment in niche categories will drive growth
Search for wellness boosts growth for dietary supplements across the forecast period
Vitamins in Peru
KEY DATA FINDINGS
Ongoing growth as sales of vitamins continue to exceed pre-pandemic levels
Omnilife Perú SAC leads, while Farmacias Peruanas supports ongoing growth
Specialist products designed for women is a growing segment in vitamins
Educating consumers and offering innovative formats can drive growth
Beverage competitors become a rising threat to vitamin players
Intravenous doses of vitamins become a growing trend in Peru
Weight Management and Wellbeing in Peru
KEY DATA FINDINGS
Sales of supplement nutrition drinks struggle following the outbreak of COVID-19
Weight loss supplements see declining interest as consumer habits change
Diabetes and obesity are serious problems for consumers health and wellbeing
Multilevel companies move away from promoting weight management goods
Consumers increasingly seek Rx options for weight loss solutions
Weight management and wellbeing products are highly dependent on promotions and offers
Herbal/Traditional Products in Peru
KEY DATA FINDINGS
Affordability and rising awareness drives sales of herbal/traditional products
Traditional/herbal cough, cold and digestive remedies perform well
Vegan claims lose relevance on the herbal and traditional landscape
Natural products for sleep and relaxation gain momentum across the forecast
Improvements in eating habits impact the potential of herbal/traditional supplements
Opportunity for the sale of niche products that promote general wellbeing
Paediatric Consumer Health in Peru
KEY DATA FINDINGS
Retail sales are limited by Rx options and acquisition through medical coverage
Nappy (diaper) rash treatments is growing at a rapid pace in Peru
Paediatric diarrhoea remedies face challenges from the growing use of Rx options
Innovation in formats will continue, attracting attention and boosting growth
Paediatric probiotics set to record growth across the forecast period
Doctors' recommendations will continue to be key for children's medicines
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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