Consumer health in 2024: The big picture
Taiwan's consumer health market in 2024 is poised to experience continued growth in current value terms in 2024, driven by several key factors. One of the primary contributors is the ageing population, which is especially prone to chronic conditions such as arthritis, allergies, and digestive issues.
2024 key trends
The trend of immunity enhancement has gained significant traction in Taiwan, particularly in the wake of ongoing waves of colds and flu and lingering post COVID-19 symptoms..
Competitive landscape
The competitive landscape for consumer health in Taiwan is dynamic, with established players being required to adapt to evolving consumer preferences and embrace trends such as natural ingredients and preventive healthcare to maintain their edge. Leading brands like Panadol dominate the analgesics sector, often relying on robust marketing strategies.
Retailing developments
Traditional brick-and-mortar pharmacies continue to dominate the consumer health market in Taiwan, offering convenience and the expertise of pharmacists for consultations. However, online retail is experiencing significant growth, driven by ease of access and a potentially wider product selection, appealing particularly to younger consumers comfortable with online shopping.
What next for consumer health?
The consumer health market in Taiwan is poised for steady growth in constant value terms (2024 prices) over the forecast period. Taiwanese consumers are increasingly aware of the importance of preventive healthcare, supported by ongoing investments from market players and media campaigns that emphasise the value of complete nutrition.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Health industry in Taiwan 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 Taiwan, 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 Taiwan 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 Taiwan?
- Which are the leading brands in Consumer Health in Taiwan?
- How are products distributed in Consumer Health in Taiwan?
- How has the regulatory and operating environment for Consumer Health changed in Taiwan?
- 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 Taiwan
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 Taiwan
KEY DATA FINDINGS
Demand for topical analgesics continues to rise
Growing preference for natural ingredients
Panadol leads adult acetaminophen, thanks to strong brand recognition and effective consumer engagement
Flat demand despite ageing population
Salonpas could inspire more brands to engage in interactive brand marketing
Strict government regulations will limit e-commerce sales
Sleep Aids in Taiwan
KEY DATA FINDINGS
Insomnia is growing concern in Taiwan
Sentosa’s Sleeping Beauty Plus remains the top brand as competition intensifies
Pharmacies dominate distribution
Demand for sleep aids will continue to increase, in line with ageing population
Growing competition from traditional remedies and prescription medications could impact Taiwan's sleep aids market
More manufacturers expected to develop partnerships with tech firms
Cough, Cold and Allergy (Hay Fever) Remedies in Taiwan
KEY DATA FINDINGS
High incidence of seasonal flu and asthma drives sales of cough, cold, and allergy remedies
Rising prevalence of allergic rhinitis in Taiwan fuels demand for OTC medications
Rise in allergy rates in Taiwanese children
Steady growth expected
Haleon and other industry players launch collaborative self-care initiative
Synmosa grows in prominence
Dermatologicals in Taiwan
KEY DATA FINDINGS
High incidence of skin diseases in Taiwan helps to sustain growth
Rising prevalence of atopic dermatitis in Taiwan
Rising demand for medicated shampoos
Growing emphasis on self-care will boost demand for dermatologicals
Topical antifungals will continue to dominate sales
Medicated shampoos will gain popularity, supported by active marketing campaigns
Digestive Remedies in Taiwan
KEY DATA FINDINGS
Digestive issues remain widespread in Taiwan
Digestive enzymes represent a promising growth area
Herbal/ traditional digestive remedies remain popular
Rise of preventive health measures could be major growth moderator
Hectic lifestyles will contribute to high incidence of digestive issues
Ageing population is poised to drive demand and spark further innovation, while products for children also offer market opportunities
Eye Care in Taiwan
KEY DATA FINDINGS
Excessive screen time remains a major demand driver
Growing demand for multifunctional and preservative-free eye drops
Japanese brand Rohto maintains its lead
Increasing adoption of preventive eye health measures likely to depress sales
Ageing population and increasing screen use will continue to drive demand
Growing demand for more natural and specialised eye care solutions
NRT Smoking Cessation Aids in Taiwan
KEY DATA FINDINGS
Shrinking demand aligns with low smoking prevalence in Taiwan
NRT gum and patches remain the most popular solutions
GSK Consumer Healthcare and Johnson& Johnson will continues to dominate the competitive landscape
Rise in smoking prevalence amongst young women could impact demand for smoking cessation aids
Shift towards seeking medical assistance could present challenge for NRT smoking cessation aids in Taiwan
Competitive landscape will remain consolidated
Wound Care in Taiwan
KEY DATA FINDINGS
Wound care sees a slow growth trajectory
Increased focus on self-care drives demand
3M continues to lead wound care in Taiwan
Sluggish performance for wound care
Greater focus on sustainability
Product innovation likely to cater to needs of ageing population
Sports Nutrition in Taiwan
KEY DATA FINDINGS
Positive growth for sports nutrition, supported by growing health awareness and increasing interest in exercise
Gym attendance continues to recover post-pandemic
Mars Inc maintains overall lead in intensely competitive landscape
Continued expansion for sports nutrition, in line with rising gym attendance
Protein products will diversify to meet the needs of different consumer segments
Nutrition vending machines could help brands increase penetration
Dietary Supplements in Taiwan
KEY DATA FINDINGS
Rise of internet economy generates more emerging brands and competition
Prevention of the “three highs” remains key contributor to rising demand
Rise of e-commerce and digital market leads to greater competition from emerging brands
Joint care will emerge as a key focus, supported by ageing population
Formats will become more diverse to fulfil consumer needs for convenience
Amendments to Food Safety and Sanitation Act should help to regulate marketing activities
Vitamins in Taiwan
KEY DATA FINDINGS
High dose vitamins become popular among office workers
Multivitamins drive growth, while high doses become increasingly popular
GSK leads mature and fragmented market
Evolving segmentation beyond age and gender
Inflation could become the opportunity when the price of food and vegetables keep high for household
Vitamins with herbal ingredients are likely to gain traction
Weight Management and Wellbeing in Taiwan
KEY DATA FINDINGS
Obesity and weight loss trends in Taiwan
Supplement nutrition drinks continue to gain traction
TCI Gene launches new slimming formula
Government’s new public nutrition policy could fuel future growth
Growing demand for innovative ingredients
Herbalife will continue to drive growth through personalised approach to weight management
Herbal/Traditional Products in Taiwan
KEY DATA FINDINGS
Positive growth in 2024, supported by consumer preference for natural ingredients
Whole food vitamins and phytochemicals begin to gain traction
Herbal/traditional tonics remains the most dynamic segment
Tonics have potential to expand their consumer base through packaging and product innovation
Women will represent an important target market
Herbal and natural ingredients lend themselves to content marketing
Paediatric Consumer Health in Taiwan
KEY DATA FINDINGS
Paediatric consumer health still something of a niche area in Taiwan
Stable demand for immunity-boosting products post COVID-19
Growing preference for more natural, herbal remedies amongst Taiwanese parents
Market will face challenges in form of declining birth rate, focus on healthy diets and high cost of new product development
Growing concerns about children’s bone and eye health in increasingly digital age
Demand will benefit from resumption of international travel
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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