PROSPECTS AND OPPORTUNITIES
Hong Kong’s advantages in terms of promoting herbal/traditional products
Hong Kong is poised to be at the forefront of innovation within herbal/traditional products in the coming years. The city boasts a number of well-established and reputable manufacturers that serve as a strong anchor for the quality and reliability of Hong Kong's herbal/traditional offerings.
Continuation of targeted products for ageing population
As Hong Kong's population continues to age, the demand for targeted health products catering for the needs of middle-aged and older adults is expected to grow. Wai Yuen Tong Body Dampness capsules are a prime example of a product designed to meet the specific health concerns of Hong Kong's ageing population.
Younger generations may require scientific support for traditional remedies
As the pace of modern life in Hong Kong intensifies, young working adults are increasingly grappling with a range of health challenges, including insufficient sleep, high-pressure environments, and irregular eating and resting schedules. In response to these pressing concerns, young people in Hong Kong are turning their attention to preventive healthcare and traditional remedies.
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Overview:
Understand the latest market trends and future growth opportunities for the Herbal/Traditional Products industry in Hong Kong, China 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.
If you're in the Herbal/Traditional Products industry in Hong Kong, China, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Herbal/Traditional Products in Hong Kong, China 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 Herbal/Traditional Products in Hong Kong, China?
- Which are the leading brands in Herbal/Traditional Products in Hong Kong, China?
- How are products distributed in Herbal/Traditional Products in Hong Kong, China?
- How has the regulatory and operating environment for Herbal/Traditional Products changed in Hong Kong, China?
- How are considerations such as stress, self-medication and shifting consumer lifestyles shaping demand for Herbal/Traditional Products
- How significant are wider health concerns and consumer awareness in determining sales?
- Where is future growth expected to be most dynamic?
Herbal/Traditional Products in Hong Kong, China - Category analysis
KEY DATA FINDINGS
Local demand fuels sales growth of TCM options
Influenza as a catalyst to drive sales of herbal/traditional products
Lingzhi sees strong demand as competition to NMN supplements
Hong Kong’s advantages in terms of promoting herbal/traditional products
Continuation of targeted products for ageing population
Younger generations may require scientific support for traditional remedies
Consumer Health in Hong Kong, China - Industry Overview
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
The following categories and subcategories are included:
Herbal/Traditional Products
- 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
Herbal/Traditional Products
Botanicals or traditional remedies are products that have a long tradition of use, decades of established reputation, and are considered alternative remedies to standard medicine. Traditional medicine remedies such as Ayurveda, Traditional Chinese Medicine (TCM), Unani, Kampo, etc. are included. Homeopathic remedies are excluded. Only packaged products are tracked.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Herbal/Traditional Products research and analysis database.
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