PROSPECTS AND OPPORTUNITIES
Price increases may dampen future growth
Despite an increasing interest in herbal/traditional products in Israel across the OTC consumer health spectrum, price increases on the back of expected rises in VAT in early 2025 and increasing consumer price sensitivity may dampen growth. People are expected to feel the squeeze on their purses, particularly in the early part of the forecast period, which will lead to a rationalising of spending and a focus on products that are deemed to be essential.
Popular herbal/traditional products expected to do well over the forecast period
Popular herbal/traditional product groups such as sleep aids, dermatologicals and paediatric dietary supplements are expected to perform well over the forecast period, fuelled in part by the increasing incidence of issues with sleep and anxiety related skin complaints, such as eczema, due to the stress caused by the Israel-Hamas war. In addition, the increasing interest in finding products based on natural ingredients for children will continue to boost sales of paediatric dietary supplements as parents seek to give healthier products to their children.
Retail e-commerce to see good sales over the forecast period
Retail e-commerce for herbal/traditional products is likely to see good growth over the forecast period as people are buying more online as it is considered convenient and there is now a wide range of internet retailers to choose from. In addition, a fear of going out too much for some consumers in the north and south of the country due to the Israel-Hamas war has also boosted online sales in 2024.
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Overview:
Understand the latest market trends and future growth opportunities for the Herbal/Traditional Products industry in Israel 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 Israel, 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 Israel 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 Israel?
- Which are the leading brands in Herbal/Traditional Products in Israel?
- How are products distributed in Herbal/Traditional Products in Israel?
- How has the regulatory and operating environment for Herbal/Traditional Products changed in Israel?
- 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 Israel - Category analysis
KEY DATA FINDINGS
Large demand for herbal/traditional products over 2024
Sleep aids performing well due to stress caused by Israel-Hamas war
Herbal/traditional paediatric dietary supplements continue to see good growth in 2024
Price increases may dampen future growth
Popular herbal/traditional products expected to do well over the forecast period
Retail e-commerce to see good sales over the forecast period
Consumer Health in Israel - 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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