PROSPECTS AND OPPORTUNITIES
Growing demand for natural ingredients to support category over forecast period
The demand for herbal/traditional products in Saudi Arabia is expected to further rise over the forecast period, with particularly strong retail volume growth predicted for herbal/traditional dietary supplements, herbal/traditional tonics and herbal/traditional digestive remedies.
Research to support further growth of herbal/traditional products
Expanding scientific research and studies highlighting the potential benefits of herbal/traditional products for various illnesses is expected to further support the category. This could lead to greater acknowledgment from the SFDA and health insurance companies’ coverage, especially since the price of herbal/traditional products are often not regulated by the SFDA.
Potential for expansion of private label lines by leading pharmacies
Competition within herbal/traditional products is likely to intensify over the forecast period due to the emergence of new players and the expansion of private label options from key pharmacies such as Nahdi and Al Dawaa, as well as health and personal care stores.
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Overview:
Understand the latest market trends and future growth opportunities for the Herbal/Traditional Products industry in Saudi Arabia 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 Saudi Arabia, 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 Saudi Arabia 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 Saudi Arabia?
- Which are the leading brands in Herbal/Traditional Products in Saudi Arabia?
- How are products distributed in Herbal/Traditional Products in Saudi Arabia?
- How has the regulatory and operating environment for Herbal/Traditional Products changed in Saudi Arabia?
- 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 Saudi Arabia - Category analysis
KEY DATA FINDINGS
The reach of herbal/traditional products remains significant in Saudi Arabia
Herbal/traditional treatments remain relevant for common ailments
Saudi Pharmaceutical Industries & Medical Appliances Corp leads fragmented landscape
E-commerce continues to gain ground as distribution channel
Growing demand for natural ingredients to support category over forecast period
Research to support further growth of herbal/traditional products
Potential for expansion of private label lines by leading pharmacies
Consumer Health in Saudi Arabia - 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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