PROSPECTS AND OPPORTUNITIES
Natural products benefit from the rising interest in no artificial ingredients
As consumer awareness of wellbeing has been accelerated by COVID-19, consumers have become more aware of ingredients that benefit their health. Consequently, it is expected that natural and herbal/traditional products and ingredients will continue to see strong demand.
The older population continues to adopt herbal/traditional products
Health awareness is growing amongst consumers aged 65 and over, who will continue to turn to herbal/traditional dietary supplements in an attempt to bolster their general health. For example, one of the most highly recognised and consumed dietary supplements, fish oils/omega fatty acids, is positioned as offering support for heart and eye health, as well as an aid in reducing liver fat and alleviating the symptoms of depression.
Sustainability will become a major driver of sales and innovation
Consumers are increasingly concerned about climate change and, as a result, will look for more sustainable products, including locally produced goods. If players focus on messaging that can more successfully leverage the green trend to reach a wider consumer group, then herbal/traditional products will be able to expand its consumer base.
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Overview:
Understand the latest market trends and future growth opportunities for the Herbal/Traditional Products industry in Uruguay 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 Uruguay, 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 Uruguay 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 Uruguay?
- Which are the leading brands in Herbal/Traditional Products in Uruguay?
- How are products distributed in Herbal/Traditional Products in Uruguay?
- How has the regulatory and operating environment for Herbal/Traditional Products changed in Uruguay?
- 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 Uruguay - Category analysis
KEY DATA FINDINGS
Sales of herbal/traditional products grow further, although the landscape remains niche
Sports nutrition herbal/traditional products give extra strength to the landscape
Megalabs SA comfortably leads the landscape in 2024
Natural products benefit from the rising interest in no artificial ingredients
The older population continues to adopt herbal/traditional products
Sustainability will become a major driver of sales and innovation
Consumer Health in Uruguay - 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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