PROSPECTS AND OPPORTUNITIES
Tough competition will limit growth and place onus on innovation
Despite efforts to compete, weight management and wellbeing is expected to lose further ground to sports nutrition in the upcoming period. Sports nutrition products are becoming more widely accepted by consumers, with a growing preference for non-protein sports products.
Scope to expand online and direct sales and offer weight management bundles
There is potential to improve sales by overcoming the distribution challenges facing e-commerce retailers and direct selling companies. Online platforms, especially those embracing personalised marketing strategies, can support consumers who find it difficult to access traditional retailers.
Leveraging natural ingredients provides growth opportunities
Natural and herbal-based products have strong growth potential in weight management and wellbeing products. As Latvian consumers become more health-conscious and wary of synthetic products, they are increasingly drawn to solutions that are both safe and effective.
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Overview:
Understand the latest market trends and future growth opportunities for the Weight Management and Wellbeing industry in Latvia 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 Weight Management and Wellbeing industry in Latvia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Weight Management and Wellbeing in Latvia 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 Weight Management and Wellbeing in Latvia?
- Which are the leading brands in Weight Management and Wellbeing in Latvia?
- How are products distributed in Weight Management and Wellbeing in Latvia?
- How has the regulatory and operating environment for Weight Management and Wellbeing changed in Latvia?
- How are considerations such as stress, self-medication and shifting consumer lifestyles shaping demand for Weight Management and Wellbeing
- How significant are wider health concerns and consumer awareness in determining sales?
- Where is future growth expected to be most dynamic?
Weight Management and Wellbeing in Latvia - Category analysis
KEY DATA FINDINGS
Increased competition from sports nutrition compromises growth
Slimming teas remain popular for weight control
Distribution limitations hold back category performance
Tough competition will limit growth and place onus on innovation
Scope to expand online and direct sales and offer weight management bundles
Leveraging natural ingredients provides growth opportunities
Consumer Health in Latvia - 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:
Weight Management and Wellbeing
- Meal Replacement
- OTC Obesity
- Slimming Teas
- Supplement Nutrition Drinks
- Weight Loss Supplements
Weight Management and Wellbeing
Weight management and well being is the aggregation of meal replacement, weight loss supplements, OTC obesity, and slimming teas. Exclude meal plans such as Weight Watchers, Jenny Craig, Nutrisystem, or Slimming World among others similar options.
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 Weight Management and Wellbeing research and analysis database.
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