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Herbal/Traditional Products in Latvia

  • ID: 1572876
  • Report
  • September 2019
  • Region: Latvia
  • 19 pages
  • Euromonitor International
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Consumers in Latvia are familiar with using herbal/traditional remedies for the treatment and prevention of health problems, and they are a strong part of Latvia’s heritage. Knowledge about herbal/traditional remedies and plants with medicinal properties is passed down from one generation to the next. However, due to busier lifestyles, gathering and preparing herbal/traditional remedies at home is no longer part of most Latvians’ lives, which favours the use of herbal/traditional products.

The author's Herbal/Traditional Products in Latvia report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2014-2018, allowing you to identify the sectors driving growth. Forecasts to 2023 illustrate how the market is set to change.

Product coverage: Herbal/Traditional Cough, Cold and Allergy (Hay Fever) Remedies, Herbal/Traditional Dermatologicals, Herbal/Traditional Dietary Supplements, Herbal/Traditional Digestive Remedies, Herbal/Traditional Paediatric Dietary Supplements, Herbal/Traditional Sleep Aids, Herbal/Traditional Tonics, Herbal/Traditional Topical Analgesics.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
  • Get a detailed picture of the Herbal/Traditional Products market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.
Note: Product cover images may vary from those shown
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Herbal/traditional Products in Latvia

List of Contents and Tables
Headlines
Prospects
Latvians Are Familiar With Herbal/traditional Products, Maintaining Growth
Cough, Cold and Allergy (hay Fever) Remedies Leads Due To Trust in Such Products
Growing Variety of Products, Formats and Channels To Meet Consumers' Needs
Competitive Landscape
Strong Representation From Local Companies Thanks To Consumer Trust
International Players Benefit From Marketing Their Long-standing Brands
New Product Launches To Meet Consumer Demands
Category Data
Table 1 Sales of Herbal/Traditional Products: Value 2014-2019
Table 2 Sales of Herbal/Traditional Products: % Value Growth 2014-2019
Table 3 NBO Company Shares of Herbal/Traditional Products: % Value 2015-2019
Table 4 LBN Brand Shares of Herbal/Traditional Products: % Value 2016-2019
Table 5 Forecast Sales of Herbal/Traditional Products: Value 2019-2024
Table 6 Forecast Sales of Herbal/Traditional Products: % Value Growth 2019-2024
Executive Summary
Positive Performance, But Slower Increase Due To Population Decline
Self-medication Remains A Strong Growth Driver
Brand Loyalty Maintains the Lead of Well-known Established Brands
Pharmacy Chains Dictate Distribution and Product Choice
Growth Despite Population Decline, With Opportunities in Niche Segments
Market Indicators
Table 7 Consumer Expenditure on Health Goods and Medical Services: Value 2014-2019
Table 8 Life Expectancy at Birth 2014-2019
Market Data
Table 9 Sales of Consumer Health by Category: Value 2014-2019
Table 10 Sales of Consumer Health by Category: % Value Growth 2014-2019
Table 11 NBO Company Shares of Consumer Health: % Value 2015-2019
Table 12 LBN Brand Shares of Consumer Health: % Value 2016-2019
Table 13 Penetration of Private Label by Category: % Value 2014-2019
Table 14 Distribution of Consumer Health by Format: % Value 2014-2019
Table 15 Distribution of Consumer Health by Format and Category: % Value 2019
Table 16 Forecast Sales of Consumer Health by Category: Value 2019-2024
Table 17 Forecast Sales of Consumer Health by Category: % Value Growth 2019-2024
Appendix
OTC Registration and Classification
Vitamins and Dietary Supplements Registration and Classification
Self-medication/self-care and Preventive Medicine
Switches
Definitions
Sources
Summary 1 Research Sources
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