Herbal/Traditional Products in Latvia
Herbal/traditional products is usually quite a seasonal product, with the best sales coming in the winter months when rates of colds and flu are high. In 2020, with almost all the focus on the COVID-19 outbreak in Latvia, consumers tended to trust more conventional medicines which were known for their effectiveness. Herbal/traditional products were not seen as strong enough to combat a powerful virus like COVID-19. Furthermore, social distancing and behavioural change such as the wearing of mask...
Euromonitor International'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 2015-2019, allowing you to identify the sectors driving growth. Forecasts to 2024 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.
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- Herbal/Traditional Products in Latvia
- Euromonitor International
- November 2020
- List OF CONTENTS AND TABLES
- KEY DATA FINDINGS
- 2020 IMPACT
- Consumers turn to more conventional remedies in the face of COVID-19, leaving herbal/traditional products with slightly lacklustre sales
- Strong representation from local companies thanks to consumer trust
- International players benefit from marketing their long-standing brands
- RECOVERY AND OPPORTUNITIES
- Latvians will become more familiar with herbal/traditional products, maintaining growth over the forecast period
- Cough, cold and allergy (hay fever) remedies will continue to lead due to high levels of consumer trust
- Growing variety of products, formats and channels will meet consumer needs
- CATEGORY DATA
- Table 1 Sales of Herbal/Traditional Products: Value 2015-2020
- Table 2 Sales of Herbal/Traditional Products: % Value Growth 2015-2020
- Table 3 NBO Company Shares of Herbal/Traditional Products: % Value 2016-2020
- Table 4 LBN Brand Shares of Herbal/Traditional Products: % Value 2017-2020
- Table 5 Forecast Sales of Herbal/Traditional Products: Value 2020-2025
- Table 6 Forecast Sales of Herbal/Traditional Products: % Value Growth 2020-2025
- EXECUTIVE SUMMARY
- COVID-19 impact on consumer health
- COVID-19 country impact
- Company response
- Retailing shift
- What next for consumer health?
- MARKET INDICATORS
- Table 7 Consumer Expenditure on Health Goods and Medical Services: Value 2015-2020
- Table 8 Life Expectancy at Birth 2015-2020
- MARKET DATA
- Table 9 Sales of Consumer Health by Category: Value 2015-2020
- Table 10 Sales of Consumer Health by Category: % Value Growth 2015-2020
- Table 11 NBO Company Shares of Consumer Health: % Value 2016-2020
- Table 12 LBN Brand Shares of Consumer Health: % Value 2017-2020
- Table 13 Penetration of Private Label by Category: % Value 2015-2020
- Table 14 Distribution of Consumer Health by Format: % Value 2015-2020
- Table 15 Distribution of Consumer Health by Format and Category: % Value 2020
- Table 16 Forecast Sales of Consumer Health by Category: Value 2020-2025
- Table 17 Forecast Sales of Consumer Health by Category: % Value Growth 2020-2025
- APPENDIX
- OTC registration and classification
- Vitamins and dietary supplements registration and classification
- Self-medication/self-care and preventive medicine
- Switches
- Summary 1 OTC: Switches 2019-2020
- GLOBAL MACROECONOMIC ENVIRONMENT
- GLOBAL INDUSTRY ENVIRONMENT
- DISCLAIMER
- DEFINITIONS
- SOURCES
- Summary 2 Research Sources
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