
Herbal/Traditional Products in Nigeria
Description
Herbal/Traditional Products in Nigeria
Herbal/traditional products maintain a significant role in Nigeria, with many traditional remedies passed down through generations. These alternatives are widely embraced by consumers, not only for their perceived safety but also for their cost-effectiveness compared to conventional medicines. Despite a shift towards increasingly busy, modern lifestyles, some consumers maintain a preference for herbal and traditional options, where they are favoured for various ailments, such as fevers and diges...
Euromonitor International's Herbal/Traditional Products in Nigeria report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2019-2023, allowing you to identify the sectors driving growth. Forecasts to 2028 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.
Table of Contents
25 Pages
- Herbal/Traditional Products in Nigeria
- Euromonitor International
- October 2024
- List Of Contents And Tables
- HERBAL/TRADITIONAL PRODUCTS IN NIGERIA
- KEY DATA FINDINGS
- 2024 DEVELOPMENTS
- Inflationary conditions have negative impact on performance
- Herbal/traditional topical analgesics benefit from being relatively affordable
- Launch of innovative Salonpas Pain Relief Patch generate additional consumer interest
- PROSPECTS AND OPPORTUNITIES
- Economic recovery and improved consumer spending power will boost demand
- Herbal/traditional cough cold and allergy remedies will lead growth
- Direct sellers poised to rebound as economic conditions improve
- CATEGORY DATA
- Table 1 Sales of Herbal/Traditional Products by Category: Value 2019-2024
- Table 2 Sales of Herbal/Traditional Products by Category: % Value Growth 2019-2024
- Table 3 NBO Company Shares of Herbal/Traditional Products: % Value 2020-2024
- Table 4 LBN Brand Shares of Herbal/Traditional Products: % Value 2021-2024
- Table 5 Forecast Sales of Herbal/Traditional Products by Category: Value 2024-2029
- Table 6 Forecast Sales of Herbal/Traditional Products by Category: % Value Growth 2024-2029
- CONSUMER HEALTH IN NIGERIA
- EXECUTIVE SUMMARY
- Consumer health in 2024: The big picture
- 2024 key trends
- Competitive landscape
- Retailing developments
- What next for consumer health?
- MARKET INDICATORS
- Table 7 Consumer Expenditure on Health Goods and Medical Services: Value 2019-2024
- Table 8 Life Expectancy at Birth 2019-2024
- MARKET DATA
- Table 9 Sales of Consumer Health by Category: Value 2019-2024
- Table 10 Sales of Consumer Health by Category: % Value Growth 2019-2024
- Table 11 NBO Company Shares of Consumer Health: % Value 2020-2024
- Table 12 LBN Brand Shares of Consumer Health: % Value 2021-2024
- Table 13 Penetration of Private Label in Consumer Health by Category: % Value 2019-2024
- Table 14 Distribution of Consumer Health by Format: % Value 2019-2024
- Table 15 Distribution of Consumer Health by Format and Category: % Value 2024
- Table 16 Forecast Sales of Consumer Health by Category: Value 2024-2029
- Table 17 Forecast Sales of Consumer Health by Category: % Value Growth 2024-2029
- APPENDIX
- OTC registration and classification
- Vitamins and dietary supplements registration and classification
- Self-medication/self-care and preventive medicine
- Switches
- DISCLAIMER
- DEFINITIONS
- SOURCES
- Summary 1 Research Sources
Pricing
Currency Rates
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