Retail volume and value (constant 2023 prices) growth is projected across categories of herbal/traditional products over the forecast period. The naturalness embodied by such products meets the prevailing expectations of consumers for efficacy and mildness or harmlessness.
Homoeopathic remedies are becoming very popular in Slovakia, and this trend is expected to continue over the forecast period. The demand for homoeopathic remedies is likely to limit, to some extent, the performance of herbal/traditional products in the country, including topical analgesics, allergy (hay fever) remedies and sleep aids.
Slovak consumers are expected to continue to lead hectic and stressful lifestyles in the forecast period as work, home and economic concerns continue to beset many households. Similarly, exposure to digital screens for work, social and entertainment purposes is set to increase in frequency and often intensity.
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Understand the latest market trends and future growth opportunities for the Herbal/Traditional Products industry in Slovakia 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 Slovakia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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 DefinitionsThis report originates from Passport, our Herbal/Traditional Products research and analysis database.
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