Inflation and the rising cost of ingredients pushed up the average unit price of sleep aids in Spain towards the end of the review period, while supply chain disruptions suffered in 2022 and 2023 hindered some players from fulfilling demand. In addition, weak economic growth and overall uncertainty could further hinder consumers’ disposable incomes, and some may choose to save money by opting for cheaper ranges or RX reimbursed products rather than OTC variants of sleep aids.
The fact that the Spanish population continues to age is set to support a number of consumer health categories over the forecast period, including sleep aids. According to Sociedad Española de Neurología (National Neurology Association), ageing is one of the key factors linked to sleeping disorders, especially if older consumers suffer from mobility issues, thereby reducing their tendency to spend time outside of the home and enjoy exercise or other activities that might support sleep or relaxation.
As herbal/traditional sleep aids offers further growth potential in the coming years, particularly when compared to standard OTC options, many of the leading players are expected to invest more in developing their herbal/traditional product ranges as well as their marketing activities in the category, with the ultimate aim of becoming more competitive, establishing a stronger position and leveraging rising demand.
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Understand the latest market trends and future growth opportunities for the Sleep Aids industry in Spain 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 Sleep Aids industry in Spain, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
These aids include combinations of active ingredients (e.g. diphenhydramine + acetaminophen) and single ingredient (e.g. doxylamine succinate). Herbal remedies made with valerian root, passionflower, and others, are included. This category also tracks melatonin products - a hormone, even if they are classified as a dietary supplement in some countries.
See All of Our DefinitionsThis report originates from Passport, our Sleep Aids research and analysis database.
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