Dietary supplements face stagnant growth over the forecast period with value sales declining marginally. Competition from vitamins will continue to intensify for this category with the use of many dietary supplements coming under question.
As inflation rises sharply in 2022 price inflation is impacting all categories in Latvia including dietary supplements. Consumers will be concerned about household budgets over the forecast period, as the possibility of economic recession weighs on consumer confidence.
Over the forecast period, dietary supplements is expected to benefit from the wide range of brands offering products at different prices in a wide range of distribution channels. Dietary supplements are becoming more readily available across many different mainstream distribution channels, such as chemists/pharmacies, web pharmacies, grocery stores, and sports nutrition shops.
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Understand the latest market trends and future growth opportunities for the Dietary supplements industry in Latvia 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 Dietary supplements industry in Latvia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
It is the aggregation of all dietary supplements: Minerals, fish oils/omega fatty acids, garlic, ginseng, ginkgo biloba, evening primrose oil, Echinacea, St John's Wort, protein supplements, probiotic supplements, eye health supplements, co-enzyme Q10, glucosamine, combination herbal/traditional supplements, non-herbal/traditional supplements, and all other dietary supplements specific to country coverage.See All of Our Definitions
This report originates from Passport, our Dietary supplements research and analysis database.
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