The market for digestive remedies is well-established and close to reaching maturity with shrinking potential for growth. However, taking into consideration the strong preference for OTC remedies instead of Rx varieties amongst Slovak consumers, the market is likely to see modest growth over the forecast period.
The growth rate of digestive remedies is expected to be limited over the forecast period as consumers are likely to incline towards healthier diets, especially in light of increased mindfulness regarding personal health and wellbeing arising from the experience of the pandemic and the constraints on overeating resulting from rising consumer prices. Furthermore, the use of probiotic supplements has seen staggering growth over the past few years, which might also have an adverse effect on sales of digestive remedies.
Until recently, a strong presence in the digestive remedies category has been limited mainly to well-established pharmaceutical companies. The research, innovation and approval of medication is a long and financially demanding process, which has prevented private label brands from entering the market.
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Understand the latest market trends and future growth opportunities for the Digestive Remedies 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 Digestive Remedies 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.
Includes remedies designed and marketed to treat gastrointestinal problems.See All of Our Definitions
This report originates from Passport, our Digestive Remedies research and analysis database.
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