There will be no more than marginal growth in retail constant value sales of digestive remedies during the forecast period as a whole. A difficult economic environment will play a role in this, particularly during the early part of the forecast period.
The combination of one of the longest life expectancies in the world with a fertility rate that is low even by Western European standards means that the Spanish population is steadily ageing: Close to half of the population will be aged 50 years or older by the end of the forecast period, which will help to support demand for such digestive remedies as laxative and PPIs. Moreover, the Spanish government is set to stop reimbursing some of these products as it seeks to balance its budget and meet its burgeoning pension commitments, which will have a positive effect on demand for OTC digestive remedies.
The re-opening of Spain’s borders to all foreign visitors and the ongoing recovery of domestic and outbound tourism flows following the lifting of restrictions on movement will underpin demand for digestive remedies. Among the categories of digestive remedies that are likely to benefit from the anticipated recovery of the global travel and tourism industry are motion sickness remedies and diarrheal remedies, which are common purchases among inbound, outbound and domestic tourists alike.
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Understand the latest market trends and future growth opportunities for the Digestive Remedies 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 Digestive Remedies 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.
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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