Greater consumer awareness of health and wellbeing in Chile is leading a more informed understanding of various ingredients and their associated benefits. This newfound knowledge empowers Chileans to make more conscious choices about their wellbeing.
Amid the uncertain socioeconomic scenario in 2023, two pivotal strategies have emerged within Chilean consumer health. The first involves a strategic shift towards prioritising products and categories that optimise company portfolios.
Another key trend that is expected to play a crucial role in supporting sales growth in herbal/traditional products over the forecast period revolves around the changing behaviour of Chileans in their approach to healthcare. Two significant factors driving this shift are the rising inclination towards self-medication for mild-to-moderate illnesses and the growing interest in preventive medicine among the general population.
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Understand the latest market trends and future growth opportunities for the Herbal/Traditional Products industry in Chile 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 Chile, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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 Definitions
This report originates from Passport, our Herbal/Traditional Products research and analysis database.
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