In terms of value sales, the biggest categories within herbal/traditional products are likely to continue to be herbal/traditional cough, cold and allergy remedies and dietary supplements. These remedies are traditionally popular amongst Slovak consumers, offering the largest product portfolios amongst herbal/traditional products.
With the increasing demand for herbal/traditional products, new product development is expected to expand over the forecast period. Continuing new product development and the rising popularity of these remedies, as the herbal composition is ideal for calming and revitalising effects on the skin, will ensure growing demand for this category over the forecast period.
Following the recent relaxation of the Slovak law relating to the use of CBD derived products, it is likely that the category will see strong growth supported by new product launches and entries. Herbal/traditional dermatologicals, sleep aids and topical analgesics are likely to see particularly notable growth owing to the fact that they will contain a growing share of products containing CBD.
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Understand the latest market trends and future growth opportunities for the Herbal/Traditional Products 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 Herbal/Traditional Products 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.
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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