Herbal/traditional products is expected to see accelerated retail value (constant 2022 prices) growth over the forecast period, with double-digit growth also expected in all categories (except for herbal/traditional dermatologicals) in retail volume terms This is mostly due to more consumers becoming aware of the benefits of using herbal/traditional alternatives over conventional, chemical-based products, which are traditionally favoured in Uruguay.
Herbal/traditional dietary supplements is set to post the highest rate of retail volume and value (constant 2022 prices) growth over the forecast period. Such products will also continue to account for the highest share of value sales in herbal/traditional products, with an increasing demand set to be driven by a large and well-informed older population.
E-commerce remained relatively underdeveloped until the outbreak of COVID-19, when the channel benefited from restrictions imposed on consumer mobility and social distancing measures.
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Understand the latest market trends and future growth opportunities for the Herbal/Traditional Products industry in Uruguay 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.
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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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