The Uzbek government currently has very little control over local production of herbal/traditional products, and hence is unable to control the quality of products produced in the country. Furthermore, it is relatively easy to set up production of herbal/traditional products in Uzbekistan (helped by the lack of regulation) and so the list of local producers is likely to continue to expand throughout the forecast period.
Despite the fact that herbal/ traditional products is underdeveloped in Uzbekistan, there are unlikely to be any significant developments in terms of the diversification of product offerings over the forecast period, due to the relatively weak presence of international players. Instead, given the trend towards more natural formulations, the many brands that are already positioned as herbal/traditional products will increasingly focus their marketing efforts on highlighting the naturalness of their ingredients, rather new product innovation.
Over the forecast period, volume sales of herbal/traditional products may be somewhat boosted by their low prices when compared with standard OTC products and vitamins and dietary supplements. Due to a lack of regulation the former are easier to produce and production is less controlled by the government.
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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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