Sleep aids is expected to continue recording robust constant retail value sales growth over the forecast period, fuelled by an uncertain economic and social scenario due to the local instable economy, Russia-Ukraine war concerns, and the monkeypox outbreak. Insomnia, a symptom of an underlying sleep disorder, can be caused by psychiatric and medical conditions, but is often triggered when adults feel worried and nervous about economic instability.
Herbal/traditional sleep aids is set to see the fastest retail volume and current value growth over the forecast period. The economic and social crises have increased the stress and anxiety levels of many consumers in Argentina.
While e-commerce penetration is still very low in Argentina, the impact of COVID-19 has accelerated the growth of sales via this channel, as consumers were forced to remain home as a result of a number of lockdown periods in 2020 and 2021. Consequently, e-commerce is anticipated to continue developing in sleep aids, despite sales being dominated by health and beauty specialist retailers, primarily chemists/pharmacies.
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Understand the latest market trends and future growth opportunities for the Sleep Aids industry in Argentina 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 Sleep Aids industry in Argentina, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
These aids include combinations of active ingredients (e.g. diphenhydramine + acetaminophen) and single ingredient (e.g. doxylamine succinate). Herbal remedies made with valerian root, passionflower, and others, are included. This category also tracks melatonin products - a hormone, even if they are classified as a dietary supplement in some countries.
See All of Our DefinitionsThis report originates from Passport, our Sleep Aids research and analysis database.
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