Following a temporary spike in demand during the COVID-19 crisis, vitamins is expected to experience a much slower rate of growth in current value terms over the forecast period. Whilst consumers are expected to remain more health-aware than they were before the pandemic, the popularity of vitamins is not sustainable in the longer-term, due to low levels of purchasing power.
Paediatric vitamins are expected to remain popular, as parents continue to prioritise their children’s health over their own. Additionally, the average income of Uzbekistani consumers is increasing, which will have a positive impact on demand for higher-quality more expensive vitamins.
The competitive landscape for vitamins in Uzbekistan is still in the development phase, with a high number of players competing for share. During the forecast period, international manufacturers, such as Slovenian-based Krka dd Novo Mesto, are expected to retain a strong presence, a factor that will render vitamins vulnerable to price fluctuations, especially in times of volatile exchange rates and global logistical issues.
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Understand the latest market trends and future growth opportunities for the Vitamins industry in Uzbekistan 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 Vitamins industry in Uzbekistan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is the aggregation of multivitamins and single vitamins.See All of Our Definitions
This report originates from Passport, our Vitamins research and analysis database.
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