Herbal/Traditional Products in Latvia - New Market Study Published

From: Fast Market Research, Inc.
Published: Wed Apr 01 2015


Following health and wellness trend, Latvian consumers renewed their interest in herbal/traditional products in 2014. As disposable incomes rose, they began to seek healthier alternatives to existing remedies. Trying to live a healthier lifestyle also required giving up cheaper remedies for more sophisticated ones resulting in stable increase in demand in 2014 in Latvia.

Competitive Landscape

Silvanols Ltd had the highest value share of 17% in 2014. Company has strong brand awareness due to its long-standing presence in Latvian market and its products are widely appreciated by customers. Some of the most popular products that Silvanols Ltd offer are Sinunorm, Faringospray and Bronhosan. The company did not spend much money on advertisements as the best promotion for its products is through word of mouth.

Industry Prospects

Herbal/traditional products is expected to enjoy stable growth over the forecast period due to already developed loyal consumer base, which mostly consists of middle-aged and elderly people. In addition, younger people are showing greater interest in such products as they offer many benefits to them. Stable economic growth will also stimulate the sales of herbal/traditional products since people will be much more willing to buy and try new products.

Full Report Details at
- http://www.fastmr.com/prod/972548_herbaltraditional_products_in_latvia.aspx?afid=302

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Herbal/Traditional Products industry in Latvia with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Herbal/Traditional Products industry in Latvia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Herbal/Traditional Products in Latvia market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Herbal/Traditional Products in Latvia?
* What are the major brands in Latvia?
* What is the market size of Herbal/Traditional Products in Latvia?
* What are the major brands in Latvia?
* Are Ayurvedic or Traditional Chinese Medicine products available in Latvia?
* Which traditional products, like charcoal, birdís nest, camphor, valerian, or menthol, are popular?



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