Herbal/Traditional Products in Slovakia - New Market Study Published

From: Fast Market Research, Inc.
Published: Wed Jul 09 2014

Herbal/traditional products are quite popular in Slovakia, and current value sales grew throughout the review period, mostly thanks to their active natural composition. These products are perceived as healthy alternatives to chemical medicines with limited or no side effects. This is an increasingly important factor in society as health awareness rises. Herbal/traditional products recorded a 3% increase in current value sales in 2013.

Competitive Landscape

The competition with herbal/traditional products is strong and the competitive landscape is quite fragmented. Only the leading company, Krewel Meuselbach GmbH, has a retail value share above 10% in 2013, thanks to its large product portfolio and focus on promotion through leaflets in pharmacies. Schwabe Slovakia sro, Sandoz Slovensko and Walmark follow, each with a retail value share of 8-9%.

Full Report Details at
- http://www.fastmr.com/prod/847301_herbaltraditional_products_in_slovakia.aspx?afid=302

Industry Prospects

A lack of promotion and product innovation will hamper the development of herbal/traditional products over the forecast period. Consumers will continue to seek herbal products as preventive or supplementary treatments to OTC drugs. Strong competition from strongly advertised OTC and homeopathic products will also have a negative impact on sales.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Herbal/Traditional Products industry in Slovakia 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 Slovakia, our research will save you time and money while empowering you to make informed, profitable decisions.

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

Reasons to Get this Report

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