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Report
Consumer Health in Latvia
Market Direction I 2024-10-09 I 81 Pages I Euromonitor
In 2024, consumer health in Latvia is getting back on track following the fluctuations caused by the COVID-19 pandemic. While demand for OTC products is stabilising, retail volume growth is likely to stagnate due to maturity and economic uncertainty. Consumers remain cautious with expenditure and are choosing more affordable options when they feel necessary. Price inflation continues to underpin current value growth although inflation has fallen in Latvia. Whilst there is little organic growth i...
Euromonitor International's Consumer Health in Latvia report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2019-2023, allowing you to identify the sectors driving growth. Forecasts to 2028 illustrate how the market is set to change.
Product coverage: Allergy Care, Herbal/Traditional Products, OTC, Paediatric Consumer Health, Sports Nutrition, Vitamins and Dietary Supplements, Weight Management and Wellbeing.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
* Get a detailed picture of the Consumer Health market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market's major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.
Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.
Consumer Health in Latvia
Euromonitor International
October 2024
List Of Contents And Tables
CONSUMER HEALTH IN LATVIA
EXECUTIVE SUMMARY
Consumer health in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer health?
MARKET INDICATORS
Table 1 Consumer Expenditure on Health Goods and Medical Services: Value 2019-2024
Table 2 Life Expectancy at Birth 2019-2024
MARKET DATA
Table 3 Sales of Consumer Health by Category: Value 2019-2024
Table 4 Sales of Consumer Health by Category: % Value Growth 2019-2024
Table 5 NBO Company Shares of Consumer Health: % Value 2020-2024
Table 6 LBN Brand Shares of Consumer Health: % Value 2021-2024
Table 7 Penetration of Private Label by Category: % Value 2019-2024
Table 8 Distribution of Consumer Health by Format: % Value 2019-2024
Table 9 Distribution of Consumer Health by Format and Category: % Value 2024
Table 10 Forecast Sales of Consumer Health by Category: Value 2024-2029
Table 11 Forecast Sales of Consumer Health by Category: % Value Growth 2024-2029
APPENDIX
OTC registration and classification
Vitamins and dietary supplements registration and classification
Self-medication/self-care and preventive medicine
Switches
DISCLAIMER
DEFINITIONS
SOURCES
Summary 1 Research Sources
ANALGESICS IN LATVIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Retail volume sales fall after pandemic highs
Rising popularity of generic brands drives price competition in analgesics
Topical analgesics remain a popular choice
PROSPECTS AND OPPORTUNITIES
Growing pressure from lower-cost alternatives
Topical analgesics poised for solid growth
Innovation needed as analgesics faces saturation
CATEGORY DATA
Table 12 Sales of Analgesics by Category: Value 2019-2024
Table 13 Sales of Analgesics by Category: % Value Growth 2019-2024
Table 14 NBO Company Shares of Analgesics: % Value 2020-2024
Table 15 LBN Brand Shares of Analgesics: % Value 2021-2024
Table 16 Forecast Sales of Analgesics by Category: Value 2024-2029
Table 17 Forecast Sales of Analgesics by Category: % Value Growth 2024-2029
COUGH, COLD AND ALLERGY (HAY FEVER) REMEDIES IN LATVIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Rebound in sales as demand patterns normalise
Growing preference for natural remedies
Fragmented landscape where local players are gaining traction
PROSPECTS AND OPPORTUNITIES
Market growth set to slow as it reaches maturity
Local brands likely to expand presence
Rising consumer interest in combination products
CATEGORY DATA
Table 18 Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: Value 2019-2024
Table 19 Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: % Value Growth 2019-2024
Table 20 NBO Company Shares of Cough, Cold and Allergy (Hay Fever) Remedies: % Value 2020-2024
Table 21 LBN Brand Shares of Cough, Cold and Allergy (Hay Fever) Remedies: % Value 2021-2024
Table 22 Forecast Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: Value 2024-2029
Table 23 Forecast Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: % Value Growth 2024-2029
DIGESTIVE REMEDIES IN LATVIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Digestive remedies category is hampered by saturation
Digestive enzyme sales fluctuate post-pandemic
Laxative demand rises in tandem with ageing population
PROSPECTS AND OPPORTUNITIES
Increasing consumer preference for natural and plant-based remedies
Innovation key to reinvigorating market
Targeted marketing aimed at older adults
CATEGORY DATA
Table 24 Sales of Digestive Remedies by Category: Value 2019-2024
Table 25 Sales of Digestive Remedies by Category: % Value Growth 2019-2024
Table 26 NBO Company Shares of Digestive Remedies: % Value 2020-2024
Table 27 LBN Brand Shares of Digestive Remedies: % Value 2021-2024
Table 28 Forecast Sales of Digestive Remedies by Category: Value 2024-2029
Table 29 Forecast Sales of Digestive Remedies by Category: % Value Growth 2024-2029
DERMATOLOGICALS IN LATVIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Latvians are more accustomed to using dermatologicals since the pandemic
Falling demand for topical germicidals/antiseptics
Renewed demand for well-known brands
PROSPECTS AND OPPORTUNITIES
Growing demand for premium dermatologicals is offset by challenges from beauty and skin care products
Well-known brands to dominate in vaginal antifungals
Limited growth opportunities for medicated shampoos
CATEGORY DATA
Table 30 Sales of Dermatologicals by Category: Value 2019-2024
Table 31 Sales of Dermatologicals by Category: % Value Growth 2019-2024
Table 32 NBO Company Shares of Dermatologicals: % Value 2020-2024
Table 33 LBN Brand Shares of Dermatologicals: % Value 2021-2024
Table 34 Forecast Sales of Dermatologicals by Category: Value 2024-2029
Table 35 Forecast Sales of Dermatologicals by Category: % Value Growth 2024-2029
WOUND CARE IN LATVIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Wound care sales remain under pressure
Growing consumer interest in premium products
Demand for eco-friendly products is on the rise
PROSPECTS AND OPPORTUNITIES
Positive influence from telemedicine and digital health solutions
Products for chronic conditions should drive premiumisation
Innovation in advanced wound care offers new sales opportunities
CATEGORY DATA
Table 36 Sales of Wound Care by Category: Value 2019-2024
Table 37 Sales of Wound Care by Category: % Value Growth 2019-2024
Table 38 NBO Company Shares of Wound Care: % Value 2020-2024
Table 39 LBN Brand Shares of Wound Care: % Value 2021-2024
Table 40 Forecast Sales of Wound Care by Category: Value 2024-2029
Table 41 Forecast Sales of Wound Care by Category: % Value Growth 2024-2029
VITAMINS IN LATVIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Consumers are more selective in vitamin purchases
Vitamin D sales decline but consumption levels are still high by historic standards
Private label attracts price sensitive shoppers
PROSPECTS AND OPPORTUNITIES
Multivitamins likely to see a recovery in consumer demand
Personalised and targeted health solutions will capture consumer interest
Innovation will be crucial to brand differentiation
CATEGORY DATA
Table 42 Sales of Vitamins by Category: Value 2019-2024
Table 43 Sales of Vitamins by Category: % Value Growth 2019-2024
Table 44 Sales of Multivitamins by Positioning: % Value 2019-2024
Table 45 NBO Company Shares of Vitamins: % Value 2020-2024
Table 46 LBN Brand Shares of Vitamins: % Value 2021-2024
Table 47 Forecast Sales of Vitamins by Category: Value 2024-2029
Table 48 Forecast Sales of Vitamins by Category: % Value Growth 2024-2029
DIETARY SUPPLEMENTS IN LATVIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Preventive health drives strong sales of dietary supplements
Magnesium supplements remain popular
Economic pressures put emphasis on private label
PROSPECTS AND OPPORTUNITIES
Health prevention is set to remain a key driver in dietary supplements
Niche supplements offer growth potential
Ongoing focus on cost-effective solutions
CATEGORY DATA
Table 49 Sales of Dietary Supplements by Category: Value 2019-2024
Table 50 Sales of Dietary Supplements by Category: % Value Growth 2019-2024
Table 51 Sales of Dietary Supplements by Positioning: % Value 2019-2024
Table 52 NBO Company Shares of Dietary Supplements: % Value 2020-2024
Table 53 LBN Brand Shares of Dietary Supplements: % Value 2021-2024
Table 54 Forecast Sales of Dietary Supplements by Category: Value 2024-2029
Table 55 Forecast Sales of Dietary Supplements by Category: % Value Growth 2024-2029
WEIGHT MANAGEMENT AND WELLBEING IN LATVIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Increased competition from sports nutrition compromises growth
Slimming teas remain popular for weight control
Distribution limitations hold back category performance
PROSPECTS AND OPPORTUNITIES
Tough competition will limit growth and place onus on innovation
Scope to expand online and direct sales and offer weight management bundles
Leveraging natural ingredients provides growth opportunities
CATEGORY DATA
Table 56 Sales of Weight Management and Wellbeing by Category: Value 2019-2024
Table 57 Sales of Weight Management and Wellbeing by Category: % Value Growth 2019-2024
Table 58 NBO Company Shares of Weight Management and Wellbeing: % Value 2020-2024
Table 59 LBN Brand Shares of Weight Management and Wellbeing: % Value 2021-2024
Table 60 Forecast Sales of Weight Management and Wellbeing by Category: Value 2024-2029
Table 61 Forecast Sales of Weight Management and Wellbeing by Category: % Value Growth 2024-2029
SPORTS NUTRITION IN LATVIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Surge in demand for sports nutrition products
Consumers lean towards sports nutrition products with natural ingredients
E-commerce dominates distribution of sports nutrition
PROSPECTS AND OPPORTUNITIES
Sports nutrition faces strong outlook with plant-based products set to fuel innovation
Consumer appeal to rise in line with added functional ingredients
Sophisticated nature of e-commerce could escalate growth
CATEGORY DATA
Table 62 Sales of Sports Nutrition by Category: Value 2019-2024
Table 63 Sales of Sports Nutrition by Category: % Value Growth 2019-2024
Table 64 NBO Company Shares of Sports Nutrition: % Value 2020-2024
Table 65 LBN Brand Shares of Sports Nutrition: % Value 2021-2024
Table 66 Forecast Sales of Sports Nutrition by Category: Value 2024-2029
Table 67 Forecast Sales of Sports Nutrition by Category: % Value Growth 2024-2029
HERBAL/TRADITIONAL PRODUCTS IN LATVIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Robust demand for immune health-related products supports category sales
Sustainable products gain popularity in herbal/traditional products
Herbal/traditional products integrate with conventional medicines
PROSPECTS AND OPPORTUNITIES
Growth in immune-boosting products provides opportunities as value sales stagnate
Expansion of ethical and sustainable products provides scope for brands to differentiate
Broader acceptance of integrative health products
CATEGORY DATA
Table 68 Sales of Herbal/Traditional Products: Value 2019-2024
Table 69 Sales of Herbal/Traditional Products: % Value Growth 2019-2024
Table 70 NBO Company Shares of Herbal/Traditional Products: % Value 2020-2024
Table 71 LBN Brand Shares of Herbal/Traditional Products: % Value 2021-2024
Table 72 Forecast Sales of Herbal/Traditional Products: Value 2024-2029
Table 73 Forecast Sales of Herbal/Traditional Products: % Value Growth 2024-2029
PAEDIATRIC CONSUMER HEALTH IN LATVIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Demand rebounds in post-pandemic era
Parental focus is on safety and efficacy
Rising consumer interest in preventive health
PROSPECTS AND OPPORTUNITIES
Product development opportunities in mental and emotional wellbeing
Integration with digital health tools could elevate brand appeal
Customisation and personalisation of supplements is a possibility
CATEGORY DATA
Table 74 Sales of Paediatric Consumer Health by Category: Value 2019-2024
Table 75 Sales of Paediatric Consumer Health by Category: % Value Growth 2019-2024
Table 76 Forecast Sales of Paediatric Consumer Health by Category: Value 2024-2029
Table 77 Forecast Sales of Paediatric Consumer Health by Category: % Value Growth 2024-2029
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