Digestive Remedies in Latvia - New Market Research Report

Rising demand for digestive remedies in Latvia is being driven by more stressful lifestyles, which lead to irregular eating, limit the ability to spend time cooking nutritious meals and also boost the popularity of fast food, thus resulting in a growing number of people suffering from digestive disorders such as obstipation, heartburn and IBS.

Competitive Landscape

Berlin-Chemie/Menarini Baltic SIA maintained its leading position in digestive remedies with a 22% value share in 2015. However, despite growing sales, its value share decreased by three percentage points over the review period due to the growth of proton pump inhibitors, a category in which Berlin-Chemie is not present. Berlin-Chemie’s most successful brand is Mezym, a digestive enzyme, which was the top OTC digestive remedy in the review period. Espumisan and Raniberl also contribute to Berlin-Chemie’s value share with the leading positions in antiflatulents and H2 blockers, respectively. Sandoz Pharmaceuticals dd ranked second in digestive remedies in 2015 with a 10% value share due to Linex, the leading brand within diarrhoeal remedies both for children and adults and the second biggest digestive remedy brand in Latvia.

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Industry Prospects

Over the forecast period, sales of digestive remedies in Latvia are expected to be influenced by the same trends observed in 2015. Despite general interest within society in healthy eating habits, biological agriculture products, raw food and vegetarianism, modern and stress-filled lifestyles, which leave little time for healthier eating and cooking at home, will contribute to a growing number of people suffering from digestive disorders.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Digestive Remedies 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 Digestive Remedies industry in Latvia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Digestive Remedies 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 Digestive Remedies in Latvia?

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