New Report Available: Herbal/Traditional Products in Venezuela

From: Fast Market Research, Inc.
Published: Thu Dec 10 2015

Herbal/traditional remedies’ highest presence continued to be in cough remedies. Products based on Hedera Helix became very popular as a natural option to expectorate phlegm, and the trend continued in 2014 and 2015. Several brands offer such products and add dynamism to the category. Due to their non-chemical nature, children can consume these remedies.

Competitive Landscape

Due to the large sales size of herbal/traditional cough, cold and allergy (hay fever) remedies, Laboratorios Roemmers-Klinos remains the leading player in herbal/traditional products with a 16% share of retail value sales in 2015. The company, which offers the herbal cough remedy Prospan, has been very successful in introducing Hedera Helix as a natural expectorant. The leading brand in herbal/traditional products, Prospan increased its retail share significantly over the review period to become one of the most important OTC brands in terms of sales in 2015.

Full Report Details at

Industry Prospects

The launch of new products will support dynamism in some areas, mainly cough remedies, digestive enzymes and laxatives. Nevertheless, the adverse business environment will limit the ability of players to innovate and introduce new brands during the forecast period. As a result, herbal/traditional products is predicted to post a 1% value CAGR at constant 2015 prices.

Report Overview

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

The Herbal/Traditional Products in Venezuela 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 Venezuela?
* What are the major brands in Venezuela?
* What is the market size of Herbal/Traditional Products in Venezuela?
* What are the major brands in Venezuela?
* Are Ayurvedic or Traditional Chinese Medicine products available in Venezuela?

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