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Just Released: "Herbal/Traditional Products in Nigeria"

New Consumer Goods market report from Euromonitor International: "Herbal/Traditional Products in Nigeria"

 

Boston, MA -- (ReleaseWire) -- 06/13/2014 -- In 2013, the government increased taxation on alcohol of all kinds, including 70% pure alcohol for medical purposes. This has had a significant effect on homeopathic remedies, which often include a high percentage of alcohol, and so product prices have been rising dramatically due to not being subsidised.

Competitive Landscape

Ta'am Teva Altman General Partnership continued to lead the category in 2013 with a retail value share of 12% thanks to being well-established in the market and having a good reputation. The company also leads vitamins and dietary supplements, a category in which herbal/traditional products are also growing in popularity. In 2013, the company invested in strengthening its glucosamine brand Mega Gluflex and hair loss brand Roots HR.

Industry Prospects

The prices of herbal/traditional products are expected to continue rising due to taxation on alcohol. However, over the long term they will stabilise at a certain level as no further tax rises are planned. Another factor which will affect product prices is rising demand for herbal/traditional products. The category is anticipated a value CAGR of 6% at constant 2013 prices over the forecast period, reflecting consumer perception of these products as being less harmful and having fewer side effects, especially when it comes to calming and sleeping.

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Report Overview

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

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

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Browse all Consumer Goods research reports at Fast Market Research

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