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Recently Released Market Study: Herbal/Traditional Products in Bosnia-Herzegovina

Recently published research from Euromonitor International, "Herbal/Traditional Products in Bosnia-Herzegovina", is now available at Fast Market Research

 

Boston, MA -- (ReleaseWire) -- 06/17/2014 -- Most consumers in Bolivia traditionally use some type of herbal/traditional remedy for minor ailments. Consequently, companies invested heavily in including herbal ingredients in their products. Furthermore, Bolivians tended to favour these products, due to perceiving them as more natural and as having fewer side effects. Another advantage enjoyed by herbal/traditional products was their very competitive prices.

Competitive Landscape

Comercial Miclar Srl led sports nutrition in Bolivia in 2013, on a retail value sales share of 38%. The company is a direct seller that distributes the Herbalife brand. It enjoyed extensive reach in the country, managing to reach a large base of consumers with its salesforce.

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Industry Prospects

Herbal/traditional products is likely to continue to be favoured by Bolivian consumers. Most consumers in the country are trusting of these products and their benefits. Additionally, companies are investing in the development of their herbal/traditional brands and stealing sales from herbs sold in bulk and other remedies. As a result, herbal/traditional products is expected to see a CAGR of 6% in terms of value sales at constant 2013 prices over the review period.

Report Overview

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

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

Reasons to Get this Report

- Gain competitive intelligence about market leaders

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