Sales of herbal/traditional dietary supplements are expected to stagnate in volume terms over the forecast period, having seen a significant drop in sales in 2023/2024. This is because at the legislative level the registration of these products has become more difficult as the government looks to tackle the large number of grey imports and counterfeit products that are entering the market.
Geopolitical challenges and increased regulation on imported international brands could provide more opportunities for the development of local herbal/traditional products. By offering competitive prices and similar products to imported alternatives local players could win the trust of consumers, many of whom see price as one of the most important factors in their purchasing decision.
While the outlook for herbal/traditional products in Azerbaijan is fairly positive, there is unlikely to be any significant interest in herbal/traditional dermatologicals. Not all herbal/traditional products are trusted by consumers to provide effective results and when it comes to treating skin conditions most consumers in Azerbaijan still prefer to turn to standard medicines.
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Understand the latest market trends and future growth opportunities for the Herbal/Traditional Products industry in Azerbaijan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Herbal/Traditional Products industry in Azerbaijan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Herbal/Traditional Products
Botanicals or traditional remedies are products that have a long tradition of use, decades of established reputation, and are considered alternative remedies to standard medicine. Traditional medicine remedies such as Ayurveda, Traditional Chinese Medicine (TCM), Unani, Kampo, etc. are included. Homeopathic remedies are excluded. Only packaged products are tracked.
See All of Our DefinitionsThis report originates from Passport, our Herbal/Traditional Products research and analysis database.
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