Herbal/traditional products is expected to maintain solid current value growth in Brazil in the forecast period. Despite having the largest biodiversity on the planet, the Brazilian share of global sales of herbal/traditional products stands at less than 2%.
A varied group of companies has been increasing investment in the production of herbal/traditional products, aiming to take advantage of the positive perception of these products as safer and more natural options to take care of health. Start-ups such as Beeotec, and Nintx (Next Innovative Therapeutics), amongst others, are dedicated to developing new solutions in innovative therapies from the molecular richness of Brazil, which has the greatest biodiversity on the planet.
Anvisa (National Health Surveillance Agency) has been promoting updates in the Brazilian Pharmacopoeia Phytotherapeutic Formulary. The second edition of the document was published by the Collegiate Board Resolution in 2023.
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Understand the latest market trends and future growth opportunities for the Herbal/Traditional Products industry in Brazil 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 Brazil, 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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