The outlook is positive for herbal/traditional products over the forecast period, with healthy constant value growth predicted. The Dominican Republic has a long tradition of using natural home remedies to treat ailments.
Authorities see the value of local herbal medicines and look to develop and formalise the practice. In this regard, a bill was put forward in 2022, entitled the “Alternative Natural Medicine Bill.
Direct sellers are significant players in traditional/herbal products, with Herbalife leading the competitive landscape, and Omnilife being in fourth position. However, it will be increasingly difficult for them to hold on to value share over the forecast period, as society becomes increasingly digital, and with physical retailers increasingly adopting an omnichannel approach.
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Understand the latest market trends and future growth opportunities for the Herbal/Traditional Products industry in Dominican Republic 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 Dominican Republic, 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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