Consumer health is expected to see higher current value growth in 2020 than was seen the previous year. One of the factors driving growth in this year is COVID-19. As news about the virus emerged and the country went into lockdown, consumers began panic-buying in March, stockpiling certain consumer health products, such as analgesics, cough,...
Overall, consumer health is expected to perform well, due to increased demand as a result of COVID-19, with most areas product areas expected to register double-digit current value growth. Though 2020 current value growth is not expected to be as high as in 2019, a lot of the growth over the review period was driven by inflation rather than...
China’s demand for OTC Drugs has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
2020 accelerated the long overdue shift of the industry to e-commerce. It also saw direct sellers embrace digital selling and store-based retailers experiment with different strategies to keep consumers coming back for more. As global consumers put the first year of the pandemic behind them, there are some permanent shifts in consumer behaviour...
The emergence of the pandemic in Colombia and subsequent lockdown by the government in an attempt to control the spread of the virus resulted in rising unemployment and decreasing disposable incomes, and led to many local consumers prioritising their spending on essential purchases, including groceries and medicines. Consumer health therefore,...
In response to COVID-19 the Swiss government introduced a range of measures to limit the spread of the virus, with this having a mixed impact on the various categories of consumer health. Nonetheless, there was an overall improvement seen in 2020, spurred on by stronger sales in key categories including analgesics, cough, cold and allergy...
COVID-19 had a significant impact on consumer health in Austria in 2020 with it resulting in consumers reassessing their priorities and focusing on their immediate concerns. As concerns rose about the threat posed by COVID-19 many households started stocking up on products that were perceived to treat the symptoms of the virus, such as analgesics...
Consumer health is expected to see lower current value growth in 2020 than was seen the previous year, largely as a result of COVID-19. The hardest hit categories in 2020 are likely to be sports nutrition and weight management. The demand for these products was significantly dampened due to the introduction of lockdown restrictions, which...
Consumer health is expected to see slightly higher current value growth in 2020 than was seen in 2019, with COVID-19 expected to be one of the main factors dictating growth in Uruguay. While the COVID-19 outbreak in Uruguay had little impact in terms of infections and deaths due to the country’s good healthcare system, locals’ concern about...
COVID-19 is expected to have a varied effect on the different categories of consumer health in 2020. Categories such as analgesics, cough, cold and allergy (hay fever) remedies, vitamins and dietary supplements are expected to perform well in 2020 as the products in these categories are popular remedies for the main symptoms of COVID-19 or...