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Consumer Health in Costa Rica

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    Report

  • 81 Pages
  • October 2024
  • Region: Costa Rica
  • Euromonitor International
  • ID: 2568135
While total current value sales growth for consumer health in Costa Rica in 2024 is set to be well down on 2023, this is mainly because the country experienced persistent deflation over the first half of the year amidst the strong appreciation of the colón against the US dollar. Most categories have expanded in volume terms, with several poised to register improved performances in this respect.

The Consumer Health in Costa Rica report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2019-2023, allowing you to identify the sectors driving growth. Forecasts to 2028 illustrate how the market is set to change.

Product coverage: Allergy Care, Herbal/Traditional Products, OTC, Paediatric Consumer Health, Sports Nutrition, Vitamins and Dietary Supplements, Weight Management and Wellbeing.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Consumer Health market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

EXECUTIVE SUMMARY
  • Consumer health in 2024: The big picture
  • 2024 key trends
  • Competitive landscape
  • Retailing developments
  • What next for consumer health?
MARKET INDICATORS
  • Table 1 Consumer Expenditure on Health Goods and Medical Services: Value 2019-2024
  • Table 2 Life Expectancy at Birth 2019-2024
MARKET DATA
  • Table 3 Sales of Consumer Health by Category: Value 2019-2024
  • Table 4 Sales of Consumer Health by Category: % Value Growth 2019-2024
  • Table 5 NBO Company Shares of Consumer Health: % Value 2020-2024
  • Table 6 LBN Brand Shares of Consumer Health: % Value 2021-2024
  • Table 7 Penetration of Private Label by Category: % Value 2019-2024
  • Table 8 Distribution of Consumer Health by Format: % Value 2019-2024
  • Table 9 Distribution of Consumer Health by Format and Category: % Value 2024
  • Table 10 Forecast Sales of Consumer Health by Category: Value 2024-2029
  • Table 11 Forecast Sales of Consumer Health by Category: % Value Growth 2024-2029
APPENDIX
  • OTC registration and classification
  • Vitamins and dietary supplements registration and classification
  • Self-medication/self-care and preventive medicine
  • Switches
DISCLAIMERDEFINITIONS
SOURCES
  • Summary 1 Research Sources
ANALGESICS IN COSTA RICAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Overall demand for analgesics continues to rise steadily
  • Adult naproxen and diclofenac are the most dynamic categories
  • Appeal of generics remains strong despite deflation
PROSPECTS AND OPPORTUNITIES
  • Diversification of delivery formats likely to increase in systemic analgesics
  • Products claiming to provide faster results set to gain ground
  • Pharmacies will remain the leading distribution channel
CATEGORY DATA
  • Table 12 Sales of Analgesics by Category: Value 2019-2024
  • Table 13 Sales of Analgesics by Category: % Value Growth 2019-2024
  • Table 14 NBO Company Shares of Analgesics: % Value 2020-2024
  • Table 15 LBN Brand Shares of Analgesics: % Value 2021-2024
  • Table 16 Forecast Sales of Analgesics by Category: Value 2024-2029
  • Table 17 Forecast Sales of Analgesics by Category: % Value Growth 2024-2029
COUGH, COLD AND ALLERGY (HAY FEVER) REMEDIES IN COSTA RICAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Post-pandemic increase in spread of seasonal viruses boosts demand
  • Combination products remains one of the best performing categories
  • Bayer introduces Tabcin PowerGels
PROSPECTS AND OPPORTUNITIES
  • Consumer base for antihistamines/allergy remedies set to continue expanding
  • Dominance of Halls brand in medicated confectionery unlikely to be challenged
  • Interest in herbal/traditional products expected to remain strong
CATEGORY DATA
  • Table 18 Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: Value 2019-2024
  • Table 19 Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: % Value Growth 2019-2024
  • Table 20 NBO Company Shares of Cough, Cold and Allergy (Hay Fever) Remedies: % Value 2020-2024
  • Table 21 LBN Brand Shares of Cough, Cold and Allergy (Hay Fever) Remedies: % Value 2021-2024
  • Table 22 Forecast Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: Value 2024-2029
  • Table 23 Forecast Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: % Value Growth 2024-2029
DIGESTIVE REMEDIES IN COSTA RICAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Most digestive remedies categories expand in volume and value terms
  • Heightened price-sensitivity broadens appeal of generics
  • Megalabs SA continues to rank among the strongest performers in 2024
PROSPECTS AND OPPORTUNITIES
  • Lifestyle and demographic trends will continue to drive demand
  • Competitive landscape expected to remain relatively concentrated
  • No major changes anticipated in terms of distribution
CATEGORY DATA
  • Table 24 Sales of Digestive Remedies by Category: Value 2019-2024
  • Table 25 Sales of Digestive Remedies by Category: % Value Growth 2019-2024
  • Table 26 NBO Company Shares of Digestive Remedies: % Value 2020-2024
  • Table 27 LBN Brand Shares of Digestive Remedies: % Value 2021-2024
  • Table 28 Forecast Sales of Digestive Remedies by Category: Value 2024-2029
  • Table 29 Forecast Sales of Digestive Remedies by Category: % Value Growth 2024-2029
DERMATOLOGICALS IN COSTA RICAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Demand remains solid amidst rising incidence of skin- and hair-related ailments
  • Budget-conscious consumers increasingly favour smaller pack sizes and generics
  • Interest in hair loss treatments continues to rise
PROSPECTS AND OPPORTUNITIES
  • Herbal/traditional dermatologicals likely to gain ground
  • Demand for haemorrhoid treatments set to remain buoyant
  • Use of medicated shampoos expected to become more widespread
CATEGORY DATA
  • Table 30 Sales of Dermatologicals by Category: Value 2019-2024
  • Table 31 Sales of Dermatologicals by Category: % Value Growth 2019-2024
  • Table 32 NBO Company Shares of Dermatologicals: % Value 2020-2024
  • Table 33 LBN Brand Shares of Dermatologicals: % Value 2021-2024
  • Table 34 Forecast Sales of Dermatologicals by Category: Value 2024-2029
  • Table 35 Forecast Sales of Dermatologicals by Category: % Value Growth 2024-2029
WOUND CARE IN COSTA RICAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Falling prices, busier lifestyles and population ageing help to lift demand
  • 3M Nexcare and Hansaplast stay well ahead of the competition
  • Penetration of generics remains low
PROSPECTS AND OPPORTUNITIES
  • Wound care will continue to expand at a steady pace in volume and value terms
  • Maturity and competitive pressures should encourage added-value innovation
  • Distribution likely to remain heavily concentrated in the pharmacies channel
CATEGORY DATA
  • Table 36 Sales of Wound Care by Category: Value 2019-2024
  • Table 37 Sales of Wound Care by Category: % Value Growth 2019-2024
  • Table 38 NBO Company Shares of Wound Care: % Value 2020-2024
  • Table 39 LBN Brand Shares of Wound Care: % Value 2021-2024
  • Table 40 Forecast Sales of Wound Care by Category: Value 2024-2029
  • Table 41 Forecast Sales of Wound Care by Category: % Value Growth 2024-2029
VITAMINS IN COSTA RICAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Preventive health trend continues to boost vitamins consumption
  • Multivitamins still the largest category despite slowdown in demand
  • Interest in paediatric vitamins remains strong
PROSPECTS AND OPPORTUNITIES
  • Price competition likely to intensify as producers seek to win over more consumers
  • GNC expected to further consolidate its leading position
  • Direct sellers set to remain an important distribution channel
CATEGORY DATA
  • Table 42 Sales of Vitamins by Category: Value 2019-2024
  • Table 43 Sales of Vitamins by Category: % Value Growth 2019-2024
  • Table 44 Sales of Multivitamins by Positioning: % Value 2019-2024
  • Table 45 NBO Company Shares of Vitamins: % Value 2020-2024
  • Table 46 LBN Brand Shares of Vitamins: % Value 2021-2024
  • Table 47 Forecast Sales of Vitamins by Category: Value 2024-2029
  • Table 48 Forecast Sales of Vitamins by Category: % Value Growth 2024-2029
DIETARY SUPPLEMENTS IN COSTA RICAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Growing adoption of preventive health behaviours favours dietary supplements
  • Appreciation of local currency improves supply of imported brands
  • Products incorporating CBD become more widely available
PROSPECTS AND OPPORTUNITIES
  • Outlook for dietary supplements remains bright
  • Interest in herbal/traditional products expected to rise
  • Adoption of healthier eating habits likely to constrain growth potential
CATEGORY DATA
  • Table 49 Sales of Dietary Supplements by Category: Value 2019-2024
  • Table 50 Sales of Dietary Supplements by Category: % Value Growth 2019-2024
  • Table 51 Sales of Dietary Supplements by Positioning: % Value 2019-2024
  • Table 52 NBO Company Shares of Dietary Supplements: % Value 2020-2024
  • Table 53 LBN Brand Shares of Dietary Supplements: % Value 2021-2024
  • Table 54 Forecast Sales of Dietary Supplements by Category: Value 2024-2029
  • Table 55 Forecast Sales of Dietary Supplements by Category: % Value Growth 2024-2029
WEIGHT MANAGEMENT AND WELLBEING IN COSTA RICAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Rising health- and image-consciousness continue to boost demand
  • Meal replacement remains the largest and best performing category
  • Megalabs launches Enterex brand in supplement nutrition drinks
PROSPECTS AND OPPORTUNITIES
  • Direct sellers likely to strengthen their competitive positions
  • Threat from GLP-1 drugs should be limited by high prices and stricter regulation
  • Supplement nutrition drinks will continue to benefit from population ageing
CATEGORY DATA
  • Table 56 Sales of Weight Management and Wellbeing by Category: Value 2019-2024
  • Table 57 Sales of Weight Management and Wellbeing by Category: % Value Growth 2019-2024
  • Table 58 NBO Company Shares of Weight Management and Wellbeing: % Value 2020-2024
  • Table 59 LBN Brand Shares of Weight Management and Wellbeing: % Value 2021-2024
  • Table 60 Forecast Sales of Weight Management and Wellbeing by Category: Value 2024-2029
  • Table 61 Forecast Sales of Weight Management and Wellbeing by Category: % Value Growth 2024-2029
SPORTS NUTRITION IN COSTA RICAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Growing participation in sports and fitness activities continues to boost sales
  • GNC retains its dominant position
  • Direct selling companies maintain strong presence in sports nutrition
PROSPECTS AND OPPORTUNITIES
  • Sports protein powder set to remain the largest category in value terms
  • Protein/energy bars and sports protein RTD expected to post fastest volume growth
  • Producers will employ a range of strategies to overcome pricing barrier
CATEGORY DATA
  • Table 62 Sales of Sports Nutrition by Category: Value 2019-2024
  • Table 63 Sales of Sports Nutrition by Category: % Value Growth 2019-2024
  • Table 64 NBO Company Shares of Sports Nutrition: % Value 2020-2024
  • Table 65 LBN Brand Shares of Sports Nutrition: % Value 2021-2024
  • Table 66 Forecast Sales of Sports Nutrition by Category: Value 2024-2029
  • Table 67 Forecast Sales of Sports Nutrition by Category: % Value Growth 2024-2029
HERBAL/TRADITIONAL PRODUCTS IN COSTA RICAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Costa Ricans continue to show strong interest in herbal/traditional products
  • Herbal/traditional sleep aids is the most dynamic category
  • Growth potential of branded products restricted by use of unpackaged alternatives
PROSPECTS AND OPPORTUNITIES
  • Herbal/traditional cough, cold and allergy (hay fever) remedies set to gain popularity
  • Gut health concerns will strengthen interest in herbal/traditional digestive remedies
  • Several categories expected to witness new herbal/traditional launches
CATEGORY DATA
  • Table 68 Sales of Herbal/Traditional Products: Value 2019-2024
  • Table 69 Sales of Herbal/Traditional Products: % Value Growth 2019-2024
  • Table 70 NBO Company Shares of Herbal/Traditional Products: % Value 2020-2024
  • Table 71 LBN Brand Shares of Herbal/Traditional Products: % Value 2021-2024
  • Table 72 Forecast Sales of Herbal/Traditional Products: Value 2024-2029
  • Table 73 Forecast Sales of Herbal/Traditional Products: % Value Growth 2024-2029
PAEDIATRIC CONSUMER HEALTH IN COSTA RICAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Slowing birth rates and weakened purchasing power subdue growth potential
  • Paediatric vitamins and dietary supplements shows the fastest development
  • Reye's syndrome risk erodes appeal of paediatric aspirin
PROSPECTS AND OPPORTUNITIES
  • Herbal/traditional products likely to perform well in several categories
  • Demand for paediatric allergy remedies expected to increase
  • Pharmacies will continue to dominate paediatric consumer health distribution
CATEGORY DATA
  • Table 74 Sales of Paediatric Consumer Health by Category: Value 2019-2024
  • Table 75 Sales of Paediatric Consumer Health by Category: % Value Growth 2019-2024
  • Table 76 Forecast Sales of Paediatric Consumer Health by Category: Value 2024-2029
  • Table 77 Forecast Sales of Paediatric Consumer Health by Category: % Value Growth 2024-2029