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Consumer Health in Bolivia

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    Report

  • 86 Pages
  • September 2024
  • Region: Bolivia
  • Euromonitor International
  • ID: 2595576
Consumer health in Bolivia is grappling with several challenges that contribute to instability in 2024. A shortage of foreign currency and rising bank fees are directly affecting the costs of imported inputs and finished products. This situation is expected to persist in the medium to long term, as it stems from structural issues exacerbated by government management, including excessive public spending on hydrocarbon subsidies and declining natural gas exports.

The Consumer Health in Bolivia 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 BOLIVIAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Sales rise for analgesics in 2024
  • Generic variants gain traction
  • Lab Bagó continues to leady systemic analgesics
PROSPECTS AND OPPORTUNITIES
  • Expansion of innovative formulations anticipated within topical analgesics
  • Rising threat of drug smuggling
  • Forecast period holds opportunities for further segmentation
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 BOLIVIAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Rise in demand for category products
  • Climate change impacts health and wellness
  • Laboratorios Bagó remains innovative leader
PROSPECTS AND OPPORTUNITIES
  • Mentisan's product portfolio and distribution set to expand
  • Growing demand for natural syrups with Hedera Helix
  • Increased consumer awareness and focus on treating flu and cough ailments
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 BOLIVIAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Economic factors drive digestive remedies sales
  • Demand impacted by climatic conditions and
  • Megalabs SA maintains leadership in 2024
PROSPECTS AND OPPORTUNITIES
  • Natural digestive enzyme remedies set to rise
  • Category faces challenges in form of smuggling and counterfeiting
  • Sanitary infrastructure will continue to influence sales and development
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 BOLIVIAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Volume and value growth seen in dermatologicals in 2024
  • Antifungal sales benefit from climate change
  • Laboratorios Droguería heads up a fragmented competitive landscape
PROSPECTS AND OPPORTUNITIES
  • Increased in doctor recommendations to boost sales of skin treatment products
  • Climate change and mosquito proliferation continue to affect skin health
  • Dermatological problems exacerbated by economic deterioration
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 BOLIVIAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Return to pre-pandemic patterns supports growth
  • Wound care sees high levels of price sensitivity and product smuggling
  • 3M Bolivia stays ahead, while local brands benefit from inflation
PROSPECTS AND OPPORTUNITIES
  • Development of specialised wound care for diverse consumer needs
  • First Aid Kits to benefit from promotion of at-home use
  • Growth expected in sports kinesiology wound care products
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 BOLIVIAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Rising demand for vitamins post pandemic
  • Herbalife Bolivia Ltda leads overall vitamins in 2024
  • Vitamin E as key in addressing country's dietary health challenges
PROSPECTS AND OPPORTUNITIES
  • Greater focus on bone health expected, while multivitamins will become more specified
  • Climate change to continue impacting viral diseases
Increased interest in vitamin B and vitamin E
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 BOLIVIAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Dietary supplements sees rising costs and price increases
  • Consumers expect more from non-herbal dietary supplements
  • Integration of digital strategies in direct selling
PROSPECTS AND OPPORTUNITIES
  • Turmeric-based herbal combinations set to expand
  • CBD products may face legal hurdles
  • Tonics to shift further towards specialisation
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 BOLIVIAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Inflation impacts category growth
  • Players compete within highly fragmented landscape
  • Herbalife leads through direct selling and innovation
PROSPECTS AND OPPORTUNITIES
  • Ensure brand faces further challenges from illegal market activity
  • Consumers to continue to shift towards overall healthy lifestyles
  • Players will invest in targeted supplement nutrition drinks for different life stages
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 BOLIVIAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Sports nutrition suffers falling sales in 2024
  • Escalation of smuggling threatens sports nutrition market
  • Omnilife leads overall category and continues to innovate
PROSPECTS AND OPPORTUNITIES
  • Farmacorp will expand further in sports nutrition, as segmentation becomes more prevalent
  • Market likely to remain relatively niche
  • Return to positive growth anticipated for forecast period
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 BOLIVIAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Herbal traditional products enjoys positive growth in 2024
  • Expansion of well-accepted local industry products
  • Evolution of Arocarbol brand and product portfolio
PROSPECTS AND OPPORTUNITIES
  • Rising trend in the use of echinacea for immune support
  • Brands to increase emphasis on natural ingredients
  • Herbal and traditional sleep aids will continue to rise
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 BOLIVIAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Rise in demand for viral illness and RSV impulse paediatric products
  • Innovation drives sales of Antiflu-Des Jr Syrup
  • Decline in demand for paediatric vitamins
PROSPECTS AND OPPORTUNITIES
  • Greater segmentation to be seen during forecast period
  • The impact of under-resourced public health on OTC product growth
  • Nappy rash treatments will remain highly competitive
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