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Consumer Health in Chile

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Because of the economic repercussions of the pandemic, most consumers' disposable incomes have reduced, leading to modifications in their decision-making process. The peaking unemployment rate of 10.5%, combined with a real GDP drop of 6% in 2020 have pushed consumers to maximise their budgets and look for cost-effective essential products. Although price is therefore a key feature in Chileans' minds, consumer health products have benefited from the fact that consumers are seeking to reinforce t...

Euromonitor International's Consumer Health in Chile report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2016-2020, allowing you to identify the sectors driving growth. Forecasts to 2025 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
Product Code: CHCL

TABLE OF CONTENTS

List Of Contents And Tables

EXECUTIVE SUMMARY

Consumer health in 2021: The big picture 2021 key trends Competitive landscape Retailing developments What next for consumer health?

MARKET INDICATORS

Table 1 Consumer Expenditure on Health Goods and Medical Services: Value 2016-2021 Table 2 Life Expectancy at Birth 2016-2021

MARKET DATA

Table 3 Sales of Consumer Health by Category: Value 2016-2021 Table 4 Sales of Consumer Health by Category: % Value Growth 2016-2021 Table 5 NBO Company Shares of Consumer Health: % Value 2017-2021 Table 6 LBN Brand Shares of Consumer Health: % Value 2018-2021 Table 7 Penetration of Private Label in Consumer Health by Category: % Value 2016-2021 Table 8 Distribution of Consumer Health by Format: % Value 2016-2021 Table 9 Distribution of Consumer Health by Format and Category: % Value 2021 Table 10 Forecast Sales of Consumer Health by Category: Value 2021-2026 Table 11 Forecast Sales of Consumer Health by Category: % Value Growth 2021-2026

APPENDIX

OTC registration and classification Vitamins and dietary supplements registration and classification Self-medication/self-care and preventive medicine Switches

DISCLAIMER

DEFINITIONS

SOURCES

Summary 1 Research Sources

ANALGESICS IN CHILE

KEY DATA FINDINGS

2021 DEVELOPMENTS

Performance of analgesics capped by slow repurchase rate Trusted public sources influence local consumers Greater awareness of active ingredients benefits bioequivalents and generics

PROSPECTS AND OPPORTUNITIES

Slow pace of recovery is expected, linked to sanitary restrictions in the short term Herbal/traditional products expected to rise as a preferred alternative Multinationals' domain could be disrupted by private label and bioequivalents

CATEGORY DATA

Table 12 Sales of Analgesics by Category: Value 2016-2021 Table 13 Sales of Analgesics by Category: % Value Growth 2016-2021 Table 14 NBO Company Shares of Analgesics: % Value 2017-2021 Table 15 LBN Brand Shares of Analgesics: % Value 2018-2021 Table 16 Forecast Sales of Analgesics by Category: Value 2021-2026 Table 17 Forecast Sales of Analgesics by Category: % Value Growth 2021-2026

COUGH, COLD AND ALLERGY (HAY FEVER) REMEDIES IN CHILE

KEY DATA FINDINGS

2021 DEVELOPMENTS

More mobility to improve sales of antihistamines/allergy remedies Reduced seasonal viral exposure limits growth in cough remedies once again Medicated confectionery benefits from intermittent loosening of sanitary restrictions

PROSPECTS AND OPPORTUNITIES

Paediatric remedies to recover, leveraging the return to in-person schooling Proven efficient and cost-effective solutions valued Natural ingredients continue to attract consumers

CATEGORY DATA

Table 18 Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: Value 2016-2021 Table 19 Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: % Value Growth 2016-2021 Table 20 NBO Company Shares of Cough, Cold and Allergy (Hay Fever) Remedies: % Value 2017-2021 Table 21 LBN Brand Shares of Cough, Cold and Allergy (Hay Fever) Remedies: % Value 2018-2021 Table 22 Forecast Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: Value 2021-2026 Table 23 Forecast Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: % Value Growth 2021-2026

DIGESTIVE REMEDIES IN CHILE

KEY DATA FINDINGS

2021 DEVELOPMENTS

Slight recovery hampered by the reduction in social occasions The rising importance of preventative digestive health Consumer preferences impact different categories

PROSPECTS AND OPPORTUNITIES

Pathologies and social normalisation set to ensure higher demand Healthier habits imply cross-category and cross-industry competition Short-term performance could be affected by socioeconomic evolution

CATEGORY DATA

Table 24 Sales of Digestive Remedies by Category: Value 2016-2021 Table 25 Sales of Digestive Remedies by Category: % Value Growth 2016-2021 Table 26 NBO Company Shares of Digestive Remedies: % Value 2017-2021 Table 27 LBN Brand Shares of Digestive Remedies: % Value 2018-2021 Table 28 Forecast Sales of Digestive Remedies by Category: Value 2021-2026 Table 29 Forecast Sales of Digestive Remedies by Category: % Value Growth 2021-2026

DERMATOLOGICALS IN CHILE

KEY DATA FINDINGS

2021 DEVELOPMENTS

Antifungals see stronger growth due to outdoor activity Growth in antipruritics is prevented by increase in specialist consultations Hair care categories drive growth, boosted by stress and anxiety

PROSPECTS AND OPPORTUNITIES

Habit persistence will boost forecast growth for antifungals Rising overweight population due to the pandemic could imply higher demand Beiersdorf increases its relevance due to higher brand awareness

CATEGORY DATA

Table 30 Sales of Dermatologicals by Category: Value 2016-2021 Table 31 Sales of Dermatologicals by Category: % Value Growth 2016-2021 Table 32 NBO Company Shares of Dermatologicals: % Value 2017-2021 Table 33 LBN Brand Shares of Dermatologicals: % Value 2018-2021 Table 34 LBN Brand Shares of Hair Loss Treatments: % Value 2018-2021 Table 35 Forecast Sales of Dermatologicals by Category: Value 2021-2026 Table 36 Forecast Sales of Dermatologicals by Category: % Value Growth 2021-2026

SLEEP AIDS IN CHILE

KEY DATA FINDINGS

2021 DEVELOPMENTS

Increasing awareness of improving sleep habits Mental health is one of the areas most impacted by the pandemic OTC sleep aids are the entry to mental healthcare

PROSPECTS AND OPPORTUNITIES

Preventative mindset and stress reduction activities will impact long-term scenario Natural ingredients boost alternative options Product portfolio expansion to alternatives to build customer loyalty

CATEGORY DATA

Table 37 Sales of Sleep Aids: Value 2016-2021 Table 38 Sales of Sleep Aids: % Value Growth 2016-2021 Table 39 NBO Company Shares of Sleep Aids: % Value 2017-2021 Table 40 LBN Brand Shares of Sleep Aids: % Value 2018-2021 Table 41 Forecast Sales of Sleep Aids: Value 2021-2026 Table 42 Forecast Sales of Sleep Aids: % Value Growth 2021-2026

EYE CARE IN CHILE

KEY DATA FINDINGS

2021 DEVELOPMENTS

Screen time rockets due to COVID-19 Allergy eye care continues its negative path Air pollution keeps affecting Chileans' eye health

PROSPECTS AND OPPORTUNITIES

Increasing awareness of herbal and natural solutions Target consumer base will expand as the population is ageing Eye care alternatives such as dietary supplements have room for growth

CATEGORY DATA

Table 43 Sales of Eye Care by Category: Value 2016-2021 Table 44 Sales of Eye Care by Category: % Value Growth 2016-2021 Table 45 NBO Company Shares of Eye Care: % Value 2017-2021 Table 46 LBN Brand Shares of Eye Care: % Value 2018-2021 Table 47 Forecast Sales of Eye Care by Category: Value 2021-2026 Table 48 Forecast Sales of Eye Care by Category: % Value Growth 2021-2026

WOUND CARE IN CHILE

KEY DATA FINDINGS

2021 DEVELOPMENTS

Domestic accidents continue improving the performance of adhesive bandages Home seclusion leads to home cooking and increases burns in Chile Rising cases of diabetes increase demand for wound care

PROSPECTS AND OPPORTUNITIES

Performance linked to sanitary restriction policies Private label lines expand portfolios through products to treat specific injuries Competitive landscape expected to remain unchanged

CATEGORY DATA

Table 49 Sales of Wound Care by Category: Value 2016-2021 Table 50 Sales of Wound Care by Category: % Value Growth 2016-2021 Table 51 NBO Company Shares of Wound Care: % Value 2017-2021 Table 52 LBN Brand Shares of Wound Care: % Value 2018-2021 Table 53 Forecast Sales of Wound Care by Category: Value 2021-2026 Table 54 Forecast Sales of Wound Care by Category: % Value Growth 2021-2026

VITAMINS IN CHILE

KEY DATA FINDINGS

2021 DEVELOPMENTS

Consumers seek immunity as a preferred preventative solution Seasonal sales have not yet reached the pre-pandemic peak Vitamin D takes centre stage for growth amongst single vitamins

PROSPECTS AND OPPORTUNITIES

Competition will keep intensifying Consumers will be interested in better value for money deals Online acceleration could benefit vitamins and dietary supplements repurchases

CATEGORY DATA

Table 55 Sales of Vitamins by Category: Value 2016-2021 Table 56 Sales of Vitamins by Category: % Value Growth 2016-2021 Table 57 Sales of Multivitamins by Positioning: % Value 2016-2021 Table 58 NBO Company Shares of Vitamins: % Value 2017-2021 Table 59 LBN Brand Shares of Vitamins: % Value 2018-2021 Table 60 Forecast Sales of Vitamins by Category: Value 2021-2026 Table 61 Forecast Sales of Vitamins by Category: % Value Growth 2021-2026

DIETARY SUPPLEMENTS IN CHILE

KEY DATA FINDINGS

2021 DEVELOPMENTS

Greater awareness boosts category performance Non-herbal products maintain a solid performance within dietary supplements Dietary supplements intake accelerates due to COVID-19

PROSPECTS AND OPPORTUNITIES

Omnichannel presence will remain key to continue growing in the mid term Smaller store-based players likely to recover at a better pace General health and multifunctionality stick out as demand drivers

CATEGORY DATA

Table 62 Sales of Dietary Supplements by Category: Value 2016-2021 Table 63 Sales of Dietary Supplements by Category: % Value Growth 2016-2021 Table 64 Sales of Dietary Supplements by Positioning: % Value 2016-2021 Table 65 NBO Company Shares of Dietary Supplements: % Value 2017-2021 Table 66 LBN Brand Shares of Dietary Supplements: % Value 2018-2021 Table 67 Forecast Sales of Dietary Supplements by Category: Value 2021-2026 Table 68 Forecast Sales of Dietary Supplements by Category: % Value Growth 2021-2026

WEIGHT MANAGEMENT AND WELLBEING IN CHILE

KEY DATA FINDINGS

2021 DEVELOPMENTS

Direct sellers strengthen their positions during the pandemic Preventative health accelerates the interest in meal replacement Expanding consumer scope keeps driving growth for supplement nutrition drinks

PROSPECTS AND OPPORTUNITIES

Focus on long-term solutions may reverberate through weight loss products Omnichannel strategies will remain key growth drivers for the category

CATEGORY DATA

Table 69 Sales of Weight Management and Wellbeing by Category: Value 2016-2021 Table 70 Sales of Weight Management and Wellbeing by Category: % Value Growth 2016-2021 Table 71 NBO Company Shares of Weight Management and Wellbeing: % Value 2017-2021 Table 72 LBN Brand Shares of Weight Management and Wellbeing: % Value 2018-2021 Table 73 Forecast Sales of Weight Management and Wellbeing by Category: Value 2021-2026 Table 74 Forecast Sales of Weight Management and Wellbeing by Category: % Value Growth 2021-2026

SPORTS NUTRITION IN CHILE

KEY DATA FINDINGS

2021 DEVELOPMENTS

Sports nutrition reactivates as sanitary restrictions start to ease Protein/energy bars continues to gain ground as these are seen as a healthy snack Niche positioning and deteriorated purchasing power impact sports protein powder

PROSPECTS AND OPPORTUNITIES

Convenient and on-the-go formats continue to expand sports nutrition portfolios Omnichannel presence will be a key growth driver for sports nutrition Opportunity for plant-based proteins

CATEGORY DATA

Table 75 Sales of Sports Nutrition by Category: Value 2016-2021 Table 76 Sales of Sports Nutrition by Category: % Value Growth 2016-2021 Table 77 NBO Company Shares of Sports Nutrition: % Value 2017-2021 Table 78 LBN Brand Shares of Sports Nutrition: % Value 2018-2021 Table 79 Forecast Sales of Sports Nutrition by Category: Value 2021-2026 Table 80 Forecast Sales of Sports Nutrition by Category: % Value Growth 2021-2026

HERBAL/TRADITIONAL PRODUCTS IN CHILE

KEY DATA FINDINGS

2021 DEVELOPMENTS

Consumer awareness of preventative health boosts herbal/traditional products Herbal ingredients boost portfolio expansion Herbal/traditional solutions for stress reduction skyrocket due to COVID-19

PROSPECTS AND OPPORTUNITIES

Convenience and proximity to drive growth for modern channels Direct sellers will keep growing thanks to a resilient business model Natural ingredients will continue to be of interest to consumers

CATEGORY DATA

Table 81 Sales of Herbal/Traditional Products by Category: Value 2016-2021 Table 82 Sales of Herbal/Traditional Products by Category: % Value Growth 2016-2021 Table 83 NBO Company Shares of Herbal/Traditional Products: % Value 2017-2021 Table 84 LBN Brand Shares of Herbal/Traditional Products: % Value 2018-2021 Table 85 Forecast Sales of Herbal/Traditional Products by Category: Value 2021-2026 Table 86 Forecast Sales of Herbal/Traditional Products by Category: % Value Growth 2021-2026

PAEDIATRIC CONSUMER HEALTH IN CHILE

KEY DATA FINDINGS

2021 DEVELOPMENTS

Performance closely related to return to face-to-face classes in schools Parents turn to vitamins and dietary supplements, seeking prevention Bion strengthens its competitive position through aggressive price promotions

PROSPECTS AND OPPORTUNITIES

Vitamins and dietary supplements has promising forecast due to vitamin deficiencies Medical/professional advice/recommendations will continue to drive growth Forecast performance will be capped by lower birth rate

CATEGORY DATA

Table 87 Sales of Paediatric Consumer Health by Category: Value 2016-2021 Table 88 Sales of Paediatric Consumer Health by Category: % Value Growth 2016-2021 Table 89 Sales of Paediatric Vitamins and Dietary Supplements by Type: % Value 2016-2021 Table 90 NBO Company Shares of Paediatric Consumer Health: % Value 2017-2021 Table 91 LBN Brand Shares of Paediatric Consumer Health: % Value 2018-2021 Table 92 Forecast Sales of Paediatric Consumer Health by Category: Value 2021-2026 Table 93 Forecast Sales of Paediatric Consumer Health by Category: % Value Growth 2021-2026