PROSPECTS AND OPPORTUNITIES
Growth in personalised beauty solutions to add impetus to beauty specialists
Overall, a positive growth performance is projected for health and beauty specialists in terms of retail value (constant 2024 prices) sales and outlet numbers over the forecast period. As in the review period, pharmacies and beauty specialists are likely to see the strongest development and performances.
Pharmacies to benefit from online prescription services and digital platforms
As e-commerce continues to develop and grow as a retail channel in the market, pharmacies, including McKesson Canada’s Rexall portfolio and PJC Jean Coutu, are likely to invest more heavily in their digital platforms. Online prescription services, telehealth options and home delivery are predicted to become critical tools to compete with e-commerce giants and online pharmacies.
Pharmacies as community health hubs
Over the forecast period, pharmacies like Shoppers Drug Mart/Pharmaprix and London Drugs are expected to consolidate their role as community health hubs. With consumers continuing to seek convenient and accessible healthcare services, pharmacies are set to expand their offerings to include a broader range of services, such as telehealth consultations, chronic disease management and preventative care solutions.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Health and Beauty Specialists industry in Canada 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 Health and Beauty Specialists industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Health and Beauty Specialists in Canada report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Health and Beauty Specialists in Canada?
- Which are the leading retailers in Health and Beauty Specialists in Canada?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Health and Beauty Specialists in Canada - Category analysis
KEY DATA FINDINGS
Beauty specialists see a demand for premium products and experiential shopping
Pharmacies expand their services to cover healthcare gaps
Beauty specialists face competition from e-commerce and niche players
Growth in personalised beauty solutions to add impetus to beauty specialists
Pharmacies to benefit from online prescription services and digital platforms
Pharmacies as community health hubs
Retail in Canada - Industry Overview
Retail in 2024: The big picture
Seamless shopping with the rise of omnichannel experiences in retail in 2024
Health and wellness takes centre stage in 2024
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
New Year’s Day
Valentine’s Day
Easter
Mother’s Day
Father’s Day
Canada Day
Back-to-School
Thanksgiving
Halloween
Black Friday
Cyber Monday
Christmas
Boxing Day
DISCLAIMER
The following categories and subcategories are included:
Health and Beauty Specialists
- Beauty Specialists
- Pharmacies
- Optical Goods Stores
- Health and Personal Care Stores
Health and Beauty Specialists
The aggregation of beauty specialists, pharmacies, optical goods stores, and health and personal care stores.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Health and Beauty Specialists research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!