PROSPECTS AND OPPORTUNITIES
Changing demographics increase innovation opportunities for beauty specialists
Beauty specialists is expected to post a positive performance over the forecast period, supported by an increase in outlets, new brand arrivals, and increasingly, the emergence of new trends. As migration in Chile has increased in recent years, new consumer needs have been created, with various responses being developed by beauty specialists, from increasing the offer of products that respond to various hair textures and skin tones, to better training for sales staff regarding the uses and benefits of such products.
Positive outlook for pharmacies, with space for greater innovation and leveraging of data
Over the forecast period, pharmacies is predicted to record a strong performance, in both outlet and value growth terms. In particular, outlet numbers will be supported by efforts from the likes of Dr Simi (Farmacias de Similares Chile SA), which continued to expand its network of stores at the end of the review period, and post strong sales growth.
Ageing population is opportunity for players to increase services and products
Over the forecast period, the population in Chile is expected to continue ageing, with fertility on the decline, highlighting the need to increase access and support for this expanding demographic. At the end of the review period, there were few government or private programmes in place to support this vulnerable population and the health needs of this particular group.
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Overview:
Understand the latest market trends and future growth opportunities for the Health and Beauty Specialists industry in Chile 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 Chile, 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 Chile 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 Chile?
- Which are the leading retailers in Health and Beauty Specialists in Chile?
- 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 Chile - Category analysis
KEY DATA FINDINGS
Resilient beauty specialists continues to enjoy solid growth in Chile
Improvements for pharmacies, but pressure from informal market still concerns players
Farmacias Cruz Verde remains top of mind for local consumers of pharmacies
Changing demographics increase innovation opportunities for beauty specialists
Positive outlook for pharmacies, with space for greater innovation and leveraging of data
Ageing population is opportunity for players to increase services and products
Retail in Chile - Industry Overview
Retail in 2024: The big picture
E-commerce goes from strength to strength in Chile
Informality and insecurity still top-of-mind issues for retailers and consumers
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas and New Year
Back to School
Independence 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.
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