PROSPECTS AND OPPORTUNITIES
Economic recovery will help boost beauty and optical sales
Retail value sales of beauty specialists are set to gradually increase over the forecast period. Local consumers are likely to spend more on premium and even luxury beauty products once prices stabilise and economic certainty returns.
E-commerce and other services will grow alongside physical stores
Health specialists are set to post moderate growth in both outlet numbers and current value sales over the forecast period. E-commerce sales will continue to outperform sales made in physical stores, although this is mainly because it is rising from a low base.
Social media is likely to have major influence on health and beauty retailers
Social media has become a vital element in creating a community of brand-loyal customers and keeping them involved and updated on innovation and developments within the health and beauty industry. Brands are set to improve their engagement to retain interest among young millennials and Generation Z, in particular.
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 Colombia 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 Colombia, 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 Colombia 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 Colombia?
- Which are the leading retailers in Health and Beauty Specialists in Colombia?
- 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 Colombia - Category analysis
KEY DATA FINDINGS
Beauty specialists maintain growth during a challenging year
Pharmacies expand their products and services to attract consumers
New player adds dynamism in pharmacy sector
Economic recovery will help boost beauty and optical sales
E-commerce and other services will grow alongside physical stores
Social media is likely to have major influence on health and beauty retailers
Retail in Colombia - Industry Overview
Retail in 2024: The big picture
Discounters continue expansion to post strong performance
Blending online and offline shopping experiences
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Hot Sale
Back to School
Severance Savings
Valentine’s Day
Women’s Day
Holy Week
Mother’s Day
Father’s Day
Holiday
Primas Payment (extra-legal salary)
Love and Friendship Day
Halloween
Black Friday
Cyber Monday
Christmas and New Year
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!