PROSPECTS AND OPPORTUNITIES
Return of the lipstick effect
In France, health and beauty specialists have long benefited from the “lipstick effect” during economic downturns - a phenomenon vividly demonstrated after the global recession of 2008. In the years following the crisis, while most French consumers made significant sacrifices, beauty and personal care products, regarded as an affordable indulgence akin to chocolate, remained relatively resilient.
Uncertain outlook for pharmacies
The development prospects for French pharmacies appear uncertain, despite a growing consumer interest in health and wellness products. Experts predict more mature growth in traditional OTC categories such as digestive remedies, dermatological products, and notably cold, cough, and analgesic treatments - partly due to global warming and growing distrust of pseudoephedrine and other potentially harmful substances (with even ibuprofen facing increasing scrutiny).
Chains will continue to fare better than independents
In the short term, pharmacy chains such as Evolupharm, Giphar, Leader Santé, Aprium, and Pharmacie Lafayette are expected to forge ahead - driven by acquisitions and new store openings - while the largest independent pharmacies (those generating sales above EUR3 million) will also perform well. By contrast, smaller and medium-sized independents may struggle, and given that France has one of the highest numbers of pharmacies per capita in Europe, this could lead to the closure of many independent outlets in the near future.
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Overview:
Understand the latest market trends and future growth opportunities for the Health and Beauty Specialists industry in France 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 France, 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 France 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 France?
- Which are the leading retailers in Health and Beauty Specialists in France?
- 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 France - Category analysis
KEY DATA FINDINGS
Continued growth for health and beauty specialists, despite sluggish economic context
Slowdown in growth for optical goods stores
Sephora remains leading beauty specialist but new concepts gain ground
Return of the lipstick effect
Uncertain outlook for pharmacies
Chains will continue to fare better than independents
Retail in France - Industry Overview
Retail in 2024: The big picture
Quest for lowest prices across all social classes
New technologies continue to shape retail
Competitive landscape becomes increasingly consolidated, following strategic mergers and acquisitions
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas (Noël)
Back to School (La Rentrée)
Winter and summer sales seasons
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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