PROSPECTS AND OPPORTUNITIES
Shift in tourism and local consumption a barrier to future recovery
Local consumers are likely to remain price-sensitive heading into the forecast period, which will influence their purchasing decisions, thereby placing further pressure on beauty specialists. In addition, outbound travel to popular destinations such as South Korea or Japan will see a shift in sales of beauty products away from local specialists.
Demand for essential pharmaceutical goods to continue growing over forecast period
Sales of essential medication, traditional Chinese medicines or other products to support health and wellbeing will drive future growth for health and personal care stores over the forecast period. The latter category will remain the most important in terms of driving sales in health and beauty specialists in Hong Kong.
Integrating technology and sustainability concepts to drive interest in beauty products
Consumers in Hong Kong, especially the younger generation, are heavily adopting technology. In an attempt to halt declining sales in the local market, beauty brands such as L’Oréal are increasingly incorporating technology to enhance the shopping experience and increase interaction with customers in their stores or at home.
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Overview:
Understand the latest market trends and future growth opportunities for the Health and Beauty Specialists industry in Hong Kong, China 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 Hong Kong, China, 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 Hong Kong, China 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 Hong Kong, China?
- Which are the leading retailers in Health and Beauty Specialists in Hong Kong, China?
- 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 Hong Kong, China - Category analysis
KEY DATA FINDINGS
Sales decline for health and beauty specialists amid challenging retail landscape
Solid growth for essential pharmaceuticals as consumers continue to prioritise health
AS Watson gains share, supported by various strategies
Shift in tourism and local consumption a barrier to future recovery
Demand for essential pharmaceutical goods to continue growing over forecast period
Integrating technology and sustainability concepts to drive interest in beauty products
Retail in Hong Kong, China - Industry Overview
Retail in 2024: The big picture
Changing consumer behaviour influences spending patterns
E-commerce adoption increases as digital literacy and popularity of channel grows
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
China National Day (also known as Golden Week)
Chinese New Year (Spring Festival)
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.
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