PROSPECTS AND OPPORTUNITIES
E-pharmacies to further penetrate, leading to greater competition for pharmacies
Health and beauty specialists in India is expected to maintain solid growth in both outlet numbers and current value sales throughout the forecast period, with increases for all channels. Although pharmacies is expected to continue to see the strongest growth, the competition is expected to increase.
Offline-online integration to expand reach and coverage
Inflation has instilled a new financial mindset, driving Indian consumers to seek the best deals for their shopping needs in a bid to maximise their budget. As such, shoppers in India are becoming more seasoned in making purchases through both offline and online channels, and understand when to switch from one to the other depending on factors such as price, variety, and convenience.
Expansion of footprint of beauty specialists beyond larger urban areas holds key to driving strong growth
In India, beauty specialists are still more prominent in larger urban areas. Beauty specialists, which is one of the least penetrated non-grocery retail channels in India, offers opportunities for strong growth, driven by outlet expansion, as well as growing aspirational lifestyles and the strong consumer preference for experiential shopping trips, especially for first-time and high involvement beauty purchases.
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Overview:
Understand the latest market trends and future growth opportunities for the Health and Beauty Specialists industry in India 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 India, 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 India 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 India?
- Which are the leading retailers in Health and Beauty Specialists in India?
- 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 India - Category analysis
KEY DATA FINDINGS
Omnichannel presence increasing in beauty specialists
Apollo Pharmacy and Medplus extend their lead in pharmacies, offering stronger competition to independent operators
Optical goods stores witnesses steady growth in demand, driven by evolving lifestyles
E-pharmacies to further penetrate, leading to greater competition for pharmacies
Offline-online integration to expand reach and coverage
Expansion of footprint of beauty specialists beyond larger urban areas holds key to driving strong growth
Retail in India - Industry Overview
Retail in 2024: The big picture
Price, and level of involvement in the buying process are leading parameters when choosing a retail channel
Evolving consumer preferences make an omnichannel presence imperative to drive strong demand
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Diwali season
End of season sale
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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