PROSPECTS AND OPPORTUNITIES
Aggressive expansion plans to fuel health and beauty specialists
A strong retail value (constant 2024 prices) CAGR is projected for beauty specialists over the forecast period. This performance is set to be underpinned by the robust health and beauty trend and the opening of new outlets, not least in upmarket locations, For example, another luxury shopping mall, Merdeka 118, is scheduled to welcome customers in 2025, with large retail space allocated for beauty specialists.
Watson’s is set to build its premium concept stores portfolio
Various leading health and personal care stores brands, led by Watsons and Guardian, are anticipated to see outlet development and expansion in the forecast period. Positioned as a major category within health and beauty specialists, Watson's is set to continue with its aggressive expansion plan in health and personal care stores.
Retailers need to heed health and “Korean wave” movements to tap into more niche beauty trends
The trend for halal beauty products is expected to continue to develop over the forecast period. Players are also likely to focus on other claims and certifications to differentiate their offer from the competition, such as natural, organic, sustainable and cruelty-free, for example.
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Overview:
Understand the latest market trends and future growth opportunities for the Health and Beauty Specialists industry in Malaysia 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 Malaysia, 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 Malaysia 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 Malaysia?
- Which are the leading retailers in Health and Beauty Specialists in Malaysia?
- 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 Malaysia - Category analysis
KEY DATA FINDINGS
Health and beauty specialists continue to ride the wave of health- and beauty-conscious Malaysians
Pharmacies see growth opportunities through outlet expansion and renewed consumer mobility
Guardian unveils experiential shopping experience through the redesign of its flagship store
Aggressive expansion plans to fuel health and beauty specialists
Watson’s is set to build its premium concept stores portfolio
Retailers need to heed health and “Korean wave” movements to tap into more niche beauty trends
Retail in Malaysia - Industry Overview
Retail in 2024: The big picture
Expansion plans and price competition intensify the landscape
Players look to technology and experiential shopping to gain a competitive edge
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Chinese New Year
Hari Raya Aidilfitri
Deepavali
Christmas
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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