PROSPECTS AND OPPORTUNITIES
Consumers will prioritise natural and sustainable products as pharmacies continues to rise
Health and beauty specialists will benefit from persistently rising interest in cosmetics and personal care products throughout the forecast period, boosted by the expansion of categories like sun care and fragrances. Mexican consumers are increasingly insistent that such products are both natural and sustainable, with the majority opting for variants that contain ingredients aligned with both natural and eco-friendly trends.
Pharmacy Farmacias del Ahorro set to launch fintech in 2025
After acquiring the financial company Tu Dinero Digital (TUDI), Farmacias del Ahorro is about to begin its incursion into the fintech world by offering its users Cuenta Monedero - a platform which will allow users to make deposits, transfers, service payments and even cash withdrawals. This acquisition, which was made in 2023 but finalised to begin operations more recently, will help to expand the services the player offers through its loyalty system (Monedero del Ahorro), whereby customers can obtain rewards for future purchases at its branches, in addition to discounts at affiliated establishments.
Grupo Axo to bring cosmetics store Ulta Beauty to Mexico, while e-commerce expands
Apparel and footwear specialist conglomerate Grupo Axo will bring Ulta Beauty, a US-based cosmetics store, to Mexico in 2025. This joint venture between the two companies comes after steady growth and will consist in an asset-light approach to expanding the business that allows Ulta to move quickly on the initiative.
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Overview:
Understand the latest market trends and future growth opportunities for the Health and Beauty Specialists industry in Mexico 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 Mexico, 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 Mexico 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 Mexico?
- Which are the leading retailers in Health and Beauty Specialists in Mexico?
- 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 Mexico - Category analysis
KEY DATA FINDINGS
Pharmacies enjoys growth in revenue and outlets in 2024
Domestic and multinational beauty specialists complement each other
GNC invests in AI platforms to optimise supply chain
Consumers will prioritise natural and sustainable products as pharmacies continues to rise
Pharmacy Farmacias del Ahorro set to launch fintech in 2025
Grupo Axo to bring cosmetics store Ulta Beauty to Mexico, while e-commerce expands
Retail in Mexico - Industry Overview
Retail in 2024: The big picture
Artificial intelligence spearheads innovation in Mexico’s retail landscape
Investing in omnichannel capabilities is key for success
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas Season
Back to School
Hot Sale
Buen Fin
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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