PROSPECTS AND OPPORTUNITIES
Beauty specialists to benefit from economic recovery and local sourcing
Economic stabilisation will support stronger performance among beauty specialists, particularly those operating chain stores. Consumers will increasingly prioritise product authenticity, which will benefit retailers with established reputations.
Pharmacies to remain resilient as essential providers
Pharmacies are expected to maintain strong growth as essential service providers. Continued population growth, along with improved access to B2B funding and innovative payment solutions – such as those facilitated by Moniepoint – will help pharmacies manage inventory and strengthen consumer trust.
Health and wellness trend to drive supplement sales
Rising awareness of preventive healthcare is expected to fuel demand for vitamins and supplements. The strategic partnership between Ever Hale Living and Body Reset International exemplifies how international collaborations are responding to this trend, aiming to improve access to wellness products across Nigeria.
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Overview:
Understand the latest market trends and future growth opportunities for the Health and Beauty Specialists industry in Nigeria 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 Nigeria, 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 Nigeria 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 Nigeria?
- Which are the leading retailers in Health and Beauty Specialists in Nigeria?
- 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 Nigeria - Category analysis
KEY DATA FINDINGS
Beauty specialists pressured by weak economy and currency depreciation
Pharmacies expand amid deteriorating public healthcare
Medplus strengthens leadership through sustainability and growth
Beauty specialists to benefit from economic recovery and local sourcing
Pharmacies to remain resilient as essential providers
Health and wellness trend to drive supplement sales
Retail in Nigeria - Industry Overview
Retail in 2024: The big picture
Small grocers continue to dominate despite expansion in chained stores
Technology continues to transform the retail landscape
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Back to School
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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