PROSPECTS AND OPPORTUNITIES
Competition will intensify between beauty specialists as growth continues
Beauty specialists in Saudi Arabia are expected to continue performing well driven by the Kingdom’s Vision 2030, which aims to create professional opportunities for women. The industry will benefit from the expansion of outlets as more operators invest in improving market penetration.
Improvement in operating environment will support pharmacy expansion
The Saudi government intends to invest over US$65 billion in enhancing the nation's healthcare infrastructure. This initiative includes reorganising and privatising health services by increasing the private sector's contribution to the healthcare system from 40% to 65% by 2030.
Innovation will be centred on convenience
Innovation in the health and beauty sector is expected to focus on adding value to services through convenience. In line with current trends, more operators are anticipated to rely on technology to enhance their operations and engage with shoppers.
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Overview:
Understand the latest market trends and future growth opportunities for the Health and Beauty Specialists industry in Saudi Arabia 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 Saudi Arabia, 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 Saudi Arabia 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 Saudi Arabia?
- Which are the leading retailers in Health and Beauty Specialists in Saudi Arabia?
- 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 Saudi Arabia - Category analysis
KEY DATA FINDINGS
Beauty specialist retailers are adapting to evolving consumer needs
Bin Dawood Group acquires Zahrat Al Rawdah pharmacy
Optical goods stores benefit from growing demand among young consumers
Competition will intensify between beauty specialists as growth continues
Improvement in operating environment will support pharmacy expansion
Innovation will be centred on convenience
Retail in Saudi Arabia - Industry Overview
Retail in 2024: The big picture
Mergers and acquisitions reshape the competitive landscape
Retail e-commerce is developing at considerable speed
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Ramadan and Eid-al Fitr
National day
Back to school
White Friday
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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