PROSPECTS AND OPPORTUNITIES
Cross-border purchasing and online platforms intensify competition
Over the forecast period, health and beauty specialists in Singapore will continue to encounter challenges from both overseas purchases and online channels. An ongoing trend involves Singapore consumers buying medications from neighbouring Malaysia, particularly in Johor.
Partnerships boost community health initiatives
Health and beauty retailers in Singapore are also increasingly collaborating with healthcare institutions to broaden their role in public health. In partnership with Singapore’s National Healthcare Group (NHG), prominent pharmacy operators including Guardian, Watsons, and Unity have introduced services aimed at improving access to preventive health counselling.
Direct-to-consumer competition challenges optical goods stores
Optical goods stores in Singapore have benefited from widespread myopia in the local population and the corresponding need for corrective lenses. However, they now face intensifying price competition from direct-to-consumer (D2C) brands that market affordable eyewear through e-commerce platforms.
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Overview:
Understand the latest market trends and future growth opportunities for the Health and Beauty Specialists industry in Singapore 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 Singapore, 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 Singapore 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 Singapore?
- Which are the leading retailers in Health and Beauty Specialists in Singapore?
- 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 Singapore - Category analysis
KEY DATA FINDINGS
Omnichannel strategies broaden consumer engagement
Sephora strengthens its position with innovative technology
Health concerns sustain demand for essential products
Cross-border purchasing and online platforms intensify competition
Partnerships boost community health initiatives
Direct-to-consumer competition challenges optical goods stores
Retail in Singapore - Industry Overview
Retail in 2024: the big picture
Experiential retail as key focus as retailers look to redefine the role of the store
Artificial intelligence drives development
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Lunar New Year
Hari Raya Aidilfitri (or Hari Raya Puasa)
Christmas and New Year
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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