PROSPECTS AND OPPORTUNITIES
New entrants are expected, increasing competition across the forecast period
Retail sales are set to rise at a current value CAGR of 4% (2024 constant value CAGR of 1%) over the forecast. Muller, a well-known German drugstore brand, is set to enter the Slovak retail market in 2025 after registering a separate business entity in June 2024.
Consumer buying habits are set to adapt as VAT increases are implemented
Beauty specialists will be significantly affected by the government’s decision to increase the value-added tax (VAT) by 3% in 2025, bringing it to 23% effective January 2025. This change is likely to encourage consumers to shop internationally, engage in cross-border purchases, and buy more from duty-free outlets while travelling, all in an effort to find better value for their money and reduce costs on non-essential products.
Automation in pharmacies may improve the customer shopping experience
The automation of pharmacies helps reduce workload and improves inventory management. Enhancing store efficiency and speeding up customer service are features worth exploring.
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Overview:
Understand the latest market trends and future growth opportunities for the Health and Beauty Specialists industry in Slovakia 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 Slovakia, 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 Slovakia 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 Slovakia?
- Which are the leading retailers in Health and Beauty Specialists in Slovakia?
- 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 Slovakia - Category analysis
KEY DATA FINDINGS
As consumers prioritise essentials, pharmacies perform well in 2024
A decrease in common illnesses leads to lower growth for pharmacies
Pharmacy chains lead the competitive landscape as Dr Max Holding retains its lead
New entrants are expected, increasing competition across the forecast period
Consumer buying habits are set to adapt as VAT increases are implemented
Automation in pharmacies may improve the customer shopping experience
Retail in Slovakia - Industry Overview
Retail in 2024: The big picture
Retailers offer added-benefits, deals and discounts to drive sales
Leading players focus on consolidation to prioritise efficiency
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Easter
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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