PROSPECTS AND OPPORTUNITIES
Health and beauty specialist stores will benefit from wellness trend
Health and beauty specialists is expected to see further value growth over the forecast period. The performance of health and personal care stores is likely to benefit from the ongoing momentum of wellness trends across younger generations of shoppers.
WBeauty is setting the standard for premium beauty stores
In September 2024, Woolworths unveiled its first standalone beauty store at Waterstone Village, marking an important strategic expansion in the beauty sector. The WBeauty store offers a curated shopping experience, featuring a wide range of beauty products and nail treatments.
NHI implementation will drive expansion in pharmacy clinics
In May 2024, South Africa's President signed the National Health Insurance (NHI) Bill into law, marking the most significant transformation in the country's health care system since the end of apartheid. The NHI aims to ensure that all citizens, regardless of socio-economic status, have access to quality health care services.
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Overview:
Understand the latest market trends and future growth opportunities for the Health and Beauty Specialists industry in South Africa 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 South Africa, 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 South Africa 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 South Africa?
- Which are the leading retailers in Health and Beauty Specialists in South Africa?
- 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 South Africa - Category analysis
KEY DATA FINDINGS
Beauty specialists diversifying offerings in response to competition
More pharmacies are embracing digitalisation
Clicks consolidates lead despite regulatory challenges
Health and beauty specialist stores will benefit from wellness trend
WBeauty is setting the standard for premium beauty stores
NHI implementation will drive expansion in pharmacy clinics
Retail in South Africa - Industry Overview
Retail in 2024: The big picture
Competition intensifies, leading to a more consolidated market
SARS introduces new regulation for cross-border e-commerce
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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