Retail constant value sales of dermatologicals will begin to recover in 2022 and expand across the forecast period as a whole. This growth will come against a difficult economic background, particularly during the early part of the forecast period: The rate of inflation in Spain surged during 2022, amid spikes in energy and food costs, and this is making many local consumers more price sensitive.
After many years of Spain’s birth rate declining consistently as the unfavourable socioeconomic situation in the country has discouraged young people from starting families, there has been significant pressure on demand for dermatologicals that target babies and young children as the end consumer base. Even with successive Spanish governments having focused heavily on developing the pre-conditions for strong and meaningful development of the Spanish economy, the COVID-19 situation has undermined the efforts of many small businesses and consumers to improve their financial positions.
In an extension of a trend that was evident in Spain throughout the review period, the forecast period is expected to see sales of dermatologicals face strong competition from skin care and other products categorised under beauty and personal care, specifically high-priced products with a dermatological or cosmeceutical positioning. While many of these premium products are considered to be quite high-priced in comparison with other beauty and personal care items, they are often a cheaper option than dermatologicals, which are subject to and thus entail higher operating costs for the companies and brands behind them.
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Understand the latest market trends and future growth opportunities for the Medicated Skin Care industry in Spain 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 Medicated Skin Care industry in Spain, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Medicated Skin Care
Includes topical standard and herbal/traditional medicated products used to alleviate symptoms or treat skin or hair ailments. Exclude any systemic (oral) options to treat skin conditions or diseases.
See All of Our DefinitionsThis report originates from Passport, our Medicated Skin Care research and analysis database.
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