Health and beauty specialist retailers suffered a significant drop in current value growth in 2020. With high inflation, due to the economic fallout of COVID-19, consumers experienced a decline in purchasing power and were increasingly price sensitive as a result.
Though health and beauty specialist retailers did not perform well in 2020, the product area recorded substantial growth over the review period. Rising health-awareness amongst Algerian consumers led to this growth and with COVID-19 further increasing consumers’ concern around health, there is growing interest in preventative health measures and self-medication.
HeleneB will remain the leading player in health and beauty specialist retailers in value terms in 2021. It is an established beauty specialist retailer, which uses franchising to expand its presence throughout the country.
Over the forecast period, health and beauty specialist retailers will witness sustained growth as the COVID-19 pandemic has further put the spotlight on health and preventative meaning demand will continue. Also, as people can now socialise again, consumers will spend more money on make-up and other cosmetic products.
Although growth will remain in double-digits, growth will be somewhat dampened by the declining middle-income population, driven by a flagging economy. Chemists/pharmacies are expected to struggle, as expenditure on pharmaceutical products and medical appliances is predicted to decline.
Beauty specialist retailers will continue to see the strongest current value growth over the forecast period. This will mainly be due to rising urbanisation and changing lifestyle trends.
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Understand the latest market trends and future growth opportunities for the Health and Beauty Specialist Retailers industry in Algeria 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 Specialist Retailers industry in Algeria, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is the aggregation of chemists/pharmacies, drugstores/parapharmacies, beauty specialist retailers, optical goods stores and other healthcare specialist retailers.See All of Our Definitions
This report originates from Passport, our Health and Beauty Specialist Retailers research and analysis database.
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