Unsurprisingly, the pandemic has upended consumer shopping habits in health and beauty specialist retailers in Bolivia. Certain categories of pharmaceutical OTC products have experienced exponential growth in demand, notably analgesics, vitamins and supplements; however, supply problems have meant that many retailers were was unable to capitalise on this vigorous demand.
Beauty specialists have seen a bounce in sales In 2021 following the steep decline in demand for these products caused by lockdown in 2020 The gradual easing of many restrictions on socialising and mobility over 2021 has seen consumer activities outside the home normalise, and beauty products are once again on the consumer's radar. Demand for perfumery products has been especially dynamic.
Farmacorp SA is leads the health and beauty specialist retailer category by some distance, and has consistently grown share over the review period. This has been largely driven by its investment in developing new outlets.
Beauty products in Bolivia are anticipated to fully recover and show sustained growth over the forecast period. This will support sustained value growth for health and beauty specialist retailers, and there may even be scope for the development of a more segmented, specialised approach.
The marked trend for shopping at stores in close to home that was driven by pandemic restrictions on transport and consumers working from home created a growth opportunity for drugstores. Most of the new outlets opened in 2021 were small independent stores, rather than larger outlets in urban retail centres.
Over the review period the market has seen growth in health and beauty chains, and a gradual decline in independent businesses. This was halted in 2021, as local operators opened to exploit pandemic restriction, but as the economy reopens, chains look likely to continue their gradual dominance of the category.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Health and Beauty Specialist Retailers industry in Bolivia 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 Bolivia, 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 DefinitionsThis report originates from Passport, our Health and Beauty Specialist Retailers research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!