Health and beauty specialists registered current value growth in 2021, though constant value sales actually fell. Spending was lower as consumers were less concerned about COVID-19 and spent less on health products as a result.
Beauty specialist retailers had a strong rebound in 2021, after a dismal trading year in 2020, when there was a double-digit decline in value sales. With outlets fully opened once again, customers could browse and shop in brick-and-mortar outlets.
Health and beauty specialists will register moderate value and volume growth over the forecast period. Beauty specialist will register the higher growth, as with society opening up, consumers will be keen to spend money on beauty products once again.
There is substantial opportunity for health and beauty specialist retailers that are more clearly aligned with preventative health trends over the forecast period. Unsurprisingly, consumer health awareness has accelerated due to the pandemic, with consumers looking to improve their health in the most ‘natural’ way possible.
In light of the pandemic, the health and wellness trend is expected to gather pace over the forecast period, as is increasing concerns about protecting the environment. This will lead beauty and personal care and consumer health to see a trend towards more natural, organic and clean ingredients, as well as demand for local products.
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Understand the latest market trends and future growth opportunities for the Health and Beauty Specialist Retailers industry in Dominican Republic 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 Dominican Republic, 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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