Health and beauty specialists registered current value growth in 2021, though constant value sales actually fell. This was largely due to a fall in spending in chemists/pharmacies, which is the largest product area.
Parapharmacy chain Coboe (under the Farmashop brand) continued to be the leading player among health and beauty specialists in 2021 and has been consistently gaining value share over the review period. The leading chain expanded the number of product categories sold to increase value sales, as it is restricted in terms of number of outlets, as there is a regulation that a particular chain’s stores cannot exceed 10% of total outlets.
Second placed was San Roque. San Roque remains a strong player in drugstores/parapharmacies.
Health and beauty specialists will register healthy value and volume growth over the forecast period. Beauty specialists will register the higher growth, as with society opening up, consumers will be keen to spend money on beauty products once again.
Drugstores/parapharmacies have been continuously stealing value share from chemists/pharmacies over the review period and by 2023 it is expected that drugstores/parapharmacies will pass out chemists/pharmacies in terms of value sales. The reason for the strong growth will be that drugstores/pharmacies are expanding their offerings beyond medicine and consumer-health in order to increase value sales, as they are restricted in terms of number of outlets.
E-commerce received a fuel infection from the pandemic in 2020 and while value growth was not as high in 2021, it was still substantial. This healthy growth will continue over the forecast period, as players reap the benefits from the online infrastructure they put in place during the lockdowns and consumers increasingly feel more confident about online shopping, due to improved logistics and secure payment options.
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 Uruguay 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 Uruguay, 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.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!