About Health and Beauty Retailing
Health and wonder comprises a spread of products, like makeup, fragrances, sunscreen, hair care and coloring products, toothpaste, and products for bathing, nail care, and shaving. Advantage of using beauty products rather than physical health, enhance our appearance, it helps to improve our mood, and boost our self-esteem. They can also help to exhibit personal style,like, are a crucial means of social expression.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Health and Beauty Retailing market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Nykaa (India), L’Oréal S.A. (France), Unilever (United Kingdom), A.S Watson (Hong Kong), Douglas Holding (Germany), Sephora (France), Beauty Alliance (Germany), Walgreens Boots (United States), DM-Drogerie Markt (Germany), Yves Rocher (France) and The Body Shop (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Health and Beauty Retailing market by Type (Vegan, Organic and Inorganic) and Region.
On the basis of geography, the market of Health and Beauty Retailing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Health and Beauty Retailing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Skincare/Sun Care will boost the Health and Beauty Retailing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Gender, the sub-segment i.e. Men will boost the Health and Beauty Retailing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Governments of various countries, along with private organizations, is undertaking several initiatives to spread awareness about the importance of feminine and personal hygiene.
Market Growth Drivers:
Rising demands for personal care and beauty products
Challenges:
Paying attention towards online presence
Restraints:
Side effects of some products and High cost associated with beauty retailing
Opportunities:
Increasing beauty consciousness among individuals, the influence of social media, and inflating income levels are increasing the preference for customized, organic, and premium product variants.
Market Leaders and their expansionary development strategies
In December 2023, BIA Brands acquires skincare startup TrueKind. The acquisition of TrueKind is a key step in BIA Brands’ journey towards diversifying our offerings and venturing into the Beauty and Personal Care space. It embodies our goal to enhance our global reach and introduce innovative products.
In November 2021, More than half, 56%, of consumers will spend more on health product this holiday as compared to last year, with more men than women hitting the health product aisles. Consumers also plan to spend more on groceries this season, about 22% more compared to last year, followed by fashion (18% more than 2020).
Key Target Audience
Manufacturers, Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.