LONDON, Feb 9, 2016 /PRNewswire/ --
Summary
Over the next five years, the UK health and beauty market will be
driven by product innovation, consumers becoming more interested in
their looks and health, rising obesity and an ageing population.
Product advancements like multi-purpose skincare and cosmetics, and
medicinal ingredients used more in health and beauty products will
aid the market to grow by over 23.0% by 2020.
Key Findings
- Understand which categories within health and beauty will perform
the best and offer the most opportunities, using our expenditure
forecasts to 2020
- Use our market share and channels of distribution forecasts to
find out which retailers and channels pose the biggest threat
- Discover our quarterly forecasts to Q4 2017 by sector, to
understand short term growth trends and how inflation and volumes
will impact the market
- Identify the market drivers and inhibitors, and implement our
strategies to improve sales and maximize opportunities in this
price competitive sector
Synopsis
Inflation will be driven by the premium end of the market as
smaller retailers and beauty brands use innovation to justify
higher price points. Moreover, beauty brands will encourage
additional spend by introducing newness more regularly - enticing
shoppers to impulse purchase.
Intense competition by the grocers and discounters in everyday
items such as toothpaste and handwash will impact expenditure as
prices are forced to stay low. Though volumes will continue to
increase as shoppers are enticed to bulk buy products via
promotions and discounts.
With the highest population growth in the next five years, yet
the lowest spend per head, the 65+s must be better targeted via
specialist product and tailored services and marketing. Retailers
will continue to miss out on incremental spend unless they drive up
basket size and the frequency of shopping trips from this consumer
group.
Reasons To Buy
- What is the health and beauty market size and how will it develop
over the next five years? What is driving and inhibiting consumer
spend?
- Which channels have performed the best, and which channels
will see their share of the market decline over the next five
years?
- How will the specialists perform against the grocers and
general merchandisers in the next five years?
- What is the fastest growing health and beauty sector and why?
How should retailers better tap into this market and take advantage
of rising spend?
Download the full report:
https://www.reportbuyer.com/product/3599820/
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visit:http://www.prnewswire.com/news-releases/health-and-beauty-in-the-uk--verdict-sector-report-300217428.html
SOURCE ReportBuyer