New Market Research Report: Health and Beauty Specialist Retailers in Spain

2015 saw consolidation following a small decline in 2014, with current value growth of less than 1%. The recovery seen in the Spanish economy was key to explaining the better results seen in all categories. However, it was the current value growth seen in drugstores/parapharmacies that was behind the recovery of the category.

Competitive Landscape

Health and beauty specialist retailers remains fragmented in Spain as the importance of independent outlets is high. This is linked to the fact that by law chemists/pharmacies cannot be part of a chain in Spain. A special license is required from the authorities before someone can open a chemists/pharmacies outlet. The opening of these outlets is strictly regulated according to various considerations, such as the population in the outlet’s catchment area and its distance from other chemists/pharmacies outlets.

Industry Prospects

An improvement in Spain’s economic indicators will be crucial to the performance of health and beauty specialist retailers in Spain during the forecast period. The latest estimates published by international institutions such as the IMF and the OECD predict a recovery in the Spanish economy over the forecast period. In fact, according to the Ministry of Health, by 2018 Spanish disposable income should recover to the level seen in 2007. A recovery in the disposable income of consumers should result in Spaniards increasing their spending on health and beauty products. This would clearly benefit the sales of health and beauty specialist retailers, with the category predicted to increase at a constant 2015 value CAGR of 1% over the forecast period.

Full Report Details at
- http://www.fastmr.com/prod/1113498_health_beauty_specialist.aspx?afid=301

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Health and Beauty Specialist Retailers industry in Spain with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Health and Beauty Specialist Retailers industry in Spain, our research will save you time and money while empowering you to make informed, profitable decisions.

The Health and Beauty Specialist Retailers in Spain market research report includes:

* Analysis of key supply-side and demand trends
* Detailed market shares for international and locally-based retailers
* Historic number of stores, selling space and values, company and brand market shares
* Five year forecasts of market trends and market growth  
* Robust and transparent market research methodology, conducted in-country

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