"Health and Beauty Specialist Retailers in Hong Kong, China" Published

From: Fast Market Research, Inc.
Published: Mon Feb 22 2016

In 2015, health and beauty specialist retailers stagnated in terms of selling space while the number of outlets increased by 1%, which reflected the channel’s maturity. However, current value sales saw a sustainable growth rate of 4%, driven largely by beauty specialist retailers and drugstores/ parapharmacies. Both sales channels offer a wide variety of beauty and health products, with many retail outlets throughout the city that are frequently visited by local residents and mainland Chinese tourists to stock up on beauty, personal care and healthcare products.

Competitive Landscape

Full Report Details at
- http://www.fastmr.com/prod/1113486_health_beauty_specialist.aspx?afid=301

Dairy Farm International Holdings (owner of Mannings – drugstores/parapharmacies) maintained its lead in health and beauty specialist retailers in 2015, and registered current value growth of 4% to account for 16% of value sales, worth HKD7.6 billion. Dairy Farm had 353 Mannings outlets in 2015, the largest number among health and beauty specialist retailers, and total selling space of 60,000 sq m. GNC, the leading health supplements brand operated by Dairy Farm through its own specialist stores and concession counters within Mannings stores, contributed increasing value sales to the company over the review period.

Industry Prospects

Health and beauty specialist retailers is expected to register a mature retail value CAGR of 1% (constant 2015 prices) over the forecast period. Sales channels across the category are approaching maturity, yet sustaining growth trends. Health and beauty specialist retailers accounted for 11% of value sales in store-based retailing in 2015, and is one of the pillars of tourism shopping. The channel is approaching saturation after strong growth over the review period. While local demand will remain stable, the economic slowdown in mainland China will likely dampen retail consumption by mainland tourists.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Health and Beauty Specialist Retailers industry in Hong Kong, China 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 Hong Kong, China, our research will save you time and money while empowering you to make informed, profitable decisions.

The Health and Beauty Specialist Retailers in Hong Kong, China 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

About Fast Market Research

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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