Health and Beauty Specialist Retailers in Switzerland - New Market Research Report

Current value sales of health and beauty specialist retailers increased marginally in 2015. Ongoing structural and competitive changes as well as stagnating sales of premium cosmetics and perfumes were the main reasons for the slowdown of sales in the category. On the one hand, health and beauty specialist retailers operate in an environment which, due to consistent pressure on prices and increasing quality requirements, demands ever more performance from all players involved. Beauty specialist retailers, in addition, operate in a highly competitive category in which a number of operators compete for sales and brand recognition.

Competitive Landscape

Galenica Holding AG remained the clear leader in health and beauty specialist retailers in Switzerland in 2015. Galenica AG is the leading retail organisation in chemists/pharmacies in Switzerland. The company seeks to expand in Switzerland through both internal growth and acquisitions as well as by reinforcing the network of its Amavita, Sun Store and Coop Vitality fascias and strengthening its focus on customers by streamlining its product range and offering new services. Second ranked player Coop continues to benefit from the strong consumer recognition of its Import Parfümerie, Coop Vitality and Body Shop retail brands. Coop Vitality is a joint-venture with Galenica.

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Industry Prospects

Political pressure to reduce healthcare costs for Swiss households and the highly competitive landscape in health and beauty specialist retailers in Switzerland are the main factors which are expected to impede growth in the channel over the forecast period, resulting in modest but positive value growth over the forecast period in constant 2015 terms. Political measures which have undertaken to combat high healthcare costs and to encourage consumers to use generic drugs are set to continue having a negative impact on the performance of chemists/pharmacies during the forecast period. In particular, cross-border shopping, the emergence of online beauty specialist retailers and the generally stagnant performance expected in the beauty and personal care market are all expected to have a negative influence on sales through beauty specialist retailers during the forecast period.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Health and Beauty Specialist Retailers industry in Switzerland 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.

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