New market study, "Health and Beauty Specialist Retailers in Slovakia", has been published

Health and beauty specialist retailers stagnated in current value terms in 2015, recording sales of €1.4 billion. Health and beauty specialist retailers grew marginally in terms of outlets, but stagnated in terms of sales value, because of the selling prices, which were stable or even decreased due to tough competition within the channel.

Competitive Landscape

Health and beauty specialist retailers was led by Mirakl as, which operates the Dr Max pharmacies; gaining a 13% value share, closely followed by dm-Drogerie Markt sro with a value share of 12% in 2015. The Vaša Lekáren pharmacy chain with a 9% value share ranked third; it has various distributors. SCHNEIDER - HCG spol sro ranked fourth in 2015 with a 3% value share. The remaining share was very fragmented with no single player holding value share exceeding 2%. Mirakl has a dynamic, expansive strategy. dm-Drogerie profits from its nationwide coverage and wide variety of products including popular private label.

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Industry Prospects

Health and beauty specialist retailers is predicted to record a decline in the first half of the forecast period in value terms at constant 2015 prices. However, comparing this performance to the review period’s decline at constant 2015 prices, more of a growth trend is anticipated towards 2020. Increasing purchasing power and economic growth (GDP growth of approximately 3% yearly is predicted over the forecast period) on the one hand will drive the channel’s development; while on the other hand, price discounts and tough price competition will limit revenue and profitability.

Report Overview

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

The Health and Beauty Specialist Retailers in Slovakia 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

Our market research reports answer questions such as:

* How big is the Health and Beauty Specialist Retailers channel in Slovakia?

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