Title: UK Health & Beauty : Market Size, Growth, Major Segments and Leading players 2016 Short Summary UK Health & Beauty 2016 Size and Share Published in 2016-03-31 Available for US$ 5759 at Researchmoz.us Description Inflation will start to ease as demand, and production, of heavily used palm oil and more sustainable oils level out. As the economy improves, premium and discretionary shifts in spend will fuel growth in cosmetics and skincare, leading to a focus shift for midmarket brands. Health conscious consumers and the aging population will drive the health sector, with the highest category growth of 29.2% to 2021e in OTC medicines
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Key Findings Inflation will start to ease as demand, and production, of heavily used palm oil and more sustainable oils level out. As the economy improves, premium and discretionary shifts in spend will fuel growth in cosmetics and skincare, leading to a focus shift for midmarket brands. Health conscious consumers and the aging population will drive the health sector, with the highest category growth of 29.2% to 2021e in OTC medicines. The grocers remain an important channel for health and beauty purchases owing to convenience, value for money and price. Health and beauty specialists will struggle against heavy price competition from the discounters, and emerging cosmetic and skincare ranges from clothing specialists. 77.1% of consumers shop for health and beauty once a month or more frequently, with minimal difference in frequency between genders. Highest shopping frequencies are affiliated with the 25-34s, driven by store convenience, social media and editorial. Over a third of shoppers use online channels for health and beauty purchases (32.4%). However penetration remains low at 7.7% providing an opportunity for retailers to engage virtually with shoppers Value for money represents the key factor when selecting health and beauty retailers, 90.1%. While product quality represents the strongest factor for females, males claim value for money. With quality driving 89.7% of shoppers store choice, it is recommended that grocers entice more mature 45+ shoppers through luxury own brand skincare ranges.
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