2013-01-29 14:53:30 - New Retailing market report from Verdict Research: "Health & Beauty Retailing in the UK | Verdict Market Report"

Despite the continued economic pressure, health & beauty has remained relatively resilient and provides opportunities for growth. An ageing population means consumers needs are changing and innovation in the market makes it a high paced sector. Learn what the changes are in this sector over the next five years and where the opportunities lie.

Scope

* Understand the changing needs of an ageing population and what this will mean for your business
* Use the data and forecasts to see which players pose as threats over the next five years
* Identify what categories within health and beauty are growth areas and which pose as more challenging

Report Highlights

As the proportion of those in the 50+ age bracket rises, these customers become

a core purchasing group and retailers must ensure their needs are understood and met. As average lifespan continues to increase this age bracket widens and retailers must recognise there are sub-segments within the group.


Full Report Details at
- www.fastmr.com/prod/530269_health_beauty_retailing_in_the_uk_|_v ..


As ownership of both smartphones and tablets increases in the UK, a rising number of online sales will come via mobile technology. 22.0% of those that shop online for health & beauty items had done do so via a mobile phone while 11.0% had done so via a tablet as of the end of 2011.

Multi-retailers that have a health & beauty offering and are looking to expand in this area should consider opening dedicated spin-off stores. In doing so, they can trade on their existing brand equity while testing the water of pure health & beauty retailing.

Reasons to Get this Report

* Which areas of health & beauty are exceeding expectations, and which are suffering?
* Which retailers are the winners and losers in health & beauty?
* Which are the key demographics for health & beauty retailers to be targetting and how will this change over the next five years?
* What are the key trends in health & beauty retailing? How can I capitalise on them?

Partial Table of Contents:

EXECUTIVE SUMMARY
Key findings
Health & beauty market expected to grow by 2.6% in 2013, and increase by GBP3bn between 2012 and 2017;
Internet shopping will slow but remains a big opportunity out to 2016
m-commerce to become a notably more lucrative channel;
Ageing population makes older shoppers increasingly important;
Ageing population raises need for local pharmacies;
Opportunities lie in the south;
Premium gifting remains an untapped market;
Standalone spin-off stores enable existing retailers to branch out.
Main conclusions
Health & beauty market expected to grow by 2.6% in 2013 and increase by GBP3bn between 2012 and 2017
Internet shopping will slow but will remain a big opportunity out to 2016...
...while m-commerce will become a notably more lucrative channel
An ageing population makes older shoppers increasingly important...
...and raises the need for local pharmacies
Opportunities lie in the South
Premium gifting remains an untapped market
Standalone spin-off stores enable existing retailers to branch out
MARKET DATA
OVERVIEW
Health & beauty remains resilient, although growth will slow
Category breakdowns
The essential nature of some products has ensured steady growth
Channels of distribution
Grocers will continue to grow, at the expense of specialists
Grocers will see a rise of almost GBP2bn in health & beauty sales out to 2017
The majority of specialist growth will come from Boots
Department stores' sales will remain solid out to 2017
General merchandisers will continue to shine
NHS receipts for all health & beauty retailers
Up in 2012 after a fall in 2011
Prescription items per head has risen consistently over the past decade
Pharmacy store numbers seeing a big increase in 2012
Supermarkets give a big boost to pharmacy numbers
COMPANY DATA ANALYSIS
Market shares
Specialists' market share continues to fall
Key operating statistics
Sales and space growth
Poundland excels in terms of sales growth
Grocers continue to grow...
...while specialists such as The Body Shop have stagnated
KEY ISSUES
An ageing population impacts the health & beauty market
An ageing population makes older shoppers increasingly important
Sub-segments exist within the 50+ age bracket
Polarisation of disposable incomes in the 50+ age bracket
By region: the South provides the most opportunities
By channel: local pharmacies, grocers and online players
By category: skincare, OTC medicines and dental care
Premium beauty poses an opportunity despite the weak economy
The premium beauty market remains resilient...
...providing growth opportunities for retailers
Premium gifting remains an untapped market
Monthly subscription sample boxes
Subscription boxes can benefit both brands and retailers
Tailoring products can help satisfy customers' needs but will push costs up
Location and channels
Grocers are increasingly being used for health & beauty products...
...as are discounters
The sensory nature of health & beauty means a physical presence is still important...
...although showrooming poses a threat
Store format innovation
Standalone spin-off stores enable existing retailers to branch out
Pop-up shops allow retailers to react quickly

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=530269&dt=t

About Verdict Group

With over 20 years' experience, Verdict Research is the UK's leading authority on retailing, and publishes unrivalled independent analysis. Verdict reports, forecasts, briefings, consumer research and bespoke consulting services provide clients with a complete picture of the UK and international retail arena, helping retailers, manufacturers, service suppliers, city analysts and consultants to fully exploit opportunities within the sector. View more research from Verdict Research at www.fastmr.com/catalog/publishers.aspx?pubid=1005

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