"Health and Beauty Specialist Retailers in the Philippines" is now available at Fast Market Research

In 2015, health and beauty specialist retailers continued to post notable growth in terms of outlet and value sales. This was due to the increase in demand by Filipinos for products that helped them answer specific needs pertaining to health, nutrition and wellness. Because of health and wellness establishments’ persistent campaigns, which focus on promoting a healthy lifestyle among Filipinos, a number of consumers became more concerned about their health. Not only do people now exercise more, but they also took on several procedures, supplements and health and wellness products to improve physical and mental vigour to reduce the probability of acquiring diseases.

Competitive Landscape

Mercury Drug maintained its lead among health and beauty specialist retailers at the end of the review period. This was made possible because of the consistently strong performance of its chemists/pharmacies and drugstores/parapharmacies across the country. Over the years, the brand has also been known to revolutionise the way chemists/pharmacies and drugstores/parapharmacies operate to better serve the Filipino consumers. Apart from opening up a number of outlets that operate on a 24-hour basis, it also offered in-store pharmacy counselling and mercury TV health education service in all of its branches. To keep up with the latest trends in terms of consumer payments, it partnered Citi to deliver convenience and rewards to its customers via the Citi Visa payWave. This allowed contactless payment whenever consumers use their Citi Visa payWave credit card.

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Industry Prospects

Health and beauty specialist retailers will experience notable and exciting developments over the forecast period. Healthcare brands including Mercury Drug, Watson’s, South Star Drug and Generics Pharmacy will continue to expand in the provinces to cater to a wider audience. Acquisition of smaller drugstores operating in key cities around the country will likely occur as seen in major retailers’ acquisitions of smaller grocers and electronics and appliance specialist retailers.

Report Overview

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

The?Health and Beauty Specialist Retailers in?Philippines market research report includes:

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