Summary The retail market for health and beauty products in Belgium reached EUR2.9 billion in 2015 and is forecast to grow at a CAGR of3.3% in 2015-2020, to reach EUR3.4 billion by 2020. Urbanization, increasing health consciousness, and a high percentage of obese population have fuelled the growth of the health and beauty category. Key Findings -Online spending on health and beauty products accounts for 4.7% of the total retail sales in the segment in 2015 and is expected to contribute 5.8% in 2020. -The health and beauty segment accounted for 4.14% of the overall retail sales in 2015 -Bulk of the sales of health and beauty products are sold through offline channels including hypermarkets, supermarkets and drug stores. Synopsis "Health and Beauty Retailing in Belgium - Market Summaryand Forecasts" is a detailed sector report providing a comprehensive analysis of the emerging trends, forecasts and opportunities to 2020. What else does this report offer? -A thorough analysis of consumer trends changing economic and population factors -Both qualitative and quantitative insights and analysis of the shifting health and beauty retail dynamics from 2010 to 2020 -Sales of health and beauty products through the following channels from 2010 to 2020: Hypermarkets, supermarkets and hard-discounters; department stores; online; drug stores and health and beauty stores; other general and non-specialist direct retailers; cash and carries and warehouse clubs; convenience stores (including independents) and gas stations; duty free retailers; value, variety stores, general merchandise retailers and vending machines -An overview of key health and beauty retailers operating across Belgium and their presence across distribution channels Reasons To Buy -Gain a comprehensive knowledge on health and beauty sector in the Belgium retail market and develop a competitive advantage from the start of your supply chain -Investigate current and forecast behaviour trends in health and beauty category to identify the best opportunities to exploit -Analyze the recommended actions to align your marketing strategies with the crucial trends influencing the consumer behaviour -Understand the performance of health and beauty product sector, with insights on performance across key channels from 2010, with forecasts until 2020 -Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the vital economic and population trends, key consumer and technology trends influencing the health and beauty market -Analysis of key international and domestic players operating in the health and beauty market - including store counts and revenues that give you a competitive edge - identify opportunities to improve your market share
Table of Contents
1 Introduction 1.1 What is this Report About? 2 Executive Summary and Outlook 3 Market Context 3.1 A steadily growing economy with opportunities for retailers 3.1.1 A modest recovery in the economy, indicates a gradual improvement in retail spending 3.1.2 Stable savings rate shows a consistency in retail consumption 3.1.3 Service remains the dominant sector for employment 3.1.4 Improving labour market set to drive retail spending 3.1.5 Improving inflation level may influence retail sales growth 3.1.6 Household consumption expenditure is set to grow with a rise in income 3.2 Balanced demography and social rise in the economy will favour retail market 4 Belgian Shoppers 4.1 Belgium E- Commerce- A poised domestic market 4.2 Belgian food and grocery retailing and changing market leaders 4.3 Belgium- The land of fashion 4.4 Increasing inbound tourists offering growth opportunities in retail sector 5 Doing Business in Belgium 5.1 Summary 5.1.1 Bureaucracy 5.1.2 Business culture 5.1.3 Geography 5.1.4 Infrastructure and logistics 5.2 Key taxation policies 5.3 Belgian tax break is now termed illegal by the European Union 6 Retail - Product Sectors 6.1 Product Sector Analysis 6.1.1 Health and Beauty 6.2 Health and Beauty Category Overview 6.2.1 Healthand Beauty by Channel 6.2.2 Health and Beauty by Category 6.3 Major Retailers 6.3.1 Health and Beauty 7 Appendix 7.1 Definitions 7.1.1 This report provides 2014 actual sales; while forecasts are provided for 2015 - 2019 7.2 Summary Methodology 7.2.1 Overview 7.2.2 The triangulated market sizing method 7.2.3 Industry surveys in the creation of retail market data 7.2.4 Quality control and standardized processes 7.3 About Verdict Retail 7.4 Disclaimer
List of Tables
Table 1: Belgium Health and Beauty Retail Sales (EUR mn), by Channel Group, 2010-2015 Table 2: Belgium Health and Beauty Retail Sales Forecast (EUR mn), by Channel Group, 2015-2020 Table 3: Belgium Health and Beauty Retail Sales (US$ mn), by Channel Group, 2010-2015 Table 4: Belgium Health and Beauty Retail Sales Forecast (US$ mn), by Channel Group, 2015-2020 Table 5: Belgium Health and Beauty Segmentation (% value), by Channel Group, 2010-2020 Table 6: Belgium Health and Beauty Retail Sales (EUR mn), by Category, 2010-2015 Table 7: Belgium Health and Beauty Retail Sales Forecast (EUR mn), by Category 2015-2020 Table 8: Belgium Health and Beauty Retail Sales (US$ mn), by Category, 2010-2015 Table 9: Belgium Health and Beauty Retail Sales Forecast (US$ mn), by Category 2015-2020 Table 10: Key Health and Beauty Retailers in Belgium Table 11: Belgium Exchange Rate EUR-US$ (Annual Average), 2009-2014 Table 12: Belgium Exchange Rate EUR-US$ (Annual Average), 2015-2019 Table 13: Verdict Retail Channel Definitions Table 14: Verdict Retail Category Definitions
List of Figures
Figure 1: GDP Values (Current US$) billion, 2010-2015 Figure 2: Growth Rate of GDP (Constant US$), 2010-2015 Figure 3: GDP Value and Growth (EUR billion, %), 2010-2015 Figure 4: Forecasts for GDP Value and Growth (EUR billion, %), 2015-2020 Figure 5: Gross domestic savings (% of GDP) 2005-2015 Figure 6: Share of Employment by Sector (%), 2005 and 2015 Figure 7: Unemployment Rate (%), 2005-2015 Figure 8: Inflation Growth Rates (%), 2005-2015 Figure 9: Household Consumption Expenditure of Belgium (EUR Billion), 2005 and 2015 Figure 10: Household Consumption Expenditure of Major Countries (US$ Billion), 2015 Figure 11: Growth of Household Consumption Expenditure (%), 2005-2015 Figure 12: Total Population and Growth Rate (Millions, %), 2005-2020 Figure 13: Population Split by Gender (%), 2015 and 2020E Figure 14: Population Split by Age Group (%), 2015 and 2020E Figure 15: Per Capita Spend on Retail (EUR), 2005 and 2015 Figure 16: Per Capita Spend (EUR) on Retail by Age Group (%), 2005 and 2015 Figure 17: Rural and Urban Populations (% of total population) 2005, 2015E and 2020E Figure 18: Major Cities with High Spend on Retail Figure 19: Doing Business in Belgium Figure 20: Share of Health and Beauty in overall Retail 2015 and 2020 Figure 21: Retail Sales Value and Growth (EUR billion, %) of Health and Beauty2015-2020 Figure 22: Spend-per-Head on Health and Beauty2015 and 2020 Figure 23: Online Spend in Health and Beauty2015-2020 Figure 24: Online Share of total Health and Beauty Spend 2015 and 2020 Figure 25: Spending per Channel in Health and Beauty (%) 2015 and 2020 Figure 26: Belgium Health and Beauty Retail Sales and Forecast (EUR mn), by Channel Group, 2010-2020 Figure 27: Belgium Health and Beauty Retail Market Dynamics, by Channel Group, 2010-2020 Figure 28: Belgium Health and Beauty Retail Sales and Forecast (EUR mn), by Category Group, 2010-2020 Figure 29: The Triangulated Market Sizing Methodology
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