Companiesandmarkets.com

Australia health retailers market: A$19.6 billion industry in 2012

Press Release   •   Jul 29, 2013 17:06 BST

Australian Pharmaceutical Industries (API) maintained its leadership in the Australia health retailers market in 2012, with a value share of 11%. Although API saw an actual increase in its sales in 2012, its overall percentage share dropped as it underperformed the category as a whole.

With chemists/pharmacies providing an important role of community health support, the channel held the largest value share of 78% within health and beauty specialist retailers in 2012. Australians typically seek out chemists/pharmacies for mild or recurring health complaints, including coughs and colds, as well as for symptoms which are less severe. The limited resources within the general practice and hospital networks are also factors driving consumers to seek first-line assistance from chemists/pharmacies.

Health and beauty specialist retailers are expected to see a CAGR of 1% in constant terms over the forecast period. The weaker performance is attributable to the continued weakness in consumer confidence and the effects of heavy price discounting. Consumers are also increasingly drawn to shop online for many of the health and beauty products which they are familiar with.

For more information on the Australia health retailers market, please click here: Australia health retailers market

Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.