With cash usage in decline throughout Argentina, credit cards continue to gain a growing share of consumer payments. In addition, the massive rise in e-commerce following the COVID-19 outbreak has also helped to support this trend. Although consumer spending was negatively impacted by COVID-19 and resulting restrictions, the portion of payments accounted for by credit cards has increased as consumers continue to move away from cash. Online shopping and delivery are already well-developed in…

The COVID-19 pandemic has accelerated migration towards non-cash payments, predominantly debit cards. Indeed, contactless debit card payments are increasingly becoming the norm throughout the country. However, at the beginning of the outbreak, due to widespread uncertainty, many consumers used debit cards to withdraw money from ATMs. The closure of retail and consumer foodservice outlets and social distancing later resulted in a decline in POS usage during the pandemic. However, remote…

Overall consumer expenditure in Argentina has been highly negatively impacted by the widespread decline in demand for services, tourism and foodservice caused by the COVID-19 pandemic throughout the country and consequent impact on GDP. Consumer payments were already shifting away from cash before the outbreak, in line with ongoing modernisation and government programmes. However, one of the major consequences of the pandemic has been an acceleration of this migration from cash to card and…

In addition to the COVID-19 crisis, pre-paid cards are also facing growing competition from alternative payment formats, with a growing number of consumers preferring to pay via debit or credit card. In addition, mobile-based pre-paid cards are becoming more popular among teenage consumers unable to open debit card accounts. This rise in competition has been exacerbated by the COVID-19 pandemic and consequent significant decline in overall consumer expenditure throughout…

Like debit cards and credit cards, in Argentina, store cards have also benefited from the shift away from cash payment. The main benefit of store cards is that they offer special discounts and the possibility of paying for something in instalments with no interest. This is of particular interest during the current pandemic and crisis, with many struggling consumers being unable to pay for items all at once.

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After seeing solid retail current value growth in 2019, analgesics is expected to see a slower increase in 2020. The COVID-19 pandemic created a spike in demand for analgesics at the start of the year, with higher sales related to consumers stockpiling, and less to the treatment of ailments. In fact, analgesics was amongst the most purchased items in early March due to consumers’ belief that such products can help relieve the symptoms of the virus, and due to fear of shortages. However, the…

The analgesics category has been negatively impacted by the suspension of retail sales of systemic analgesics products during the COVID-19 lockdown in some regions. In cities where systemic analgesics are available in chemists/pharmacies, citizens need to register both symptoms and personal information before making a purchase in order to identify suspected cases of COVID-19 as early as possible and prevent the further spread of the virus. During the pandemic, because of the stringent…

COVID-19 is expected to have a significant impact on analgesics in 2020. Consumers believe that products in this category are effective against the symptoms of COVID-19 and, as a result, there is expected to be a significant increase in demand for products across the category. The combination of fears relating to COVID-19 and the perception of analgesics as household essentials fuelled stockpiling of products in this category throughout the country. Stockpiling reached such a level in 2020…

Global Consumer Health Market Competition, Opportunities and Challenges 2021-2026

Consumer health is expected to see lower current value growth in 2020 than was seen the previous year. One of the main factors dictating growth in this year is expected to be the COVID-19 pandemic. Algeria was already fragile economically and politically over the review period, but the pandemic further negatively impacted the country’s economy. Algeria is highly dependent on oil and gas exports and the…

Consumer health is expected to see lower current value growth in 2020 than was seen the previous year. One of the main factors dictating growth in this year is expected to be the COVID-19 pandemic. Algeria was already fragile economically and politically over the review period, but the pandemic further negatively impacted the country’s economy. Algeria is highly dependent on oil and gas exports and the massive fall in barrel prices earlier in 2020 resulted in the Algerian dinar depreciating,…

The categories expected to see the biggest surge in demand in 2020 because of COVID-19 include products aimed at supporting consumers’ immune systems, such as vitamins, dietary supplements, and herbal/traditional products. These categories experienced significant stockpiling as consumers panic bought products to ensure the health of their immune systems. Paediatric vitamins and dietary supplements is also expected to see significant growth in 2020 as parents fear for their children’s health.…

The outbreak and development of Coronavirus (COVID-19) from early March 2020 halted the economic improvement in the country. Lockdown and other restrictions on business, education and cultural institutions and the population in general fed into rising unemployment, wage cuts and reduced disposable incomes as the government tried to contain the spread of the virus. Economic recession is limiting consumer confidence, leading to a focus on essential products. Thus, the pandemic has generally…

In 2020, cough, cold and allergy (hay fever) remedies is expected to see slower current retail value growth than in the previous year. Although sales of such products increased significantly as a result of panic-buying in the first quarter of the year due to the COVID-19 pandemic, demand saw a sharp slowdown, after cases declined and restrictions were lifted in most provinces, as well as the lack of flu cases due to social distancing measures. Therefore, it is expected that purchasing…

While cough, cold and allergy (hay fever) remedies, especially combination products, saw sales bolstered by stockpiling at the very beginning of the COVID-19 outbreak, the peak did not last long. Moreover, it was soon followed by the suspension of the retail sale of cough, cold and allergy (hay fever) remedies products and a nationwide lockdown. Moreover, the outbreak of COVID-19 coincided with the cold, flu, and pollen allergy seasons. Consequently, home seclusion during lockdown reduced…

The similarity between the symptoms of seasonal colds and COVID-19 is expected to drive sales of cough, cold and allergy (hay fever) remedies in 2020, as the retail current value growth is set to peak. Combination products – cough, cold and allergy (hay fever) remedies is expected to lead growth in the category with a particularly notable spike in demand, thanks to the convenience of products that treat multiple symptoms. Stockpiling is also expected to contribute to the surge in demand as…

The demand for cough/cold remedies increased strongly in the early stages of Coronavirus (COVID-19) in Poland. Sales spiked as consumers panicked about possible shortages of these products in retail stores. The perception that these medicines offered relief or immunity from COVID-19 helped to drive the fast rise in sales. However, as in analgesics, after initial huge increases, sales slowed as consumers adapted to the restrictions imposed to cope with the pandemic. Many consumers had…

Dermatologicals is expected to see a deceleration in its current retail value growth rate in 2020 compared to 2019 since the category relies heavily on imports. The Algerian government’s import restrictions are having a devastating impact on dermatologicals with frequent stock shortages. The COVID-19 pandemic is also resulting in delays in port clearance procedures. Moreover, as a result of the ongoing economic hardship in the country, exacerbated by the pandemic, middle- and high-income…

The fact that the peak of the COVID-19 outbreak in China occurred during the winter season, the slack season for dermatologicals categories such as topical antifungals and antipruritics, meant that dermatologicals was less severely affected by the pandemic than many OTC categories. Indeed, with people paying increased attention to hand hygiene during the pandemic, frequently using anti-bacterial hand sanitisers and alcohol gels for hand washing, there has been an increased incidence of…

Although dermatologicals as a whole will remain largely unaffected by the COVID-19 pandemic, the topical germicidals/antiseptics product area is expected to see a significant surge in demand thanks to the need for antiseptic products. Due to limited stocks of other antiseptic products such as hand sanitizers, consumers have turned to topical germicidals/antiseptics products as second-choice options.

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The Coronavirus (COVID-19) lockdown checked the growth in sales of dermatologicals in Poland. The closure of shopping centres and sports facilities (swimming pools, gyms, fitness clubs) and restrictions on social contact limited exposure to many of the risk factors causing skin problems. For example, the restrictions on out-of-home sports activities and exercise lessened the risk of wounds, cuts and infections and the need for topical germicidals/antiseptics. Moreover, the closure of schools…