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HEALTH & WELLNESS

Q2 2023 INDUSTRY UPDATE

  • Discretionary spending within the VMS and cosmetic sectors has been resilient to inflationary pressure

  • Consumers are placing an increasing emphasis on cleanly sourced and scientifically backed products

  • Consumers are seeking personalized solutions through omnichannel platforms

  • An increase in regulatory pressure within Health & Wellness is expected to provide companies with a new set of challenges

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