Market Insights Health OTC Pharmaceuticals

Cold & Cough Remedies - Morocco

Morocco

In Morocco, the revenue generated in the Cold & Cough Remedies market market in 2024 amounts to US$90.36m.
It is projected that the market will experience an annual growth rate of 5.25% (CAGR 2024-2029).
When compared to other countries around Worldwide, the in the United States generates the highest revenue in this market, with US$11,190.00m in 2024.
In terms of per capita figures, each person in Morocco contributes US$2.37 in revenue to the Cold & Cough Remedies market market in 2024.
Sales of cold and cough remedies in the OTC Pharmaceuticals market in Morocco have seen a significant increase due to the country's high prevalence of respiratory diseases.

Key regions: United States, Japan, Australia, United Kingdom, China

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Analyst Opinion

The Cold & Cough Remedies market in Morocco has been experiencing steady growth in recent years.

Customer preferences: Moroccan consumers are increasingly seeking out over-the-counter remedies for cold and cough symptoms. This shift in consumer behavior can be attributed to several factors. Firstly, there is a growing awareness among the population about the importance of self-care and taking proactive measures to manage common illnesses. Secondly, the convenience and accessibility of over-the-counter remedies have made them a popular choice for consumers who prefer to avoid doctor visits and prescription medications. Lastly, the increasing availability of a wide range of cold and cough remedies in local pharmacies and supermarkets has made it easier for consumers to find the products that best suit their needs.

Trends in the market: One of the key trends in the Cold & Cough Remedies market in Morocco is the rising demand for natural and herbal remedies. Moroccan consumers are increasingly turning to traditional remedies, such as herbal teas and essential oils, to alleviate their cold and cough symptoms. This trend is driven by a growing interest in alternative medicine and a desire for more natural and holistic approaches to healthcare. As a result, manufacturers are introducing a wider range of natural and herbal remedies to cater to this demand.Another trend in the market is the increasing popularity of combination products that offer multiple benefits. Consumers are looking for remedies that not only relieve their cold and cough symptoms but also provide additional benefits, such as boosting the immune system or soothing a sore throat. Manufacturers are responding to this trend by developing innovative combination products that address multiple symptoms and offer added value to consumers.

Local special circumstances: Morocco has a unique climate and geography that can contribute to the prevalence of cold and cough symptoms. The country experiences significant temperature fluctuations throughout the year, with hot summers and cold winters. These weather conditions can make individuals more susceptible to respiratory infections and increase the demand for cold and cough remedies. Additionally, Morocco has a high population density in urban areas, which can contribute to the spread of contagious illnesses and drive the demand for remedies to manage cold and cough symptoms.

Underlying macroeconomic factors: The growth of the Cold & Cough Remedies market in Morocco is also influenced by underlying macroeconomic factors. The country has been experiencing steady economic growth, which has led to an increase in disposable income and improved living standards. As a result, consumers have more purchasing power and are willing to spend on healthcare products, including cold and cough remedies. Furthermore, the government has been investing in healthcare infrastructure and promoting public health initiatives, which has created a favorable environment for the growth of the market.In conclusion, the Cold & Cough Remedies market in Morocco is developing due to changing customer preferences, including a growing demand for over-the-counter remedies, natural and herbal products, and combination remedies. The unique local circumstances, such as the climate and population density, also contribute to the market growth. Additionally, underlying macroeconomic factors, such as economic growth and government initiatives, play a significant role in driving the market forward.

Methodology

Data coverage:

Data encompasses B2C spend. Figures are based on the OTC Pharmaceuticals market values, representing revenues generated by both product sales which take place exclusively in pharmacies and products which can be purchased elsewhere. Sales by hospitals are not included.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use data from national statistical offices, international institutions, trade associations, and self-medication associations. Next, we use relevant key market indicators and data from country-specific associations, such as consumer healthcare spending, out-of-pocket healthcare expenditure, health system accessibilities, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. Whereas this market covers only OTC drugs, the Statista Pharmaceuticals market covers both OTC and prescription drugs.