Market Insights Health OTC Pharmaceuticals

Hand Sanitizer - Belgium

Belgium

In Belgium, the Hand Sanitizer market market is projected to generate a revenue of US$15.17m in 2024.
It is anticipated that the market will experience an annual growth rate of 3.02% between 2024 and 2029 (CAGR 2024-2029).
When compared to other countries worldwide, the in the United States leads the market with a revenue of US$643.50m in 2024.
In terms of per capita income, in Belgium is expected to generate US$1.30 per person in 2024.
Belgium's hand sanitizer market is witnessing a surge in demand due to increased hygiene awareness and government recommendations amidst the COVID-19 pandemic.

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

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Analyst Opinion

The Hand Sanitizer market in Belgium has experienced significant growth in recent years due to changing customer preferences and global trends.

Customer preferences: Customers in Belgium have become increasingly concerned about personal hygiene and the spread of germs, leading to a higher demand for hand sanitizers. This shift in preference can be attributed to various factors, including the growing awareness of the importance of hand hygiene in preventing the transmission of diseases. Additionally, the convenience and portability of hand sanitizers have made them a popular choice among consumers, especially those who are constantly on the go.

Trends in the market: One of the key trends in the Hand Sanitizer market in Belgium is the increasing demand for natural and organic products. Consumers are becoming more conscious about the ingredients used in hand sanitizers and are opting for products that are free from harsh chemicals. This trend is in line with the global movement towards sustainable and eco-friendly products. Manufacturers are responding to this demand by introducing hand sanitizers that are made from natural and plant-based ingredients.Another trend in the market is the rising popularity of scented hand sanitizers. While traditional hand sanitizers typically have a strong alcohol smell, scented hand sanitizers offer a more pleasant and refreshing experience. This trend is driven by the desire for a sensory experience and the growing importance of self-care. Manufacturers are capitalizing on this trend by offering a wide range of scents, including floral, fruity, and herbal options.

Local special circumstances: Belgium has a highly developed healthcare system and a strong emphasis on public health. This has played a significant role in driving the demand for hand sanitizers. The government and public health authorities in Belgium have actively promoted hand hygiene as a preventive measure against the spread of diseases, particularly during flu seasons or outbreaks. This has created a culture of hand hygiene among the population, leading to a higher demand for hand sanitizers.

Underlying macroeconomic factors: The Hand Sanitizer market in Belgium has also been influenced by macroeconomic factors. The country has a stable economy and a high standard of living, which has increased consumer spending power. This has allowed consumers to prioritize their health and well-being, leading to an increased demand for personal care products, including hand sanitizers. Additionally, the COVID-19 pandemic has further accelerated the demand for hand sanitizers in Belgium, as people have become more conscious about hygiene and the prevention of infectious diseases.In conclusion, the Hand Sanitizer market in Belgium has experienced significant growth due to changing customer preferences, including the demand for natural and scented products. The country's strong emphasis on public health and the stable macroeconomic factors have also contributed to the market's development. As the awareness of hand hygiene continues to grow, the demand for hand sanitizers is expected to remain high in Belgium.

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.