Market Insights Health OTC Pharmaceuticals

Hand Sanitizer - Egypt

Egypt

In Egypt, the revenue generated in the Hand Sanitizer market market in 2024 amounts to US$21.49.
It is projected that the market will experience an annual growth rate of 11.47% (CAGR 2024-2029).
When compared globally, the in the United States generates the highest revenue in the Hand Sanitizer market market, with US$643.50 in 2024.
In terms of per person revenues, in Egypt, each individual contributes US$0.19 in revenue in 2024.
Egyptian consumers are increasingly turning to hand sanitizers as a convenient and effective way to maintain personal hygiene in a country with a high population density and limited access to clean water.

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

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Analyst Opinion

The Hand Sanitizer market in Egypt has been experiencing significant growth in recent years.

Customer preferences: Customers in Egypt have shown a growing preference for hand sanitizers due to increasing awareness about personal hygiene and the importance of hand hygiene in preventing the spread of germs and diseases. The COVID-19 pandemic has further heightened this awareness and accelerated the demand for hand sanitizers. Consumers are now more conscious about cleanliness and are actively seeking products that can help them maintain good hand hygiene.

Trends in the market: The market for hand sanitizers in Egypt has witnessed a surge in demand, with both domestic and international brands competing to meet the growing consumer needs. There has been a shift in consumer behavior towards purchasing hand sanitizers in larger quantities, as people are now more inclined to stock up on essential hygiene products. This trend has led to an increase in the average unit price of hand sanitizers, as consumers are willing to pay a premium for quality and reliable products.

Local special circumstances: Egypt has a large population and a high population density, which increases the risk of disease transmission. This has led to a greater emphasis on personal hygiene and the use of hand sanitizers as a preventive measure. Additionally, the country has a tourism industry that attracts millions of visitors each year. The increased travel and interaction with people from different regions and backgrounds further emphasizes the need for hand sanitizers to maintain good hand hygiene.

Underlying macroeconomic factors: The growing economy of Egypt has contributed to the increased demand for hand sanitizers. As disposable incomes rise, consumers are more willing to spend on personal care products, including hand sanitizers. The government has also implemented various initiatives to promote personal hygiene and prevent the spread of diseases, which has further fueled the demand for hand sanitizers.In conclusion, the Hand Sanitizer market in Egypt has experienced significant growth due to increasing customer preferences for personal hygiene products, the trend of purchasing in larger quantities, local special circumstances such as high population density and tourism, and the underlying macroeconomic factors of a growing economy and government initiatives. The market is expected to continue growing as consumers prioritize hand hygiene and the importance of preventing the spread of diseases.

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.