Market Insights Health OTC Pharmaceuticals

Hand Sanitizer - Saudi Arabia

Saudi Arabia

In Saudi Arabia, the Hand Sanitizer market market is projected to generate a revenue of US$10.77m in 2024.
It is expected to exhibit an annual growth rate of 2.61% (CAGR 2024-2029).
Among all countries, the in the United States leads the global market with a revenue of US$643.50m in 2024.
When considering the population, the per person revenue in Saudi Arabia amounts to US$0.29 in 2024.
Sales of hand sanitizers in Saudi Arabia have skyrocketed due to increased awareness and demand for personal hygiene products during the COVID-19 pandemic.

Key regions: Germany, Europe, United States, Brazil, India

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Analyst Opinion

The Hand Sanitizer market in Saudi Arabia has witnessed significant growth in recent years, driven by changing customer preferences and global trends.

Customer preferences: In Saudi Arabia, like in many other countries, there has been an increased focus on personal hygiene and cleanliness due to the COVID-19 pandemic. This has led to a surge in demand for hand sanitizers as consumers prioritize the use of sanitizing products to protect themselves from germs and viruses. Additionally, the convenience and portability of hand sanitizers have made them a preferred choice for on-the-go hygiene.

Trends in the market: One of the key trends in the Hand Sanitizer market in Saudi Arabia is the growing popularity of natural and organic hand sanitizers. Consumers are becoming more conscious about the ingredients used in personal care products and are opting for products that are free from harsh chemicals. This trend is in line with the global shift towards natural and eco-friendly products.Another trend in the market is the increasing availability of hand sanitizers in various formats and packaging options. Manufacturers are introducing innovative packaging designs such as pocket-sized bottles, spray bottles, and even sanitizing wipes to cater to the diverse needs and preferences of consumers. This allows consumers to carry hand sanitizers conveniently and use them whenever needed.

Local special circumstances: Saudi Arabia has a large population, and the government has taken proactive measures to promote hygiene and prevent the spread of diseases. The Saudi Food and Drug Authority (SFDA) has implemented strict regulations to ensure the quality and safety of hand sanitizers available in the market. This has created a favorable environment for both local and international hand sanitizer brands to operate in the country.

Underlying macroeconomic factors: The Hand Sanitizer market in Saudi Arabia is also influenced by macroeconomic factors such as population growth, urbanization, and disposable income. As the population continues to grow and more people move to urban areas, the demand for hand sanitizers is expected to increase. Moreover, the rising disposable income of consumers allows them to spend more on personal care products, including hand sanitizers.In conclusion, the Hand Sanitizer market in Saudi Arabia is witnessing significant growth due to changing customer preferences, global trends, and local special circumstances. The demand for hand sanitizers is expected to continue rising in the coming years, driven by increased awareness about personal hygiene and the need for protection against germs and viruses.

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.