Market Insights Health OTC Pharmaceuticals

Vitamins & Minerals - Egypt

Egypt

The revenue generated in Egypt's Vitamins & Minerals market market in 2024 amounts to US$0.53bn.
It is projected to experience an annual growth rate of 9.39% (CAGR 2024-2029).
Comparatively, in China generates the highest revenue globally, with US$5,328.00m in 2024.
Taking into account Egypt's total population, the per person revenue in 2024 is US$4.66.
Egyptian consumers are increasingly turning to vitamins and minerals in the OTC pharmaceuticals market to address their health concerns.

Key regions: Canada, United Kingdom, India, Europe, Brazil

Market

Region

Region comparison

Currency

Analyst Opinion

The Vitamins & Minerals market in Egypt has been experiencing significant growth in recent years. Customer preferences in Egypt have shifted towards a healthier lifestyle, with an increasing emphasis on the importance of nutrition and overall well-being. This has led to a growing demand for vitamins and minerals as consumers seek to supplement their diets with essential nutrients. Additionally, the rising awareness about the benefits of vitamins and minerals in preventing and managing various health conditions has also contributed to the market growth.Trends in the market indicate that there is a strong demand for a wide range of vitamins and minerals in Egypt. Consumers are particularly interested in products that cater to specific health needs, such as immune support, bone health, and energy boost. This has led to the introduction of a diverse range of products targeting these specific needs, including multivitamins, vitamin C supplements, calcium supplements, and iron supplements, among others.Local special circumstances in Egypt have also played a role in the development of the Vitamins & Minerals market. The country has a large population, with a significant portion of the population being young and health-conscious. This demographic factor has contributed to the increasing demand for vitamins and minerals, as young consumers are more likely to prioritize their health and well-being.Furthermore, the Egyptian government has been actively promoting healthy living through various initiatives and campaigns. This has further raised awareness about the importance of vitamins and minerals in maintaining good health, leading to an increase in consumer demand.Underlying macroeconomic factors have also influenced the growth of the Vitamins & Minerals market in Egypt. The country has experienced stable economic growth in recent years, which has resulted in an increase in disposable income among the population. As a result, consumers have more purchasing power to spend on health and wellness products, including vitamins and minerals.In conclusion, the Vitamins & Minerals market in Egypt is witnessing significant growth due to shifting customer preferences towards a healthier lifestyle, increasing awareness about the benefits of vitamins and minerals, local special circumstances such as a large and health-conscious population, government initiatives promoting healthy living, and favorable macroeconomic factors.

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.