Market Insights Health OTC Pharmaceuticals

Vitamins & Minerals - Mauritius

Mauritius

In Mauritius, the revenue generated in the Vitamins & Minerals market market in 2024 amounts to US$7.34.
It is projected that this market will experience an annual growth rate of 6.27% (CAGR 2024-2029).
When compared to other countries worldwide, in China generates the highest revenue in this market, with US$5,328.00 in 2024.
In terms of per person revenues, in Mauritius generates US$5.64 in 2024.
Mauritius has seen an increasing demand for natural and organic vitamins and minerals in the OTC Pharmaceuticals market.

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

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Currency

Analyst Opinion

The Vitamins & Minerals market in Mauritius is experiencing steady growth due to increasing customer preferences for health and wellness products.

Customer preferences: Customers in Mauritius are increasingly focused on maintaining a healthy lifestyle, which includes incorporating vitamins and minerals into their daily routines. This is driven by a growing awareness of the importance of proper nutrition and the role that vitamins and minerals play in supporting overall health and well-being. Additionally, there is a rising interest in preventive healthcare, as individuals seek to proactively manage their health and reduce the risk of chronic diseases. As a result, there is a growing demand for vitamins and minerals as a means of supplementing dietary deficiencies and supporting optimal health.

Trends in the market: One of the key trends in the Vitamins & Minerals market in Mauritius is the shift towards natural and organic products. Customers are increasingly seeking products that are free from artificial additives and preservatives, and are made from natural ingredients. This trend is driven by a desire for healthier and more sustainable options, as well as a preference for products that align with personal values and beliefs. As a result, there is a growing market for organic vitamins and minerals in Mauritius.Another trend in the market is the increasing popularity of personalized nutrition. Customers are seeking products that are tailored to their individual needs and preferences, and are willing to pay a premium for personalized solutions. This trend is driven by advancements in technology and the availability of personalized health data, which allows for more targeted and effective supplementation. As a result, there is a growing market for personalized vitamins and minerals in Mauritius.

Local special circumstances: Mauritius is a small island nation with a relatively high income level compared to other countries in the region. This has led to a higher purchasing power among consumers, allowing them to afford premium products such as vitamins and minerals. Additionally, Mauritius has a diverse population with a mix of cultural backgrounds, which has contributed to a demand for a wide range of vitamins and minerals that cater to different dietary preferences and requirements.

Underlying macroeconomic factors: The growth of the Vitamins & Minerals market in Mauritius is also supported by favorable macroeconomic factors. The country has a stable economy with a strong focus on tourism and services, which has led to a growing middle class and increased disposable income. This has resulted in higher consumer spending on health and wellness products, including vitamins and minerals. Furthermore, the government of Mauritius has implemented policies to promote a healthy lifestyle and preventive healthcare, which has further contributed to the growth of the market.In conclusion, the Vitamins & Minerals market in Mauritius is experiencing steady growth due to increasing customer preferences for health and wellness products. The trends in the market include a shift towards natural and organic products, as well as the growing popularity of personalized nutrition. The local special circumstances in Mauritius, such as a relatively high income level and a diverse population, contribute to the demand for a wide range of vitamins and minerals. The underlying macroeconomic factors, including a stable economy and government policies, further support the growth of the market.

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.