Market Insights Health OTC Pharmaceuticals

Vitamins & Minerals - Sudan

Sudan

In Sudan, the Vitamins & Minerals market market generated a revenue of US$34.50m in 2024.
It is projected to experience an annual growth rate of -22.43% (CAGR 2024-2029).
When comparing globally, in China leads the market with a revenue of US$5,328.00m in 2024.
In terms of per capita income, each person in Sudan generated a revenue of US$0.70 in 2024.
Sudan's growing middle class is driving increased demand for vitamins and minerals in the OTC Pharmaceuticals market.

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

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Analyst Opinion

The Vitamins & Minerals market in Sudan has been experiencing steady growth in recent years, driven by increasing consumer awareness of the importance of maintaining a healthy lifestyle. Customer preferences in the Vitamins & Minerals market in Sudan are influenced by a number of factors. Firstly, there is a growing demand for natural and organic products, as consumers are becoming more conscious of the potential health risks associated with synthetic ingredients. This has led to an increase in the production and consumption of vitamins and minerals derived from natural sources. Additionally, there is a preference for products that are easy to consume and integrate into daily routines, such as gummies or chewable tablets.Trends in the Vitamins & Minerals market in Sudan indicate a shift towards targeted supplementation. Consumers are increasingly looking for products that address specific health concerns or meet their individual nutritional needs. This has led to the development of specialized vitamin and mineral formulations that target specific age groups, genders, or health conditions. For example, there is a growing demand for prenatal vitamins among pregnant women, as well as supplements for bone health among the elderly.Local special circumstances in Sudan also play a role in shaping the Vitamins & Minerals market. Sudan has a high prevalence of malnutrition, particularly among children, which has created a need for nutritional supplements. The government and non-profit organizations have been working to address this issue by providing fortified food products and vitamin supplements to vulnerable populations. This has led to an increase in the availability and consumption of vitamins and minerals in the country.Underlying macroeconomic factors contribute to the development of the Vitamins & Minerals market in Sudan. Economic growth and rising disposable incomes have increased consumer purchasing power, allowing more individuals to afford and prioritize health and wellness products. Additionally, improvements in healthcare infrastructure and access to information have contributed to increased awareness of the benefits of vitamins and minerals, driving demand in the market.In conclusion, the Vitamins & Minerals market in Sudan is experiencing growth due to increasing consumer awareness, preferences for natural and targeted supplementation, local special circumstances, and underlying macroeconomic factors. As the market continues to develop, it is expected that there will be further innovation in product offerings and increased availability of vitamins and minerals to meet the diverse needs of consumers.

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.