Market Insights Health Pharmacies OTC Products

Hand Sanitizer (Pharmacies) - Angola

Angola

Revenue in the Hand Sanitizer market is projected to reach US$3.19m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 14.87%, resulting in a market volume of US$6.38m by 2029.
In global comparison, most revenue will be generated in China (US$385.20m in 2024).
In relation to total population figures, per person revenues of US$0.08 are generated in 2024.

Key regions: Japan, United States, Europe, United Kingdom, Canada

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Analyst Opinion

The Hand Sanitizer (Pharmacies) market in Angola has been experiencing significant growth in recent years.

Customer preferences: Angolan consumers have shown a growing preference for hand sanitizers in pharmacies due to their convenience and effectiveness in preventing the spread of germs and diseases. With an increasing awareness of personal hygiene, especially in the wake of the COVID-19 pandemic, the demand for hand sanitizers has skyrocketed.

Trends in the market: One of the key trends in the Hand Sanitizer (Pharmacies) market in Angola is the shift towards natural and organic products. Consumers are becoming more conscious of the ingredients used in hand sanitizers and are opting for products that are free from harsh chemicals. This trend is in line with the global movement towards natural and eco-friendly products. Another trend in the market is the rising popularity of hand sanitizers with added moisturizing properties. Many hand sanitizers tend to dry out the skin, and consumers are increasingly looking for products that not only kill germs but also keep their hands moisturized and nourished. This trend is driven by the desire for products that offer a holistic approach to hand hygiene.

Local special circumstances: Angola is a country with a high population density and limited access to clean water and sanitation facilities in some areas. This makes hand sanitizers a convenient and effective alternative for maintaining hand hygiene. Additionally, the country has experienced several disease outbreaks in the past, such as cholera and Ebola, which have heightened the importance of hand hygiene among the population.

Underlying macroeconomic factors: The Hand Sanitizer (Pharmacies) market in Angola is also influenced by macroeconomic factors such as population growth, urbanization, and increasing disposable incomes. As the population continues to grow and more people move to urban areas, the demand for hand sanitizers is expected to increase. Furthermore, rising disposable incomes enable consumers to afford higher-priced hand sanitizers and other personal care products. In conclusion, the Hand Sanitizer (Pharmacies) market in Angola is witnessing significant growth due to the increasing awareness of personal hygiene, the shift towards natural and organic products, and the rising popularity of moisturizing hand sanitizers. The country's high population density, limited access to clean water, and previous disease outbreaks also contribute to the growing demand for hand sanitizers. Additionally, macroeconomic factors such as population growth, urbanization, and increasing disposable incomes play a role in driving the market's development.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on offline and online spending by consumers, including VAT. Not included are B2B and B2G sales, or other pharmaceutical sales through hospitals or retail stores such as supermarkets.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market market. As a basis for evaluating markets, we use industry associations, third-party studies and reports and survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per country, consumer healthcare spending, GDP and internet penetration. 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 relevant market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. For forecasting digital trends such as the online-pharmacy sales share we use exponential trend smoothing and the s-curve method. The main drivers are healthcare expenditure per country and consumer healthcare spending.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. GCS data is reweighted for representativeness.