Market Insights Health Pharmacies OTC Products

Hand Sanitizer (Pharmacies) - Australia

Australia

Revenue in the Hand Sanitizer market is projected to reach US$51.87m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.98%, resulting in a market volume of US$66.14m 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$1.94 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 Australia has experienced significant growth in recent years, driven by changing customer preferences and global trends.

Customer preferences: Customers in Australia have become increasingly aware of the importance of hand hygiene, especially in the wake of global health crises such as the COVID-19 pandemic. As a result, there has been a surge in demand for hand sanitizers, particularly in pharmacies where customers can easily access these products. Customers are also seeking hand sanitizers that are effective, convenient to use, and gentle on the skin.

Trends in the market: The Hand Sanitizer (Pharmacies) market in Australia has witnessed several key trends. Firstly, there has been a shift towards natural and organic hand sanitizers, as customers are becoming more conscious of the ingredients used in these products. This trend aligns with the overall shift towards natural and sustainable products in the personal care industry. Secondly, there has been a rise in the popularity of travel-sized hand sanitizers, as customers are increasingly looking for portable and convenient options to carry with them on the go. This trend is driven by the busy and mobile lifestyles of Australians, who often travel for work or leisure. Furthermore, there has been an increase in the availability of scented hand sanitizers in pharmacies. This trend caters to customer preferences for pleasant fragrances and adds an element of luxury to the hand sanitizing experience.

Local special circumstances: Australia's unique geography and climate have also influenced the Hand Sanitizer (Pharmacies) market. The country's vast size and diverse landscapes make it prone to natural disasters such as bushfires and droughts. These events often result in increased awareness of hygiene practices and the need for hand sanitizers to prevent the spread of diseases. Additionally, Australia's high levels of ultraviolet (UV) radiation have led to the development of hand sanitizers with added sun protection. This innovation addresses the specific needs of Australians who spend a significant amount of time outdoors and need protection from the harmful effects of UV rays.

Underlying macroeconomic factors: The Hand Sanitizer (Pharmacies) market in Australia is also influenced by underlying macroeconomic factors. The country's strong economy and high disposable income levels have contributed to increased consumer spending on personal care products, including hand sanitizers. Furthermore, the government's focus on public health and hygiene has led to initiatives and campaigns promoting hand hygiene practices, which in turn have driven demand for hand sanitizers. In conclusion, the Hand Sanitizer (Pharmacies) market in Australia is developing in response to changing customer preferences, global trends, local special circumstances, and underlying macroeconomic factors. The market has witnessed a shift towards natural and organic products, an increase in demand for travel-sized options, and the availability of scented hand sanitizers. Australia's unique geography, climate, and focus on public health have also influenced the market. Overall, the market is expected to continue growing as hand hygiene remains a priority for Australians.

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.