Hand Sanitizer (Pharmacies) - Belgium

Belgium

Highlights

Revenue in the Hand Sanitizer market is projected to reach US$10.75m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.37%, resulting in a market volume of US$12.69m by 2029.
In global comparison, most revenue will be generated China (US$385.20m in 2024).
In relation to total population figures, per person revenues of US$0.92 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

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

Customer preferences: Customers in Belgium have shown a growing preference for hand sanitizers as a convenient and effective way to maintain hygiene. The increasing awareness about the importance of hand hygiene, especially in preventing the spread of infectious diseases, has led to a surge in demand for hand sanitizers. Additionally, the convenience of using hand sanitizers, especially in public places where access to soap and water may be limited, has further contributed to their popularity among customers.

Trends in the market: One of the key trends in the Hand Sanitizer (Pharmacies) market in Belgium is the increasing availability and variety of hand sanitizers. Pharmacies in Belgium have expanded their product offerings to include a wide range of hand sanitizers, catering to different customer preferences and needs. This includes hand sanitizers with different scents, formulations, and packaging options. The availability of a diverse range of hand sanitizers has allowed customers to choose products that suit their preferences and requirements. Another trend in the market is the growing demand for natural and organic hand sanitizers. Customers in Belgium are increasingly seeking products that are made from natural ingredients and free from harsh chemicals. This trend is in line with the broader consumer shift towards more sustainable and eco-friendly products. As a result, pharmacies in Belgium have started offering a variety of natural and organic hand sanitizers to cater to this growing demand.

Local special circumstances: Belgium has a highly developed healthcare system, which includes a well-established network of pharmacies. Pharmacies in Belgium play a crucial role in providing healthcare products and services to the population. The strong presence of pharmacies in the country has contributed to the growth of the Hand Sanitizer (Pharmacies) market. Customers in Belgium trust and rely on pharmacies for their healthcare needs, including hand sanitizers. This has created a favorable environment for the growth of the market.

Underlying macroeconomic factors: The growth of the Hand Sanitizer (Pharmacies) market in Belgium can be attributed to several underlying macroeconomic factors. Firstly, the increasing awareness about the importance of hand hygiene has been driven by public health campaigns and initiatives. The government and healthcare organizations in Belgium have actively promoted hand hygiene as a preventive measure against infectious diseases, which has led to a higher demand for hand sanitizers. Secondly, the COVID-19 pandemic has also played a significant role in driving the growth of the market. The outbreak of the pandemic has created a heightened awareness about the importance of hand hygiene, leading to an increased demand for hand sanitizers. The government and health authorities in Belgium have recommended the use of hand sanitizers as a preventive measure against the spread of the virus, further fueling the demand. Overall, the Hand Sanitizer (Pharmacies) market in Belgium is experiencing growth due to the increasing customer preferences for hand sanitizers, the availability of a diverse range of products, the strong presence of pharmacies, and the underlying macroeconomic factors such as public health campaigns and the COVID-19 pandemic.

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.