Hand Sanitizer (Pharmacies) - Botswana

Botswana

Highlights

Revenue in the Hand Sanitizer market is projected to reach US$383.80k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.89%, resulting in a market volume of US$464.50k 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$0.14 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Hand Sanitizer (Pharmacies) market in Botswana has experienced significant growth in recent years, driven by changing customer preferences and global trends.

Customer preferences: Customer preferences for hand sanitizers have shifted towards products that are convenient, effective, and safe. Consumers are increasingly looking for hand sanitizers that are easy to carry and use, with a preference for pocket-sized bottles that can be easily stored in purses or pockets. Additionally, there is a growing demand for hand sanitizers that are alcohol-based and have a high concentration of active ingredients, as these are perceived to be more effective in killing germs and viruses.

Trends in the market: One of the key trends in the Hand Sanitizer (Pharmacies) market in Botswana is the increasing adoption of online shopping. With the rise of e-commerce platforms and the convenience they offer, more consumers are choosing to purchase hand sanitizers online. This trend has been further accelerated by the COVID-19 pandemic, as consumers are increasingly avoiding physical stores and opting for contactless shopping experiences. Another trend in the market is the growing awareness of the importance of hand hygiene. The COVID-19 pandemic has highlighted the need for regular hand sanitization, leading to an increased demand for hand sanitizers in Botswana. This trend is expected to continue even after the pandemic, as consumers have become more conscious of the role hand sanitizers play in preventing the spread of diseases.

Local special circumstances: Botswana, like many other countries, has implemented strict measures to contain the spread of COVID-19. These measures include the closure of non-essential businesses and the implementation of social distancing guidelines. As a result, consumers are increasingly relying on pharmacies to purchase essential items such as hand sanitizers. Pharmacies have become a trusted source for these products, as they are perceived to have a wide range of options and provide expert advice on hand hygiene practices.

Underlying macroeconomic factors: The Hand Sanitizer (Pharmacies) market in Botswana is also influenced by underlying macroeconomic factors. The country has a relatively stable economy and a growing middle class, which has led to increased disposable income and higher consumer spending. This, coupled with the rising awareness of the importance of hand hygiene, has contributed to the growing demand for hand sanitizers in the country. In conclusion, the Hand Sanitizer (Pharmacies) market in Botswana is experiencing growth due to changing customer preferences, including a preference for convenient and effective products. The market is also influenced by global trends such as the increasing adoption of online shopping and the growing awareness of hand hygiene. Additionally, local special circumstances, such as the closure of non-essential businesses and the reliance on pharmacies for essential items, have further contributed to the growth of the market.

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.