Hand Sanitizer (Pharmacies) - Chile

  • Chile
  • Revenue in the Hand Sanitizer market is projected to reach US$17.41m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.52%, resulting in a market volume of US$19.72m 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$0.89 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 Chile has experienced significant growth in recent years, driven by changing customer preferences and increasing awareness of the importance of hand hygiene.

Customer preferences:
Customers in Chile have shown a growing preference for hand sanitizers as a convenient and effective way to maintain hand hygiene. The ease of use and portability of hand sanitizers make them a popular choice among consumers, especially those who are constantly on the go. Additionally, the increasing concern about the spread of germs and diseases has led to a greater demand for hand sanitizers as a preventive measure.

Trends in the market:
One of the key trends in the Hand Sanitizer (Pharmacies) market in Chile is the rising demand for natural and organic hand sanitizers. Consumers are becoming more conscious of the ingredients used in personal care products and are opting for products that are free from harsh chemicals. This trend is in line with the global shift towards natural and organic products, driven by the growing awareness of the potential health risks associated with synthetic ingredients. Another trend in the market is the increasing availability of hand sanitizers with added moisturizing properties. Regular use of hand sanitizers can often lead to dry and irritated skin, and consumers are now seeking products that not only kill germs but also keep their hands moisturized. This trend reflects the growing emphasis on overall hand health and comfort.

Local special circumstances:
Chile has a well-developed healthcare system, and pharmacies play a crucial role in providing healthcare products to the population. Pharmacies in Chile are often the go-to destination for consumers seeking hand sanitizers, as they offer a wide range of products and have knowledgeable staff who can provide advice on the best options for specific needs.

Underlying macroeconomic factors:
The Hand Sanitizer (Pharmacies) market in Chile is also influenced by macroeconomic factors such as population growth, urbanization, and disposable income levels. As the population continues to grow and more people move to urban areas, the demand for hand sanitizers is likely to increase. Additionally, rising disposable incomes enable consumers to spend more on personal care products, including hand sanitizers. In conclusion, the Hand Sanitizer (Pharmacies) market in Chile is witnessing significant growth due to changing customer preferences, including a preference for natural and organic products and hand sanitizers with moisturizing properties. The availability of a wide range of products in pharmacies and the country's well-developed healthcare system also contribute to the market's development. Furthermore, underlying macroeconomic factors such as population growth and disposable income levels play a role in driving the demand for hand sanitizers in Chile.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
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