Hand Sanitizer (Pharmacies) - Fiji

Fiji

Highlights

Revenue in the Hand Sanitizer market is projected to reach US$144.10k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.00%, resulting in a market volume of US$184.00k 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$0.15 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

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

Customer preferences: Customers in Fiji have shown an increased preference for hand sanitizers due to rising awareness about personal hygiene and the importance of hand hygiene in preventing the spread of infections. This shift in consumer behavior can be attributed to the global COVID-19 pandemic, which has highlighted the importance of hand sanitizers as an effective tool in maintaining cleanliness and preventing the transmission of diseases.

Trends in the market: The Hand Sanitizer (Pharmacies) market in Fiji has experienced a surge in demand, with pharmacies witnessing a significant increase in sales of hand sanitizers. This trend can be attributed to the growing emphasis on health and hygiene, as well as the convenience of purchasing hand sanitizers from pharmacies. Pharmacies are considered reliable sources for healthcare products, and customers prefer to purchase hand sanitizers from these establishments due to the trust and credibility associated with them.

Local special circumstances: Fiji, being an island nation, has a unique set of circumstances that contribute to the growth of the Hand Sanitizer (Pharmacies) market. The country relies heavily on tourism, and with the reopening of international borders, there is an increased focus on maintaining hygiene standards to ensure the safety of tourists. This has led to a higher demand for hand sanitizers in hotels, resorts, and other tourist establishments, which subsequently drives the demand in the pharmacies.

Underlying macroeconomic factors: The growth of the Hand Sanitizer (Pharmacies) market in Fiji is also influenced by underlying macroeconomic factors. The country has a stable economy with a growing middle class population, which has led to increased disposable income and purchasing power. As a result, consumers are more willing to spend on healthcare and hygiene products, including hand sanitizers. Additionally, the government of Fiji has implemented various initiatives and campaigns to promote hygiene practices, which has further fueled the demand for hand sanitizers. In conclusion, the Hand Sanitizer (Pharmacies) market in Fiji is witnessing significant growth due to changing customer preferences, global trends, local special circumstances, and underlying macroeconomic factors. The increased emphasis on personal hygiene and the importance of hand sanitizers in preventing the spread of diseases have driven the demand for these products. With the reopening of international borders and the focus on maintaining hygiene standards, the demand for hand sanitizers is expected to continue to grow in the coming years.

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.