Hand Sanitizer (Pharmacies) - Gabon

  • Gabon
  • Revenue in the Hand Sanitizer market is projected to reach US$0.50m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.79%, resulting in a market volume of US$0.52m 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$0.20 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 Gabon has witnessed significant growth in recent years, driven by changing customer preferences and global trends.

Customer preferences:
Customers in Gabon have become increasingly conscious about personal hygiene and the importance of hand sanitization. This shift in consumer behavior has led to a higher demand for hand sanitizers in pharmacies. Additionally, the outbreak of infectious diseases such as COVID-19 has further accelerated the demand for hand sanitizers as people prioritize their health and safety.

Trends in the market:
One of the key trends in the Hand Sanitizer (Pharmacies) market in Gabon is the growing popularity of alcohol-based hand sanitizers. These sanitizers are considered more effective in killing germs and bacteria, leading to a higher demand from customers. Moreover, customers are also looking for hand sanitizers that are gentle on the skin and do not cause any irritation or dryness. Another trend in the market is the increasing use of natural and organic ingredients in hand sanitizers. Customers are becoming more conscious about the chemicals they are exposed to and are opting for products that are free from harsh chemicals and artificial fragrances. This trend is in line with the global shift towards natural and eco-friendly products.

Local special circumstances:
Gabon is a country with a tropical climate, which can lead to higher levels of humidity. This creates an environment conducive to the growth of bacteria and germs, making hand sanitization even more important. Customers in Gabon are aware of this and are more inclined to use hand sanitizers as a preventive measure against infections.

Underlying macroeconomic factors:
The Hand Sanitizer (Pharmacies) market in Gabon is also influenced by underlying macroeconomic factors. The country has experienced steady economic growth in recent years, leading to an increase in disposable income among the population. This has resulted in higher purchasing power and an increased willingness to spend on personal care products, including hand sanitizers. Furthermore, the government of Gabon has implemented various initiatives to promote personal hygiene and public health. This includes awareness campaigns and regulations that require the availability of hand sanitizers in public places and healthcare facilities. These initiatives have further contributed to the growth of the Hand Sanitizer (Pharmacies) market in Gabon. In conclusion, the Hand Sanitizer (Pharmacies) market in Gabon is witnessing growth due to changing customer preferences, including the preference for alcohol-based sanitizers and natural ingredients. The local climate and underlying macroeconomic factors also play a role in driving the demand for hand sanitizers. As customers become more conscious about personal hygiene and the importance of hand sanitization, the market is expected to continue growing in the coming years.

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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