Hand Sanitizer (Pharmacies) - Gambia

Gambia

Highlights

Revenue in the Hand Sanitizer market is projected to reach US$74.54k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.80%, resulting in a market volume of US$94.21k 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$0.03 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

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

Customer preferences: Customers in Gambia have shown a growing preference for hand sanitizers due to their convenience and effectiveness in preventing the spread of germs and diseases. The global COVID-19 pandemic has further heightened the demand for hand sanitizers, as people have become more conscious of their personal hygiene and the need to maintain clean hands. In addition, hand sanitizers are often seen as a more convenient alternative to traditional handwashing, especially in situations where soap and water are not readily available.

Trends in the market: One of the key trends in the Hand Sanitizer (Pharmacies) market in Gambia is the increasing availability and variety of hand sanitizer products. Pharmacies in the country have been expanding their product offerings to meet the growing demand, with a wide range of hand sanitizer brands and formulations now available. This trend is driven by both local and international manufacturers who are capitalizing on the market opportunity. Another trend in the market is the rising popularity of natural and organic hand sanitizers. Consumers in Gambia, like many other parts of the world, are becoming more conscious of the ingredients used in their personal care products. As a result, there is a growing demand for hand sanitizers that are made from natural and organic ingredients, free from harsh chemicals and artificial fragrances. Pharmacies in Gambia have responded to this trend by stocking a variety of natural and organic hand sanitizers to cater to the preferences of their customers.

Local special circumstances: Gambia, like many other developing countries, has a high prevalence of infectious diseases. This has contributed to the increased demand for hand sanitizers as people seek to protect themselves from illness-causing germs. Additionally, the country has a tropical climate, which can be conducive to the spread of certain diseases. This further emphasizes the importance of hand hygiene and the use of hand sanitizers.

Underlying macroeconomic factors: The Hand Sanitizer (Pharmacies) market in Gambia is also influenced by underlying macroeconomic factors. The country has been experiencing steady economic growth in recent years, leading to an increase in disposable income among the population. This has resulted in higher consumer spending on personal care products, including hand sanitizers. Furthermore, the government of Gambia has implemented various public health campaigns to promote hand hygiene, which has further contributed to the growing demand for hand sanitizers. In conclusion, the Hand Sanitizer (Pharmacies) market in Gambia is witnessing significant growth due to the increasing customer preference for hand sanitizers, driven by the convenience and effectiveness of these products. The market is characterized by a wide range of hand sanitizer brands and formulations, including natural and organic options. The local special circumstances, such as the high prevalence of infectious diseases and the tropical climate, further contribute to the demand for hand sanitizers. The underlying macroeconomic factors, such as economic growth and government initiatives, also play a role in driving the market growth.

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.