Hand Sanitizer (Pharmacies) - GCC

GCC

Highlights

Revenue in the Hand Sanitizer market is projected to reach US$21.76m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.19%, resulting in a market volume of US$28.02m 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$0.36 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

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

Customer preferences: Customers in the GCC region have shown a growing preference for hand sanitizers, particularly those sold in pharmacies. This can be attributed to the increasing awareness about the importance of hand hygiene in preventing the spread of diseases, especially in light of recent global health crises. Hand sanitizers are considered convenient and effective in killing germs and bacteria, making them a popular choice among consumers.

Trends in the market: One of the key trends in the Hand Sanitizer (Pharmacies) market in GCC is the rising demand for natural and organic hand sanitizers. Consumers are becoming more conscious about the ingredients used in personal care products and are seeking products that are free from harmful chemicals. As a result, pharmacies in the GCC region are offering a wide range of natural and organic hand sanitizers to cater to this growing demand. Another trend in the market is the increasing availability of hand sanitizers with moisturizing properties. Regular use of hand sanitizers can sometimes lead to dryness and irritation of the skin. To address this concern, pharmacies in the GCC region are introducing hand sanitizers that contain moisturizing ingredients such as aloe vera and glycerin. This not only helps in keeping the hands clean but also ensures that they remain soft and hydrated.

Local special circumstances: The Hand Sanitizer (Pharmacies) market in GCC is also influenced by local cultural and religious practices. The region has a large Muslim population, and Islam emphasizes the importance of cleanliness and hygiene. As a result, there is a high demand for hand sanitizers in the GCC region, particularly during religious events and gatherings. Pharmacies play a crucial role in meeting this demand by providing a wide range of hand sanitizers to cater to the needs of the local population.

Underlying macroeconomic factors: The growth of the Hand Sanitizer (Pharmacies) market in GCC can be attributed to several macroeconomic factors. The region has a high population density, which increases the risk of the spread of infectious diseases. This has led to a greater emphasis on hand hygiene and has contributed to the increasing demand for hand sanitizers. Additionally, the GCC region has a high disposable income, which allows consumers to spend more on personal care products. This has created a favorable market environment for pharmacies selling hand sanitizers. Furthermore, the presence of a well-developed healthcare infrastructure and a strong pharmaceutical industry in the GCC region has facilitated the distribution and availability of hand sanitizers in pharmacies. In conclusion, the Hand Sanitizer (Pharmacies) market in GCC is experiencing significant growth due to increasing customer preferences for hand sanitizers, rising demand for natural and organic products, and the availability of hand sanitizers with moisturizing properties. Local cultural and religious practices, along with favorable macroeconomic factors, have also contributed to the growth of this market in the GCC region.

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.