Hand Sanitizer (Pharmacies) - Haiti

Haiti

Highlights

Revenue in the Hand Sanitizer market is projected to reach US$885.00k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -5.20%, resulting in a market volume of US$677.80k 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$0.07 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Hand Sanitizer (Pharmacies) market in Haiti has seen significant growth in recent years. Customer preferences have shifted towards increased hygiene practices, leading to a higher demand for hand sanitizers. This trend is not unique to Haiti, as the global market for hand sanitizers has also experienced a surge in demand.

Customer preferences: In Haiti, as in many other countries, customers have become more conscious of the importance of hand hygiene. This increased awareness is driven by the ongoing COVID-19 pandemic and the need to prevent the spread of infectious diseases. As a result, customers are actively seeking out hand sanitizers as an essential part of their daily hygiene routine. Pharmacies have become the go-to destination for customers to purchase these products, as they trust the quality and authenticity of the hand sanitizers available in these establishments.

Trends in the market: The Hand Sanitizer (Pharmacies) market in Haiti has witnessed several trends. Firstly, there has been a surge in the number of local and international brands entering the market to meet the growing demand. These brands are introducing a wide range of hand sanitizers, catering to different customer preferences such as fragrance, texture, and packaging. Additionally, there has been a shift towards more sustainable and eco-friendly hand sanitizers, with customers showing a preference for products that are made from natural ingredients and are biodegradable. Another trend in the market is the increasing popularity of hand sanitizers with added moisturizing properties. With frequent use of hand sanitizers, customers have experienced dryness and irritation on their skin. To address this concern, brands have started incorporating moisturizing ingredients such as aloe vera and vitamin E into their hand sanitizers. This has resonated well with customers, leading to a higher demand for these moisturizing hand sanitizers.

Local special circumstances: Haiti, being a developing country, faces unique challenges in the Hand Sanitizer (Pharmacies) market. Limited access to clean water and sanitation facilities in some areas has led to an increased reliance on hand sanitizers as a primary means of hand hygiene. Additionally, the affordability of hand sanitizers is a key consideration for customers in Haiti. Local brands have emerged to cater to this specific need by offering more affordable options without compromising on quality.

Underlying macroeconomic factors: The growth of the Hand Sanitizer (Pharmacies) market in Haiti is also influenced by underlying macroeconomic factors. The country has experienced economic stability in recent years, leading to an increase in disposable income among the population. This has allowed customers to prioritize their health and hygiene, leading to a higher demand for hand sanitizers. Furthermore, the government and healthcare authorities in Haiti have actively promoted the use of hand sanitizers as part of their public health campaigns. This has further contributed to the growth of the market, as customers are encouraged to incorporate hand sanitizers into their daily routines. Overall, the Hand Sanitizer (Pharmacies) market in Haiti is developing due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The increased awareness of hand hygiene and the availability of a wide range of hand sanitizers in pharmacies have driven the growth of this market. With the ongoing focus on health and hygiene, the demand for hand sanitizers is expected to continue to rise in Haiti.

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.