Hand Sanitizer (Pharmacies) - Israel

Israel

Highlights

Revenue in the Hand Sanitizer market is projected to reach US$7.83m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.01%, resulting in a market volume of US$10.00m 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$0.84 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Hand Sanitizer (Pharmacies) market in Israel has experienced significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in the Hand Sanitizer (Pharmacies) market in Israel have shifted towards products that prioritize effectiveness and convenience. Consumers are increasingly seeking hand sanitizers that are not only capable of killing germs, but also gentle on the skin. This has led to a rise in demand for hand sanitizers that contain moisturizing ingredients and have a pleasant fragrance. Additionally, there is a growing preference for portable and travel-friendly hand sanitizers, as people are becoming more conscious about maintaining hand hygiene on the go. Trends in the market have also played a significant role in the development of the Hand Sanitizer (Pharmacies) market in Israel. The COVID-19 pandemic has heightened awareness about the importance of hand hygiene, resulting in increased demand for hand sanitizers. This trend is expected to continue as people continue to prioritize health and hygiene even after the pandemic subsides. Furthermore, the rise of e-commerce platforms has made it easier for consumers to access a wide range of hand sanitizers, further driving market growth. Local special circumstances have also contributed to the growth of the Hand Sanitizer (Pharmacies) market in Israel. The country has a well-developed healthcare system and a high level of health consciousness among its population. This has created a favorable environment for the sale and consumption of hand sanitizers. Additionally, the Israeli government has implemented strict regulations and guidelines to ensure the quality and safety of hand sanitizers, which has further boosted consumer confidence in these products. Underlying macroeconomic factors have also played a role in the development of the Hand Sanitizer (Pharmacies) market in Israel. The country has a strong economy and a high standard of living, which has allowed consumers to prioritize health and hygiene products. Additionally, the government has implemented various measures to promote public health and hygiene, which has further increased the demand for hand sanitizers. In conclusion, the Hand Sanitizer (Pharmacies) market in Israel has experienced significant growth due to changing customer preferences, emerging market trends, local special circumstances, and underlying macroeconomic factors. As consumers continue to prioritize health and hygiene, the demand for hand sanitizers is expected to remain strong 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.