Hand Sanitizer (Pharmacies) - Malaysia

Malaysia

Highlights

Revenue in the Hand Sanitizer market is projected to reach US$8.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 10.29%, resulting in a market volume of US$13.70m 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$0.24 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Hand Sanitizer (Pharmacies) market in Malaysia has witnessed significant growth in recent years.

Customer preferences: Customers in Malaysia have shown a growing preference for hand sanitizers, especially those available in pharmacies. This can be attributed to the increasing awareness about the importance of hand hygiene and the role hand sanitizers play in preventing the spread of diseases. Additionally, the convenience of purchasing hand sanitizers from pharmacies, which are easily accessible and trusted sources for healthcare products, has also contributed to the growing demand.

Trends in the market: One of the key trends in the Hand Sanitizer (Pharmacies) market in Malaysia is the rising demand for natural and organic hand sanitizers. As consumers become more conscious about the ingredients used in personal care products, they are seeking hand sanitizers that are free from harsh chemicals and artificial fragrances. This trend is in line with the global shift towards natural and eco-friendly products. Another trend in the market is the increasing availability of hand sanitizers with moisturizing properties. Traditional hand sanitizers often have a drying effect on the skin due to the high alcohol content. However, manufacturers have recognized this concern and have started to develop hand sanitizers that not only kill germs but also moisturize the skin, leaving it soft and supple.

Local special circumstances: The Hand Sanitizer (Pharmacies) market in Malaysia is influenced by several local special circumstances. One such circumstance is the country's tropical climate, which leads to high humidity and increased sweating. This creates a need for hand sanitizers that are effective in controlling perspiration-related odors and bacteria. Additionally, the ongoing COVID-19 pandemic has further fueled the demand for hand sanitizers in Malaysia. The government and health authorities have emphasized the importance of hand hygiene as a preventive measure against the virus, leading to a surge in demand for hand sanitizers across the country.

Underlying macroeconomic factors: The Hand Sanitizer (Pharmacies) market in Malaysia is also influenced by underlying macroeconomic factors. The country's growing middle-class population and increasing disposable income have contributed to the rise in consumer spending on personal care products, including hand sanitizers. Furthermore, the government's initiatives to promote health and hygiene awareness have played a significant role in driving the market. Public campaigns and educational programs have increased the understanding of the importance of hand sanitizers, leading to a higher demand for these products. In conclusion, the Hand Sanitizer (Pharmacies) market in Malaysia has experienced significant growth due to customer preferences for convenient and trusted sources of healthcare products. The market has witnessed trends such as the demand for natural and organic hand sanitizers and the availability of moisturizing variants. Local special circumstances, such as the tropical climate and the COVID-19 pandemic, have also contributed to the market's development. Moreover, underlying macroeconomic factors such as the growing middle-class population and government initiatives have further driven the market's 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.