Hand Sanitizer (Pharmacies) - Mauritius

  • Mauritius
  • Revenue in the Hand Sanitizer market is projected to reach US$0.82m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.07%, resulting in a market volume of US$1.05m by 2029.
  • In global comparison, most revenue will be generated in China (US$385.20m in 2024).
  • In relation to total population figures, per person revenues of US$0.63 are generated in 2024.

Key regions: Japan, United States, Europe, United Kingdom, Canada

 
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Analyst Opinion

The Hand Sanitizer (Pharmacies) market in Mauritius has experienced significant growth in recent years. Customer preferences have shifted towards increased hygiene and cleanliness, leading to a surge in demand for hand sanitizers. This trend is not unique to Mauritius, but is seen worldwide as a result of the COVID-19 pandemic.

Customer preferences:
The COVID-19 pandemic has heightened awareness of the importance of hand hygiene, leading to a change in customer preferences. Consumers are now more conscious of the need for regular hand sanitizing, especially when soap and water are not readily available. As a result, there has been a significant increase in the demand for hand sanitizers.

Trends in the market:
The Hand Sanitizer (Pharmacies) market in Mauritius has witnessed a surge in demand, with pharmacies struggling to keep up with the increased orders. This trend is expected to continue in the coming years as the importance of hand hygiene remains a priority for consumers. The market has also seen a rise in the number of local manufacturers producing hand sanitizers to meet the growing demand.

Local special circumstances:
Mauritius, being an island nation heavily reliant on tourism, has been severely impacted by the COVID-19 pandemic. The government has implemented strict measures to control the spread of the virus, including the closure of borders and the imposition of lockdowns. These measures have led to a decline in tourism, resulting in a shift in consumer behavior. With fewer tourists visiting the island, locals have become the primary consumers of hand sanitizers.

Underlying macroeconomic factors:
The Hand Sanitizer (Pharmacies) market in Mauritius is influenced by various macroeconomic factors. The government's response to the COVID-19 pandemic, including the implementation of lockdowns and travel restrictions, has had a significant impact on the market. Additionally, the economic downturn caused by the pandemic has resulted in reduced consumer spending power, leading to a shift in purchasing behavior. In conclusion, the Hand Sanitizer (Pharmacies) market in Mauritius has experienced significant growth due to increased customer preferences for hygiene and cleanliness. The COVID-19 pandemic has played a major role in driving this trend, with consumers becoming more conscious of the need for regular hand sanitizing. The market is expected to continue growing in the coming years, with local manufacturers stepping up production to meet the demand. However, the market is also influenced by local special circumstances, such as the decline in tourism, and underlying macroeconomic factors, including government response and economic downturn.

Methodology

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
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