Hand Sanitizer (Pharmacies) - Morocco

  • Morocco
  • Revenue in the Hand Sanitizer market is projected to reach US$6.26m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.64%, resulting in a market volume of US$7.13m 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$0.16 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 Morocco has experienced significant growth in recent years, driven by changing customer preferences and local special circumstances.

Customer preferences:
Customers in the Hand Sanitizer (Pharmacies) market in Morocco have shown a growing preference for products that offer convenience, effectiveness, and safety. With the increasing awareness about the importance of hand hygiene, customers are seeking hand sanitizers that are easy to use, have a pleasant fragrance, and provide long-lasting protection against germs. Additionally, customers are also looking for hand sanitizers that are gentle on the skin and do not cause any irritation or dryness. These preferences are driving the demand for innovative hand sanitizer products in the market.

Trends in the market:
One of the key trends in the Hand Sanitizer (Pharmacies) market in Morocco is the rising demand for natural and organic hand sanitizers. Customers are becoming more conscious about the ingredients used in their personal care products and are opting for products that are free from harmful chemicals. This trend is driving the growth of natural and organic hand sanitizer brands in the market. Another trend in the market is the increasing availability of hand sanitizers with different fragrances. Manufacturers are introducing a wide range of fragrances to cater to the diverse preferences of customers. This trend is not only attracting new customers but also encouraging existing customers to try different hand sanitizer products.

Local special circumstances:
Morocco has a high population density, especially in urban areas, which increases the risk of the spread of infectious diseases. This has led to a greater emphasis on hand hygiene and the use of hand sanitizers. The government and healthcare authorities in Morocco have also been promoting hand hygiene as a preventive measure against diseases, which has further increased the demand for hand sanitizers in the market.

Underlying macroeconomic factors:
The growing economy of Morocco, coupled with increasing disposable incomes, has contributed to the growth of the Hand Sanitizer (Pharmacies) market. As people have more purchasing power, they are willing to spend on personal care products, including hand sanitizers. Additionally, the tourism industry in Morocco has been growing steadily, attracting a large number of international visitors. This has created a significant demand for hand sanitizers in hotels, restaurants, and other public places, further boosting the market growth. In conclusion, the Hand Sanitizer (Pharmacies) market in Morocco is witnessing growth due to changing customer preferences, including a preference for natural and organic products, and the increasing emphasis on hand hygiene. The local special circumstances, such as high population density and government initiatives, have also contributed to the market growth. The underlying macroeconomic factors, such as the growing economy and increasing disposable incomes, have further fueled the demand for hand sanitizers in the market.

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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