Hand Sanitizer (Pharmacies) - Namibia

Namibia

Highlights

Revenue in the Hand Sanitizer market is projected to reach US$470.40k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.62%, resulting in a market volume of US$561.80k 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$0.18 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Hand Sanitizer (Pharmacies) market in Namibia has been experiencing significant growth in recent years.

Customer preferences: Customers in Namibia have shown a growing preference for hand sanitizers, particularly those available in pharmacies. This can be attributed to the rising awareness about the importance of hand hygiene in preventing the spread of diseases. Additionally, the convenience of purchasing hand sanitizers from pharmacies, which are easily accessible and often trusted sources of healthcare products, has contributed to the popularity of this distribution channel.

Trends in the market: One of the key trends in the Hand Sanitizer (Pharmacies) market in Namibia is the increasing demand for natural and organic hand sanitizers. Consumers are becoming more conscious of the ingredients used in personal care products and are seeking safer and more environmentally friendly options. This trend aligns with the global shift towards natural and organic products, and manufacturers are responding by introducing hand sanitizers that are free from harsh chemicals and artificial fragrances. Another trend in the market is the growing popularity of pocket-sized hand sanitizers. These compact and portable products are convenient for on-the-go use and have gained traction among consumers who prioritize cleanliness and hygiene while traveling or in public places. The demand for pocket-sized hand sanitizers has been further fueled by the COVID-19 pandemic, which has heightened awareness about the importance of hand hygiene.

Local special circumstances: Namibia, like many other countries, has been impacted by the COVID-19 pandemic. The outbreak has led to increased hygiene consciousness among the population, resulting in a surge in demand for hand sanitizers. Pharmacies have played a crucial role in meeting this demand by ensuring the availability of hand sanitizers and other essential healthcare products. The trust and credibility associated with pharmacies have made them a preferred channel for purchasing hand sanitizers, especially during times of crisis.

Underlying macroeconomic factors: Namibia has a relatively small population compared to other countries, which has limited the overall size of the Hand Sanitizer (Pharmacies) market. However, the market has witnessed steady growth due to factors such as increasing urbanization, rising disposable incomes, and changing consumer lifestyles. These factors have contributed to the growing awareness and adoption of hand sanitizers as an essential personal care product. In conclusion, the Hand Sanitizer (Pharmacies) market in Namibia is experiencing growth driven by customer preferences for hand sanitizers available in pharmacies, the increasing demand for natural and organic products, and the popularity of pocket-sized sanitizers. The COVID-19 pandemic has further accelerated the market growth by emphasizing the importance of hand hygiene. Despite its relatively small size, the market is expected to continue expanding due to underlying macroeconomic factors such as urbanization, rising disposable incomes, and changing consumer lifestyles.

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.