Market Insights Health Pharmacies OTC Products

Hand Sanitizer (Pharmacies) - Niger

Niger

Revenue in the Hand Sanitizer market is projected to reach US$1.03m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.23%, resulting in a market volume of US$1.15m 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$0.04 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 Niger has experienced significant growth in recent years, driven by changing customer preferences and local special circumstances.

Customer preferences: Customers in Niger have increasingly prioritized hygiene and cleanliness, leading to a higher demand for hand sanitizers. This trend has been further accelerated by the global COVID-19 pandemic, which has heightened awareness about the importance of hand hygiene. As a result, consumers are seeking convenient and effective hand sanitizers to protect themselves from germs and viruses.

Trends in the market: The Hand Sanitizer (Pharmacies) market in Niger has witnessed a surge in demand, with both domestic and international brands expanding their presence in the country. This growth can be attributed to several factors. Firstly, there has been an increased emphasis on personal hygiene, with individuals incorporating hand sanitizers into their daily routines. Secondly, the government and health authorities have been promoting the use of hand sanitizers as a preventive measure against the spread of infectious diseases. This has further fueled the demand for hand sanitizers in the market.

Local special circumstances: Niger faces unique challenges that have contributed to the growth of the Hand Sanitizer (Pharmacies) market. The country has a high population density, particularly in urban areas, which increases the risk of disease transmission. Additionally, access to clean water and sanitation facilities is limited in some regions, making hand sanitizers a convenient alternative for maintaining hygiene. The affordability and availability of hand sanitizers in local pharmacies have made them accessible to a wide range of consumers, further driving market growth.

Underlying macroeconomic factors: The economic development and rising disposable incomes in Niger have also played a role in the growth of the Hand Sanitizer (Pharmacies) market. As more individuals have the means to purchase hygiene products, the demand for hand sanitizers has increased. Furthermore, the government's efforts to promote healthcare and hygiene have resulted in increased spending on healthcare products, including hand sanitizers. In conclusion, the Hand Sanitizer (Pharmacies) market in Niger has experienced significant growth due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The increased focus on hygiene and cleanliness, along with the promotion of hand sanitizers by the government, has driven the demand for these products. As the importance of hand hygiene continues to be emphasized, the market is expected to witness further growth in the coming years.

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.