Hand Sanitizer (Pharmacies) - Northern Europe

  • Northern Europe
  • Revenue in the Hand Sanitizer market is projected to reach US$14.66m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.17%, resulting in a market volume of US$16.32m 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$0.43 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 Northern Europe has witnessed significant growth in recent years.

Customer preferences:
Customers in Northern Europe have shown a growing preference for hand sanitizers due to their convenience and effectiveness in preventing the spread of germs and diseases. The increasing awareness about personal hygiene and the importance of hand sanitization has driven the demand for these products. Additionally, the COVID-19 pandemic has further accelerated the demand for hand sanitizers, as people prioritize their health and safety.

Trends in the market:
One of the key trends in the Hand Sanitizer (Pharmacies) market in Northern Europe is the rising demand for natural and organic hand sanitizers. Customers are increasingly becoming conscious about the ingredients used in their personal care products and are opting for products that are free from harmful chemicals. This trend is driven by the growing awareness about the potential health risks associated with certain synthetic ingredients. As a result, pharmacies in Northern Europe are stocking a wide range of natural and organic hand sanitizers to cater to this demand. Another trend in the market is the increasing availability of hand sanitizers in different formats. Apart from the traditional gel-based sanitizers, pharmacies in Northern Europe are now offering hand sanitizers in spray, foam, and wipe formats. This allows customers to choose the format that best suits their preferences and needs. The availability of different formats also caters to the growing demand for on-the-go sanitization solutions.

Local special circumstances:
Northern Europe is known for its high standards of cleanliness and hygiene. The region has a strong healthcare system and a culture of prioritizing personal hygiene. This cultural emphasis on cleanliness has contributed to the growing demand for hand sanitizers in the region. Additionally, the region experiences long and cold winters, which often result in the spread of seasonal illnesses. This has further fueled the demand for hand sanitizers, as people look for ways to protect themselves from germs and viruses.

Underlying macroeconomic factors:
The Hand Sanitizer (Pharmacies) market in Northern Europe is also influenced by several macroeconomic factors. The region has a high per capita income and a strong purchasing power, which allows customers to afford premium hand sanitizers. Additionally, the region has a well-developed healthcare system and a robust pharmaceutical industry, which ensures the availability of a wide range of hand sanitizers in pharmacies. The stringent regulations and quality standards in Northern Europe also contribute to the trust and confidence customers have in hand sanitizers sold in pharmacies. In conclusion, the Hand Sanitizer (Pharmacies) market in Northern Europe is witnessing growth due to the increasing customer preferences for convenient and effective personal hygiene products. The rising demand for natural and organic hand sanitizers, the availability of different formats, and the cultural emphasis on cleanliness are key trends in the market. The region's high standards of hygiene, cold winters, and strong purchasing power also contribute to the growth of the market. Overall, the Hand Sanitizer (Pharmacies) market in Northern Europe is expected to continue its upward trajectory 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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
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