Market Insights Health Pharmacies OTC Products

Hand Sanitizer (Pharmacies) - United Kingdom

United Kingdom

Revenue in the Hand Sanitizer market is projected to reach US$33.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.71%, resulting in a market volume of US$46.22m 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$0.49 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 United Kingdom has been experiencing significant growth in recent years.

Customer preferences: In response to the ongoing global pandemic, there has been a surge in demand for hand sanitizers across the world, including in United Kingdom. Customers are increasingly prioritizing personal hygiene and are seeking effective ways to protect themselves from germs and viruses. Hand sanitizers have become an essential item for many individuals, leading to a higher demand for these products in pharmacies.

Trends in the market: The Hand Sanitizer (Pharmacies) market in United Kingdom has witnessed several trends. Firstly, there has been a diversification of product offerings, with pharmacies now offering a wide range of hand sanitizers to cater to different customer preferences. This includes variations in scent, texture, and ingredients. Additionally, there has been a shift towards eco-friendly and sustainable hand sanitizers, as customers become more conscious about the environmental impact of their purchases. Another trend in the market is the increasing popularity of hand sanitizers with added moisturizing properties. With frequent use of hand sanitizers, many customers have experienced dryness and irritation. As a result, there is a growing demand for hand sanitizers that not only kill germs but also keep the hands moisturized and nourished.

Local special circumstances: The Hand Sanitizer (Pharmacies) market in United Kingdom has been influenced by local regulations and guidelines. The government has implemented strict measures to control the spread of the virus, including the requirement for hand sanitizers in public spaces. This has led to an increased demand for hand sanitizers in pharmacies, as individuals seek to comply with these regulations. Additionally, the United Kingdom has a well-established healthcare system, with a strong presence of pharmacies across the country. This accessibility to pharmacies has made it convenient for customers to purchase hand sanitizers, further driving the growth of the market.

Underlying macroeconomic factors: The growth of the Hand Sanitizer (Pharmacies) market in United Kingdom can also be attributed to several underlying macroeconomic factors. The pandemic has resulted in a shift in consumer behavior, with individuals prioritizing health and hygiene. This change in mindset has translated into increased spending on personal care products, including hand sanitizers. Furthermore, the government's financial support and stimulus packages have helped to mitigate the economic impact of the pandemic. This has provided consumers with the necessary disposable income to purchase hand sanitizers, contributing to the growth of the market. In conclusion, the Hand Sanitizer (Pharmacies) market in United Kingdom has experienced significant growth due to customer preferences for personal hygiene, the diversification of product offerings, and the influence of local regulations. The underlying macroeconomic factors, such as the shift in consumer behavior and government support, have also played a crucial role in driving the market's development.

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.