Key regions: Germany, Europe, South Korea, France, China
The Skin Treatment (Pharmacies) market in Argentina is experiencing steady growth due to changing customer preferences, emerging trends, and local special circumstances.
Customer preferences: Customers in Argentina are increasingly prioritizing skincare and are willing to invest in high-quality skin treatment products. This shift in preferences can be attributed to the growing awareness about the importance of skincare and the desire to maintain a youthful appearance. Additionally, customers are seeking products that address specific skin concerns such as acne, aging, and hyperpigmentation. As a result, there is a growing demand for specialized skin treatment products in pharmacies.
Trends in the market: One of the key trends in the Skin Treatment (Pharmacies) market in Argentina is the rising popularity of natural and organic skincare products. Customers are becoming more conscious about the ingredients used in their skincare products and are opting for products that are free from harmful chemicals. This trend is driven by the increasing focus on health and wellness, as well as the desire for sustainable and eco-friendly options. Another trend in the market is the growing popularity of multi-functional skincare products. Customers are looking for products that offer multiple benefits, such as moisturizing, brightening, and anti-aging properties. This trend is driven by the convenience and cost-effectiveness of using a single product that addresses multiple skin concerns.
Local special circumstances: Argentina has a strong pharmaceutical industry, which has contributed to the availability of a wide range of skin treatment products in pharmacies. This local special circumstance has created a competitive market, with both domestic and international brands vying for market share. Customers have access to a variety of options and can choose products that best suit their needs and preferences.
Underlying macroeconomic factors: The growth of the Skin Treatment (Pharmacies) market in Argentina can also be attributed to favorable macroeconomic factors. The country has witnessed a steady increase in disposable income, which has led to higher consumer spending on skincare products. Additionally, the growing middle class in Argentina has resulted in an expanding customer base for skin treatment products. These macroeconomic factors have created a conducive environment for the growth of the market. In conclusion, the Skin Treatment (Pharmacies) market in Argentina is growing due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. Customers are increasingly prioritizing skincare and seeking high-quality products that address specific skin concerns. The popularity of natural and organic skincare products, as well as multi-functional products, is on the rise. The strong pharmaceutical industry in Argentina and favorable macroeconomic factors have further contributed to the growth of the market.
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.
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