Key regions: Germany, Europe, South Korea, France, China
The Skin Treatment (Pharmacies) market in BRICS is experiencing significant growth and development. Customer preferences for skincare products have shifted towards natural and organic ingredients, driving the demand for skin treatment products in pharmacies. Additionally, the increasing awareness about skincare and the desire for youthful and healthy skin are contributing to the growth of the market.
Customer preferences: In recent years, there has been a growing preference for skincare products that are free from harmful chemicals and artificial ingredients. Consumers are becoming more conscious about the potential side effects of synthetic skincare products and are seeking natural alternatives. This has led to an increased demand for skin treatment products in pharmacies that offer organic and natural formulations. Customers are also looking for products that address specific skin concerns such as acne, aging, and hyperpigmentation.
Trends in the market: One of the key trends in the Skin Treatment (Pharmacies) market in BRICS is the rise 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 desire for convenience and efficiency in skincare routines. Additionally, there is a growing demand for personalized skincare solutions, with customers seeking products that cater to their specific skin type and concerns. Another trend in the market is the increasing popularity of online sales channels. With the rise of e-commerce platforms, customers have easy access to a wide range of skincare products from different brands. Online platforms also provide customers with the convenience of shopping from their homes and offer a wealth of information and reviews to aid in their purchasing decisions. This trend has led to increased competition among brands and a greater emphasis on digital marketing and online presence.
Local special circumstances: In Brazil, there is a strong cultural emphasis on beauty and skincare. Brazilian consumers are known for their extensive skincare routines and are willing to invest in high-quality products. This has created a favorable market for skin treatment products in pharmacies, with a wide range of options available to cater to the diverse needs of the Brazilian customers. In Russia, there is a growing demand for anti-aging skincare products. The Russian population is aging, and customers are looking for effective solutions to combat the signs of aging. This has led to the development of innovative anti-aging products in the skin treatment market.
Underlying macroeconomic factors: The economic growth in BRICS countries has contributed to the increasing purchasing power of consumers. As disposable incomes rise, customers are willing to spend more on skincare products, including skin treatment products in pharmacies. The growing middle class in these countries is becoming more health-conscious and willing to invest in their skincare routines. Furthermore, the increasing urbanization and exposure to Western beauty standards have also influenced customer preferences in the skin treatment market. Customers are seeking products that can help them achieve flawless and youthful skin, leading to the growth of the market. In conclusion, the Skin Treatment (Pharmacies) market in BRICS is witnessing growth and development driven by customer preferences for natural and organic skincare products, the rise of multi-functional skincare products, and the increasing popularity of online sales channels. Local special circumstances such as the cultural emphasis on beauty in Brazil and the demand for anti-aging products in Russia further contribute to the growth of the market. The underlying macroeconomic factors of economic growth and increasing disposable incomes also play a significant role in the development 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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