Skin Treatment (Pharmacies) - Mozambique

  • Mozambique
  • Revenue in the Skin Treatment market is projected to reach US$4.12m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 13.12%, resulting in a market volume of US$7.63m by 2029.
  • In global comparison, most revenue will be generated in the United States (US$3,319.00m in 2024).
  • In relation to total population figures, per person revenues of US$0.12 are generated in 2024.

Key regions: Germany, Europe, South Korea, France, China

 
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Analyst Opinion

The Skin Treatment (Pharmacies) market in Mozambique is experiencing significant growth due to changing customer preferences and increasing awareness about skincare. Customer preferences in the Skin Treatment (Pharmacies) market in Mozambique are shifting towards natural and organic products. Consumers are becoming more conscious about the ingredients used in skincare products and are opting for products that are free from harmful chemicals. This preference for natural products is driven by the increasing awareness about the potential side effects of synthetic ingredients and the desire for a more sustainable and environmentally-friendly lifestyle. In addition, customers are also looking for products that cater to their specific skin concerns, such as anti-aging, hydration, and acne treatment. Trends in the market include the growing popularity of multi-step skincare routines and the rise of online sales channels. Inspired by the Korean skincare routine, Mozambican consumers are adopting multi-step skincare regimens that involve cleansing, toning, moisturizing, and applying targeted treatments. This trend is driving the demand for a wide range of skincare products, including cleansers, toners, serums, and masks. Furthermore, the increasing penetration of smartphones and internet access has led to the rise of online sales channels for skincare products. E-commerce platforms and social media influencers play a significant role in promoting and selling skincare products, allowing consumers to conveniently purchase products from the comfort of their homes. Local special circumstances in Mozambique, such as the tropical climate and high prevalence of skin conditions, also contribute to the growth of the Skin Treatment (Pharmacies) market. The hot and humid climate in Mozambique can cause various skin issues, including excessive oiliness, acne, and sun damage. As a result, consumers are seeking skincare products that address these specific concerns. Moreover, the high prevalence of skin conditions, such as eczema and psoriasis, creates a demand for specialized treatments and products in the market. Underlying macroeconomic factors, such as increasing disposable income and urbanization, are driving the growth of the Skin Treatment (Pharmacies) market in Mozambique. As the country's economy continues to grow, consumers have more purchasing power to invest in skincare products. Additionally, the ongoing urbanization trend is leading to lifestyle changes and increased exposure to environmental factors that can affect the skin, further driving the demand for skincare products. In conclusion, the Skin Treatment (Pharmacies) market in Mozambique is developing due to changing customer preferences, including a preference for natural and organic products, as well as increasing awareness about skincare. Trends in the market include the adoption of multi-step skincare routines and the rise of online sales channels. Local special circumstances, such as the tropical climate and high prevalence of skin conditions, also contribute to the growth of the market. Underlying macroeconomic factors, such as increasing disposable income and urbanization, further drive the demand for skincare products in Mozambique.

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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