Key regions: Germany, Europe, South Korea, France, China
The Skin Treatment (Pharmacies) market in New Zealand has been experiencing steady growth in recent years.
Customer preferences: Customers in New Zealand have shown a growing interest in skincare and are increasingly turning to pharmacies for their skin treatment needs. This can be attributed to several factors, including the convenience of purchasing skincare products from pharmacies, as well as the trust and confidence that customers have in the quality and efficacy of these products. Additionally, customers are becoming more conscious about the ingredients used in skincare products and are seeking out natural and organic options. This preference for natural skincare products is driving the demand for a wide range of skin treatment products in pharmacies.
Trends in the market: One notable trend in the skin treatment market in New Zealand is the increasing demand for anti-aging products. As the population ages, there is a growing desire to maintain youthful and healthy-looking skin. This has led to a rise in the availability and variety of anti-aging skincare products in pharmacies. Another trend is the growing popularity of skincare routines and regimens, influenced by the global beauty industry. Customers are now more knowledgeable about the importance of a comprehensive skincare routine and are seeking out products that cater to their specific skin concerns.
Local special circumstances: New Zealand's unique climate and environment also play a role in shaping the skin treatment market. The country's high levels of ultraviolet (UV) radiation from the sun have led to a heightened awareness of the importance of sun protection. This has resulted in a significant demand for sunscreen and other sun protection products in pharmacies. Additionally, New Zealand's clean and green image has contributed to the popularity of natural and organic skincare products, as customers prioritize products that are environmentally friendly and sustainably sourced.
Underlying macroeconomic factors: New Zealand's strong economy and increasing disposable income levels have also contributed to the growth of the skin treatment market. As consumers have more discretionary income, they are able to spend more on skincare products and treatments. Furthermore, the rise of e-commerce has made it easier for customers to access a wide range of skin treatment products, further driving market growth. In conclusion, the Skin Treatment (Pharmacies) market in New Zealand is developing due to customer preferences for convenience, natural products, and anti-aging solutions. The market is also influenced by local special circumstances such as the country's unique climate and environment. Additionally, underlying macroeconomic factors such as a strong economy and increasing disposable income levels contribute 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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