Key regions: Germany, Europe, South Korea, France, China
The Skin Treatment (Pharmacies) market in Northern Europe is experiencing steady growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Skin Treatment (Pharmacies) market in Northern Europe 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 and organic products is driving the demand for skincare products in pharmacies that offer a wide range of such products. Trends in the market include the rising popularity of multi-step skincare routines. Consumers in Northern Europe are increasingly adopting multi-step skincare routines that involve using multiple products to achieve specific skincare goals. This trend is driving the sales of skincare products in pharmacies as consumers look for a variety of products to incorporate into their skincare routines. Another trend in the market is the increasing demand for anti-aging skincare products. As the population in Northern Europe ages, there is a growing demand for skincare products that target signs of aging such as wrinkles and fine lines. Pharmacies are catering to this demand by offering a range of anti-aging skincare products, including serums, creams, and masks. Local special circumstances in Northern Europe, such as the prevalence of harsh weather conditions, also contribute to the growth of the Skin Treatment (Pharmacies) market. The cold and dry climate in many Northern European countries can cause skin problems such as dryness and sensitivity. This creates a need for skincare products that can address these issues, leading to increased sales in pharmacies. Underlying macroeconomic factors, such as a strong economy and high disposable income, also play a role in the growth of the Skin Treatment (Pharmacies) market in Northern Europe. With a strong economy, consumers have more purchasing power and are willing to invest in high-quality skincare products. Pharmacies, with their wide range of products and expert advice, are seen as reliable sources for skincare products, further driving the market growth. Overall, the Skin Treatment (Pharmacies) market in Northern Europe is developing due to changing customer preferences towards natural and organic products, emerging trends in skincare routines and anti-aging products, local special circumstances such as harsh weather conditions, and underlying macroeconomic factors including a strong economy and high disposable income.
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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