Key regions: Germany, Europe, South Korea, France, China
The Skin Treatment (Pharmacies) market in Seychelles has been experiencing significant growth in recent years.
Customer preferences: Customers in Seychelles have shown a growing preference for skin treatment products available in pharmacies. This can be attributed to the convenience and accessibility of pharmacies, as well as the trust and confidence that customers have in these establishments. Pharmacies are seen as reliable sources of high-quality products, and customers are more likely to trust the advice and recommendations of pharmacists when it comes to their skincare needs. Additionally, the increasing awareness of the importance of skincare and the desire for healthy and glowing skin has also contributed to the rising demand for skin treatment products in pharmacies.
Trends in the market: One of the key trends in the Skin Treatment (Pharmacies) market in Seychelles is the growing demand for natural and organic skincare products. Customers are becoming more conscious of the ingredients used in the products they use on their skin and are seeking out products that are free from harmful chemicals and additives. This trend is in line with the global movement towards clean beauty and the increasing focus on sustainability and environmental responsibility. Pharmacies in Seychelles have responded to this trend by expanding their range of natural and organic skincare products, offering customers a wider selection to choose from. Another trend in the market is the increasing popularity of anti-aging skincare products. As the population in Seychelles ages, there is a growing demand for products that can help reduce the signs of aging and maintain youthful-looking skin. Pharmacies have capitalized on this trend by offering a variety of anti-aging skincare products, including creams, serums, and treatments that target specific skin concerns such as wrinkles, fine lines, and age spots. This trend is expected to continue as the population continues to age and the desire for youthful-looking skin remains high.
Local special circumstances: Seychelles is a popular tourist destination known for its pristine beaches and natural beauty. The tourism industry plays a significant role in the country's economy, and as a result, there is a high demand for skincare products from both locals and tourists. Pharmacies in Seychelles have recognized this opportunity and have tailored their product offerings to cater to the needs and preferences of both segments. They offer a range of sunscreen products with high SPF ratings to protect against the sun's harmful rays, as well as after-sun products to soothe and hydrate the skin after exposure to the sun. Additionally, pharmacies also stock a variety of skincare products that are suitable for different skin types and conditions, catering to the diverse needs of their customers.
Underlying macroeconomic factors: The growing economy of Seychelles has contributed to the development of the Skin Treatment (Pharmacies) market. With increasing disposable incomes, customers are more willing to invest in skincare products and are able to afford higher-end and premium brands. The government's focus on healthcare and wellness has also played a role in the growth of the market, with initiatives and campaigns promoting the importance of skincare and overall well-being. Additionally, the country's stable political climate and favorable business environment have attracted international skincare brands to establish a presence in Seychelles, further driving 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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
