Key regions: Germany, Europe, South Korea, France, China
The Skin Treatment (Pharmacies) market in South Africa has been experiencing significant growth in recent years.
Customer preferences: Customers in South Africa have shown a growing preference for skin treatment products available in pharmacies. This could be attributed to the convenience of purchasing these products alongside other healthcare items in one location. Additionally, customers value the professional advice and expertise offered by pharmacists when it comes to selecting the right skin treatment products for their specific needs.
Trends in the market: One of the key trends in the Skin Treatment (Pharmacies) market in South Africa is the increasing demand for natural and organic products. Customers are becoming more conscious about the ingredients used in skincare products and are seeking out options that are free from harmful chemicals. This trend is in line with the global shift towards clean beauty and sustainable practices. Another trend observed in the market is the rising popularity of anti-aging products. With an aging population and increasing awareness about the importance of skincare, consumers are actively seeking products that can help reduce the signs of aging and maintain a youthful appearance. This trend is expected to continue driving the growth of the skin treatment market in South Africa.
Local special circumstances: South Africa has a diverse population with varying skin types and concerns. This diversity has led to a wide range of skin treatment products being available in the market, catering to the specific needs of different ethnicities. This inclusivity in product offerings has contributed to the growth of the market as customers can find products that are tailored to their unique requirements.
Underlying macroeconomic factors: The growth of the Skin Treatment (Pharmacies) market in South Africa can also be attributed to the overall economic development in the country. As disposable incomes rise and the middle class expands, consumers have more purchasing power to spend on skincare products. Additionally, the increasing urbanization and Westernization of lifestyles have led to a greater emphasis on personal grooming and appearance, further driving the demand for skin treatment products. In conclusion, the Skin Treatment (Pharmacies) market in South Africa is experiencing growth due to customer preferences for convenient access to professional advice and a wide range of products. The market is also influenced by trends towards natural and anti-aging products, as well as local special circumstances that cater to the diverse needs of the population. The underlying macroeconomic factors of economic development and changing lifestyles further 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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