Key regions: Germany, Europe, South Korea, France, China
The Skin Treatment (Pharmacies) market in Southern Africa has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in Southern Africa have shifted towards a greater focus on skincare and personal grooming. There is a growing awareness among consumers about the importance of maintaining healthy skin, and this has led to an increased demand for skin treatment products. Additionally, the influence of social media and beauty influencers has created a desire among consumers to achieve flawless and youthful-looking skin. As a result, there has been a surge in the demand for skin treatment products in pharmacies across the region. Trends in the market have also played a role in the growth of the Skin Treatment (Pharmacies) market in Southern Africa. One key trend is the increasing popularity of natural and organic skincare products. Consumers are becoming more conscious of the ingredients in their skincare products and are opting for products that are free from harmful chemicals. This has led to a rise in the availability of natural and organic skin treatment products in pharmacies. Another trend is the rise of multi-functional skincare products that offer multiple benefits in one product. This trend caters to the busy lifestyles of consumers who are looking for convenient and effective skincare solutions. Local special circumstances in Southern Africa have contributed to the growth of the Skin Treatment (Pharmacies) market. The region has a diverse climate, with some areas experiencing high levels of sun exposure. This has led to an increased need for sun protection and skin treatment products that can address issues such as sunburn and hyperpigmentation. Additionally, the prevalence of certain skin conditions, such as acne and eczema, has also driven the demand for skin treatment products in pharmacies. Underlying macroeconomic factors have also played a role in the development of the Skin Treatment (Pharmacies) market in Southern Africa. The region has experienced steady economic growth in recent years, resulting in an increase in disposable income among consumers. This has allowed consumers to allocate a greater portion of their budget towards skincare and personal grooming products. Furthermore, the expansion of the middle class in Southern Africa has created a larger consumer base for skin treatment products. In conclusion, the Skin Treatment (Pharmacies) market in Southern Africa has been growing due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The increasing focus on skincare, the popularity of natural and multi-functional products, the diverse climate, and the growing middle class have all contributed to the growth of the market in the region. As the demand for skin treatment products continues to rise, pharmacies in Southern Africa are well-positioned to meet the needs of consumers and capitalize on this expanding 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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