Market Insights Health Pharmacies OTC Products

Skin Treatment (Pharmacies) - Sudan

Sudan

Revenue in the Skin Treatment market is projected to reach US$13.08m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.43%, resulting in a market volume of US$17.86m by 2029.
In global comparison, most revenue will be generated in the United States (US$3,319.00m in 2024).
In relation to total population figures, per person revenues of US$0.27 are generated in 2024.

Key regions: Germany, Europe, South Korea, France, China

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Analyst Opinion

The Skin Treatment (Pharmacies) market in Sudan has been experiencing steady growth in recent years. Customer preferences in the Sudanese market for skin treatment products have been shifting towards natural and organic options. Consumers are becoming more conscious about the ingredients used in skincare products and are seeking products that are free from harmful chemicals. This trend is in line with the global movement towards clean and green beauty, where consumers are increasingly opting for products that are environmentally friendly and have minimal impact on their health. In addition to the preference for natural and organic products, Sudanese consumers are also becoming more aware of the importance of sun protection. With the increase in awareness about the harmful effects of sun exposure, there has been a growing demand for skincare products that offer sun protection. This trend is driven by the desire to maintain healthy and youthful-looking skin, as well as the increasing incidence of skin cancer. The market for skin treatment products in Sudan is also influenced by local special circumstances. Sudan is known for its hot and arid climate, which can be harsh on the skin. As a result, there is a high demand for moisturizing and hydrating products that can help combat dryness and keep the skin nourished. Additionally, Sudanese consumers have a preference for products that are lightweight and non-greasy, as heavy and oily products can be uncomfortable to use in the hot weather. Underlying macroeconomic factors have also contributed to the growth of the Skin Treatment (Pharmacies) market in Sudan. The country has experienced economic growth in recent years, which has led to an increase in disposable income. As a result, consumers have more purchasing power and are willing to spend on skincare products. Furthermore, the growing middle class in Sudan has led to an expansion of the consumer base, as more individuals are able to afford skincare products. In conclusion, the Skin Treatment (Pharmacies) market in Sudan is developing in response to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The preference for natural and organic products, the increasing awareness of sun protection, and the demand for moisturizing products are driving the growth of the market. Additionally, the economic growth in Sudan and the expanding middle class have contributed to the increased demand for skincare products.

Methodology

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.