Key regions: Germany, Europe, South Korea, France, China
The Skin Treatment (Pharmacies) market in Zambia has witnessed significant growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances. Customer preferences in the Skin Treatment (Pharmacies) market in Zambia have shifted towards natural and organic products. Consumers are becoming increasingly 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 skincare products is a global trend that has also influenced the Zambian market. Customers are also looking for products that address specific skin concerns such as acne, aging, and hyperpigmentation. As a result, there has been a rise in demand for specialized skincare products that target these specific issues. Trends in the market indicate a growing demand for skincare products with sun protection properties. The awareness about the harmful effects of sun exposure on the skin has increased, leading to a higher demand for products that offer sun protection. This trend is driven by the desire to maintain healthy and youthful-looking skin. Additionally, there has been a rise in the popularity of multi-functional skincare products that combine multiple benefits such as moisturizing, brightening, and anti-aging properties. These products offer convenience to customers and cater to their busy lifestyles. Local special circumstances in Zambia also play a role in the development of the Skin Treatment (Pharmacies) market. The country's hot and dry climate, combined with high levels of sun exposure, creates a need for skincare products that provide hydration and sun protection. This local climate factor has influenced the demand for specific types of skincare products in Zambia. Additionally, the growing middle-class population in the country has increased disposable incomes, leading to an increase in spending on skincare products. Underlying macroeconomic factors, such as economic growth and urbanization, have also contributed to the development of the Skin Treatment (Pharmacies) market in Zambia. As the economy grows and more people move to urban areas, there is an increase in the demand for skincare products. Urbanization is often associated with higher incomes and increased access to healthcare, leading to a greater awareness and demand for skincare products. In conclusion, the Skin Treatment (Pharmacies) market in Zambia is developing in response to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The shift towards natural and organic products, the demand for skincare products with sun protection properties, and the influence of the local climate are driving the growth of the market. Additionally, economic growth and urbanization are contributing to the increased demand for skincare products in the country.
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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