Key regions: United Kingdom, India, Canada, Germany, China
The Vitamins & Minerals (Pharmacies) market in Slovenia has experienced significant growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Vitamins & Minerals (Pharmacies) market in Slovenia have shifted towards a greater focus on health and wellness. Consumers are becoming more conscious of the importance of maintaining a balanced diet and incorporating essential vitamins and minerals into their daily routine. This has led to an increased demand for a wide range of vitamins and minerals supplements, including multivitamins, vitamin C, vitamin D, and omega-3 fatty acids. Customers are also seeking out products that are natural, organic, and free from artificial additives and preservatives. One of the key trends in the Vitamins & Minerals (Pharmacies) market in Slovenia is the growing popularity of personalized nutrition. Consumers are increasingly looking for customized vitamin and mineral supplements that are tailored to their specific needs and health goals. This trend is driven by advancements in technology, which enable companies to offer personalized recommendations based on individual health profiles and genetic information. Personalized nutrition is expected to continue to gain traction in the market, as consumers become more aware of the benefits of tailored supplementation. Another trend in the market is the rise of e-commerce. Online platforms have become a popular channel for purchasing vitamins and minerals supplements, offering convenience and a wide selection of products. This trend has been further accelerated by the COVID-19 pandemic, as consumers turned to online shopping due to social distancing measures and lockdowns. The increasing penetration of smartphones and internet access in Slovenia has also contributed to the growth of e-commerce in the Vitamins & Minerals (Pharmacies) market. Local special circumstances in Slovenia have also played a role in the development of the Vitamins & Minerals (Pharmacies) market. The country has a well-established healthcare system, which includes a network of pharmacies that provide access to a wide range of vitamins and minerals supplements. Pharmacies in Slovenia are trusted sources of healthcare products and advice, and consumers often prefer to purchase their supplements from these establishments due to the professional guidance they offer. Underlying macroeconomic factors have also contributed to the growth of the Vitamins & Minerals (Pharmacies) market in Slovenia. The country has experienced steady economic growth in recent years, leading to an increase in disposable income. As a result, consumers have more purchasing power and are able to afford higher-priced vitamins and minerals supplements. Additionally, the aging population in Slovenia has created a growing demand for supplements that support overall health and wellbeing. In conclusion, the Vitamins & Minerals (Pharmacies) market in Slovenia is developing due to changing customer preferences, emerging trends in the market such as personalized nutrition and e-commerce, local special circumstances such as the role of pharmacies, and underlying macroeconomic factors including economic growth and an aging population. These factors are expected to continue driving the growth of the market in the coming years.
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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