Market Insights Health OTC Pharmaceuticals

Hand Sanitizer - EAEU

EAEU

In 2024, the revenue in the Hand Sanitizer market market in EAEU amounts to US$179.70m.
It is projected to have an annual growth rate of 3.11% (CAGR 2024-2029).
When compared globally, the in the United States generates the highest revenue with US$643.50m in 2024.
Looking at the per person revenues in relation to the total population figures, in Eurasian Economic Union (EAEU) generates US$0.98 units of revenue per person in 2024.
The demand for hand sanitizers in the EAEU market has significantly increased due to the COVID-19 pandemic.

Key regions: Germany, Europe, United States, Brazil, India

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Analyst Opinion

The Hand Sanitizer market in EAEU has been experiencing significant growth in recent years.

Customer preferences: Hand sanitizers have become an essential part of daily life for many people in the EAEU region. The increasing awareness about the importance of hand hygiene, especially during the COVID-19 pandemic, has driven the demand for hand sanitizers. Customers are now more conscious about their health and are actively seeking products that can help them maintain proper hand hygiene. The convenience and ease of use of hand sanitizers have made them a popular choice among consumers.

Trends in the market: One of the key trends in the Hand Sanitizer market in EAEU is the growing preference for natural and organic products. Consumers are becoming more mindful of the ingredients used in the products they use, and this trend is reflected in the hand sanitizer market as well. Many customers are now opting for hand sanitizers that are made from natural ingredients and do not contain harsh chemicals. This trend is driven by the increasing focus on personal health and well-being.Another trend in the market is the rising demand for travel-sized hand sanitizers. With travel restrictions being lifted and people resuming their travel plans, there is a growing need for portable hand sanitizers that can be easily carried in bags or pockets. This trend is likely to continue as people prioritize cleanliness and hygiene while traveling.

Local special circumstances: The Hand Sanitizer market in EAEU is influenced by several local factors. One such factor is the regulatory environment. Different countries within the EAEU region have their own regulations and standards for hand sanitizers. Manufacturers and suppliers need to comply with these regulations to ensure the safety and effectiveness of their products. This can impact the availability and variety of hand sanitizers in the market.

Underlying macroeconomic factors: The Hand Sanitizer market in EAEU is also influenced by macroeconomic factors. The overall economic growth in the region plays a crucial role in determining the purchasing power of consumers. As the economies in the EAEU region continue to develop, consumers have more disposable income to spend on personal care products, including hand sanitizers. Additionally, the increasing urbanization and changing lifestyles in the region have contributed to the growing demand for hand sanitizers.In conclusion, the Hand Sanitizer market in EAEU is witnessing significant growth due to increasing customer preferences for hand hygiene, the trend towards natural and organic products, and the rising demand for travel-sized hand sanitizers. Local factors such as regulatory environment and macroeconomic factors like economic growth and changing lifestyles also contribute to the development of the market.

Methodology

Data coverage:

Data encompasses B2C spend. Figures are based on the OTC Pharmaceuticals market values, representing revenues generated by both product sales which take place exclusively in pharmacies and products which can be purchased elsewhere. Sales by hospitals are not included.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use data from national statistical offices, international institutions, trade associations, and self-medication associations. Next, we use relevant key market indicators and data from country-specific associations, such as consumer healthcare spending, out-of-pocket healthcare expenditure, health system accessibilities, and GDP. 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 particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. Whereas this market covers only OTC drugs, the Statista Pharmaceuticals market covers both OTC and prescription drugs.