Market Insights Health OTC Pharmaceuticals

Hand Sanitizer - Greece

Greece

In Greece, the Hand Sanitizer market market generated a revenue of US$8.62m in 2024.
It is projected to grow at an annual rate of 2.77% (CAGR 2024-2029).
When compared globally, the in the United States leads in revenue generation, with US$643.50m in 2024.
In terms of per capita revenue, in Greece generated US$0.84 per person in 2024.
Greece's hand sanitizer market has seen a surge in demand, driven by increased awareness of hygiene practices and the need for protection against germs.

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

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Analyst Opinion

The Hand Sanitizer market in Greece has experienced significant growth in recent years, driven by changing customer preferences and global trends.

Customer preferences: Customers in Greece have become increasingly conscious of the importance of hand hygiene, particularly in light of the COVID-19 pandemic. As a result, there has been a surge in demand for hand sanitizers, with consumers seeking products that are effective, convenient, and affordable. Additionally, there is a growing preference for hand sanitizers that are gentle on the skin and do not cause dryness or irritation.

Trends in the market: One of the key trends in the Hand Sanitizer market in Greece is the shift towards natural and organic products. Consumers are increasingly opting for hand sanitizers that are made from natural ingredients and free from harsh chemicals. This trend is driven by a desire for products that are perceived to be safer and more environmentally friendly.Another trend in the market is the growing popularity of portable hand sanitizers. With people becoming more mobile and on-the-go, there is a demand for hand sanitizers that can be easily carried in bags or pockets. This has led to the introduction of travel-sized hand sanitizers and innovative packaging solutions that are convenient and easy to use.

Local special circumstances: Greece is a popular tourist destination, attracting millions of visitors each year. This has created a unique market for hand sanitizers, as tourists often prioritize hygiene and cleanliness. The tourism industry plays a significant role in driving the demand for hand sanitizers in Greece, with hotels, restaurants, and other establishments requiring these products to ensure the safety of their guests.

Underlying macroeconomic factors: The Hand Sanitizer market in Greece is also influenced by macroeconomic factors. The country's economic stability and disposable income levels impact consumer spending on non-essential items such as hand sanitizers. Additionally, government regulations and policies regarding the use of hand sanitizers and other personal care products can also shape the market dynamics. In conclusion, the Hand Sanitizer market in Greece has witnessed significant growth due to changing customer preferences, including a preference for natural and organic products and portable solutions. The tourism industry also plays a crucial role in driving the demand for hand sanitizers in the country. Overall, the market is influenced by both global trends and local special circumstances, as well as underlying macroeconomic factors.

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.