Market Insights Health OTC Pharmaceuticals

Hand Sanitizer - Thailand

Thailand

The Hand Sanitizer market market in Thailand is projected to generate a revenue of US$16.26m in 2024.
It is expected to experience an annual growth rate of 6.25% (CAGR 2024-2029).
In comparison to other countries, the in the United States leads in revenue generation with US$643.50m in 2024.
When considering the population, the per person revenue in Thailand amounts to US$0.23 in 2024.
Thailand's hand sanitizer market is booming due to increased public awareness and demand for personal hygiene products.

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

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Analyst Opinion

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

Customer preferences: Customers in Thailand have shown an increased preference for hand sanitizers due to growing awareness about the importance of hand hygiene. The COVID-19 pandemic has further accelerated this trend, as people are now more conscious about maintaining cleanliness and preventing the spread of germs. In addition, the convenience and portability of hand sanitizers make them a popular choice for on-the-go use.

Trends in the market: One of the key trends in the Hand Sanitizer market in Thailand is the rising demand for natural and organic products. Consumers are becoming more health-conscious and are seeking products that are free from harmful chemicals and artificial ingredients. As a result, there has been a surge in the availability of natural and organic hand sanitizers in the market.Another trend in the market is the increasing use of hand sanitizers in various industries and sectors. Apart from personal use, hand sanitizers are now widely used in healthcare facilities, food processing industries, and educational institutions. This increased demand from different sectors has contributed to the overall growth of the hand sanitizer market in Thailand.

Local special circumstances: Thailand is a popular tourist destination, attracting millions of visitors every year. The tourism industry plays a significant role in driving the demand for hand sanitizers in the country. Tourists, especially those from countries with high hygiene standards, are more likely to use hand sanitizers during their travels. This has led to an increased demand for travel-sized hand sanitizers in Thailand.

Underlying macroeconomic factors: The growing economy of Thailand has also played a role in the development of the hand sanitizer market. As disposable incomes rise, consumers are willing to spend more on personal care products, including hand sanitizers. Additionally, the government's focus on promoting hygiene and cleanliness has further boosted the demand for hand sanitizers.In conclusion, the Hand Sanitizer market in Thailand has witnessed significant growth due to changing customer preferences, increasing demand from various sectors, and the country's status as a popular tourist destination. The rising awareness about hand hygiene, the preference for natural and organic products, and the government's emphasis on cleanliness have all contributed 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.