Market Insights Health Pharmacies OTC Products

Hand Sanitizer (Pharmacies) - Kuwait

Kuwait

Revenue in the Hand Sanitizer market is projected to reach US$3.74m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.82%, resulting in a market volume of US$4.87m by 2028.
In global comparison, most revenue will be generated in China (US$385.20m in 2024).
In relation to total population figures, per person revenues of US$0.86 are generated in 2024.

Key regions: Japan, Germany, Europe, Australia, France

Market

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Currency

Analyst Opinion

The Hand Sanitizer (Pharmacies) market in Kuwait has been experiencing significant growth in recent years.

Customer preferences: Customers in Kuwait have shown a strong preference for hand sanitizers in pharmacies due to their convenience and accessibility. With the increasing awareness about the importance of hand hygiene, people are actively seeking ways to protect themselves from germs and bacteria. Hand sanitizers provide a quick and effective solution, making them a popular choice among consumers.

Trends in the market: One of the key trends in the Hand Sanitizer (Pharmacies) market in Kuwait is the growing demand for natural and organic hand sanitizers. Consumers are becoming more conscious about the ingredients used in personal care products, including hand sanitizers. They are opting for products that are free from harsh chemicals and artificial fragrances, and instead, prefer those made with natural and organic ingredients. This trend is in line with the overall global shift towards more sustainable and eco-friendly products. Another trend in the market is the increasing availability of hand sanitizers with different fragrances and formulations. Manufacturers are constantly innovating to cater to the diverse preferences of consumers. Hand sanitizers are now available in a wide range of scents, from floral to fruity, appealing to different customer segments. Additionally, there are hand sanitizers specifically formulated for sensitive skin, providing an option for those with skin sensitivities.

Local special circumstances: Kuwait is a country with a high population density and a fast-paced lifestyle. This has contributed to the growing demand for hand sanitizers in pharmacies. People are constantly on the go and need a convenient and portable solution to keep their hands clean and germ-free. Hand sanitizers offer a practical solution as they can be easily carried in bags or pockets, allowing individuals to maintain hand hygiene even when they are outside their homes.

Underlying macroeconomic factors: The Hand Sanitizer (Pharmacies) market in Kuwait has also been influenced by macroeconomic factors such as the COVID-19 pandemic. The outbreak of the virus has led to a heightened focus on hygiene practices, including the use of hand sanitizers. The increased awareness about the importance of hand hygiene has resulted in a surge in the demand for hand sanitizers in pharmacies. Additionally, the government of Kuwait has implemented strict regulations and guidelines to ensure public health and safety. This has further contributed to the growth of the hand sanitizer market, as people are encouraged to use sanitizers regularly to prevent the spread of diseases. In conclusion, the Hand Sanitizer (Pharmacies) market in Kuwait is witnessing significant growth due to customer preferences for convenient and accessible hand hygiene solutions. The demand for natural and organic hand sanitizers, as well as those with different fragrances and formulations, is on the rise. The fast-paced lifestyle and high population density in Kuwait have also contributed to the increased demand for hand sanitizers in pharmacies. The COVID-19 pandemic and government regulations have further fueled the growth of the market.

Methodology

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.