Market Insights Health Pharmacies OTC Products

Hand Sanitizer (Pharmacies) - Seychelles

Seychelles

Revenue in the Hand Sanitizer market is projected to reach US$76.96k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 9.24%, resulting in a market volume of US$109.60k 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$0.71 are generated in 2024.

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

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Currency

Analyst Opinion

The Hand Sanitizer (Pharmacies) market in Seychelles has experienced significant growth in recent years.

Customer preferences: Customers in Seychelles have shown a growing preference for hand sanitizers due to their convenience and effectiveness in preventing the spread of germs and diseases. With the increasing awareness about the importance of hand hygiene, especially during the COVID-19 pandemic, the demand for hand sanitizers has surged. Customers are now more inclined to purchase hand sanitizers from pharmacies as they trust the quality and reliability of these products.

Trends in the market: One of the key trends in the Hand Sanitizer (Pharmacies) market in Seychelles is the rising demand for natural and organic hand sanitizers. Customers are becoming more conscious about the ingredients used in personal care products and are opting for products that are free from harmful chemicals. Pharmacies have responded to this trend by offering a wide range of natural and organic hand sanitizers to cater to the growing demand. Another trend in the market is the increasing availability of hand sanitizers in different formats. Pharmacies in Seychelles now offer hand sanitizers in various forms such as gels, sprays, and wipes. This allows customers to choose the format that suits their preferences and lifestyle. For example, individuals who are always on the go may prefer the convenience of hand sanitizer wipes, while others may prefer the traditional gel format.

Local special circumstances: Seychelles is a popular tourist destination, attracting visitors from around the world. The tourism industry plays a significant role in the country's economy. The demand for hand sanitizers in Seychelles has been further fueled by the need to ensure the safety and well-being of both locals and tourists. Pharmacies have capitalized on this demand by stocking a wide range of hand sanitizers and promoting their use among the local population and tourists.

Underlying macroeconomic factors: The growth of the Hand Sanitizer (Pharmacies) market in Seychelles can be attributed to several underlying macroeconomic factors. The country has experienced steady economic growth in recent years, leading to an increase in disposable income among the population. This has enabled individuals to spend more on personal care products, including hand sanitizers. Furthermore, the government of Seychelles has implemented measures to promote public health and hygiene, especially during the COVID-19 pandemic. This has included campaigns and initiatives to raise awareness about the importance of hand hygiene and the use of hand sanitizers. These efforts have contributed to an increase in the demand for hand sanitizers and the growth of the market. In conclusion, the Hand Sanitizer (Pharmacies) market in Seychelles has witnessed significant growth due to customer preferences for convenient and effective hand hygiene solutions, the availability of natural and organic options, and the special circumstances of being a popular tourist destination. The underlying macroeconomic factors, such as economic growth and government initiatives, have further fueled the market's development.

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.