Market Insights Health Pharmacies OTC Products

Skin Treatment (Pharmacies) - Mauritius

Mauritius

Revenue in the Skin Treatment market is projected to reach US$8.34m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 7.38%, resulting in a market volume of US$11.09m by 2028.
In global comparison, most revenue will be generated in the United States (US$3,319.00m in 2024).
In relation to total population figures, per person revenues of US$6.40 are generated in 2024.

Key regions: Canada, United States, France, Europe, United Kingdom

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Analyst Opinion

The Skin Treatment (Pharmacies) market in Mauritius has been experiencing steady growth in recent years. Customer preferences for skincare products have evolved, leading to an increased demand for skin treatment products available in pharmacies. This trend can be attributed to several factors, including changing beauty standards, increasing awareness about skincare, and the availability of a wide range of products in pharmacies.

Customer preferences: Customers in Mauritius have become more conscious about their skincare routines, leading to an increased demand for skin treatment products. The desire for healthy and glowing skin has become a priority for many individuals, driving them to seek out effective skincare solutions. As a result, there has been a shift towards using specialized skin treatment products available in pharmacies. These products are often formulated with active ingredients that target specific skin concerns, such as acne, aging, and hyperpigmentation.

Trends in the market: One of the key trends in the Skin Treatment (Pharmacies) market in Mauritius is the growing popularity of natural and organic skincare products. Customers are increasingly opting for products that are free from harmful chemicals and are derived from natural ingredients. This trend is driven by the belief that natural and organic products are gentler on the skin and provide long-term benefits. Another trend in the market is the rising demand for anti-aging skincare products. With an aging population, there is a growing need for products that can help reduce the signs of aging and improve the overall appearance of the skin. Anti-aging creams, serums, and treatments are becoming increasingly popular among customers in Mauritius.

Local special circumstances: Mauritius is known for its tropical climate, which can have a significant impact on the skincare needs of its residents. The hot and humid weather can lead to increased oil production, clogged pores, and skin sensitivity. As a result, customers in Mauritius often look for skincare products that are lightweight, non-comedogenic, and provide protection against the sun's harmful rays.

Underlying macroeconomic factors: The growing middle class in Mauritius has contributed to the expansion of the Skin Treatment (Pharmacies) market. As disposable incomes increase, customers have more purchasing power and are willing to spend on high-quality skincare products. Additionally, the tourism industry in Mauritius has been thriving, attracting visitors from around the world. These tourists often purchase skincare products during their stay, further boosting the market. In conclusion, the Skin Treatment (Pharmacies) market in Mauritius is developing due to changing customer preferences, including a focus on natural and organic products and the demand for anti-aging solutions. The local climate and the growing middle class in Mauritius are also factors contributing to the market's growth. With these trends and special circumstances, the market is expected to continue expanding in the coming years.

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.