Key regions: Europe, China, France, Germany, South Korea
The Vitamins & Minerals (Pharmacies) market in United Arab Emirates is experiencing steady growth due to increasing customer preferences for health and wellness products, as well as local special circumstances and underlying macroeconomic factors.
Customer preferences: Customers in United Arab Emirates are increasingly becoming health-conscious and are seeking products that promote overall well-being. This includes a growing demand for vitamins and minerals to supplement their diets and support their immune systems. Additionally, there is a rising awareness of the importance of preventive healthcare, leading to an increased interest in vitamins and minerals as a means of maintaining good health.
Trends in the market: One of the key trends in the Vitamins & Minerals (Pharmacies) market in United Arab Emirates is the growing popularity of natural and organic products. Customers are becoming more discerning about the ingredients in the products they consume and are seeking out options that are free from artificial additives and preservatives. This trend is driving the demand for vitamins and minerals derived from natural sources, such as plant extracts and organic compounds. Another trend in the market is the increasing focus on personalized nutrition. Customers are looking for vitamins and minerals that are tailored to their specific needs and health goals. This has led to the emergence of customized vitamin and mineral blends that are formulated based on individual requirements. This trend is fueled by advancements in technology, such as genetic testing and personalized health assessments, which allow customers to gain a deeper understanding of their nutritional needs.
Local special circumstances: The United Arab Emirates has a high prevalence of lifestyle diseases such as obesity and diabetes. This has led to a greater emphasis on preventive healthcare and the adoption of healthier lifestyles. As a result, there is a growing demand for vitamins and minerals that can help manage these conditions and promote overall wellness. Pharmacies in the country are catering to this demand by offering a wide range of vitamins and minerals that target specific health concerns.
Underlying macroeconomic factors: The United Arab Emirates has a strong economy and a high disposable income population. This allows consumers to prioritize their health and spend on products that support their well-being. Additionally, the government of the United Arab Emirates has been actively promoting a healthy lifestyle through various initiatives and campaigns. This has further contributed to the growth of the Vitamins & Minerals (Pharmacies) market in the country. In conclusion, the Vitamins & Minerals (Pharmacies) market in United Arab Emirates is experiencing growth due to increasing customer preferences for health and wellness products, the popularity of natural and organic products, the focus on personalized nutrition, local special circumstances such as the prevalence of lifestyle diseases, and the underlying macroeconomic factors of a strong economy and government support for a healthy lifestyle.
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.
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