Market Insights Health Pharmacies OTC Products

Hand Sanitizer (Pharmacies) - Spain

Spain

Revenue in the Hand Sanitizer market is projected to reach €25.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.70%, resulting in a market volume of €31.95m by 2029.
In global comparison, most revenue will be generated in China (€353.50m in 2024).
In relation to total population figures, per person revenues of €0.54 are generated in 2024.

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

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Analyst Opinion

The Hand Sanitizer (Pharmacies) market in Spain has witnessed significant growth in recent years.

Customer preferences: There has been a growing demand for hand sanitizers among Spanish consumers due to increasing awareness about the importance of hand hygiene. The COVID-19 pandemic has further accelerated this trend, with individuals prioritizing personal hygiene and taking precautions to prevent the spread of the virus. Hand sanitizers are convenient and effective in killing germs and bacteria, making them a popular choice among consumers.

Trends in the market: The market for hand sanitizers in Spain has experienced a surge in demand, leading to an increase in production and availability of these products. Pharmacies have become key distribution channels for hand sanitizers, as consumers trust these establishments for their expertise in healthcare products. Pharmacies in Spain have responded to the growing demand by stocking a wide range of hand sanitizers, catering to different preferences and needs of consumers.

Local special circumstances: Spain has a strong pharmacy network, with pharmacies being an integral part of the healthcare system. Consumers in Spain often rely on pharmacies for their healthcare needs, including over-the-counter medications and personal care products. This trust in pharmacies has translated into a preference for purchasing hand sanitizers from these establishments. Pharmacies in Spain have also played a crucial role in educating consumers about the importance of hand hygiene and providing guidance on the proper use of hand sanitizers.

Underlying macroeconomic factors: The growth of the Hand Sanitizer (Pharmacies) market in Spain can be attributed to several macroeconomic factors. The country has a high population density, with a large number of people living in urban areas. This, coupled with a busy lifestyle, has led to an increased focus on convenience and personal hygiene. Additionally, the tourism industry in Spain is a major contributor to the economy, attracting millions of visitors each year. The need for hand sanitizers has been further amplified by the influx of tourists, who are conscious of maintaining good hygiene while traveling. In conclusion, the Hand Sanitizer (Pharmacies) market in Spain has experienced significant growth due to increasing customer preferences for hand hygiene, the availability of a wide range of products in pharmacies, the trust consumers have in pharmacies, and the underlying macroeconomic factors such as high population density and the tourism industry. As the importance of hand hygiene continues to be emphasized, the market for hand sanitizers in Spain is expected to witness further growth 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.