Market Insights Health Pharmacies OTC Products

Skin Treatment (Pharmacies) - Germany

Germany

Revenue in the Skin Treatment market is projected to reach €0.61bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.04%, resulting in a market volume of €0.78bn by 2029.
In global comparison, most revenue will be generated in the United States (€3,077.00m in 2024).
In relation to total population figures, per person revenues of €7.35 are generated in 2024.

Key regions: Germany, Europe, South Korea, France, China

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Analyst Opinion

The Skin Treatment (Pharmacies) market in Germany has been experiencing steady growth in recent years. Customer preferences have shifted towards natural and organic products, leading to an increase in demand for skincare products that are free from harmful chemicals. Additionally, the rise in awareness about the importance of skincare and the desire for youthful and healthy-looking skin has also contributed to the growth of the market.

Customer preferences: Customers in Germany have become increasingly conscious about the ingredients used in skincare products. They are now more inclined towards natural and organic products that are free from harsh chemicals such as parabens and sulfates. This shift in preferences can be attributed to the growing concern for the environment and personal health. Customers are also looking for skincare products that are cruelty-free and ethically sourced. As a result, there has been a rise in the demand for skincare brands that prioritize sustainability and transparency.

Trends in the market: One of the key trends in the Skin Treatment (Pharmacies) market in Germany is the growing popularity of anti-aging skincare products. With an aging population, there is a high demand for products that can help reduce wrinkles and improve skin elasticity. This has led to the development of innovative skincare solutions such as collagen-boosting creams and serums. Another trend in the market is the increasing demand for skincare products that offer protection against pollution and environmental aggressors. Customers are seeking products that can shield their skin from the harmful effects of pollution, UV rays, and other external factors.

Local special circumstances: Germany has a strong tradition of skincare and beauty products. German consumers are known for their high standards when it comes to quality and efficacy. This has led to the emergence of many local skincare brands that cater to the specific needs and preferences of German consumers. These brands often use natural and organic ingredients and focus on providing effective solutions for common skin concerns. The presence of these local brands has created a competitive market, driving innovation and product development.

Underlying macroeconomic factors: Germany is one of the largest economies in Europe and has a high disposable income. This has allowed consumers to spend more on skincare products and invest in their personal care routines. The strong economy has also contributed to the growth of the skincare market by creating a favorable environment for businesses to thrive. Additionally, the aging population in Germany has created a significant market for anti-aging skincare products, as consumers look for ways to maintain youthful and healthy-looking skin. These macroeconomic factors have played a crucial role in driving the growth of the Skin Treatment (Pharmacies) market in Germany.

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.