Market Insights Health OTC Pharmaceuticals

Hand Sanitizer - China

China

In 2024, the Hand Sanitizer market market in China is projected to generate a revenue of €0.48bn.
This market is expected to experience an annual growth rate of 6.58% (CAGR 2024-2029).
When compared globally, the in the United States leads in revenue generation, with an estimated revenue of €596.80m in 2024.
On a per person basis, the revenue generated in China amounts to €0.34 in 2024.
In response to the COVID-19 pandemic, China has witnessed a surge in the demand for hand sanitizers, leading to the emergence of new local brands and increased production capacity.

Key regions: Australia, Germany, United States, China, Japan

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Analyst Opinion

The Hand Sanitizer market in China has been experiencing significant growth in recent years.

Customer preferences: Chinese consumers have become increasingly conscious about their health and hygiene, leading to a growing demand for hand sanitizers. The outbreak of infectious diseases, such as the COVID-19 pandemic, has further heightened the importance of hand hygiene among the population. As a result, there has been a surge in the adoption of hand sanitizers as a convenient and effective way to kill germs and prevent the spread of diseases.

Trends in the market: One of the key trends in the Chinese hand sanitizer market is the increasing popularity of alcohol-based sanitizers. Alcohol-based sanitizers are known for their quick-drying and high germ-killing properties, making them a preferred choice among consumers. Additionally, there has been a growing demand for hand sanitizers with natural and organic ingredients, as consumers are becoming more conscious about the potential harmful effects of chemical-based products. This trend is driven by the rising awareness of the importance of sustainability and eco-friendly products.Another trend in the market is the diversification of hand sanitizer formats. While traditional hand sanitizer products in the form of gels and liquids continue to dominate the market, there has been a rise in demand for alternative formats such as wipes and sprays. These formats offer convenience and portability, making them popular choices for on-the-go use.

Local special circumstances: China has a vast population and is known for its crowded cities, which increases the risk of disease transmission. This has created a strong need for effective hand hygiene products, including hand sanitizers. Additionally, the Chinese government has implemented strict regulations and guidelines regarding hygiene and cleanliness, further driving the demand for hand sanitizers.

Underlying macroeconomic factors: China has experienced rapid urbanization and a growing middle class, leading to increased disposable income and higher spending power among consumers. This has contributed to the growth of the hand sanitizer market, as consumers are more willing to invest in personal hygiene products. Furthermore, the e-commerce boom in China has made it easier for consumers to access a wide range of hand sanitizer products, driving market growth.In conclusion, the Hand Sanitizer market in China is witnessing significant growth due to the increasing awareness about health and hygiene, the popularity of alcohol-based sanitizers, the diversification of product formats, the local special circumstances of a large population and crowded cities, and the underlying macroeconomic factors of urbanization, growing middle class, and e-commerce.

Methodology

Data coverage:

Data encompasses B2C spend. Figures are based on the OTC Pharmaceuticals market values, representing revenues generated by both product sales which take place exclusively in pharmacies and products which can be purchased elsewhere. Sales by hospitals are not included.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use data from national statistical offices, international institutions, trade associations, and self-medication associations. Next, we use relevant key market indicators and data from country-specific associations, such as consumer healthcare spending, out-of-pocket healthcare expenditure, health system accessibilities, and GDP. 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 particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. Whereas this market covers only OTC drugs, the Statista Pharmaceuticals market covers both OTC and prescription drugs.