E-PHARMACY BEAUTY AND PERSONAL CARE (BPC) MARKET ANALYSIS
The Global E-pharmacy Beauty and Personal Care (BPC) Market is valued at US$ 60.99 Billion in 2022, and it is anticipated to attain a value of US$ 264 Billion by 2030, at a CAGR of 20.1 % over the forecast period (2023 - 2030). However, the present COVID-19 outbreak and economic downturn have had an impact on the overall market statistics of various businesses globally. The growth of the online pharmacy market has been substantially driven by an increase in R&D spending globally. People throughout the world started taking vitamin and mineral supplements as a precaution. Governments all across the world implemented extreme measures like lockdowns, border closures, and the establishment of stringent social distancing regulations in an effort to slow the rapid spread of the COVID-19 virus. These choices had a significant impact on the world economy, which negatively impacted many industries. When analyzing current and projected market sizes and growth patterns for all regions and countries, the impact of COVID-19 on market demand is taken into account.
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