PUBLISHER: IMARC | PRODUCT CODE: 1390719
PUBLISHER: IMARC | PRODUCT CODE: 1390719
The global hand cream market size reached US$ 440.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 617.9 Million by 2028, exhibiting a growth rate (CAGR) of 5.80% during 2022-2028.
Hand cream is a body care product formulated using water, triethanolamine, propylene glycol, stearic acid, methyl stearate, lanolin, and mineral oil. It has a thick consistency owing to a strong emollient base as compared to lotions. It assists in preventing dryness, combating the signs of premature aging, boosting moisture levels and skin elasticity, and protecting against ultraviolet (UV) exposure, which causes cracking and pigmentation. As it also reduces the clinical symptoms of irritant contact dermatitis, its sales are increasing across the globe.
Due to the outbreak of the coronavirus disease (COVID-19), the World Health Organization (WHO) released a community campaign stating that hand hygiene plays a pivotal role in preventing the spread of pathogens. It has also suggested policymakers offer the necessary infrastructure required for the effective performance of hand hygiene in public places. This resulted in the frequent washing and increasing dryness of hands by individuals and consequently rising demand for hand creams around the world. Furthermore, the easy availability of eco-friendly hand creams made from organic and vegan ingredients are propelling the growth of the market. Moreover, leading players are focusing on the launch of innovative products with attractive and biodegradable packaging to expand their product portfolio. These players are also introducing product variants made using aromatic fragrances like shea butter, vanilla, honey, and aromatherapy or botanic notes. Besides this, they are considerably investing in engaging promotional campaigns like celebrity endorsements to create brand awareness and retain a competitive edge in the market. Furthermore, rapid urbanization, rising sales of smart devices, and increasing penetration of the internet is strengthening the e-commerce sector. This, in turn, is offering lucrative growth opportunities to key players.
IMARC Group provides an analysis of the key trends in each sub-segment of the global hand cream market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, age group, demographic and distribution channel.
Repair Hand Cream
Anti-Aging Hand Cream
Whitening Hand Cream
Overnight Hand Cream
Others
Generation X
Baby Boomers
Millennials
Generation Z
Male
Female
Supermarkets and Hypermarkets
Specialty Stores
Pharma and Drug Stores
Online Stores
Others
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Australian Native Botanicals, Beiersdorf AG, Coty Inc., Glossier Inc., Johnson & Johnson, Marks and Spencer plc, Sanofi S.A., Shiseido Company Limited, The Clorox Company, The Procter & Gamble Company and Unilever plc.