Hand Cream Market to Grow with a CAGR of 6.8% Globally through 2028
Rising awareness of skincare and increasing demand of
organic products are driving the Global Hand Cream Market in the forecast
period 2024-2028.
According to TechSci Research report, “Global Hand
Cream Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Global Hand Cream Market stood at USD 485.21 Million
in 2022 and is anticipated to grow with a CAGR of 6.8% in the forecast period,
2024-2028. The global hand cream market has seen remarkable growth, driven by a
rising emphasis on hand hygiene, skincare, and overall health. The COVID-19
pandemic underscored the importance of regular handwashing and sanitizing,
leading to increased demand for hand creams to combat dryness and skin issues.
The
market's growth is also driven by innovations in product formulations,
packaging, and expanding distribution channels. Heightened awareness of health
and hygiene has been a significant driver of the hand cream market. Consumers
now view hand creams as essential products in their daily skincare routines.
They recognize that frequent handwashing and exposure to harsh conditions can
lead to dryness, irritation, and premature aging of the hands. Consequently,
they are actively seeking hand creams that offer moisturization, nourishment,
and protection. This growing health-consciousness, combined with the desire for
soft and youthful-looking hands, has propelled the hand cream market forward.
Browse over xx market data Figures spread
through xx Pages and an in-depth TOC on "Global Hand Cream Market”
A significant trend in the hand cream market is the
preference for products with natural and organic ingredients. Consumers are
increasingly mindful of the substances they apply to their skin, prioritizing
formulations with fewer synthetic chemicals and more natural extracts. Hand
creams infused with ingredients like shea butter, aloe vera, and essential oils
are gaining popularity. Natural ingredients are perceived as gentler on the
skin and less likely to cause allergies or irritation. This trend aligns with
the broader clean beauty movement, where transparency about ingredient sourcing
and ethical practices is highly valued. The hand cream market is characterized
by continuous innovation and product diversification. Manufacturers are
introducing new formulations, fragrances, and packaging to cater to various
consumer preferences. For example, hand creams with sun protection factor (SPF)
have become sought-after, addressing concerns about sun damage on the hands.
Anti-aging hand creams are also on the rise, as consumers seek products that
combat wrinkles and age spots. This drive for innovation has expanded the
market's appeal, attracting a broader range of consumers.
The e-commerce channel has played a pivotal role in
the growth of the global hand cream market. Online shopping provides
unparalleled convenience, enabling consumers to explore a vast array of hand
cream options from both local and international brands. During the pandemic,
when physical stores faced restrictions, e-commerce became the primary channel
for hand cream purchases. Manufacturers and retailers have responded by
enhancing their online presence, optimizing user experiences on their websites,
and offering exclusive online promotions and bundles. The convenience of online
shopping, coupled with the ability to access a wider variety of products and
brands, has propelled the hand cream market's expansion.
In conclusion, the global hand cream market has
experienced significant growth, driven by heightened awareness of hand hygiene
and skincare, a preference for natural ingredients, continuous product
innovation, and the dominance of e-commerce. As consumers continue to
prioritize hand health and aesthetics in their skincare routines, the hand
cream market is expected to maintain its growth trajectory. Manufacturers will
likely continue to introduce new formulations and cater to evolving consumer
preferences to stay competitive in this dynamic market.
The Global Hand Cream Market is segmented into product
type, distribution channel, regional distribution, and company.
Based on product type the market is segmented into anti-aging
hand cream, whitening hand cream, repair hand cream, and others.
The global hand cream market has witnessed a notable
rise in demand for anti-aging hand creams. This trend reflects consumers'
increasing awareness of the visible signs of aging on their hands, such as
wrinkles, age spots, and loss of firmness. With a growing emphasis on holistic
skincare, anti-aging hand creams have become a sought-after solution.
Manufacturers are responding with specialized formulations, often incorporating
ingredients like retinol, hyaluronic acid, and antioxidants to address these specific
concerns. As individuals seek to maintain youthful-looking hands, the demand
for anti-aging hand creams continues to grow within the global hand cream
market.
Based on distribution channel the market is segmented
into offline and online.
Based on region the market is segmented into five
regions, North America, Europe, Asia Pacific, Middle East & Africa, and
South America.
Major companies operating in Global Hand Cream
Market are:
- Beiersdorf Ag
- Coty Inc.
- Revlon Inc.
- Johnson and Johnson Services, Inc.
(J&J)
- Marks and Spencer Plc.
- Sanofi Consumer Health Inc.
- Shanghai Jahwa United Co., Ltd
- Shiseido Co., Ltd
- The Procter and Gamble Company
- Unilever Plc
Download Free Sample Report
Customers can also request for 10%
free customization on this report.
“Incorporation of advanced ingredients in products is
a significant trend that is expected to have an impact on growth over the forecasted
period. Rising demand for organic products, rising awareness of skincare, and changing
consumer preference will positively impact the Global Hand Cream Market. Due to
the wide range of products available to meet specific needs of, as well as the
growing popularity of the online distribution channel, the market is growing at
impressive rate through projected period,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Hand
Cream Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Product Type (Anti-aging Hand Cream, Whitening Hand Cream, Repair
Hand Cream, Others), By Distribution Channel (Offline, Online), By Region, By
Competition, 2018-2028”, has evaluated the future growth potential
of Global Hand Cream Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Hand
Cream Market.
Contact
Mr. Ken Mathews
Techsci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel:
+13322586602
Email:
[email protected]
Website:
www.techsciresearch.com