With 5.8% CAGR, Hand Cream Market Size to Reach US$ 585.2 Million by 2027

According to the latest report by IMARC Group "Hand Cream Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global hand cream market reached a value of US$ 416 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 585.2 Million by 2027, exhibiting a CAGR of 5.8% during 2022-2027.

Hand cream stands for a body care product formulated using water, triethanolamine, propylene glycol, stearic acid, methyl stearate, lanolin, etc. It has thick consistency as compared to lotions. Hand cream aids in preventing dryness, combating the signs of premature aging, protecting against ultraviolet (UV) exposure, enhancing moisture, etc. It also minimizes the clinical symptoms of irritant contact dermatitis. Some common product variants include hand creams with aromatic fragrances such as vanilla, cocoa, coconut, honey, etc.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Hand Cream Market Trends and Drivers:

The rising awareness towards hand hygiene due to the spread of COVID-19 has resulted in regular washing of hands, which is driving the hand cream market across the globe. Besides this, the easy availability of eco-friendly hand creams made from organic and vegan ingredients is also augmenting the market growth. Furthermore, several key players are focusing on launching innovative products with attractive and biodegradable packaging to expand their product portfolio, which is acting as another growth-inducing factor. Additionally, the growing investments in engaging promotional campaigns, such as celebrity endorsements to build brand awareness, are further catalyzing the product demand. Moreover, the expanding e-commerce sector and rising product sales on online platforms will continue to propel the global hand cream market over the forecasted period.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global hand cream market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on product, age group, demographic and distribution channel.

Breakup by Product:

Repair Hand Cream
Anti-Aging Hand Cream
Whitening Hand Cream
Overnight Hand Cream
Others

Breakup by Age Group:

Generation X
Baby Boomers
Millennials
Generation Z

Breakup by Demographic:

Male
Female

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Specialty Stores
Pharma and Drug Stores
Online Store
Others

Market Breakup by Region:

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

Competitive Landscape with Key Player:

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
Unilever plc.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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