The latest report by IMARC Group, titled “Hand Cream Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” finds that the global hand cream market size reached US$ 440.5 Million in 2022. Hand creams are moisturizing skin care products that keep the hands nourished and smooth. They comprise anti-aging, whitening, overnight, and repair hand creams that restore skin damage. They also assist in reducing the signs of premature aging, boosting moisture levels and skin elasticity, preventing dryness, and protecting against ultraviolet (UV) exposure, which results in cracking and pigmentation. In addition, they help prevent viral infections that may enter the body via damaged or unprotected skin.
Global Hand Cream Market Trends:
The growing utilization of overnight and whitening creams to treat skin problems, such as aging spots, acne scars, or hormone discoloration, represents one of the key factors driving the market. Besides this, there is a rise in the number of endorsements from celebrities and social media influencers across the globe. This, along with the expanding e-commerce industry, is contributing to the growth of the market. In addition, the wide availability of hand creams through online and offline distribution channels is offering lucrative growth opportunities to industry investors. Apart from this, the rising awareness among the masses about the benefits of using hand creams after washing and sanitizing is propelling the growth of the market. Moreover, key market players are extensively investing in research and development (R&D) activities to introduce hand creams with ingredients, such as herbs and essential oils, which is positively influencing the market. Other growth-inducing factors are the increasing expenditure on premium body care products, the rising beauty consciousness, and rapid urbanization. Looking forward, IMARC Group expects the market to reach US$ 617.9 Million by 2028, exhibiting a CAGR of 5.7% during the forecast period (2023-2028).
- Based on the product, the market has been classified into repair hand cream, anti-aging hand cream, whitening hand cream, overnight hand cream, and others. Presently, repair hand cream holds the largest share in the market.
- On the basis of the age group, the market has been bifurcated into generation X, baby boomers, millennials, and generation Z. Amongst these, generation X dominates the market.
- Based on the demographic, the market has been bifurcated into male and female. At present, the female segment exhibits a clear dominance in the market.
- On the basis of distribution channel, supermarkets and hypermarkets dominate the market. Other channels include specialty stores, pharma and drug stores, online stores, and others.
- Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. Presently, Asia Pacific enjoys the leading position in the market.
- The competitive landscape of the market has been studied in the report, with some of the key players being Australian Native Botanicals, Beiersdorf AG, Coty Inc., Glossier Inc., Johnson and Johnson, Marks and Spencer plc, Sanofi S.A., Shiseido Company Limited, The Clorox Company, The Procter and Gamble Company, and Unilever plc.
|Base Year of the Analysis
| Historical Period
||Product, Age Group, Demographic, Distribution Channel, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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
||10% Free Customization
|Report Price and Purchase Option
||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Follow us on twitter : @imarcglobal