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 5.7% during 2023-2028.
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.
Hand Cream Market Trends:
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.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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 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.
Breakup by Product:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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 Stores
Others
Breakup by Region:
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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:
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.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2022
Historical Period
2017-2022
Forecast Period
2023-2028
Units
US$ Million
Segment Coverage
Product, Age Group, Demographic, Distribution Channel, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
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
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10% Free Customization
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Key Questions Answered in This Report
The global hand cream market was valued at US$ 440.5 Million in 2022.
We expect the global hand cream market to exhibit a CAGR of 5.7% during 2023-2028.
The rising availability of eco-friendly hand creams made from organic ingredients, along with the introduction of product variants made using aromatic fragrances, such as shea butter, vanilla, honey, and aromatherapy or botanic notes, is primarily driving the global hand cream market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of hand creams.
Based on the product, the global hand cream market has been divided into repair hand cream, anti-aging hand cream, whitening hand cream, overnight hand cream, and others. Among these, repair hand cream currently exhibits a clear dominance in the market.
Based on the age group, the global hand cream market can be categorized into generation X, baby boomers, millennials, and generation Z. Currently, generation X accounts for the majority of the global market share.
Based on the demographic, the global hand cream market has been segregated into male and female, where female currently holds the largest market share.
Based on the distribution channel, the global hand cream market can be bifurcated into supermarkets and hypermarkets, specialty stores, pharma and drug stores, online stores, and others. Currently, supermarkets and hypermarkets exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global hand cream market include 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.
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