According to the report by Expert Market Research (EMR), the global hand cream market size is projected to grow at a CAGR of 6% between 2023 and 2028. Aided by the rising demand for skincare products and the growing inclusion of hand creams in daily skincare routines, the market is expected to grow significantly by 2028.
Hand cream, a vital skincare product, plays an indispensable role in maintaining skin health by moisturising and providing necessary nutrients. These creams are commonly formulated using key ingredients such as glycerine, shea butter, and essential oils, amongst others, to offer numerous benefits, including moisturising, anti-ageing, skin repair, and protection. Aside from personal use, hand creams have garnered a significant position in various industries, including healthcare, beauty, and hospitality, due to their skin-nourishing properties and protective role against environmental aggressors.
The surging consumer preference for skincare products is fuelling the global hand cream market growth. As awareness of the importance of skin hydration and protection from environmental harm has increased, there has been a substantial shift towards integrating hand creams into daily skincare regimens. Furthermore, the rise in hand hygiene awareness, driven by recent global health concerns, has significantly amplified the use of hand creams, following frequent hand washing and sanitisation.
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Hand creams’ wide-ranging applications in various sectors also significantly contribute to the hand cream market expansion. In healthcare settings, hand creams are employed to protect healthcare workers from potential skin damage caused by continuous hand sanitisation. The beauty industry, on the other hand, leverages hand creams’ moisturising and anti-aging properties in the formulation of various skincare products. The hospitality industry also makes considerable use of hand creams, offering them as part of room amenities to enhance guests’ experience, aiding the hand cream market development.
Additionally, the rising trend towards organic and natural skincare products has intensified the focus on hand creams formulated with natural ingredients. Consumers increasingly prefer products with minimal synthetic components due to their perceived health and environmental benefits. This shift has driven the development and popularity of hand creams featuring ingredients like natural oils, plant extracts, and botanical essences, thereby stimulating the hand cream market growth.
Moreover, the increasing prevalence of skin conditions such as dry skin and eczema has resulted in a growing demand for therapeutic hand creams, thus increasing the hand cream market demand. Such creams, often formulated with ingredients like ceramides and hyaluronic acid, help repair the skin’s barrier and retain moisture, making them particularly popular among consumers with specific skin concerns.
Hand Cream Market Segmentation
The market can be divided based on product type, demographics, age group, distribution channel, and region.
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Market Breakup by Product Type
• Repair Hand Cream
• Anti-Ageing Hand Cream
• Whitening Hand Cream
• Overnight Hand Cream
• Others
Market Breakup by Demographics
• Female
• Male
Market Breakup by Age Group
• Generation X
• Baby Boomers
• Millennials
• Generation Z
Market Breakup by Distribution Channel
• Hypermarkets and Supermarkets
• Beauty Salons
• Speciality Stores
• Pharmacies and Drug Stores
• Online
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global hand cream companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• Beiersdorf AG
• The Avon Company
• Johnson & Johnson Services, INC. (J&J)
• L’Oreal SA
• Unilever Plc
• Others
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