Global Hand Cream Market Size, Share, Growth Analysis, By Demographics (Male and female), By Distribution channel (Supermarket, Speciality store), By Product Type (Moisturizing hand creams, anti-aging hand creams), By Age Group (Generation X, Baby Boomers) - Industry Forecast 2023-2030
GlobalHandCreamMarketInsights
GlobalHandCreamMarketsizewasvaluedatUSD416millionin2021and is poised to grow from USD 434.4 million in 2022 to USD 623.3 million by 2030,growingataCAGRof5.8%intheforecastperiod(2023-2030).
Hand cream is a body care product made up of using water, triethanolamine,propyleneglycol,stearicacid,methylstearate,lanolin,and mineral oil. It helps to prevent dryness, fight the indications of premature aging, increase moisture levels and skin smoothness, and protect against UV exposure, which promotes cracking and pigmentation. It also helps
to reduce the clinical symptoms of irritant contact dermatitis, and its sales are increasing worldwide. The hand cream is easily available in the market throughvariousdistributionchannelsincludingonlinestores,supermarkets, andspecialtystores.Theincreasinghabitoffrequenthandwashingtoavoid infections is one of the best ways to reduce COVID-19 transmission. Therefore, doctors recommend using hand creams that help keep the hands nourished, and minimize irritation of the skin.
The increase in the number of working women worldwide and the increase inspendingonpremiumskincareproductsaredrivingmarketgrowth.Also, increasing consumer awareness about moisturizing hands after hand washingandsanitizationishelpinginthegrowthofthehandcreammarket. Growing demand for skin care products with safe and sustainable ingredients,withtherapidexpansionofonlineretailplatformsisexpectedto expand the market. The high market price of hand cream is expected to hamper the market growth. The availability of counterfeit products is a major challenge for the expansion of the hand cream market. Many users do not know that the product they are using is a counterfeit product. Because of counterfeit products, retailers and distributors lose faith in reputable companies. Consequently, the availability of fake products is expected to hamper the growth of the hand cream market.
GetaCompleteOverviewofGlobalHandCreamMarket: https://www.skyquestt.com/report/hand-cream-market
HandCreamMarketTopPlayer'sCompanyProfiles:
• L'Oreal SA
• Unilever PLC
• The Estée Lauder Companies Inc.
• Johnson & Johnson Services, Inc.
• Procter & Gamble Co.
• Amway Corporation
• Beiersdorf AG
• Shiseido Company, Limited
• Kao Corporation
• Avon Products, Inc.
• Mary Kay Inc.
• Oriflame Cosmetics Global SA
• Coty Inc.
• Clarins SA
• Revlon Inc.
• The Body Shop International Limited
• Crabtree & Evelyn Ltd.
• Natura & Co Holding SA
• Mario Badescu Skin Care, Inc.
• Burt's Bees
About Us: SkyQuest Technologyis leading growth consulting firm providingmarket intelligence, commercialization, and technology services. It has 450+ happy clients globally.
Address:
1 Apache Way, Westford, Massachusetts 01886
Phone:
USA (+1) 617-230-0741
Email: sales@skyquestt.com