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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Hand Cream Market Size
The global hand cream market reached a value of USD 424 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.9% to reach USD 713.51 million by 2032.
Hand Cream Market Outlook
- Key market drivers include growing utilisation of hand cream after washing and sanitising hands and rising demand for skin care products with natural ingredients like aloe vera and honey.
- As per industry reports, L'Occitane's shea butter hand cream for women is one of the best-selling products worldwide, with one being sold every 3 seconds.
- As per industry reports, in 2019, the number of people aged 60 years and older was 1 billion, which is expected to increase to 1.4 billion by 2030 and 2.1 billion by 2050. Due to this, the demand for anti-ageing hand creams is likely to rise significantly.
Hand Cream Market Report Snapshots
Hand Cream Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the hand cream market reached an approximate value of USD 424 million.
The market is expected to grow at a CAGR of 5.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to USD 713.51million by 2032.
The major drivers of the market include the increasing number of working women, the growing utilisation of hand cream after washing and sanitising hands, and the increasing demand for personal care products with natural ingredients like aloe vera and honey.
Key trends aiding market expansion include the manufacturer’s growing focus on sustainable methods, rise of e-commerce, and the incorporation of fruity smell and fresh notes in hand creams to target potential customers.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Based on product, the market is divided into repair hand cream, anti-ageing hand cream, whitening hand cream, and overnight hand cream, among others.
The major demographics considered in the market report are female and male.
The significant distribution channels of the product are hypermarkets and supermarkets, beauty salons, speciality stores, pharmacies and drug stores, and online, among others.
Key players in the market are Beiersdorf AG, The Avon Company, Johnson & Johnson Services, INC. (J&J), L'Oreal SA, and Unilever Plc, among others.
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