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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Hand Cream Market Analysis by Region
The Asia Pacific to provide significant growth opportunities to the market due to the presence of several hand cream companies
The Asia Pacific accounted for a significant portion of the market due to the high demand for skin care products and the existence of several hand cream manufacturers in the region. In addition, the coronavirus outbreak has resulted in increased consumer awareness regarding washing and sanitising hands, which, in turn, is propelling the demand for hand creams in the region.
In North America, particularly in the United States, the demand for hand creams is driven by a large and diverse population that values personal grooming and hygiene. Brands like Bath & Body Works and Neutrogena have established a strong presence in the U.S. hand cream market, offering a variety of hand creams.
In Europe, countries like the U.K., Germany, France, and Italy are significant markets for hand creams, with brands such as L'Occitane and NIVEA being popular choices among European consumers. As disposable incomes rise in Europe, consumers are willing to invest in premium hand cream products that offer superior hydration and skin benefits.
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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