The Hand Cream and Hand Lotion Global Market Report 2023 by The Business Research Company, provides hand cream and hand lotion market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Hand Cream and Hand Lotion Global Market Report 2023, the global hand cream and hand lotion market size grew from $6.43 billion in 2022 to $7.11 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global hand cream and hand lotion is expected to grow from $10.49 billion in 2027 at a CAGR of 10.2%.
The increasing habit of frequent hand washing to avoid infections is a key factor driving the growth of the hand cream and hand lotion market. Washing hands regularly and thoroughly is one of the best ways to reduce COVID-19 transmission, as hands are responsible for bringing most bacteria into our respiratory system. Although hand washing and the use of harsh sanitizers are both essential to reducing the spread of the virus, they can hurt the skin, causing the hands to feel dry, cracked, and sore. Therefore, doctors recommend using hand creams that help keep the hands nourished, soothe any dry areas, and minimize irritation of the skin. Therefore, the drying of hands owing to frequent hand washing is expected to drive the growth of the hand cream and hand lotion market.
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The hand cream and hand lotion market is segmented:
1) By Type: Moisturising Hand Lotion, Protective Hand Lotion, Repair Hand Crème, Other Types
2) By Application: Adult, Baby
3) By Distribution Channel: Supermarket/Hypermarket, Specialty Store, Beauty Salon, Pharma & Drug Store, Online Store
Hand creams that contain healthy ingredients such as herbs and essential oils that cure and rebuild skin are a key trend in the hand cream and hand lotion market. For instance, the aloe-based hand repair creams made with 60% aloe gel provide deep moisture to the skin for comfortable and soft hands. This cream repairs dry and broken skin and can also be applied to key dry areas of the skin, such as knees and elbows. The subtle scent that these natural ingredients leave behind also encourages the use of this cream more frequently.
The hand cream and hand lotion market report table of contents includes:
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