Hand Care Market Likely To Reach USD 6.89 Billion By 2028
Increasing awareness of the importance of hand hygiene, and the increasing demand for convenient and easy-to-use products are factors driving the global Hand Care market in the forecast period 2024-2028.
According to the TechSci Research report
titled "Hand Care Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028," the
Global Hand Care Market reached USD 6.89 billion in 2022 and is expected to
grow at a CAGR of 4.31% during the forecast period, 2024-2028. This dynamic
sector within the broader personal care industry is influenced by shifting
consumer preferences, increased hygiene awareness, and technological
advancements. Offering a wide array of products catering to diverse needs, from
basic hand hygiene to specialized treatments, moisturization, and anti-aging
solutions, the hand care market has experienced significant growth and
transformation.
A primary driver of the hand care
market's expansion is the global emphasis on hygiene and health, particularly
in response to the COVID-19 pandemic. This awareness has resulted in an
increased demand for hand care products such as sanitizers, hand washes, and
soaps, positioning hand care as an essential aspect of daily routines.
Additionally, consumer preferences have shifted towards products that not only
ensure cleanliness but also offer additional benefits like moisturization,
protection against pathogens, and cosmetic enhancements. This has led to the
development of innovative products, including hand creams with anti-aging
properties, serums targeting specific skin concerns, and hand masks.
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The hand care market is also undergoing a
transformation in terms of sustainability, with consumers demanding
eco-friendly packaging and clean formulations. Brands are responding by
incorporating natural and organic ingredients, adopting sustainable sourcing
practices, and using recyclable packaging materials. The market is witnessing
an increasing demand for personalized products, with consumers seeking
solutions tailored to their specific skin types, concerns, and preferences.
However, challenges accompany the
market's growth, including intensified competition, the need for product
differentiation, and demands for ingredient transparency and authenticity. The
hand care market's future is promising, driven by evolving consumer lifestyles,
technological innovation, and health awareness. The market is likely to
continue evolving in response to changing consumer needs, regulatory
developments, and emerging trends, with sustained growth and innovation
expected as long as manufacturers remain agile, responsive, and committed to
delivering high-quality, effective, and responsible hand care solutions.
The global hand care market is segmented
into product type, sales channel, regional distribution, and company. The hand
wash segment is emerging as a rapidly growing category within the global hand
care market, fueled by increased hygiene awareness and the ongoing emphasis on
hand cleanliness due to factors like the COVID-19 pandemic. The segment offers
diverse hand wash formulations, including antibacterial, moisturizing, and
natural variants, meeting various consumer preferences.
The market's sales channels include
multi-branded stores, supermarkets/hypermarkets, specialty beauty stores, drug
stores, online platforms, and other direct sales and distributor/dealer
channels. Regionally, the market is segmented into Asia Pacific, North America,
Europe, Middle East & Africa, and South America.
Major companies operating in Global Hand Care Market are:
- Johnson & Johnson Services,
Inc.
- Coty, Inc.
- Beiersdorf AG
- Shiseido Co., Ltd.
- Sanofi Consumer Health Inc.
- Philosophy, Inc.
- Shanghai Jahwa United Co., Ltd
- Marks & Spencer Plc.
- The Procter & Gamble Company
- Henkel Corporation
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“The hand care market is at the
intersection of skincare and hand care, with sustainability concerns and the
rise of e-commerce. The market offers a diverse range of products catering to
various consumer needs, from basic hygiene to specialized treatments. Brands
are innovating with eco-friendly formulations and packaging, capitalizing on
digital marketing, and adapting to personalized consumer preferences. However,
intense competition, ingredient transparency, and navigating shifting consumer
behaviors remain challenges. The market's trajectory is poised for continued
expansion, fueled by evolving trends and the enduring importance of hand
hygiene,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Hand Care Market By Product Type (Hand Cream/Moisturizer, Hand
Wash, Hand Sanitizers/Disinfectants, and Others (Hand Mask, etc.), By Sales
Channel (Multi Branded Stores, Supermarkets/Hypermarkets, Specialty Beauty
Stores, Drug Stores, Online, and Other (Direct Sales and Distributor/Dealers
etc.)), By Region, By Competition Forecast & Opportunities,
2018-2028F”, has evaluated the
future growth potential of the global hand care market and provides statistics
and information on market size, structure, and future market growth. The report
aims to provide cutting-edge market intelligence and help decision-makers make
sound investment decisions. Additionally, the report identifies and analyzes
emerging trends along with essential drivers, challenges, and opportunities in
the global hand care market.
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