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Pulished Date August, 2021
ID: 12069
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Hand cream market segmented by Type (Moisturizing, Protective, repair, Others), By Age Group (Baby boomers, Generation X, Millennials, Generation Z), By Demographics (Male, Female), By Distribution Channels (Supermarket, Specialty store, Beauty salon, Pharma & Drug store, Online store), and By Geography – Size, Share & Trends (2021-2026)

Pulished: August, 2021
ID: 12069
Pages: 175

Hand cream market Size & Growth (2021-2026):

The Hand cream market is valued at USD 4.81 billion in 2020 and is expected to grow to USD 5.35 billion in 2021 at a CAGR of 11.2%; this hike is due to resume operations after the slowdown COVID-19 spread. As a result, the market is expected to reach USD 7.67 billion in 2026at a CAGR of 9%.

An increase in awareness of hand moisturization after hand sanitization and hand wash, increasing innovation and development in the product, Rise in the global working women population drives the global hand cream market growth. Therefore, there is an opportunity for high-quality, organic, and natural ingredients-based hand cream products in the market.

Drivers and Restraints:

Women majorly use hand Cream, so the increasing global number of working women populations, which counts 38.8% of the global labor force, increases the spending on skincare products. In addition, increasing awareness about moisturization after hand sanitization also helps the hand cream market grow.

The increasing E-commerce sector, which delivers to doorsteps and gives a wide choice on online platforms, is propelling the market's demand.

We are increasing awareness about natural and organic skincare products, supporting the market growth of skincare products,d increasing skin cancer patients and skin problems due to pollution, and accelerating market growth—advertisements creating awareness among people, which lead to an increase in the demand for hand cream.

The high cost of hand cream products hampers the market growth. In addition, increasing fake products that are not following government standards for manufacturing, causing skin ulcers and skin cancer, negatively impacts the market.

 Recent Developments:

The hand cream is now being formulated in two layers to meet new market demand and attract new customers. Lightweight outer layer for immediate absorption and inner layer comprises organic extracts. It contains shea butter and coconut oil, and vitamin E focusing on nourishment and moisturization and increasing consumer perception towards products containing the natural ingredient, market shifting towards organic and natural products.

 Major Challenges in the marketplace:

They are increasing counterfeit products' presence in the market, creating a negative impact which hampering the hand cream market growth. Users who use the counterfeit product blame the product and company for not getting the desired effect by the product, for does not meet their expectations, sometimes side effects may observe. Distributors and retailers are losing trust due to increasing counterfeit products. The increasing e-commerce sector is also increasing duplicate and fake products in the market. Therefore, the increasing number of counterfeit products is a major challenge for the market.

 Competition in the marketplace:

The global hand cream market is properly divided, and the market is dominated by top players and some new entrants with niche product offerings, organic and natural products. Post covid hike in demand for the hand cream, increasing awareness related to natural and organic products leads to increased competition in the market. Companies are applying aggressive marketing strategies to gain market share and bringing innovation in the product to increase product sales, generating high competition in the market.

HAND CREAM MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021–2026

Base Year

2020

Forecast Period

2021-2026

CAGR

11.2%

Segments Covered

By Type, By Age group, By Distribution channel

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Proctor & Gamble (United States), Johnson & Johnson (United States), Whaelthfields Lohmann (China), Unilever (United Kingdom), Coty, Inc. (United States), Philosophy (United States), Lynx (United States), Beiersdorf AG (Germany), Olay (United States), Shanghai Jahwa United Co. Ltd. (China), Alba Botanica (United States), Avalon Organics (United Kingdom), Galderma (United States).

Market Segmentation:

Hand cream market By Type:

  • Moisturizing Hand Cream

  • Protective Hand Cream
  • Repair Hand Cream
  • Others

On the basis of product type, the hand cream market is segmented as moisturizing, protective, repair, and other hand creams. The repair hand cream market subsegment has the highest market share, holding around 26% market share globally. Repair hand cream is used to moisturize and repair gritty and dry hands and to keep skin hydrated. Demand for an anti-aging cream is increasing and is expected to grow at a higher rate during the forecast period. Growing consumer perception towards skin appearance and skincare due to increased skin problems leads to overall hand cream market growth.

Hand cream market By age group:

  • Baby boomers
  • Generation X
  • Millennials
  • Generation Z

Generation X age group holds the highest market share subsegment when divided by age group. This age group possesses the purchasing ability and are mainly purchases from retail stores, and as this age group is more conscious about physical appearance products like anti-aging and other skincare products to look more glorious and smooth skin.

Hand cream market By Demographics:

  • Male
  • Female

By demographics, female subsegments hold a major market share with around 88% market share. The female subsegment shows the largest impact on the market. The rising working women population accounted for 38.8% can be considered the major driver, and easy product availability is the factor that increases hand cream sales subsequently increase in market share of the overall market.

Hand cream market By distribution channel:

  • Supermarket
  • Specialty store
  • Beauty salon
  • Pharma & Drug Store
  • Online store

The market is divided into a supermarket, specialty store, beauty salon, medical store, and online store by distribution channel. Due to the variety of brand availability, offering multiple-choice options, and ease of shopping, the supermarket holds the highest market share in the hand cream market globally. The useThe use of anti-aging cream by the millennial age group is also increased. This age group is mainly focused on organic and natural products as these products have lesser side effects than products with chemical ingredients. The millennial age group is becoming more conscious about skincare, so this age group is considered to be a driving factor for the market.

Hand cream market-By geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America &Middle East Africa

North America holds the highest market share in the global hand cream market due to increasing hygiene standards. Increasing working individuals and skincare awareness in the US population and high-cost products affordability by consumers in the US region are propelling the demand of the market.

Europeans are becoming more curious about personal health care due to increasing health problems and diseases in European countries. In countries like Germany, people use hand cream on a daily basis, and it is largely used body care products in Germany.

The Asia Pacific is the fastest growing market in hand cream market globally since the last decade. This region possesses the highest population, which creates high demand and has many manufacturers in this region. The increasing aging population also creates demand for an anti-aging cream, which leads to overall market growth. In addition to this, increased awareness about the use of hand cream after hand sanitization and hand washing to keep hands moisturized and hydrated driven the hand cream market growth. Increasing lifestyle standards adding the daily use of hand cream in the routine of the people.

In Latin America and Middle East Africa, Africa is expected to be the fastest-growing region. The increasing middle-class population and urbanization in Africa lead to demand for personal care products in Middle-East Africa. In addition, positive changes in the business regulations, leading to major key players like Unilever and Proctor &Gamble, are expanding their businesses in Africa.

COVID 19 impact on the Hand Cream Market :

The pandemic of COVID-19 has affected every business by lockdown in the regions. Transportation limitation, operational barriers, labor force accessibility negatively impacted business growth due to which businesses suffered from losses.

But it has positively impacted consumers worldwide about awareness of moisturization after hand sanitization to keep hands hydrated.

Major Key Players in the Market:

  • Proctor & Gamble (United States)
  • Johnson & Johnson (United States)
  • Whaelthfields Lohmann (China)
  • Unilever (United Kingdom)
  • Coty, Inc. (United States)
  • Philosophy (United States)
  • Lynx (United States)
  • Beiersdorf AG (Germany)
  • Olay (United States)
  • Shanghai Jahwa United Co. Ltd. (China)
  • Alba Botanica (United States)
  • Avalon Organics (United Kingdom)
  • Galderma (United States)

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Hand Cream Market, By Type                             

                                6.1.1 Moisturizing Hand Cream 

                                6.1.2 Protective Hand Cream     

                                6.1.3 Repair Hand Cream             

                                6.1.4 Others      

                                6.1.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.6 Y-o-Y Growth Rate Analysis             

                                6.1.7 Market Attractiveness Index          

                6.2 Hand Cream Market, By Age Group                 

                                6.2.1 Baby boomers       

                                6.2.2 Generation X         

                                6.2.3 Millennials               

                                6.2.4 Generation Z          

                                6.2.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.6 Y-o-Y Growth Rate Analysis             

                                6.2.7 Market Attractiveness Index          

                6.3 Hand Cream Market, By Demographics                          

                                6.3.1 Male          

                                6.3.2 Female     

                                6.3.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Age Group        

                                7.2.4 By Demographics 

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Age Group        

                                7.3.4 By Demographics 

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Age Group        

                                7.4.4 By Demographics 

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Age Group        

                                7.5.4 By Demographics 

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Age Group        

                                7.6.4 By Demographics 

8. Key Player Analysis                                    

                8.1 Proctor & Gamble (United States)                    

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Johnson & Johnson (United States)                 

                8.3 Whaelthfields Lohmann (China)                        

                8.4 Unilever (United Kingdom)                 

                8.5 Coty, Inc. (United States)                     

                8.6 Philosophy (United States)                  

                8.7 Lynx (United States)                               

                8.8 Beiersdorf AG (Germany)                    

                8.9 Olay (United States)                               

                8.10 Shanghai Jahwa United Co. Ltd. (China)                       

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identify the regions that are still untapped
  • Segment-level analysis along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis, and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies, and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Hand Cream Market By Region, From 2021-2026 ( USD Billion )
  2. Global Hand Cream Market By Type, From 2021-2026 ( USD Billion )
  3. Global Moisturizing Hand Cream Market By Region, From 2021-2026 ( USD Billion )
  4. Global Protective Hand Cream Market By Region, From 2021-2026 ( USD Billion )
  5. Global Repair Hand Cream Market By Region, From 2021-2026 ( USD Billion )
  6. Global Others Market By Region, From 2021-2026 ( USD Billion )
  7. Global Hand Cream Market By Age Group, From 2021-2026 ( USD Billion )
  8. Global Baby boomers Market By Region, From 2021-2026 ( USD Billion )
  9. Global Generation X Market By Region, From 2021-2026 ( USD Billion )
  10. Global Millennials Market By Region, From 2021-2026 ( USD Billion )
  11. Global Generation Z Market By Region, From 2021-2026 ( USD Billion )
  12. Global Hand Cream Market By Demographics, From 2021-2026 ( USD Billion )
  13. Global Male Market By Region, From 2021-2026 ( USD Billion )
  14. Global Female Market By Region, From 2021-2026 ( USD Billion )
  15. Global Hand Cream Market By Distribution Channels, From 2021-2026 ( USD Billion )
  16. Global Supermarket Market By Region, From 2021-2026 ( USD Billion )
  17. Global Specialty store Market By Region, From 2021-2026 ( USD Billion )
  18. Global Beauty salon Market By Region, From 2021-2026 ( USD Billion )
  19. Global Pharma & Drug Store Market By Region, From 2021-2026 ( USD Billion )
  20. Global Online store Market By Region, From 2021-2026 ( USD Billion )

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