DUBLIN--(BUSINESS WIRE)--The "Hand Cream and Hand Lotion Global Market Report 2022: By Type, By Application, By Distribution" report has been added to ResearchAndMarkets.com's offering.
The global hand cream and hand lotion market is expected to grow from $5.73 billion in 2021 to $6.43 billion in 2022 at a compound annual growth rate (CAGR) of 12.31.2%. The market is expected to reach $9.33 billion in 2026 at a CAGR of 9.8%.
Where is the largest and fastest growing market for the hand cream and hand lotion? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Hand Cream And Hand Lotion market global report answers all these questions and many more.
Major players in the hand cream and hand lotion market are Unilever, Johnson & Johnson, Procter & Gamble, Coty, Beiersdorf, LYNX, Whealthfields Lohmann, Jahwa and Suave.
The hand cream and hand lotion market consist of sales of hand creams and hand lotions and related services. Hand cream and hand lotion are a topical formulation with low to medium viscosity, intended for unbreakable skin application. Many lotions, especially hand lotions and body lotions, are developed simply to smooth, rehydrate and soften the skin.
The main types of hand cream and hand lotion are moisturizing hand lotion, protective hand lotion, repair hand creme and others. Hand lotion with moisturising properties is a liquid that users apply to the hands to make them feel smoother and softer. The different applications include adult, baby and distributed through various channels such as supermarket or hypermarket, speciality store, beauty salon, pharma and drug store, online store.
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 reduce the spread of the virus, they can have an adverse effect on the skin, causing the hands to feel dry, cracked and sore. Therefore, doctors recommend using hand creams that help maintain the hands nourished, soothe any dry areas and minimize irritation of the skin. Therefore, the drying of hands owing to frequent hand-wash is expected to drive the growth of the hand cream and hand lotion market.
The presence of counterfeit products is a key factor hampering the growth of the hand cream and hand lotion market. Since many users are unaware that the product, they are using is a counterfeit, the user will blame the authentic company if the take-off item stops working properly, or it quickly falls apart, or it doesn't meet their expectations.
Retailers, distributors and other organizations that work with companies frequently lose trust in reputable companies because of counterfeiters' actions. More than $31.76 billion was lost annually by counterfeit goods throughout the fashion industry alone each year, and this issue extends to a multitude of industries. Therefore, the presence of counterfeit products is expected to hinder the growth of the hand cream and hand lotion market.
The hand creams that contain healthy ingredients such as herbs and essential oils that cure and rebuild skin is a key trend in the hand cream and hand lotion market. For instance, the aloe-based hand repair creams made with 60% aloe gel provides 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 attracts the use of this cream more frequently.
The countries covered in the hand cream and hand lotion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Key Topics Covered:
1. Executive Summary
2. Hand Cream and Hand Lotion Market Characteristics
3. Hand Cream and Hand Lotion Market Trends And Strategies
4. Impact Of COVID-19 On Hand Cream and Hand Lotion
5. Hand Cream and Hand Lotion Market Size And Growth
5.1. Global Hand Cream and Hand Lotion Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Hand Cream and Hand Lotion Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Hand Cream and Hand Lotion Market Segmentation
6.1. Global Hand Cream and Hand Lotion Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Moisturising Hand Lotion
- Protective Hand Lotion
- Repair Hand Creme
- Others
6.2. Global Hand Cream and Hand Lotion Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Adult
- Baby
6.3. Global Hand Cream and Hand Lotion Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Supermarket/Hypermarket
- Speciality Store
- Beauty Salon
- Pharma & Drug store
- Online Store
7. Hand Cream and Hand Lotion Market Regional And Country Analysis
7.1. Global Hand Cream and Hand Lotion Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Hand Cream and Hand Lotion Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Companies Mentioned
- Unilever
- Johnson & Johnson
- Procter & Gamble
- Coty
- Beiersdorf
- LYNX
- Whealthfields Lohmann
- Jahwa
- Suave
For more information about this report visit https://www.researchandmarkets.com/r/mcshqn
