Global Hand Cream Market – Industry Trends and Forecast to 2030

Global Hand Cream Market, By Product Type (Repair Hand Cream, Anti-Aging Hand Cream, Whitening Hand Cream, Overnight Hand Cream and Others), Demographics (Male and Female), Age Group (Baby Boomers, Millennial, Generation X, and Generation Z), and Distribution Channel (Supermarket/Hypermarket, Specialty Stores, Beauty Salon, Pharma and Drug Store, and Online Store) – Industry Trends and Forecast to 2030.

Hand Cream Market Analysis and Size

Hand cream is a kind of skin care product designed to moisturise hands and keep them soft, smooth, and hydrated for longer periods of time. Anti-aging hand creams, whitening hand creams, overnight hand creams, repair hand creams, and other varieties of hand creams are available in the market

Data Bridge Market Research analyses that the hand cream market which was USD 452.27 million in 2022, will reach USD 731.80 million by 2030, and is expected to undergo a CAGR of 6.2% during the forecast period. “repair hand cream” dominates the type segment of the hand cream market by due to its wide application, it is mostly used in dry skin, cracked skin, sun damage, age-related concerns. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

 Hand Cream Market Scope and Segmentation

Market Definition

Hand cream is a skincare product designed specifically for moisturizing and caring for the skin on the hands. It is a type of lotion or cream formulated with various ingredients to provide hydration, protection, and nourishment to the skin on the hands. Hand creams are typically thicker and richer in texture compared to body lotions, as the skin on the hands tends to be subjected to more wear and tear and can become dry, rough, or chapped.

Global Hand Cream Market Dynamics

Drivers

•   Skincare Awareness

Growing awareness of the importance of skincare has led to increased demand for hand creams as part of a holistic skincare routine. Consumers are paying closer attention to the ingredients in their skincare products. They are looking for hand creams that contain natural and nourishing ingredients such as shea butter, aloe vera, hyaluronic acid, and vitamins to address specific skin concerns

•  Health and Hygiene

The COVID-19 pandemic has heightened the importance of hand hygiene, leading to increased hand washing and sanitizer use, which can cause dryness and boost the demand for hand creams. The COVID-19 pandemic heightened awareness about hand hygiene, with frequent hand sanitizing being a common practice. Hand creams that offer moisturization while also promoting cleanliness and sanitization have gained popularity. Some hand creams now include antibacterial ingredients to provide an added layer of protection

 Opportunities

• Natural and Organic Products

The demand for natural and organic skincare products continues to rise, presenting opportunities for manufacturers to develop and market these types of hand creams. The demand for natural and organic products in the hand cream market has been steadily increasing as consumers become more conscious of the ingredients they use on their skin

•  Targeted Products

Developing specialized hand creams for specific concerns (for instance, eczema, aging, or sensitive skin) can tap into niche markets. These hand creams are formulated with ingredients such as retinol, peptides, and antioxidants to reduce the appearance of fine lines and wrinkles on the hands. They are often sought after by mature consumers looking to maintain youthful-looking hands

Restraints/Challenges

• Supply Chain Disruptions

Disruptions in the supply chain, such as raw material shortages or shipping delays, can affect production and distribution. The hand cream manufacturing process relies on various raw materials, including oils, butters, emollients, and packaging materials. Shortages or disruptions in the supply of these raw materials can lead to production delays and increased costs

• Ingredient Concerns

Some consumers are increasingly concerned about the ingredients in skincare products, which can limit the appeal of certain hand creams if they contain potentially harmful substances..Adhering to manufacturer guidelines and working with experienced HVAC professionals can provide valuable insights and ensure proper maintenance practices are followed. Also, the lack of favorable reimbursement scenarios and technology penetration in the developing economies, heavy custom duty imposed on medical devices, and lack of suitable infrastructure in low and middle-income countries are projected to challenge the market in the forecast period of 2023 to 2030

This hand cream market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hand cream market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Developments

• In February 2023, Shiseido Company Limited announced the launch of two new moisturizers from SIDEKICK, its skincare brand that focuses on common skin concerns that young men face
• In December 2022, Beiersdorf Ag acquired a majority stake in S-Biomedic NV, Belgium-based life-science company, with this acquisition strategy, the company will be able to strengthen its expertise in the field of acne treatment

Global Hand Cream Market Scope

The hand cream market is segmented on the basis of product type, demographic, age group, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Repair Hand Cream
• Anti-Aging Hand Cream
• Whitening Hand Cream
• Overnight Hand Cream
• Others

 Demographic

• Male
• Female

Age Group

• Baby Boomers
• Millennial
• Generation X
• Generation Z

Distribution Channel

• Supermarket/Hypermarket
• Specialty Stores
• Beauty Salon
• Pharma and Drug Store
• Online Store

Global Hand Cream Market Regional Analysis/Insights

The global hand cream market is analysed and market size insights and trends are provided by product type, demographic, age group, and distribution channel as referenced above.

The countries covered in the hand cream market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Asia-Pacific dominates the hand cream market owing to the growing demand for skin care products in this region. Asia-Pacific will continue to undergo substantial gains owing to the presence of several small manufacturers present across China and India and rise in consumer awareness regarding moisturizing hand after washing and sanitizing.

North America is expected to witness significant growth during the forecast period of 2023 to 2030 as North America has a large and diverse consumer base with a strong demand for skincare and beauty products. Consumers in the region prioritize personal grooming and hygiene, making hand creams a popular choice

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Hand Cream Market Share Analysis

The hand cream market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the company’s focus related to the hand cream market.

Some of the major players operating in the hand cream market are:

• Unilever (U.K.)
• Johnson & Johnson Private Limited (U.S.)
• Procter & Gamble(U.S.)
• Beiersdorf(Germany)
• L’OREAL S.A.(France)
• The Estée Lauder Companies (U.S.)
• Shiseido Co., Ltd. (Japan)
• Coty Inc. (U.S.)
• Shanghai Jahwa United Co., Ltd (China)
• Henkel Adhesives Technologies India Private Limited (India)
• Sanofi (France)
• Sephora USA, Inc. (U.S.),