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Global Hand Cream Market: By Product Type: Repair Hand Cream, Anti-Aging Hand Cream, Whitening Hand Cream, Overnight Hand Cream, Others; By Demographics; By Age Group; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape, Industry Events and Developments

Global Hand Cream Market Outlook

The global hand cream market attained a value of USD 356 million in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 6% to reach USD 503 million by 2026.

 

The Asia Pacific to Provide Significant Growth Opportunities to the Hand Cream Industry

The Asia Pacific accounted for a significant portion of the global hand cream industry. This is due to the high demand for skin care products and the existence of several hand cream manufacturers in the region. In addition, the coronavirus outbreak has resulted in increased consumer awareness regarding washing and sanitising hands, which, in turn, is propelling the demand for hand creams in the region. Furthermore, the growing consumer disposable incomes and the rising living standards are also favouring the regional market growth. In addition, during the forecast period, the Asia Pacific is predicted to be the fastest-growing regional market for hand cream.

 

Increasing Number of Working Women to Augment the Global Market for Hand Cream

As the number of working women rises across the world, so does their spending power. As a result, the working women population is expected to serve as a primary driver for the hand cream industry growth. This is due to the fact that women are the major consumers of personal care products and cosmetics, thereby resulting in increased utilisation of hand creams. Furthermore, their utilisation is expected to increase in the coming years owing to the growing preference and availability of cruelty-free hand creams infused with components like herbs and essential oils that help to repair the skin naturally.

 

Global Hand Cream Industry: Definition and Segmentation

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. Furthermore, they are widely available in different flavours and fruity fragrances to target potential customers.

The major product types in the hand cream industry are:

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

The market can be broadly categorised on the basis of demographics into:

  • Female
  • Male

Based on age group, the market can be divided into:

  • Generation X
  • Baby Boomers
  • Millennials
  • Generation Z

On the basis of distribution channel, the market can be segmented into:

  • Hypermarkets and Supermarkets
  • Beauty Salons
  • Specialty Stores
  • Pharmacies and Drug Stores
  • Online
  • Others

The EMR report looks into the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Shift towards Cruelty-Free and Natural Products to Bolster the Growth of the Global Hand Cream Industry

A prominent trend in the hand cream business is the growing consumer preference for hand creams that contain healthy and organic components, such as herbs and essential oils, to repair and moisturise skin naturally. For example, aloe-based hand creams, which are manufactured using aloe vera gel with very few preservatives, provide deep moisturisation to the skin, resulting in pleasant and smooth hands. The mild fragrance of such natural substances also makes the product more appealing to consumers, further serving as a suitable option for everyday use. In addition, the growing innovations by the manufacturers and the inclusion of components and smells like fruity and gourmand, creamy and nutty, super foods, and fresh notes, among others are expected to be a major driver for the hand cream industry. Furthermore, applying hand cream after sanitising hands is one of the most popular industry trends right now.

 

Key Industry Players in the Global Hand Cream Market

The report presents a detailed analysis of the following key players in the global hand cream market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Beiersdorf AG
  • The Avon Company
  • Johnson & Johnson Services, INC. (J&J)
  • L'Oreal SA
  • Unilever Plc
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Hand Cream Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Hand Cream Historical Market (2016-2020) 
    8.3    Global Hand Cream Market Forecast (2021-2026)
    8.4    Global Hand Cream Market by Product Type
        8.4.1    Repair Hand Cream
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Anti-Aging Hand Cream
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Whitening Hand Cream
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Overnight Hand Cream
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Others
    8.5    Global Hand Cream Market by Demographics
        8.5.1    Female
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Male
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Hand Cream Market by Age Group
        8.6.1    Generation X
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Baby Boomers
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Millennials
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Generation Z
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
    8.7    Global Hand Cream Market by Distribution Channel
        8.7.1    Hypermarkets and Supermarkets
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Beauty Salons
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Specialty Stores
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Pharmacies and Drug Stores
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Online
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2016-2020)
            8.7.5.3    Forecast Trend (2021-2026)
        8.7.6    Others
    8.8    Global Hand Cream Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Beiersdorf AG
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    The Avon Company
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Johnson & Johnson Services, INC. (J&J)
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    L'Oreal SA
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Unilever Plc
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Hand Cream Market: Key Industry Highlights, 2016 and 2026
2.    Global Hand Cream Historical Market: Breakup by Product Type (USD Million), 2016-2020
3.    Global Hand Cream Market Forecast: Breakup by Product Type (USD Million), 2021-2026
4.    Global Hand Cream Historical Market: Breakup by Demographics (USD Million), 2016-2020
5.    Global Hand Cream Market Forecast: Breakup by Demographics (USD Million), 2021-2026
6.    Global Hand Cream Historical Market: Breakup by Age Group (USD Million), 2016-2020
7.    Global Hand Cream Market Forecast: Breakup by Age Group (USD Million), 2021-2026
8.    Global Hand Cream Historical Market: Breakup by Distribution Channel (USD Million), 2016-2020
9.    Global Hand Cream Market Forecast: Breakup by Distribution Channel (USD Million), 2021-2026
10.    Global Hand Cream Historical Market: Breakup by Region (USD Million), 2016-2020
11.    Global Hand Cream Market Forecast: Breakup by Region (USD Million), 2021-2026
12.    North America Hand Cream Historical Market: Breakup by Country (USD Million), 2016-2020
13.    North America Hand Cream Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Europe Hand Cream Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Europe Hand Cream Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Asia Pacific Hand Cream Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Asia Pacific Hand Cream Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Latin America Hand Cream Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Latin America Hand Cream Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    Middle East and Africa Hand Cream Historical Market: Breakup by Country (USD Million), 2016-2020
21.    Middle East and Africa Hand Cream Market Forecast: Breakup by Country (USD Million), 2021-2026
22.    Global Hand Cream Market Structure

Key Questions Answered in the Report

In 2020, the global hand cream market attained a value of nearly USD 356 million.

The market is projected to grow at a CAGR of 6% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 503 million by 2026.

The major drivers of the industry, such as the increasing number of working women, growing utilisation of hand cream after washing and sanitising hands due to rising health concern amid COVID-19, rising disposable incomes, increasing demand for personal care products with natural ingredients like aloe vera and honey, and increasing investment in product marketing, are expected to aid the market growth. 

The key market trends guiding the growth of the industry include the growing innovations by the manufacturers and the incorporation of fruity smell and fresh notes to target potential customers.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant product types of hand cream are repair hand cream, anti-aging hand cream, whitening hand cream, and overnight hand cream, among others.

The significant segments, based on demographics, are female and male.

The significant age groups of consumers utilising the product include generation X, baby boomers, millennials, and generation Z.

The significant distribution channels of the product are hypermarkets and supermarkets, beauty salons, specialty stores, pharmacies and drug stores, and online, among others.

The major players in the industry are Beiersdorf AG, The Avon Company, Johnson & Johnson Services, INC. (J&J), L'Oreal SA, and Unilever Plc, among others.

Analyst Review

The global hand cream market attained a value of USD 356 million in 2020, driven by the increasing disposable incomes and the growing awareness regarding personal care and wellbeing among consumers. Aided by the shift towards cruelty-free and natural products, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 6%. The market is projected to reach USD 503 million by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product type, the global hand cream industry can be segmented into repair hand cream, anti-aging hand cream, whitening hand cream, and overnight hand cream, among others. On the basis of demographics, the market is segmented into female and male. Based on age group, the market is divided into generation X, baby boomers, millennials, and generation Z. On the basis of distribution channel, the market can be categorised into hypermarkets and supermarkets, beauty salons, specialty stores, pharmacies and drug stores, and online, among others. The major regional markets for hand cream are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Beiersdorf AG, The Avon Company, Johnson & Johnson Services, INC. (J&J), L'Oreal SA, and Unilever Plc, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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