According to the latest report by IMARC Group “Hand Cream Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global hand cream market reached a value of US$ 416 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 585.2 Million by 2027, exhibiting a CAGR of 5.8% during 2022-2027.
Hand cream stands for a body care product formulated using water, triethanolamine, propylene glycol, stearic acid, methyl stearate, lanolin, etc. It has thick consistency as compared to lotions. Hand cream aids in preventing dryness, combating the signs of premature aging, protecting against ultraviolet (UV) exposure, enhancing moisture, etc. It also minimizes the clinical symptoms of irritant contact dermatitis. Some common product variants include hand creams with aromatic fragrances such as vanilla, cocoa, coconut, honey, etc.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The rising awareness towards hand hygiene due to the spread of COVID-19 has resulted in regular washing of hands, which is driving the hand cream market across the globe. Besides this, the easy availability of eco-friendly hand creams made from organic and vegan ingredients is also augmenting the market growth. Furthermore, several key players are focusing on launching innovative products with attractive and biodegradable packaging to expand their product portfolio, which is acting as another growth-inducing factor. Additionally, the growing investments in engaging promotional campaigns, such as celebrity endorsements to build brand awareness, are further catalyzing the product demand. Moreover, the expanding e-commerce sector and rising product sales on online platforms will continue to propel the global hand cream market over the forecasted period.
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