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IMARC Group, a leading market research company, has released a report titled “Hand Cream Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. offers a comprehensive analysis of the industry, which comprises insights on the global hand cream market trends. The market size reached US$ 440.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 617.9 Million by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.
Hand cream is a body care product that contains water, triethanolamine, propylene glycol, stearic acid, methyl stearate, lanolin, and mineral oil. It has a thick consistency compared to lotions due to its strong emollient base. It is formulated to prevent dryness, combat premature aging signs, boost moisture levels and skin elasticity, and protect against UV exposure that can cause cracking and pigmentation. Currently, hand cream is gaining immense traction across the globe to reduce the clinical symptoms of irritant contact dermatitis.
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Hand Cream Market Trends and Drivers:
The global hand cream market is primarily driven by the rising utilization of overnight and whitening creams to treat skin issues, including aging spots, acne scars, or hormone discoloration. Moreover, the increasing consumer awareness about the benefits of using hand creams after washing and sanitizing has catalyzed market growth. Additionally, several key players are investing heavily in research and development (R&D) activities to introduce hand creams with natural ingredients, such as herbs and essential oils, thereby positively influencing the market growth. Besides this, the rising endorsements by celebrities and social media influencers worldwide and the significant expansion of the e-commerce industry are other major growth-inducing factors. Furthermore, easy product availability through online and offline distribution channels is contributing to the market growth. Other factors, including increasing consumer expenditure on premium body care products, rising beauty consciousness, and rapid urbanization, are also anticipated to propel the market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
Repair Hand Cream
Anti-Aging Hand Cream
Whitening Hand Cream
Overnight Hand Cream
Others
Breakup by Age Group:
Generation X
Baby Boomers
Millennials
Generation Z
Breakup by Demographic:
Male
Female
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Specialty Stores
Pharma and Drug Stores
Online Store
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Australian Native Botanicals
Beiersdorf AG
Coty Inc.
Glossier Inc.
Johnson & Johnson
Marks and Spencer plc
Sanofi S.A.
Shiseido Company Limited
The Clorox Company
The Procter & Gamble Company
Unilever plc.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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