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Global Hand Lotion & Hand Cream Market By Product Type (Hand Lotions, Hand Creams), By Ingredients (Natural/Organic, Fragrance-Free/Hypoallergenic, Anti-Aging), By Distribution Channel (Retail Stores, Online Retail, Specialty Stores), By Geographic Scope and Forecast


Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Hand Lotion & Hand Cream Market By Product Type (Hand Lotions, Hand Creams), By Ingredients (Natural/Organic, Fragrance-Free/Hypoallergenic, Anti-Aging), By Distribution Channel (Retail Stores, Online Retail, Specialty Stores), By Geographic Scope and Forecast

Hand Lotion And Hand Cream Market Size And Forecast

Hand Lotion Hand Cream Market size was valued at USD 7.7 Billion in 2024 and is projected to reach USD 15.80 Billion by 2031, growing at a CAGR of 9.4% from 2024 to 2031.

  • Hand lotion and cream are skincare products that moisturize and protect the hands, leaving the skin soft, moisturized, and nourished.
  • They are used to the hands to replenish moisture lost during everyday activity, exposure to harsh weather, or regular cleaning. Hand lotions have a lighter texture and are rapidly absorbed, making them ideal for daily usage. Hand creams, on the other hand, are thicker and give more extensive moisturization, making them ideal for nightly usage or for treating specific skin conditions such as dryness or aging.
  • Hand lotion and hand cream are predicted to grow in popularity as healthcare technology advances and customer preferences shift. This includes advancements in components like as plant-based extracts, hyaluronic acid, and anti-aging substances. To improve moisturizing and skin rejuvenation properties. Furthermore, customers are increasingly interested in sustainable packaging solutions and eco-friendly compositions that match with their environmental consciousness.
  • As skincare routines expand around the world, hand lotions and creams will become increasingly important in maintaining healthy, moisturized hands while efficiently addressing specific skincare needs.

Global Hand Lotion &Hand Cream Market Dynamics

The key market dynamics that are shaping the global hand lotion &hand cream market include

Key Market Drivers

  • Increasing Prevalence of Skin Diseases and Dry Skin Problems The increasing prevalence of skin disorders, particularly those affecting the hands, is a major driver of the hand lotion and hand cream market. According to the American Academy of Dermatology Association, eczema affects around 31.6 million people in the United States, or about 10% of the population. According to the National Eczema Association, hand eczema affects around 10% of the United States population. These high prevalence rates lead to the increased demand for specialized hand care solutions that address a variety of skin diseases and alleviate dry, irritated skin.
  • Growing Awareness of Hand Hygiene and Increasing Hand Washing The COVID-19 epidemic has raised awareness about hand hygiene, resulting in greater hand washing and sanitizing measures. During the pandemic, handwashing rates among adults in the United States increased by 36%, according to the Centers for Disease Control and Prevention. The increased use of hand washing has resulted in increased skin dryness and irritation, driving demand for hand moisturizing solutions. According to a Mintel survey performed in 2021, 55% of US respondents said they used hand cream more frequently as a result of more hand washing and sanitizing.
  • Beauty and Personal Care TrendsBeauty and personal care trends are shifting towards self-care and wellbeing, which is boosting demand for hand lotions and creams. These products are regarded not only as necessary for keeping hands soft and supple, but also as part of a larger skincare regimen. Anti-aging formulations, natural ingredients, and products designed to address specific skin conditions are especially popular among consumers looking for effective and targeted skincare solutions.
  • Environmental and Ingredient TransparencyThe market is being influenced by consumers’ growing preference for products made with natural and sustainable components. Hand lotions and creams free of harsh chemicals, parabens, and artificial perfumes are gaining popular. Brands that emphasize openness in sourcing and production techniques, as well as eco-friendly packaging, are gaining popularity among environmentally concerned consumers that prioritize health and sustainability in their purchasing decisions.

Key Challenges

  • Competition and SaturationThe market is extremely competitive, with various brands and items competing for consumers’ attention. This saturation makes it difficult for new entrants to distinguish themselves and obtain market share. Established brands must constantly innovate and spend in marketing to keep their position.
  • Ingredient Safety and Information Consumers are increasingly demanding information about the substances used in skincare products. There is rising worry about the toxic chemicals, allergies, and environmental impact of particular additives. Brands must balance regulatory compliance with consumer demands for natural, organic, and hypoallergenic formulas.
  • Price Sensitivity and Economic Factors Prices for hand lotions and creams vary greatly, and consumers are frequently price-sensitive, particularly during economic downturns. Balancing product quality and price is critical for brands to stay competitive. Economic issues like as inflation and shifting raw material costs have an impact on pricing strategies and profitability.
  • Health and Safety Requirements Complying with severe health and safety requirements is difficult, especially in worldwide markets with diverse regulatory frameworks. To maintain legal compliance and customer safety, brands must manage complicated rules governing product formulation, labeling, and advertising claims.

Key Trends

  • Demand for Natural and Organic Products Consumers are increasingly preferring hand lotions and creams made with natural and organic components. Products free of parabens, sulfates, and artificial perfumes are becoming increasingly popular because to their perceived safety and environmental sustainability. To address this desire, brands are offering botanical extracts, plant-based oils, and eco-friendly packaging options.
  • Anti-Aging and Specialized Formulations The market is seeing an increase in anti-aging hand creams and specialized formulations that address specific skin conditions such as dryness, sensitivity, and age spots. Consumers are looking for products that provide not just moisture but also anti-aging effects, such as collagen-boosting peptides, hyaluronic acid, and vitamins with skin-rejuvenating characteristics.
  • Digitalization and E-commerce Growth The hand lotion and hand cream market has hastened its transition to online shopping and digital platforms. Brands are increasingly relying on e-commerce methods to reach a larger audience, improve customer interaction, and provide personalised purchasing experiences. Virtual try-ons, subscription services, and social media marketing are becoming important components of company strategies in the digital age.
  • Packaging Innovation and Sustainability The hand lotion and hand cream business is moving toward more sustainable packaging alternatives. To reduce their environmental impact, brands are providing refillable solutions, using recyclable materials, and reducing plastic waste. Packaging design innovations, such as airless pumps and biodegradable materials, are gaining popularity among environmentally concerned consumers looking for sustainable options.

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Global Hand Lotion & Hand Cream Market Regional Analysis

Here is a more detailed regional analysis of the global hand lotion & hand cream market

North America

  • Hand care products are in high demand in North America, notably the United States, due to the frequency of skin disorders and dermatological concerns. According to the American Academy of Dermatology Association, eczema affects around 31.6 million people in the United States, or roughly 10% of the population. According to the National Eczema Association, hand eczema affects around 10% of the United States population. This high prevalence of skin problems increases demand for specialized hand lotions and creams, resulting in market growth in the region.
  • The North American region’s expanding elderly population drives demand for hand lotions and creams. According to the United States Census Bureau, the number of Americans aged 65 and up is expected to nearly double, from 52 million in 2018 to 95 million by 2060. By 2030, all baby boomers will be beyond the age of 65, increasing the elderly population to one in every five citizens. Older folks tend to have drier skin and require more extensive moisturizing products, such as hand creams. According to the American Academy of Dermatology, more than 85% of older persons experience “winter itch,” which is caused by dry skin, further driving the demand for hand care products.

Asia Pacific

  • Asia Pacific is seeing a considerable increase in skincare awareness, especially among younger groups. According to Euromonitor International, the Asia Pacific skincare market was valued at $84.8 billion in 2022 and is expected to rise at a CAGR of 6.5% between 2023 and 2028. In China alone, the hand care category of the beauty and personal care industry increased by 11.2% in 2022, reaching $1.3 billion. This greater awareness is leading to increased use of hand care products such as lotions and creams.
  • Rapid economic expansion in Asia Pacific has resulted in rising disposable incomes and an expanding middle class. According to the World Bank, the middle class in East Asia and the Pacific has increased from 500 million in 2002 to more than 2 billion by 2022. In India, the average household income is predicted to treble between 2005 and 2025, reaching $18,500 per year. This economic expansion is directly related to increasing spending on personal care items such as hand lotions and creams. According to a Nielsen survey, 58% of Asian Pacific consumers said they will spend more on premium personal care items in 2022 than the previous year.

Global Hand Lotion & Hand Cream MarketSegmentation Analysis

The Global Hand Lotion &Hand Cream Market is segmented on the basis of By Product Type, By, By Ingredients, By Distribution Channel and By Geography.

Global Hand Lotion &Hand Cream Market, By Product Type

  • Hand Lotions
  • Hand Creams

Based on Product Type, the Global Hand Lotion & Hand Cream Market is segmented into Hand Lotions, Hand Creams. Hand creams are the preferred product type due to their thick consistency and moisturizing properties, appealing to consumers seeking deeper hydration and skin protection. Hand lotions are the fastest-growing segment due to their lighter texture, quick absorption, and versatility in daily use, driven by increasing consumer awareness of skincare routines and hygiene practices.

Global Hand Lotion &Hand Cream Market, By Ingredients

  • Natural/Organic
  • Fragrance-Free/Hypoallergenic
  • Anti-Aging

Based on Ingredients, the Global Hand Lotion & Hand Cream Market is segmented into Natural/Organic, Fragrance-Free/Hypoallergenic, and Anti-Aging. The natural/organic ingredients segment is gaining market share due to health and wellness awareness and preference for safer, more environmentally friendly products. The anti-aging segment is rapidly growing, driven by global aging populations and the desire for anti-aging products with retinol, peptides, and vitamins.

Global Hand Lotion & Hand Cream Market, By Distribution Channel

  • Retail Stores
  • Online Retail
  • Specialty Stores

Based on Distribution Channel, the Global Hand Lotion & Hand Cream market is segmented into Retail Stores, Online Retail, and Specialty Stores. Retail stores dominate the hand lotion and hand cream market due to their physical presence and direct product inspection. Online retail, driven by internet penetration and convenience, is the fastest-growing segment, offering a wide selection of products, price comparisons, reviews, and online purchases, contributing to global sales growth.

Global Hand Lotion  & Hand Cream Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

On the basis of Geography, the Global Hand Lotion  & Hand Cream market are classified into North America, Europe, Asia Pacific, and Rest of World. North America currently dominates the market due to significant consumer awareness of skincare products, as well as a strong demand for luxury and organic formulas. Meanwhile, the Asia Pacific area is expanding the fastest, driven by increased disposable incomes, urbanization, and a growing emphasis on personal grooming in nations such as China, India, and Japan. This expansion is aided by expanded retail channels and a growing trend in the region for skincare and beauty routines.

Key Players

The “Global Hand Lotion & Hand Cream Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Unilever, Johnson and Johnson, Procter and Gamble, L’Oreal, Beiersdorf, Kao, Henkel, LVMH Moët Hennessy, Colgate-Palmolive.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global Hand Lotion & Hand Cream MarketRecent Developments

  • In March 2024, L’Occitane, a significant participant in the hand care business, has introduced a breakthrough eco-friendly packaging for their best-selling hand cream brand. The new packaging is comprised entirely of recycled ocean plastic sourced from Southeast Asia’s coastal locations. This project not only answers rising consumer demand for ecological products, but it also helps to combat marine pollution. L’Occitane claimed that pre-orders for the new packaging were 200% more than expected, demonstrating considerable consumer interest in environmentally conscious personal care products.
  • In January 2024, SkinTech launched an AI-powered app that evaluates users’ skin type, lifestyle, and environmental factors to offer individualized hand care routines and products. The app employs smartphone camera technology to assess skin condition and offers personalized advice on moisturizing frequency and product selection. Within the first month of availability, the app had over 500,000 downloads, indicating a substantial market demand in personalised skincare products for hands.
  • In November 2023, Neutrogena has launched a new line of hand lotions enriched with natural antibacterial components including tea tree oil and manuka honey. This product line intends to address the increasing attention on hand cleanliness during the pandemic while also fulfilling consumer desire for natural ingredients. The company said that the new line gained 15% of the hand cream market share in the first quarter of introduction, indicating a positive market reception.
  • In July 2023, Shiseido, a Japanese beauty business, has introduced a specialist hand care line to target skin concerns associated with increased touchscreen device use. The items claim to guard against blue light damage and deliver extra moisture to parts of the hand that are frequently exposed to smartphones. Within two months of its release, the product line had become the best-selling hand care item in major Asian markets such as Japan, South Korea, and Singapore, revealing a new niche in the hand care industry driven by modern technology use.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Base Year

2024

Forecast Period

2024-2031

Historical Period

2021-2023

Key Companies Profiled

Unilever, Johnson and Johnson, Procter and Gamble, L’Oreal, Beiersdorf, Kao, Henkel, LVMH Moët Hennessy, Colgate-Palmolive.

Segments Covered

By Product Type, By Ingredients, By Distribution Channel, And By Geography.

Customization Scope

Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )