The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s hand cream and hand lotion market report forecasts the hand cream and hand lotion market size to grow to $10.49 Billion by 2027, with a CAGR (compound annual growth rate) of more than 10%.

Learn More On The Hand Cream and Hand Lotion Market Report 2023 – https://www.thebusinessresearchcompany.com/report/hand-cream-and-hand-lotions-global-market-report

Hand Cream and Hand Lotion Market Size Forecast

The global hand cream and hand lotion market is expected to grow from $6.43 billion in 2022 to $7.11 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hand cream and hand lotion market is expected to grow from $10.49 billion in 2027 at a CAGR of 10.2%.

North America held the largest hand cream and hand lotion market share.

Key Hand Cream and Hand Lotion Market Driver ­– Increase In The Habit Of Frequent Hand Washing To Avoid Infections

Washing hands regularly and thoroughly is one of the best ways to reduce COVID-19 transmission, as hands are responsible for bringing most bacteria into our respiratory system. Although hand washing and the use of harsh sanitizers are both essential to reducing the spread of the virus, they can hurt the skin, causing the hands to feel dry, cracked, and sore. Therefore, doctors recommend using hand creams that help keep the hands nourished, soothe any dry areas, and minimise irritation of the skin. Therefore, the drying of hands owing to frequent hand washing is expected to drive the growth of the hand cream and hand lotion market.

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Key Hand Cream and Hand Lotion Market Trend – Hand Creams That Contain Healthy Ingredients

Hand creams that contain healthy ingredients such as herbs and essential oils that cure and rebuild skin are a key trend in the hand cream and hand lotion market. For instance, the aloe-based hand repair creams made with 60% aloe gel provide deep moisture to the skin for comfortable and soft hands. This cream repairs dry and broken skin and can also be applied to key dry areas of the skin, such as knees and elbows. The subtle scent that these natural ingredients leave behind also encourages the use of this cream more frequently.

Hand Cream and Hand Lotion Market Segment

1) By Type: Moisturising Hand Lotion, Protective Hand Lotion, Repair Hand Crème, Other Types

2) By Application: Adult, Baby

3) By Distribution Channel: Supermarket/Hypermarket, Specialty Store, Beauty Salon, Pharma & Drug Store, Online Store

Hand Cream and Hand Lotion Market Major Players and Strategies

Major players in the hand cream and hand lotion market are Unilever, Johnson & Johnson, Procter & Gamble, Coty, Beiersdorf, LYNX, Whealthfields Lohmann, Jahwa, and Suave.

In November 2021, Edgewell Personal Care Company, a US-based consumer products manufacturing company specialising in the manufacturing and sales of personal care products, acquired Billie, Inc. for an amount of $3100 million. Through this acquisition, Edgewell increases its organization’s consumer-focused digital capabilities and strengthens its position in the important mid-tier women’s shaving market in theU.S.,. and increases its razors, shaving cream, make up wipes, body lotion, lip balms, dry shampoo, and body wash product portfolios. So It also increases Billie’s capacity to take advantage of significant growth opportunities by utilising our retail distribution platform and marketing channels. Billie Inc. is a US-based consumer brand company pioneering in supplies and body products.

The Hand Cream and Hand Lotion Global Market Report 2023 covers regional data on hand cream and hand lotion market size, hand cream and hand lotion market trends and drivers, opportunities, strategies, and hand cream and hand lotion market competitor analysis. The countries covered in the hand cream and hand lotion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Hand cream and hand lotion refer to a low viscosity substance that is employed or rubbed onto hands to hydrate the skin and soften the body and hands of those who work hard all day. It is used to repair and prevent dry, cracked hands.

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