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Written by sujeet rai » Updated on: August 16th, 2024
IMARC Group's report titled "Hand Cream Market Report by Product (Repair Hand Cream, Anti-Aging Hand Cream, Whitening Hand Cream, Overnight Hand Cream, and Others), Age Group (Generation X, Baby Boomers, Millennials, Generation Z), Demographic (Male, Female), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Pharma and Drug Stores, Online Stores, and Others), and Region 2024-2032". The global hand cream market size reached US$ 466.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 736.8 Million by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.
Global Hand Cream Market Trends:
People need more moisturizing and anti-aging solutions as their skin tends to get drier and more prone to wrinkles as they age. Hand cream use is more common among older persons who want to keep their skin looking young and fight the symptoms of aging. In response to this market segment, the industry offers hand creams that target issues with aging skin, like better elasticity and moisture retention. Companies frequently use additives that cater to these particular needs in their products.
In addition, leading industry participants are giving priority to creative packaging solutions in order to enhance product functionality and meet changing customer demands and preferences. The use of airless pump dispensers has increased because of their capacity to maintain product quality and avoid
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/hand-cream-market/requestsample
Factors Affecting the Growth of the Hand Cream Industry:
The growing awareness among individuals about the importance of skin care is offering a favorable market outlook. As consumers become more knowledgeable about the importance of maintaining skin health, there is a heightened demand for products that provide hydration and protection. Education through social media, beauty blogs, and dermatological research emphasizes the benefits of regular hand care, making hand creams a vital product in daily routines. People are seeking out quality hand creams that address their specific skin needs, ranging from moisturizing to anti-aging properties.
The increasing prevalence of skin issues, such as eczema, dermatitis, and dry skin, among the masses around the world is supporting the market growth. There is an increase in the need for products that provide relief and manage symptoms. Hand creams formulated to address specific skin concerns, such as those containing medicated ingredients or advanced moisturizing agents, are increasingly sought after. In addition, people with chronic skin conditions are turning to specialized hand creams as part of their treatment regimen.
The rising demand for hand creams on account of the thriving beauty and personal care sector is contributing to the market growth. As the industry grows, it introduces a broader range of products and innovations, including hand creams with unique formulations, scents, and benefits. In addition, the increasing focus on self-care routines among individuals is bolstering the market growth. Apart from this, marketing strategies and influencer endorsements play a crucial role in promoting hand creams and making them a desired part of personal care regimens.
Leading Companies Operating in the Global Hand Cream Industry:
Explore full report with table of contents: https://www.imarcgroup.com/hand-cream-market
Hand Cream Market Report Segmentation:
By Product:
Repair hand cream exhibits a clear dominance in the market due to its targeted benefits for healing dry and cracked skin, which is a common concern among users.
By Age Group:
Generation X represents the largest segment attributed to the growing focus on skin care as part of their health and wellness routine.
By Demographic:
Female holds the biggest market share, as they are typically more engaged in skincare routines and are the primary consumers of beauty and personal care products.
By Distribution Channel:
Supermarkets and hypermarkets account for the majority of the market share owing to convenient access to a wide range of hand cream products under one roof, appealing to everyday shoppers.
Regional Insights:
Asia Pacific dominates the market, driven by the increasing awareness about skin health and personal care products among the masses.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
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.
IMARCs 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 companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Group
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