Hand Care Market Size & Share, Global Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Hand Care Market


The global Hand Care market size is projected to reach US$ 17.63 billion by 2026, from US$ 13.54 billion in 2020, at a CAGR of 4.5% during 2021-2026. The market is driven by increasing need to maintain hand hygiene, inclination of consumers towards health and wellness, and rise in health expenditure.

Companies like Reckitt Benckiser Group plc and Hindustan Unilever have taken initiatives in India to spread awareness about hand hygiene. For instance, the leading hand wash brands such as Dettol and Lifebuoy aimed to remind about 100 million people to wash hands before they eat using innovative ideas. These instances are accelerating the growth of the market by educating people about hygiene.

Initiatives taken by the WHO and FDA to make people aware about hand hygiene and harmful diseases associated with it are expected to support the market growth. Moreover, social media and online channels are making people exposed to information regarding clean and healthy lifestyles. These factors are improving the living standards and increasing health expenditure, thereby increasing the traction of the global market.

The market growth can be hampered by the health hazards associated with chemical ingredients, such as allergies. However, these issues can be resolved in the future as companies are focusing on product innovation like use of organic ingredients, antibacterial properties of the product, and addition of soothing fragrances, which is expected to spur the growth of the global market.

Market Segmentation, Outlook & Viewpoint: Global Hand Care Market

Product Type Market Segmentation & Outlook (Revenue, USD Billion, 2014 - 2025)

  
Beauty Product
  
Hand wash
  
Sanitizer

Distribution Channel Market Segmentation & Outlook (Revenue, USD Billion, 2014 - 2025)

  
Online
  
Drugstore
  
Supermarket & Hypermarket
  
Specialty Stores

Key Players, Recent Developments & Regional Insights: Global Hand Care Market

Hand wash and sanitizer are basic products that are used for hygiene and they hold a larger share altogether. The hand wash segment accounted for the largest share of over 40.0% and is expected to maintain its uniformity owing to its characteristic of providing basic hygiene and its application in almost every industry.

Hand sanitizer is projected to expand at the highest CAGR of 4.8% over the forecast period. This segment is gaining popularity due to its benefits such as easy to carry and hassle free use. Manufacturers are continuously focusing on product development with the aim of making sanitizers more effective thus increasing the growth of this segment. For instance, according to the U.S. Centers for Disease Control and Prevention (CDC), sanitizers with more than 60.0% alcohol are most effective.

Distribution Channel Insights

In 2018, the supermarket & hypermarket distribution channel held the largest share of 39.2% in the hand care market. This segment is popular owing to its benefits such as providing the consumers an advantage of scanning the product before purchase that influences the buying decision, availability of a store associate who helps them choose the right product, and instant buying of the product rather than waiting of it to get deliver in case of online purchasing.

The online segment, however, is estimated to expand at the highest CAGR of 4.9% over the forecast period. Rise in penetration of e-commerce and smart devices like mobile phones and tablets, along with benefits like easy payment options and discounts, are the factors contributing to the growth of this market. Moreover, increasing preference for online shopping is compelling the manufacturers to offer their products through online channels to cater to the vast consumer base.

Regional Insights

Asia Pacific held the largest share of about 35.0% in 2018 in the global market, followed by North America. Booming skincare products market in countries such as China, Hong Kong, and South Korea is a major factor contributing to the largest share of the APAC region in the market. India accounts for a major share in the hand wash market due to high consumption of this product as compared to sanitizers. Consumers prefer liquid washes over sanitizers on a daily basis, which contributes to the major growth of the product, thereby accelerating the traction of the global market.

Middle East and Africa is the fastest growing regional market with a CAGR of 5.1% over the forecast period. The region is prone to diseases such as avian flu, Ebola virus disease, H1N1 flu, and SARS, thus increasing the demand for hand sanitizers. Moreover, Africa has a periodic outbreak of these diseases, due to which, hand hygiene becomes a necessity in this region.

Hand Care Market Share Insights

The industry is dominated by leading players such as Unilever; Procter & Gamble; Johnson & Johnson Services, Inc.; PHILOSOPHY, INC.; Coty Inc.; Beiersdorf; Lynx; Whealthfields Lohmann; and Jahwa.
The competitive strategies for the market include innovation to increase product efficiency, use of organic and natural ingredients for product development to avoid allergies and harmful chemicals reactions, mergers and acquisitions, and new product launches.

Key Insights Covered: Global Hand Care Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Hand Care industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Hand Care industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Hand Care industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Hand Care industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Hand Care industry.

Research Methodology: Global Hand Care Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other