Industry Background:
Human skin is the body's largest organ and a complex biological system known as the integumentary system. Skin acts as an interface between a body and the environment and serves many many functions. Hand Creams and Lotions available in the market can benefit the skin by protecting it with sunscreen, which helps prevent skin cancer and brown age spots. Increased usage of Hand Creams and Lotions for Sun Block, Anti-Tan Creams and Lotions are another Key Factors Augmenting the Global Hands Cream & Lotion Market. The growth of Creams and Lotions market has an expanded role in a well-rounded skin care regimen. Hands are much more exposed to damage than any other part of our body. Water, chemicals and the sun are the main causes of damage to the hands and they are also one of the first places to show any signs of ageing. Hence this demands an effective and good Creams and Lotion without causing any damage to the skin. Creams, used as facial cleansers and moisturizers, and lotions are also used as Hand and Body Creams & Lotions.This growth is primarily driven by Escalating Demand for Hand Creams and Body Lotions among Consumers, Growing E-Commerce Sector by Providing Various Businesses through Online Mode for this Market and Demand for organic and natural skin care products from cosmetic industry..
Globally, a noticeable market trend is evident Increasing Awareness Regarding the Various Benefits of using Personal Care Products among Consumers has resulted in a Rise in their Demand Over the Last Few Years
. The Personal Products sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Unilever (United Kingdom), Johnson & Johnson (United States), Procter & Gamble (United States), Philosophy (United States), Coty, Inc. (United States), Beiersdorf AG (Germany), LYNX (United States), Whaelthfields Lohmann (China), Shanghai Jahwa United Co., Ltd. (China), Olay (United States), Alba Botanica (United States), Avalon Organics (United Kingdom) and Galderma (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In January 2017, Sandoz Company announced that it has acquired the AmLactin family of skin care brands from Minnesota-based pharmaceutical company Upsher-Smith Laboratories, Inc. Under terms of the agreement, Upsher-Smith, through existing channels, will continue to distribute AmLactin hand and body lotion products to most of the United States customers.
Market Drivers
- Escalating Demand for Hand Creams and Body Lotions among Consumers
- Growing E-Commerce Sector by Providing Various Businesses through Online Mode for this Market
- Demand for organic and natural skin care products from cosmetic industry.
Market Trend
- Increasing Awareness Regarding the Various Benefits of using Personal Care Products among Consumers has resulted in a Rise in their Demand Over the Last Few Years
- Growing Need for Natural Quick-Fix Solutions for Various Problems of Skin that Arise from Pollution and Other Factors is projected to have a Positive Impact on the Market in the Coming Future.
Restraints
- The allergic reaction by using some Hand Creams and Lotions to some people which may affect the skin, in turn, can result in less sale of the product and may hamper the market.
Opportunities
With the Demand for Moisturizing Hand Cream and Lotions and Manufacturers, Focus on Research and Development Activities and Formulation of New Products, Resulting in the Growth of Green Chemistry and the Green Sector.
Challenges
New product launches and the Establishment of Strategic Partnerships are expected to remain critical and a challenge for the the industry participants in the years to come.
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Hand Cream & Lotion Study Sheds Light on
The Hand Cream & Lotion Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Hand Cream & Lotion industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hand Cream & Lotion industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.