About Hand Care
Hand Care Product is a kind of skin care product which can heal and smooth skin cracks, dry, prevent and treat rough and dry hands in autumn and winter effectively. Hand Care market is expected to grow in the future due to an increasing need to maintain hand hygiene and the rising consumer expenditure power on health. High disposable income and the inclination of consumers towards health and wellness, have redefined the needs of hand care, and in the process, created an attractive market for companies dealing in hand care products.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global Hand Care products market is highly competitive and fragmented with players adopting the acquisition and product innovation as their key strategy to increase their market share. Key vendors have largely invested in Research and development as part of developing unique products specifically for different regions. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Hand Care market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Unilever (United Kingdom), Johnson & Johnson (United States), Procter & Gamble (United States), Coty, Inc. (United States), Beiersdorf AG (Germany), Whaelthfields Lohmann (China), Shanghai Jahwa United Co., Ltd(China), LYNX (United States), Olay (United States) and Alba Botanica (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Avalon Organics (United Kingdom) and Galderma (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hand Care market by Type (Beauty Product, Hand Wash and Sanitizer), Application (Adult and Children and Baby) and Region.
On the basis of geography, the market of Hand Care has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Hypermarket & Supermarket will boost the Hand Care market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
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.
Market Growth Drivers:
Increased Demand for Personal Care Products, Rise in the Promotional Activities by Manufacturers and Increased Disposable Income of People in Developing Regions
Challenges:
Availability of Substitute Products in the Market
Restraints:
The Rise in Raw Material Cost and Probable Effect of Chemicals
Opportunities:
Formulation of New Products, Resulting in the Growth of Green Chemistry and the Green Sector. and Robust Increase in the Distribution Channels
In MAy 2018,ITC, India's leading multi-business conglomerate, and its leading hygiene brand Savlon is known for redefining norms conscientiously. In an inclusive step forward, Savlon launches its hand sanitiser at a price of just 0.6 Cent (Less than a Cent| INR 0.50 or half an Indian rupee).
Key Target Audience
Hand Care Product Manufactures, Hand Care Product Suppliers, Hand Care Product Distributors, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.