The Latin America, Middle East and Africa Hand Cream Market would witness market growth of 14.1% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 13,002.5 thousand units, showcasing a growth of 12.3% (2024-2031).
Moisturizing hand creams are a key product segment within the hand cream market, designed to hydrate and protect the skin on the hands, which is especially prone to dryness and damage due to frequent washing, environmental exposure, and daily wear. These creams typically contain humectants, such as glycerine or hyaluronic acid, which attract moisture, as well as emollients like shea butter, almond oil, or aloe vera, which help to soften and smooth the skin’s surface. Some formulations also include occlusive agents like petrolatum or dimethicone, which create a barrier to lock in moisture, providing longer-lasting hydration. Thus, the Saudi Arabia market is expected to Utilize 923.0 thousand units of Moisturizing hand creams by the year 2031.
The Brazil market dominated the LAMEA Hand Cream Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $90.2 million by 2031. The Argentina market is showcasing a CAGR of 15% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 13.2% during (2024 - 2031).
The adoption of hand cream has become widespread, owing to a growing emphasis on skin health and self-care across the globe. The broad adoption of hand creams can be attributed to the increased focus on personal care and wellness, with consumers integrating these products into their daily routines. People increasingly know the need to protect their skin from external elements, with hand creams becoming a staple in households, workplaces, and handbags.
Additionally, while both men and women use hand creams, women are the primary consumers of hand care products. The beauty and personal care industry has long been a significant market for women’s grooming products, and hand creams are no exception. Lifestyle factors like household chores, cooking, and frequent washing often expose women's hands to greater environmental stressors, driving the demand for hand care products.
The hand cream market is poised to benefit significantly from the rising retail sector in Brazil and the expanding beauty industry in Sub-Saharan Africa. These regions are experiencing dynamic changes that create opportunities for the hand cream market. According to the Brazilian government, retail trade sales increased by 1.0% in January 2024 from December, following a 2.8% increase in the previous month. The quarterly moving average also showed a positive change of 0.7% in the quarter ending in February 2024. The unadjusted series revealed an 8.2% rise in retail trade from February 2023, marking the ninth consecutive monthly increase.
Free Valuable Insights: The Worldwide Hand Cream Market is Projected to reach USD 4.2 Billion by 2031, at a CAGR of 12.6%
Based on End Use, the market is segmented into Women, and Men. Based on Product, the market is segmented into Moisturizing Hand Creams, Anti-Aging Hand Creams, Repairing Hand Creams, Whitening/Brightening Hand Creams, and Other Products. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Pharmacies & Drugstores, Specialty Beauty Stores, E-commerce, and Other Distribution Channels. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By End Use (Volume, Thousand Units, USD Billion, 2020-2031)
By Product (Volume, Thousand Units, USD Billion, 2020-2031)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2020-2031)
By Country (Volume, Thousand Units, USD Billion, 2020-2031)
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