The North America Hand Cream Market would witness market growth of 12.4% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 15,718.8 thousand units, showcasing a growth of 11.8% (2020-2023).
Anti-aging hand creams are a specialized product within the hand cream market, designed to address skin aging signs on the hands, such as fine lines, wrinkles, age spots, and loss of elasticity. These creams contain targeted ingredients like retinol, peptides, hyaluronic acid, and antioxidants (such as vitamins C and E), which are known to stimulate collagen production, enhance hydration, and protect the skin from environmental damage. Thus, the Canada market is expected to Utilize 823.1 thousand units of Anti-aging hand creams by the year 2031.
The US market dominated the North America Hand Cream Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $693.2 million by 2031. The Canada market is experiencing a CAGR of 14.5% during (2024 - 2031). Additionally, The Mexico market is exhibiting a CAGR of 13.8% during (2024 - 2031).
The men's grooming industry has also contributed to the increased adoption of hand creams. As skincare has become an essential part of men’s grooming routines, the demand for hand creams among men is rising, with formulations designed specifically for their needs (e.g., lightweight, non-greasy, and fast absorbing).
Moreover, due to increased awareness of hygiene and hand care, especially after the COVID-19 pandemic, hand creams are increasingly used in office environments. Frequent hand washing and the use of sanitizers have led to skin irritation and dryness, making hand creams an essential product in workplaces.
The rising growth of the cosmetics industry in Canada and the expanding e-commerce sector in Mexico will significantly contribute to the growth of the hand cream market in both countries. As disposable incomes rise and consumer demand for skincare products increases, hand creams are expected to see stronger market performance in these regions. The growing interest in anti-aging and skin rejuvenation products and the expanding e-commerce landscape will play key roles in this growth.
Free Valuable Insights: The Hand Cream Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
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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![LAMEA Hand Cream Market Size, Share, Forecast Report [2031]](https://www.kbvresearch.com/upload/cover/lamea-hand-cream-market.jpg "LAMEA Hand Cream Market Size, Share, Forecast Report [2031]")
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