The global hand sanitizer market size is anticipated to reach
USD 5.8 billion by 2025, according to a new report by Grand View Research,
Inc., expanding at a CAGR of 12.6% over the forecast period. Growing awareness
related to health and wellness products among consumers and rising inclination
towards usage of sanitizer is anticipated to drive the market over the forecast
period. Increasing prevalence of health issues due to rising communicable
diseases is expected to increase the demand for hand sanitizers over the
forecast period.
Hand hygiene forms the most important
element of personal care in order to prevent infectious diseases, which is
expected to act as a key factor for the global market. According to findings,
77% of the population prefer using hand sanitizer, while 23% claim not to use
the product. 77% of population in favor of sanitizer usage comprise 37.5% of
male users and 62.5% of female users. In addition, government promotes the
usage of hand care products in order to increase awareness as well as avoid
health issues among consumers.
For instance, the WHO and FDA have
taken initiatives in order to make people aware about hand hygiene and the
risks associated with not maintaining hygiene level of hands. In addition,
according to studies, hand sanitizer minimizes the risk of gastrointestinal and
respiratory infections among consumers who use the product. Moreover, this
product contains ingredients that help in reducing skin dryness and irritation
as compared to hand washing.
Furthermore, according to studies,
classroom application of hand sanitizers is expected to reduce absenteeism of
students due to illness by 20%. However, growth of the market can be hampered
by the usage of chemical ingredients associated with the product causing
allergies to some people. Rising influence of social media and online
advertisements has exposed people to the recent trends of personal care and
hygiene, which is accelerating the usage of hand sanitizers.
The gel product segment dominated the
market in 2018. The extent of easy product availability and wider access to gel
based products are some of the key factors driving the segment. The product
results in decreased microbial populations in different ways from anywhere and
everywhere. Moreover, inclusion of different flavors affecting the fragrance
has occupied a prominent place in the global market. For instance, in 2017,
Himalaya Wellness has launched new sanitizers, which are available in fruit
flavors including strawberry, green apple, litchi, and orange.
Online channel of distribution is
anticipated to expand at the fastest CAGR of 13.1% from 2019 - 2025. Online
retailers including Amazon, Walmart, Alibaba, and other such service providers
are adding to this category as a main focus area. This channel is widely used
in developed countries such as U.S., Germany, and U.K. for purchasing consumer
goods and unique personal care products on an increasing rate.
It is poised to emerge as a steady
revenue generating source for these product categories over the forecast
period. Promising growth exhibited by e-commerce platforms in emerging
countries, including India and China, is compelling manufacturers to reorient
their retail strategies for these countries.
North America dominated the global
market, accounting for 32.2% of share in 2018. Wider product availability,
along with increased penetration of online as well as offline channel, is a key
factor driving the market in this region.
Browse full research report on Hand Sanitizer Market: https://www.grandviewresearch.com/industry-analysis/hand-sanitizer-market
Further key findings from the report suggest:
- By product, foam is expected to expand at a CAGR of 13.0%
from 2019 to 2025
- By distribution channel, the hypermarket and supermarket
segment was valued at USD 1.0 billion in 2018
- Asia Pacific is the fastest growing region, expanding at a
CAGR of 13.3% from 2019 to 2025
- Top players operating in the hand sanitizer market include
Reckitt Benckiser Group plc; Procter & Gamble; The Himalaya Drug Company;
GOJO Industries, Inc.; Henkel AG & Company; Unilever; Vi-Jon; and
Chattem, Inc.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/hand-sanitizer-market/request/rs1
Grand View Research has segmented the global hand sanitizer market
by product, distribution channel, and region:
Hand Sanitizer Product Outlook (Revenue, USD Million, 2015 - 2025)
- Gel
- Foam
- Liquid
- Others
Hand Sanitizer Distribution Channel Outlook (Revenue, USD Million,
2015 - 2025)
- Hypermarket
& Supermarket
- Specialty
Store
- Drugs
Store
- Online
Hand Sanitizer Regional Outlook (Revenue, USD Million, 2015 -
2025)
- North
America
- U.S.
- Europe
- Germany
- U.K.
- Asia
Pacific
- China
- India
- Central
& South America
- Brazil
- Middle
East & Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
No comments:
Post a Comment