The market is likely to increase at a CAGR of 10% in the forecast period of 2020-2025.
Competitive Landscape & Supplier Analysis:
Himalaya Wellness [Himalaya Global Holdings Ltd.]
Procter and Gamble [PG (NYSE)]
Gojo Industries, Inc.
Henkel AG & Co. KGaA
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The global hand sanitizer market is being driven by the rising inclination of consumers towards health and well-being, contributing to growing product developments. Favourable funding for sanitation needs from organizations like the FDA and the WHO is further increasing the demand for hand sanitizers. Gel hand sanitizer is expected to continue to have the maximum share in the hand sanitizer industry because it is readily available throughout the aisles of different stores, from general stores to supermarkets. Moreover, gel hand sanitizer takes relatively less time to remove germs effectively. Furthermore, the foam hand sanitizer will also gain momentum over the forecast period of 2020-2025. Foam hand sanitizer sticks directly to the hand and is comparatively smaller than mist, liquid, gel, as well as other hand sanitizers. All such qualities make the foam hand sanitizer a lucrative consumer option. The growth of the hand sanitizing market will still be powered at an incredible rate by its time-efficient and easily accessible aspects.
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The leading key players in the industry like Procter & Gamble Co (NYSE: PG) and Henkel AG & Co. KGaA (OTCMKTS: HENKY) produce personal care products like hand sanitizers. Henkel AG & Co. KGaA provides a wide range of sanitizers under its brand called Dial. These hand sanitizers are available in a wide range, catering to the different demands of the consumers. The demand for hand sanitizers is growing rapidly due to the outbreak of a deadly virus called Coronavirus or COVID-19. The tremendous growth in demand has led to inflated prices on various platforms.
Market Analysis by Product:
Based on the product, the market can be divided into gel, foam, spray, and others.
Market Analysis by Distribution Channel:
The distribution channels include online stores, departmental stores, pharmacy stores, among others.
Market Analysis by End Use:
It finds end-uses in restaurants, schools, hospitals, household purpose, and others.
Market Analysis by Region:
Middle East & Africa
The regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Key Findings of the Report:
The rising inclination of consumers towards health and wellness and product development is driving the market growth.
The availability of a variety of flavours is propelling the market development.
The improved living standards of the consumers are pushing the market growth further.
The increasing health expenditure and the rising awareness about the importance of hygiene are aiding the market growth.
Key Offerings of the Report:
The EMR report gives an overview of the global hand sanitizer market for the periods (2015-2019) and (2020-2025).
The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the product, distribution channel, end-use, and regional markets of hand sanitizer.
It assesses the market based on the SWOT and Porter’s Five Forces models.
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