Global Hand Sanitizer Market Size, Share, Growth, Demand, Trends, Analysis, and Forecast Research Report by 2025
The global hand sanitizer market was valued at USD 2.0 billion in 2019 and is expected to reach USD 5.5 billion by 2025, growing at a CAGR of 17.0% during 2020–2025.
Social media and online advertisements are extensively making people exposed to the data pertaining to the adoption of healthy lifestyles along with cleansers. Social media plays a pivotal role pertaining to the use of hand sanitizers among the consumers and is thereby significantly contributing towards the growth of the global hand sanitizer market.
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Key players in the hand sanitizer market are rapidly accentuating efforts in order to fulfill the demand of these products such as Hindustan Unilever and Reckitt Benckiser and are thus stimulating consumers to maintain basic hand hygiene by adhering to various initiatives and spreading awareness. The key players are including natural and organic ingredients in the manufacturing of hand sanitizers to eradicate the restraints of this product.
The hypermarket & supermarket are anticipated to generate largest revenue by 2025 in the global hand sanitizer market
Based on distribution channel, the global hand sanitizer market is categorized into specialty stores, hypermarket & supermarket, online, and drugs store. Of all distribution channels, hypermarket & supermarket are anticipated to generate the largest revenue by 2025 as this channel provides quick access to the hand sanitizers as compared to the purchase of this product through the online channels.
Geography Insight
Geographically, North America is the largest hand sanitizer market in 2019 and is further anticipated to generate the largest revenue by 2025. The growth of this product in this region is attributed towards wider accessibility of hand sanitizers along with the rapid prevalence of online and offline distribution channels to meet the demand of the product along with massive outbursts of coronavirus.
Geographically, the hand sanitizer market is divided into North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW).
Competitive Insight
Some of the major players operating in the global hand sanitizer market are Henkel AG & Company, Procter & Gamble, GOJO Industries, Inc., Reckitt Benckiser Group plc, Best Sanitizers, Inc., Unilever, Vi-Jon Laboratories Inc., Kutol, The Himalaya Drug Company, and Chattem Inc.
Source: VynZ Research
