Hand Sanitizer Market by Product (Gel, Foam, Spray, and Others), Distribution Channel (Online Store, Departmental Store, Pharmacy Store, and Others), and End Use (Restaurants, Schools, Hospitals, Household Purpose, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023
The global hand sanitizer market size in 2016 was $919 million and will exceed $1,755 million by 2023. Hand sanitizer serves as an effective alternative to hand soaps and bars that is used to disinfect hands. Alcohol-based hand sanitizers are widely used, as they effectively eradicate microorganisms.
Consumer inclination towards health and wellness is expected to be one of the major factors that drives the demand for hand sanitizers. Moreover, improved lifestyle, rise in health expenditure, increase in awareness about hand hygiene, and support from organization such as WHO, FDA, and others towards the need for sanitation propel the demand for hand sanitizers, thereby accelerating the growth of the global hand sanitizer market . However, health hazards associated with chemical ingredients are anticipated to hamper the global hand sanitizer market growth during the forecast period.
The report segments the global hand sanitizer market based on product, distribution channel, end use, and geography. Depending on product, the market is fragmented into gel, foam, spray, and others. On the basis of distribution channel, it is divided into online store, departmental store, pharmacy store, and others. By end use, it is classified into restaurants, schools, hospitals, household purpose, and others. Hospitals generated the maximum revenue in 2016, and is expected to remain dominant throughout the analysis period. The market is analyzed based on four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to dominate the global hand sanitizer market until 2023.
The prominent players operating in the global hand sanitizer industry have strategically focused on product launch as their key strategy to gain significant share in the market. The key players profiled in the report include Reckitt Benckiser Group, The Himalaya Drug Company, Procter and Gamble, Gojo Industry Inc., Henkel Corporation, Unilever Plc., Vi-Jon Laboratories Inc., Chattem Inc., Best Sanitizers Inc., and Kutol Products Company.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current trends and emerging estimations in the global hand sanitizer market.
In-depth analysis of the industry is conducted through market estimations of key segments from 2017 to 2023.
Comprehensive analysis of factors that drive and restrain the growth of the market is provided.
Extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
The key players are profiled and their strategies to determine the competitive outlook of the hand sanitizer industry.
KEY MARKET SEGMENTS
By Distribution Channel
By End Use
Rest of Europe
Rest of Asia-Pacific
* Other players in the value chain include
Deb Group Ltd.
Medline Industries, Inc.
L Brands Inc.
*Profiles of these players are not included in the report, but can be included on request.
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