Status : Published Published On : Apr, 2020 Report Code : VRHC1229 Industry : Healthcare Available Format : Page : 71

U.S. Hand Sanitizer Market – Analysis and Forecast (2019-2025)

Industry Insights by Product (Foam, Gel, Liquid, Others), by Distribution Channel (Specialty Store, Hypermarket & Supermarket, Online, Drugs Store), by End User (Hospitals, Corporates, Military, Restaurants, Others)

Industry Overview

From USD 532.0 million in 2019, the U.S. hand sanitizer market is predicted to grow to USD 1,289.8 million by 2025, registering a CAGR of 15.7% during the forecast period (2020–2025). The market is witnessing huge demand, due to sudden outbreak of COVID-19 pandemic in the beginning of 2020. The increasing demand of hand sanitizer have been exceeding the supply in both online as well as in retail shops due to the global outbreak of COVID-19 in a very rapid pace. Due to the COVID-19 outbreak, leads to an increase in the awareness of hand hygiene and cleaning practices among consumers and is one of the key factors driving the growth of the U.S. market.

U.S. Hand Sanitizer Market Highlights

Moreover, keeping the hands hygienic is considered to be the most vital factor and governments across the globe are emphasizing and promoting the utilization of hand care products in order to evade health issues amongst the consumers. Moreover, FDA and WHO are implementing rampant efforts in order to aware the consumers regarding hand hygiene and risk factors prevailing by not adhering to hygiene level of hands.

Market Segmentation

Insight by Product

During the forecast period, the foam classification is projected to witness the fastest hand sanitizer market growth, on the basis of product. This is because of its ability to penetrate deep in the skin and further stays for longer time period on the skin. Furthermore, the product is easily available in the market and enables easy application and saves time of the consumers, furthers drive the growth of this segment.

The gel category dominated the hand sanitizer market in 2019, on the basis of product in the U.S. hand sanitizer market. This is because, as this type of sanitizers are mostly thin and liquid in formulation and therefore it can be spread easily and penetrate into the skin to kill majority of bacteria. Furthermore, launch of various flavors affecting the fragrance is boosting the growth of this segment in the U.S. hand sanitizer market.

Insight by End User

The hospitals division, under the end user segment, would hold the largest share in the U.S. hand sanitizer market in 2019. This is attributed to the strict sanitation and hygiene practices followed in hospitals and other healthcare centers.

Study Coverage

Details

Market Size Available for the Years in the Study

2015 – 2025

Historical Period

2015 – 2019

Base Year

2019

Forecast Period

2020 – 2025

Market Representation in the Study

Revenue (USD Million), CAGR from 2015 to 2019 (Historical), and 2020 to 2025 (Forecast)

Companies Covered in the Study

Henkel AG & Company, Procter & Gamble, GOJO Industries, Inc., Reckitt Benckiser Group plc, Best Sanitizers, Inc., Unilever, Vi-Jon Laboratories Inc., and Chattem Inc.

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Industry Dynamics

Growth Drivers

Increasing demand for health and wellness products as a result of sudden outbreak of COVID-19 pandemic along with ever-changing preferences of consumers towards usage of convenient hygiene products are the major factors boosting the growth of the U.S. hand sanitizer market. The growing effect of COVID-19 pandemic in the country is surging the demand for hand sanitizers rapidly. The eruption of global pandemic has exaggerated the need for hand sanitizers and has led significant profit enhancement for the service providers.

Challenges

However, the use of chemical ingredients in hand sanitizers thus lead to health hazards such as killing of good bacterial in the human body that is the crucial factor anticipated to hamper the growth of the U.S. hand sanitizer market.

Geographic Overview

Geographically, U.S. was the largest hand sanitizer market in 2019. Rapid inclination of the consumers in the U.S. towards spending significant amounts towards personal care products and rampant awareness for maintaining personal hygiene are the key factors strengthening the growth of the hand sanitizer market in the U.S. Market.

Competitive Insight

Some of the major players operating in the U.S. hand sanitizer market are Henkel AG & Company, Procter & Gamble, GOJO Industries, Inc., Reckitt Benckiser Group plc, Best Sanitizers, Inc., Unilever, Vi-Jon Laboratories Inc., and Chattem Inc.

Frequently Asked Questions

The U.S. hand sanitizer market is registering a CAGR of 15.7% during the forecast period (2020�2025).
The U.S. hand sanitizer market was valued USD 532.0 million in 2019.
Increasing demand for health and wellness products as a result of sudden outbreak of COVID-19 pandemic along with ever-changing preferences of consumers towards usage of convenient hygiene products are the major factors boosting the growth of the U.S. hand sanitizer market.
During the forecast period, the foam classification is projected to witness the fastest hand sanitizer market growth, on the basis of product.
The use of chemical ingredients in hand sanitizers thus lead to health hazards such as killing of good bacterial in the human body that is the crucial factor anticipated to hamper the growth of the U.S. hand sanitizer market.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle
U.S. Hand Sanitizer Market