Navigating the New Hand Hygiene Market
Consumer concern has continued to grow with panic buying and precautionary safety measures due to COVID-19. With these factors, it is predicted the demand for hand soap—and hand care, for that matter—will continue to escalate. According to market research firm Fact.MR, the global hand soap market is forecasted to grow by 6.7% from 2020-2030, with escalating demand closely observed in the first quarter [of 2020]. In the second quarter, demand was projected to follow an upward trend with increasing awareness about hand hygiene across regions. This demand is expected to slowly decline by the end of the third quarter, as the spread of the disease is anticipated to decline. Previously, in the third and fourth quarters of 2019, sales of hand soap grew at a nominal rate. However, medical and clinical applications have created substantial opportunities for hand soap makers for years to come.
Related Articles
Inolex Caprylhydroxamic Acid (CHA) Approved in Canada FAQ Document
Inolex Caprylhydroxamic Acid (CHA) has been approved for cosmetic use in Canada. Please view our FAQ document for more information surrounding CHA use in Canada.
Safer Products for Washington signal rising regulatory pressure for US beauty industry
In a recent article by Cosmetics Design, Cassandra Stern explains why the addition of several chemical-product combinations to Washington state's Department of Ecology final priority list, building on it's Toxic-Free Cosmetics Act, may signal rising regulatory pressure in US beauty care.
LexSolv Essential: The Science Behind Natural Solubilization
As brands move to natural ingredients and sustainable formulas, their formulators identified a new gap in their ingredient portfolio: natural solubilizers. Traditional solubilizers are effective but petrochemical-derived and ethoxylated, or naturally-derived, but not very effective.