Hydroalcoholic Gel Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Hydroalcoholic Gel Market is segmented By Type (15% Ethanol, 20% Ethanol), By Distribution Channel (Online Store, Departmental Store, Pharmacy Store, Hospital Pharmacy, Others), By Packaging Type (Flip-Flop Bottles, Pump Bottles, Dispensing Packets, Jars/Cans), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Hydroalcoholic Gel Market Size

The Global Hydroalcoholic Gel Market size was valued US$ YY billion in 2022 and is estimated to reach US$ YY billion by 2031, growing at a high CAGR during the forecast period (2024-2031).    

The hydroalcoholic gel usually consists of hydrogen peroxide, a high amount of ethanol, glycerin, and water. Its disinfecting properties have made it a popular product in healthcare and households. The composition of alcohol depends on the usage while it is made sure that it is suitable for dispenser output. It cleanses 99.9% of bacterial from hands. The rising prevalence of the COVID-19 pandemic has increased the sale of hydroalcoholic gel.

Hydroalcoholic Gel Market Scope

For More Insights - Request Free Sample

Hydroalcoholic Gel Market Dynamics

The global hydroalcoholic gel market growth is driven by the growing awareness about maintaining cleanliness and safety in the environment has boosted the sales of hydroalcoholic gels in the market. Government state bodies are running campaigns to install antiseptic gels at houses, commercial, and industrial places. This trend is anticipated to continue during the forecast period.  

The rising demand for hand sanitisers is expected to drive growth in the forecast period  

Increasing awareness towards hand hygiene is gaining prominence on account of being an important measure to restrict the occurrence of nosocomial infections. Therefore, hand hygiene forms the most important element of personal care, thereby driving the popularity of hand sanitisers. In addition, the government further promotes the usage of hand care products to increase awareness as well as avoid health issues among consumers. For instance, the WHO and FDA have taken initiatives to make people aware of hand hygiene and the risks associated with not maintaining the hygiene.

According to findings, there is a preference for using hand sanitiser by 77.0% of the population covered in a survey, while 23.0% claim not to use the product. The 77.0% population in the favor of using hand sanitiser is comprised of 37.5% male users and 62.5% of female users. Moreover, key manufacturers are adding to their product line to increase their market share with increasing awareness.

Moreover, the rising influence of social media and online advertisements has exposed people to the recent trends of personal care and hygiene which is also accelerating the usage of hand sanitisers among consumers. These advertisements also allow people to get exposed to information regarding cleansers and healthy lifestyles. These factors in turn drive the growth of the market in the forecast period.

Rising incidence of chronic diseases are projected, expected to drive the market growth

According to WHO, the number of people who die from chronic diseases and infections is high, the majority is the ageing population and changes in societal behaviour are contributing to a steady increase in these common and costly long-term health problems. This has led to an increase in the usage of hand sanitiser which in turn drives the growth of this market. The pandemics in the past decade have demonstrated the speed at which infections spread across the globe.

Ebola, SARS, MERS, and H1N1 - to name but a few - demand coordinated and agile healthcare responses. Emerging markets will be hardest hit, as population growth is anticipated to be most significant in developing nations. Increased demand on healthcare systems due to chronic disease has become a major concern. These factors are driving the growth of the market in the forecast period.

The usage of chemical ingredients is likely to hinder the market growth

On the contrary, the growth of the market can be hampered by the usage of chemical ingredients associated with the product causing allergies to some people. This factor is hampering the growth of the market in the forecast period.

COVID-19 Impact Analysis

Various healthcare professionals across the globe are recommending washing hands regularly with soap and water to prevent the spread of coronavirus. The instant hydroalcoholic gel is the perfect alternative to use when soap and water are not available to reduce the level of germs from the hands. In addition, the instant hydroalcoholic gel is formulated with ethanol or ethyl alcohol ingredient that kill 99.9% of bacteria within seconds. It also contains moisturizers to reduce skin dryness are some of the primary factors boosting the demand for hydroalcoholic gel across the globe. Currently, the demand for instant hydroalcoholic gel is considerably high due to the outbreak of coronavirus and the rise in consumer awareness regarding hand hygiene worldwide. Owing to these factors, it is expected to remain dominant through the course of the forecast period.

Hydroalcoholic Gel Market Segmentation

20% Ethanol, the segment is expected to grow at the fastest CAGR during the forecast period (2021-2028)   

To be able to kill most viruses, a hydroalcoholic gel must contain at least 20% Ethanol. Those containing less than 20% ethanol are not only less effective against viruses, but also bacteria and fungi. In short, they only reduce the growth of germs instead of killing them completely. Hydroalcoholic gel suppresses the growth of microorganisms when applied to the hands. It attacks and destroys the envelope protein present on the surface of certain viruses, including coronaviruses. This protein is vital for the survival and multiplication of these viruses.  The World Health Organization (WHO) has unveiled online the “ingredients” and the procedure to follow to design the hydroalcoholic gel that has been in demand so recently. These factors are driving the growth of the market in the forecast period.

The hospital pharmacy is expected to dominate the hydroalcoholic gel market during the forecast period  

The hospital pharmacy held the largest share in the hydroalcoholic gel market. This is mainly owing to rapidly growing positive cases and deaths due to the spread of covid-19 disease through contact with an infected person when they sneeze or cough and increasing demand for hand hygiene products are some of the most popular trends today. In addition, this growing coronavirus outbreak is more threatening to elderly people than children with some medical problems such as diabetes, breathing problems, kidney problems, and another chronic disease. Thus there is a larger burden on hospitals to maintain hygiene in their premisses therefore the demand for the hydroalcoholic gel is increasing from them.

Hydroalcoholic Gel Market Geographical Share

North America region holds the largest market share global hydroalcoholic gel market

North America dominated the market share owing to the high demand from hospitals. Along with this, improving health insurance plans has persuaded the patients to go for surgeries, which has boosted the demand for hydroalcoholic gels in healthcare facilities. A key factor to consider here is that people in the developed countries are highly aware of hand hygiene and considerably increase in positive cases of COVID-19 disease in the US and states in 2020.

Rise in a government initiative to create awareness among people, increasing production capacity of hydroalcoholic gel by providing licenses to the sugar industry, distilleries, and new manufacturers for production of hydroalcoholic gel to meet growing demand. Also, the growing distribution of hydroalcoholic gel in hospitals and health care facilities to fight against the Covid-19 pandemic is positively influencing the growth of the global hydroalcoholic gel market.  

Hydroalcoholic Gel Market Companies and Competitive Landscape

The hydroalcoholic gel market is moderately competitive with the presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Puressentiel, Huckert's International, and Vesismin Health among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the hydroalcoholic gel market globally.    

Unilever

Overview: Unilever Plc engages in the manufacture and sale of consumer goods. The company was founded in 1930 and is headquartered in London, the United Kingdom.

Product Portfolio: It operates through the following segments: Beauty and Personal Care, Foods and Refreshment, and Home Care. The Beauty and Personal Care segment offers skin cleansing, haircare, skincare, and deodorant categories. The Foods and Refreshment segment sells ice cream, savoury, dressings, and tea. The Home Care segment includes a fabric category and a wide range of cleaning products.