Latin America Hand Sanitizer Market - Global Revenue Growth Expectations in the Near Future
The Latin America hand sanitizer market is estimated to reach US$ 709.5 Mn in 2022 and is set to be valued at US$ 1,617.3 Mn by 2032. The market is likely to exhibit steady growth at a CAGR of 8.6% from 2022 to 2032.
Aloe vera-based natural hand sanitizers are becoming increasingly popular among consumers. These hand sanitizers are simple to make and manufacture as the essential components are widely available in the market and surrounding areas.
Information Source:
https://www.futuremarketinsigh....ts.com/reports/latin
Furthermore, hand sanitizers containing plant-based ethanol components are thought to be safer than synthetic solutions, as they are devoid of hazardous chemicals. Synthetic hand sanitizer can cause rashes and allergies, and their chronic usage can lead to serious health problems. As a result, natural hand sanitizer is becoming increasingly popular in Latin America, says FMI.
In the next decade, companies in the Latin America hand sanitizer market are projected to benefit from increased demand for new and innovative products infused with natural components. Key manufacturers in the region are continuously involved in considerable research and development activities to offer safer products at discounted rates.
Key Takeaways from the Latin America Hand Sanitizer Market Study
• Brazil accounts for a share of about ~37.7% in the Latin America hand sanitizer market and is set to exhibit growth at a CAGR of 6.0% during the estimated tenure.
• Mexico holds a share of 21.5% in the Latin America hand sanitizer market and is projected to witness growth at a CAGR of 8.4% during the evaluation period.
• Columbia is estimated to generate a share of 7.2% in the Latin America hand sanitizer market and is likely to show a CAGR of 10.5% during the assessment period.
• By product type, the instant hand sanitizer gels segment holds a considerable share of 75.5% in the Latin America hand sanitizer market.
• Based on end use, the institutional segment holds a significant share of 80.4% in the Latin America hand sanitizer market.
Information Source:
https://www.futuremarketinsigh....ts.com/reports/latin
