Market revenue in 2023 | USD 65.3 million |
Market revenue in 2030 | USD 91.1 million |
Growth rate | 4.9% (CAGR from 2023 to 2030) |
Largest segment | Gel |
Fastest growing segment | Foam |
Historical data | 2017 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Gel, Foam, Liquid |
Key market players worldwide | Reckitt Benckiser Group PLC, The Himalaya Drug Company, Procter & Gamble Co, GOJO Industries, Henkel AG & Co KGaA, Unilever PLC, Sanofi SA, Vi-Jon, Best Sanitizers, Inc. |
Gel was the largest segment with a revenue share of 44.41% in 2023. Horizon Databook has segmented the South Africa hand sanitizer market based on gel, foam, liquid covering the revenue growth of each sub-segment from 2017 to 2030.
Increase in Ebola and HIV cases has contributed to the expansion of the country’s healthcare sector. This has driven the demand for hand sanitizers among healthcare workers and patients. Product demand also witnessed tremendous growth owing to the coronavirus outbreak. Local manufacturers and raw material suppliers sped up production in order to meet the increased demand.
For instance, Sasol Ltd., an energy and chemical company in South Africa, started producing a new blend of alcohol-based chemicals for disinfectants and hand sanitizers. The move was aimed at ensuring a sufficient supply of hand sanitizers for those working on the front lines of the pandemic.
Product launches like Holts South Africa's specially formulated liquid hand sanitizer in 2020 are driving the increased demand for hand sanitizers in the region. Holts Liquid Hand Sanitizer is effective against microbes and viruses and stands out due to its water-based formula and the inclusion of FDA-approved Benzalkonium Chloride (BKC).
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