Foot Care Products Market Projected to Witness a Double-Digit CAGR During 2022-2026
February 15, 2022
Feb 15, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Foot Care Products Market.
It was estimated prior to this unanticipated outbreak that the Foot Care Products Market was expected to grow at a CAGR of 7.2% during the forecast period. Feet suffered from blisters to ingrown toenails to arthritis, injured feet are a public health concern. The American Academy of Orthopaedic Surgeons (AAOS) reports that around 43.1 million residents in the US suffer from foot problems which nearly equals 1 in every 6 people. Foot care products include all products in the remedial and preventive care of foot and ankle. Every person walks around 115,000 miles during his/her average lifetime, and about 30% of the people face foot problems at some point in their lives.
For a more detailed breakdown of the COVID-19 impact on the Foot Care Products Market, request a free sample of the report here:
https://www.stratviewresearch.com/Request-Sample/1583/foot-care-products-market.html#form
An increase in the number of individuals suffering from foot infections has further escalated the demand for foot care products.
- Foot care products are critical for sustaining proper foot health.
- The rising penetration of the internet and growing awareness for e-commerce distribution channels have substantially increased the adoption of locally manufactured goods, which is expected to offer immense opportunities to the industry players.
- Moreover, a rise in the demand from millennials, better distribution channels, and improvement in marketing strategies further augment the market growth.
- However, price sensitivity is likely to hinder product consumption.
Click here for ToC of the report:
https://www.stratviewresearch.com/toc/1583/foot-care-products-market.html
Based on products, the global foot care products market has been categorized into foot repair ointment, foot creams, foot cleansing lotions, slough scrub products, others.
- Among these, the foot creams segment witnessed the largest market share in 2020.
- Cosmetic and personal care products are gaining popularity among target consumers, due to convenient packaging design.
- Furthermore, due to their creamy texture, these creams help to keep the feet hydrated, preventing dry skin, thus bolstering the segment growth.
By region, the Asia Pacific market held the largest market share in 2020 and is estimated to register a robust CAGR during the forecast period.
- This is majorly attributed to an increase in purchasing power, rapid urbanization, preference for different personal care & cosmetic products, and the presence of a wide consumer base.
- Also, the consumers are shifting towards organic and natural ingredients instead of chemical-based, thus offering lucrative opportunities to the market participants.
Key Players:
Key players operating in the global foot care products market are-
- Johnson & Johnson (The US),
- Del Laboratories (The US),
- HoMedics (The US),
- PediFix, Inc (The US),
- Alva-Amco Pharmacal, Inc, (The US),
- Revlon (The US),
- Aetna Foot Products (The US),
- Blistex Inc (The US),
- Glaxosmithkline Plc (UK),
- Miracle of Aloe (The US).
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Foot Care Products analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Know more about Stratview Research:
Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our team makes sure to have deep research about the topics so that the most useful insights can be delivered to the professionals.
Need a detailed report? Get in touch with us:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176