The new report by Expert Market Research titled, ‘Global Foot Care Products Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global foot care products market, assessing the market based on its segments like product, application, distribution channel, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2021): 3.13 Billion
• Forecast CAGR (2022-2027): 7.1%
• Forecast Market Size (2027): 4.29 Billion
There is a growing need for foot care solutions that help maintain greater style and hygiene. Rapidly changing lifestyles and altering design have increased the skin exposure of feet, necessitating the need for foot care solutions. Because of the growing popularity of open-toe sandals and shoes, foot care products have grown in popularity among women. Shoppers nowadays are looking for foot healing creams, washing lotions, creams, and sloughing scour. The increased awareness of health and cleanliness is also driving demand for foot care products. The availability of direct distribution channels has also been critical to the success of many market participants. Manufacturers may reach a bigger audience by selling their products on e-commerce platforms, which boosts the market growth of foot care products.
Industry Definition and Major Segments
Foot care goods are personal care items that assist people in taking preventative and corrective care of their ankle and foot. The usage of foot care products aids in the maintenance of nail health and the treatment of foot problems such as toe pain, heel pain, and finger discomfort. Foot care products come in a variety of forms, including foot creams, lotions, ointments, and washes.
The footcare products offered in the market are foot repair ointment, foot creams, foot cleansing lotions, slough scrub products and others. The applications of foot care products are sports and athletics, medical and personal comfort. The major distribution channels are drugstores and pharmacies, hospitals and specialty clinics, online stores and others.
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Increased internet penetration and understanding of e-commerce distribution channels have resulted in a considerable increase in the acceptance of locally made items, which is expected to provide profitable prospects for local producers. The increase in the number of people suffering from foot infections has increased the need for foot care products. Furthermore, the growing popularity of foot care services such as pedicure has increased demand for foot care products such as gel, cleansers, and lotions, assisting market expansion. The expansion of the foot care products market is being driven by a spike in demand from millennials, improvements in marketing techniques, and enhanced distribution methods.
Key Market Players
The major players in the market are Johnson and Johnson Services Inc., PediFix Inc., Blistex Inc, Aetna Foot Products, Revlon, others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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