Foot Care Products Market Report

Market Insights

The Global Foot Care Products Market is expected to grow from USD 2.9 billion in 2020 to USD 4.4 billion by 2026 at a CAGR of over 7.2% during the forecast period.

Figure: Global Foot Care Products Market Size, 2020-2026 (USD Billion)

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What are Foot Care Products?

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.

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), and
• Miracle of Aloe (The US).

Market Dynamics

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.

Segment Analysis

Product Trends

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.

Regional Trends

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.

COVID-19 Impact on Global Foot Care Products Market

The COVID-19 pandemic has negatively affected the global foot care product market in 2020. Furthermore, owing to the increasing supply-demand gap, the prices of these products are expected to rise in 2020 to overcome economic instability. Moreover, the disruption of the supply chain in shipping could result in a temporary shortage in supply, further resulting in a price increase of foot care products.

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Critical Questions Answered in the Report

• What are the key trends in the global foot care products market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global foot care products market?
• What are the key strategies adopted by the major vendors to lead in the global foot care products market?
• What is the market share of the top vendors?

Target Audience

Here is the list of the group of customers that the Foot care products market hopes to have the greatest opportunity to convert-

• Foot care product companies
• Foot care product vendors
• Cosmetic companies
• Natural personal care product companies
• R&D companies

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