Foot Care Products Market Report
The report on the Global Foot Care Products Market is segmented By Product (Foot Repair Ointment, Foot Creams, Foot Cleansing Lotions, Slough Scrub Products, Others), By Application (Sports & Athletics, Medical, Personal Comfort), By Distribution Channel (Drug Stores & Pharmacies, Hospitals & Specialty Clinics, Online Stores, Others), and Region.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global foot care products market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The report on the Global Foot Care Products Market is segmented By Product (Foot Repair Ointment, Foot Creams, Foot Cleansing Lotions, Slough Scrub Products, Others), By Application (Sports & Athletics, Medical, Personal Comfort), By Distribution Channel ...
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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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 operating in the global foot care products market are-
An increase in the number of individuals suffering from foot infections has further escalated the demand for foot care products.
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.
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.
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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Here is the list of the group of customers that the Foot care products market hopes to have the greatest opportunity to convert-
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The foot care products market size is expected to reach USD 4.4 billion in the foreseeable future.
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) are among the key players in the foot care products market.
The foot care products market is expected to growth at 7.2% CAGR in the coming years.
An increase in the number of individuals suffering from foot infections, the rising penetration of the internet and growing awareness for e-commerce distribution channels, a rise in the demand from millennials, better distribution channels, and improvement in marketing strategies are the factors driving the growth of foot care products market.
Asia Pacific market held the largest market share in 2020 and is estimated to register a robust CAGR during the forecast period.
The foot creams segment witnessed the largest market share in 2020.
Foot care product companies, Foot care product vendors, Cosmetic companies, Natural personal care product companies, R&D companies are the target audience in the foot care products market.