The global foot care products market was assessed to be $2.72 billion in 2020 and is foreseen to reach $4.09 billion by 2025, with a CAGR of 7.10% during the outlook period of 2020 to 2025.
Foot care products are used in preventive and restorative care of the ankle and foot. They help heal foot problems such as pain in heel, toe, toe and nail health. Manufacturers are focusing on advanced product packaging to increase the usability of foot care products. To meet the changing needs of customers, companies are focusing on R&D activities to introduce a new product line to the foot care product market. These companies are investing even more in packaging and marketing activities to gain maximum visibility with consumers.
Foot care products include all items related to preventive and restorative ankle and foot care. Each human being travels approximately 115,000 miles in their average life, and 30% of people experience foot problems at some point in their lives. Problems can be due to poorly fitting shoes, injury, general wear and tear, or complications from the disease. Foot care products are essential for preventing complications and maintaining good foot health. Patients with circulatory disease or diabetes mellitus are 20 times more likely to have foot problems. Problems with the feet include planty warts, nerve disorders, foot pain, fungal infections, inflammation of the joints, torn ligaments, tissue damage, broken bones, and bacterial infections.
Strong global concerns about the coronavirus pandemic have had a negative influence on the global foot care products industry. In addition, due to the widening gap between supply and demand, prices for foot care products are expected to increase in 2020 to overcome economic instability. Additionally, disruption of the supply chain during shipping could lead to temporary supply shortages, leading to higher prices for foot care products.
Market Growth and Trends:
More and more people adopt pedicures. Many tools, devices, gels, creams and drugs for the care of the feet are used by pedicure centers, podiatry professionals and diagnostic centers.The main market players aim to distribute their products directly through authorized points of sale and online portals. These players are focused on promoting their unique product offerings and delivering them through the direct sales channel. Adoption of direct distribution strategies is expected to provide strong revenue growth in the Foot Care Products market during the outlook period.
Market Drivers and Restraints:
Increased Internet penetration and augmented awareness of e-commerce distribution channels have dramatically increased the adoption of locally produced products, which is supposed to offer lucrative opportunities for local manufacturers. The increase in the number of people suffering from foot infections has further boosted the market demand for foot care products. Additionally, growing demand from millennials, improved marketing strategies, and expanded distribution channels are driving the growth of the global foot care products market. The impact of these factors is expected to increase dramatically due to increased investments by small and medium-sized food manufacturing companies. However, price sensitivity is a factor that is estimated to slow market growth. The cosmetics industry has been hit hard by counterfeiting activity due to the purchase of products by a large consumer base through online sales channels. Besides, the lack of brand loyalty among consumers who purchase cosmetic products is responsible for a decrease in the penetration of cosmetic products. Companies active in the foot care market face challenges in distributing fake products and reducing sales. This increase in the counterfeit business due to a lack of effective supply chain management is expected to hamper revenue growth of the global foot care products market.
Market segmentation:
The global footcare products market is segmented based on the product, application, distribution channel, and region.
Regional Analysis:
By regions, the global foot care products market is analyzed in North America (the United States, Canada and Mexico), in Europe (Germany, France, United Kingdom, Spain, Italy and Rest of Europe), in Asia-Pacific (China, Japan, India, Australia, Korea of the South and the rest of Asia-Pacific) and LAMEA (Latin America, the Middle East, and Africa).
North America and Europe represent significant shares of the worldwide market. Consumer curiosity for foot care products that cleanse, exfoliate, moisturize, and provide cosmetic care has led many suppliers to create new and innovative beauty-related foot care products. In the United States, drugs and devices make up a significant part of the market and are the fastest-growing market segments in the foot care market.
Key market players:
The major players described in this report for foot care products market are Johnson & Johnson, Del Laboratories, HoMedics, PediFix, Inc., Alva-Amco Pharmacal, Inc., Revlon, Aetna Foot Products, Blistex Inc., Glaxosmithkline Plc, and Miracle of Aloe.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Foot Care Products Market, By Product
6.1.1 Foot Repair Ointments
6.1.2 Foot Creams
6.1.3 Foot Cleansing Lotions
6.1.4 Slough Scrub Products
6.1.5 Market Size Estimations & Forecasts (2019-2024)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Foot Care Products Market, By Application
6.2.1 Sports & Athletics
6.2.2 Medical
6.2.3 Personal Comfort
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Foot Care Products Market, By Distribution Channel
6.3.1 Drug Stores & Pharmacies
6.3.2 Hospitals & Clinics
6.3.3 Online Stores
6.3.4 Market Size Estimations & Forecasts (2019-2024)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Product
7.2.3 By Application
7.2.4 By Distribution Channel
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Product
7.3.3 By Application
7.3.4 By Distribution Channel
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Product
7.4.3 By Application
7.4.4 By Distribution Channel
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Product
7.5.3 By Application
7.5.4 By Distribution Channel
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Product
7.6.3 By Application
7.6.4 By Distribution Channel
8. Key Player Analysis
8.1 Johnson & Johnson
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Del Laboratories
8.3 HoMedics
8.4 PediFix, Inc
8.5 Alva-Amco Pharmacal, Inc
8.6 Revlon
8.7 Aetna Foot Products
8.8 Blistex Inc
8.9 Glaxosmithkline Plc
8.10 Miracle of Aloe
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
