Stratview Research has recently published a report on Foot Care Products Market segmented by Trends, Dynamics and Market Analysis. The objective of the market experts at Stratview Research is to conduct a thorough analysis of the ‘Foot Care Products’ and put a detailed knowledge about the industry and business attractiveness, revenue, market size, segmentation, growth and restraining factors so that the user gets in depth information about the industry and the business from a past, current and a future perspective and can potentially invest capital for further growth.
Additionally, the report covers a variety of established and emerging start-ups and organisations operating in the industry. As a result, the report provides a comparative analysis by presenting the user with various aspects of the markets discussed in the report.
Covid-19 Analysis –
Nationwide lockdowns have impacted, and halted productions, supply of raw materials sourcing disruption has affected the balance in the supply of finished products. This report aims to cover all the aspects of how the pandemic has affected the business in the Foot Care Products market and how has the subsequent lockdowns inflamed the industry scenario and what are the areas that needs urgent action and re-planning.
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The report encompasses in-depth segmentations like regional segmentation, segmentation by product types, application-wise segmentation, geographical segmentation and thereby gives the user an overview of the effectiveness of the segmentation by various classes.
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.
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.
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.
Key Players in the Foot Care Products Market
The following are the key players in the Foot Care Products market.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).
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