Foot Care Products Market Application (Oil, Cream, Socks, Scrub, Bandages, Others): Global Opportunity Analysis and Industry Forecast, 2020-2027

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The human foot consists of 26 bones, 33 joints, muscles, tendons, and ligaments, making a natural balance system for the body. Foot care products are used to treat certain foot diseases and maintain hygiene. In recent times, several new foot care products have been introduced in the market and the foot care product manufacturing industries are experiencing significant growth.The foot diseases such as athlete’sfoot, hammertoes, blisters, corns and callus, nerve disorder, toenail fungus, plantar warts, plantar fasciitis, bacterial infections, diabetic foot disease, and others, are caused due to injury, wear and tear of the tissues, footwear and disease conditions resulting into a hindrance in daily physical activities. These conditions have created a demand for certain foot health products in the market and the industries have been focusing on conventional as well as natural products for foot care. In addition, the consumers have started paying more attention to the well being of their feet, thus the cosmetic products like foot cream, moisturizer, deodorizer, foot massage creams, foot scrub, hydration socks, and others have created growth for foot care products market.

Market scope and structure analysis :

                   Report Metric                                            Details
  Market size available for years   2020–2027
  Base year considered   2019
  Forecast period   2021–2027
  Forecast units   Value ($US)
  Segments covered   Application, End User, Distribution Channel, and Region
  Regions covered North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)
  Companies covered Johnson & Johnson, Glaxo SmithKline, Merk&Co. Inc., Del Laboratories, Alpha Amco Pharmaceutical Inc.,Blistex Inc., HoMedics, Revlon, Superfeet, Baby Foot, Aetrex Worldwide, Grace and Stella,

 

COVID-19 Scenario Analysis

Lockdown Scenario

As the corona outbreak has to lead to lockdown in various parts of the world, different industries and the consumer goods market have been highly affected. The foot care market dealing with the cosmetic and beauty products have faced loss in sales and revenue.

Production hampered

The production of certain foot care products has been hampered due to the shutdown of manufacturing units.

Supply chain disrupted

The distribution channel of foot care products like the retail and offline stores have been shut down for a certain time, though the e-commerce platform is a way for stabilizing the sales and revenue in some parts of the world, the late deliveries have led to a declining market.

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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The foot care product market has a huge market growth as the other sectors like healthcare and salon industries are also dependent on the foot care market for the procurement of essential foot care products. The increase in ailments like diabetic foot disease, footwear damage, increase in awareness, hygiene & appearance, comfort, fashion and trends, disposable income, celebrity endorsement, and social media presence of brands are raising key drivers for global foot care product market. However, increased competition, raw material prices, target segment, untapped market in some countries, the government regulations and standards for using and avoiding some of the ingredients in the therapeutic foot care products are most likely to hinder the market growth. Contrarily, investments in research and development and shift of focus on developing natural foot care products by the use of organic ingredients present new pathways in the industry.

The global foot care products market trends are as follows:

New product development thriving the market

Earlier the foot care product market was mainly dealing only with the therapeutic products, but as the trends have been evolving the consumers have also been inclined toward fashionable products. The therapeutic products are necessary for curing the foot ailments and the investment done by industries in R&D has led to innovation in many foot care medicines, anti-fungal and anti-bacterial creams, ointments, toe separator, bandage for foot pain & blisters, and others. As the fashion and trends are being highly followed, lately the use of high heel footwear and open sandals has become common, therefore the demand for foot beautifying products has increased. The foot care industries are providing numerous products like anti-cracking creams, moisturizers, gels, scrubs, hydrated socks, toenail print, cleansing lotions, foot file, foot care tools and devices, and others. The key players have widened the target market segment and the products are being introduced in the market according to the utilization of the products like the foot care products for men and infants are being launched in a different composition. This series of new dimensions to the foot care product will expand the market share in the coming years.

Supplies to other industries

Majorly, the pharmaceutical industries are manufacturing products like creams, gels, and others for curing of the diseases but some of the conditions like plantar fasciitis, arthritis, bunion, and others have created a demand for footwear providing comfort in these conditions. The foot care product market has the opportunity for bringing innovation and providing comfort to the consumers. Also, the salon industry has been procuring many foot care products mainly for pedicure services, which boosts the growth of the foot care product market.

Key Benefits of the Report:

  • This study presents the analytical depiction of the global foot care products industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global foot care products market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global foot care products market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global foot care products market analysis based on competitive intensity and how the competition will take shape in the coming years.

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