Foot Care Products Market

Increased Marketing Activity and Distribution Channel Improvement will drive the Market’s growth

One of the few health issues with untapped awareness levels includes foot health. Foot health issues such as those with toenails, joint and nerve issues around the toes, skin conditions of the feet, injuring the foot, arthritis, and diabetic foot ulcers have been garnering attention over the recent past. The global foot care products market is thus expanding with an increase in the popularity of self-care programs, and surging demand for wellness and foot care products. Foot care products market will rise due to increased product demand due to excellent knowledge about maintaining a skincare routine and self-care programs. Key companies in foot care products market are augmenting their manufacturing capabilities and product portfolios by offering sanitizing items to consumers. The increased necessity of handwashing and the requirement for a hygienic routine due to the COVID-19 epidemic have also contributed to the rise of market.

The number of people suffering from foot infections has increased dramatically due to various factors, including diabetes. Diabetes will affect approximately 537 million persons aged 20 to 79 in 2021. The global diabetic population is estimated to reach 643 million by 2030 and 783 million by 2045. The continual increase in the number of diabetic patients will propel the use of foot care products in the coming years. The growing popularity of foot care services such as pedicure has increased demand for foot care products such as gel, cleansers, and lotions, assisting market expansion. E-commerce expansion and rise as a preferred distribution channel will be a major booster to foot care products market. As of 2021, the number of digital buyers stands at 2.14 billion. That equates to 27.6 percent of the world's 7.74 billion people, with e-commerce accounting for roughly 20 percent of global retail sales. Market consumers are using online retail platforms to purchase skincare and cosmetic products. Customers are drawn to online e-commerce platforms by the availability of customer feedback, and high levels of involvement.

Medical Sector Dominates Foot Care Products Market due to Higher Prevalence of Chronic Feet, and Skin Conditions

The medical category will account for most of the global foot care products market in the forecast period. The increased use of foot care products in medical applications has supported the segment's growth, owing to rising living standards and advanced knowledge of the goods' benefits. An increase in the frequency of skin cancers such as melanoma and non-melanoma, as well as active government activities to combat skin cancer, are expected to drive demand for foot care products. Medical foot care products are primarily driven by the market's demand for natural-based active component products, which are currently trendy. Consumers want medical foot care products that are good for their health and the environment. The buyers are kept up to date on trends. Thus, numerous companies end up producing such things to satisfy customers.

Ascending Consumer Spending on Foot Care and Skincare Products Drives Market in Asia Pacific

In the forecast period, Asia Pacific will be the most important market, accounting for the largest share. This is due to a growth in the spending power of the Asia-Pacific population, an increase in urbanization, a diverse client base, and a taste for various cosmetics and personal care goods. Consumers in this region are more interested in skincare-related products. People are increasingly demanding natural and organic cosmetics rather than synthetics. As such products are easy to carry, the surge in preference for beautiful and compact packaging for travel has contributed to the expansion of the foot care products market.

China accounts for more than one-third of the market. After the United States, China has the world's second-largest foot and skincare market. In 2019, the typical Chinese consumer spent 39 yuan on foot and skincare products. Consumers in first-tier cities spent an average of 183 yuan per capita, which was more than four times higher than the national average. With the growing usage of foot and skincare products in China, the regional market will flourish in the coming years.

North America is predicted to expand quicker for the global foot care products market due to rising population spending on health and personal care items, which results in large profits from such products. Consumer interest in beauty-related foot care products that wash, exfoliate, moisturize, and give aesthetic therapy has prompted numerous providers to develop new and creative beauty-related foot care products. Medication and devices account for a large portion of the industry in the United States and are the fastest-growing categories of the foot care product market. Many pharmacists, and drug stores in nations like Canada, and Mexico contribute significantly to market growth in the region. According to data from the National Association of Pharmacy Regulatory Authorities, there were 45,651 Pharmacists in Canada as of January 2020.

Global Foot Care Products Market: Competitive Landscape

Market participants launch new goods and forge collaborations, alliances, and partnership agreements. In February 2022, DePuy Synthes acquired CrossRoads Extremity Systems, a Tennessee-based foot and ankle company that provides a broad range of procedure-specific, sterile-packed implants, and instrumentation systems cleared for lower extremity indications, according to Johnson & Johnson Medical Devices Companies. In October 2020, Kobayashi Healthcare International Inc. acquired Niles, Illinois-based Alva-Amco Pharmacal Companies, Inc (Alva). This crucial strategic purchase further expands Kobayashi's healthcare business in North America. Alva's core products include antifungal foot care, diuretics, anti-nausea medications, and medicated skincare.

The leading foot care products market players include Johnson & Johnson, Del Laboratories, HoMedics, PediFix, Inc, Alva-Amco Pharmacal, Inc, Revlon, Aetna Foot Products, and Blistex Inc, GlaxoSmithKline Plc, and Miracle of Aloe.

Global Foot Care Products Market is Segmented as Below:

By Application

• Sports & athletics
• Medical
• Personal comfort

By Distribution Channel

• Drug stores & pharmacies
• Hospitals & specialty clinics
• Online stores
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Rest of Europe
• Asia Pacific
  • Japan
  • South Korea
  • India
  • China
  • Rest of Asia Pacific
• LAMEA
  • Latin America
  • Middle East
  • Africa

Key Elements Included In The Study: Global Foot Care Products Market

• Foot Care Products Market by Product/Technology/Grade, Application/End-user, and Region
• Executive Summary (Opportunity Analysis and Key Trends)
• Historical Market Size and Estimates, Value, 2019 - 2022
• Market Value at Regional and Country Level, 2023 - 2030
• Market Dynamics and Economic Overview
• Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
• Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
• Regional and Product/Grade/Application/End-user Price Trends Analysis
• Value Chain and Five Force’s Analysis
• Regional/Sub-region/Country Market Size and Trend Analysis
• Company Market Share Analysis and Key Player Profiles

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Disclaimer:

• The segmentation/company profiles/countries depicted above may vary in the actual report.