Of late, the number of people suffering from foot issues such as joint and nerve issues around the toes, diabetic foot ulcers, and arthritis has increased drastically. Notably, diabetes is considered one of the major causes of these foot infections. Foot care products are essential for maintaining a good foot health and prevent foot issues. An incessant rise in diabetic patients is expected to surge the demand for foot care products. Such a sharp rise in demand for foot care products is encouraging key players to come up with advanced and innovative products. Over the forecast period, a heavy influx of investments and ongoing R&D activities in the domain coupled with its elevated demand are expected to augur well for the foot care products market.
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Personal Hygiene and Self Care Programs to Create Strong Headways for Foot Care Products Market Expansion
The present scenario exhibits the greater inclination towards personal hygiene, underpinned by the significant impact caused by COVID 19 pandemic. Well-informed consumers are acknowledging the importance of skincare and self-care routines. This has fueled the demand for foot care services such as pedicures. As a result, the demand for foot care products such as foot creams, foot cleansing lotions, and scrubbing products has risen at a record pace. To meet the growing demand for personal hygiene and other self-care services, the manufacturers are engaging strategic partnerships and expanding their portfolios. These factors are setting the stage for robust expansion and notable developments across the global foot care products market.
Applications of Foot Care Products in Medical Sector to Prolong Market Growth
The growing applications of foot care products in medical applications is expected to unlock new revenue opportunities for the market. This is due to increased standards of living and greater knowledge of products’ benefits. Along with this, consumers are becoming increasingly aware of the benefits of organic products, creating a demand for products with natural active components. This is mainly due to the fact that consumers want to ensure the products are good for both the environment and themselves. Rising incidence of skin cancer such as melanoma and non-melanoma has triggered government to take relevant initiatives. Against this backdrop, the foot care products market is projected to experience exponential growth.
Rising Spending Power to Forge Asia Pacific as a Key Region in Foot Care Products Market
Surging urbanisation, huge customer base, and a growing willingness to spend on these products has made the Asia Pacific a leading region for the foot care products market. That said, the consumers’ interest in personal care products has significantly increased. Consumers are demonstrating great interest in various cosmetics and personal care products. Growing trend for organic cosmetics rather than synthetics is supporting the regional market growth. Furthermore, the compact and beautiful packaging has made these products travel-friendly. Such a scenario is expected to lead the foot care products market to sound maturity in the Asia Pacific.
Prominent Market Players
Some of the major foot care products market players include GlaxoSmithKline Plc, Alva-Amco Pharmacal, Del Laboratories, Aetna Foot Products, Johnson & Johnson, PediFix, Inc, Revlon, HoMedics, Blistex Inc, and Miracle of Aloe.
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