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The global foot care products market has been witnessing a surge in awareness and demand, driven by an increasing emphasis on self-care programs and the rising popularity of wellness and foot care products. With a growing number of health issues related to foot health, including toenail, joint, and nerve issues, skin conditions, injuries, arthritis, and diabetic foot ulcers, consumers are turning to foot care products to maintain a healthy skincare routine.
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The market's expansion can also be attributed to the ongoing COVID-19 pandemic, which has elevated the necessity of handwashing and maintaining a hygienic routine. Key companies in the foot care products market have responded by augmenting their manufacturing capabilities and product portfolios to include sanitizing items, catering to the increased demand for such products. One of the major drivers behind the escalating use of foot care products is the alarming rise in diabetes cases worldwide. In 2021, approximately 537 million people aged 20 to 79 were affected by diabetes, with the global diabetic population estimated to reach 643 million by 2030 and 783 million by 2045. This continual increase in diabetic patients is expected to fuel the demand for foot care products in the coming years.
The medical sector dominates the global foot care products market, primarily due to the higher prevalence of chronic feet and skin conditions. With rising living standards and advanced knowledge of the benefits of foot care products, the medical category has witnessed substantial growth. Additionally, an increase in the frequency of skin cancers, such as melanoma and non-melanoma, has driven the demand for foot care products. Consumers are increasingly seeking natural-based active component products that are beneficial for their health and the environment, leading to various companies producing such products to meet customer demand.
Asia Pacific stands as the most significant market, driven by the region's growing spending power, urbanization, diverse client base, and preference for various cosmetics and personal care goods. China, in particular, accounts for more than one-third of the market, with a burgeoning foot and skincare market. The United States also shows rapid growth, attributed to increased consumer spending on health and personal care items, resulting in significant profits from foot care products. Several key players are making strategic moves in the market. For instance, Johnson & Johnson's Medical Devices Companies acquired CrossRoads Extremity Systems, a foot and ankle company providing procedure-specific, sterile-packed implants and instrumentation systems cleared for lower extremity indications. Kobayashi Healthcare International Inc. also acquired Alva-Amco Pharmacal Companies, Inc., expanding their healthcare business in North America.
The leading players in the foot care products market include Johnson & Johnson, Del Laboratories, HoMedics, PediFix, Inc, Alva-Amco Pharmacal, Inc, Revlon, Aetna Foot Products, Blistex Inc, GlaxoSmithKline Plc, and Miracle of Aloe.
The global foot care products market is on an upward trajectory, driven by increased awareness, a growing diabetic population, and the rising popularity of self-care programs. With advancements in manufacturing capabilities and a shift toward e-commerce platforms as preferred distribution channels, consumers have access to a wide range of foot care products that cater to their specific needs.
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