Foot Health Products Market – Global Industry Dynamics 2019-20, Trends and Forecast, 2021–2028

Foot health products are designed to prevent injuries effectively such as Achilles tendonitis, shin splints and knee pain, etc. Moreover, foot health products help to control excess pronation, offer superb levels of shock absorption, and reduce excess pressure on the feet. Foot health products are suitable for any footwear with any age group. Foot health products protect feet and maintain a correct foot position. In addition, it helps to keep feet cool, as it absorbs all sweat and moisture from feet. Furthermore, foot health provide extra cushioning, comfort, and improve foot posture. These factors are expected to increase the market attractiveness of foot health products during the forecast period.

Driving and Restraining Factors

  • Aging population and increase in the number of diabetic patients are the major factors driving the global foot health products market

  • Changing lifestyle and fashion has increased exposure of feet, thus leading to growing demand for foot health products

  • Increasing foot health issues such as fungal infection, blisters, bunions, corns and calluses, hammertoes, ingrown nails, neuromas, toenail fungus, and warts are expected to fuel the demand of foot health products globally during the forecast period

  • Increasing participation in recreational activities and sports increases the risk of foot injuries. As a result of this, the demand for foot health products has risen.

  • Improving health consciousness has benefitted the global foot health products market

Opportunity

  • Rapid innovation in foot health is expected to accelerate the global foot health products market. Manufacturers use breathable and durable fabric, which makes foot health products stylish and stretch-free. This is expected to create huge opportunities for the foot health products market.

Market Segmentation

  • The global foot health products market can be segmented based on product, material, end user, distribution channel, and region

  • In terms of product, the foot health products market can be divided into insoles, heel cups, arch pads, foot cushion, and others

  • Based on material, the foot health products market can be segregated into rubber, leather, silicon, synthetic, cotton, and others

  • In terms of end user, the market can be classified into men, women, and kinds

  • Based on distribution channel, the foot health products market can be bifurcated into online and offline. The online distribution channel is divided into company-owned website and e-Commerce retailers. The offline distribution channel is further segmented into hypermarkets/supermarkets, specialty stores, multi brand retailers, and others.

  • In terms of region, the global market can be divided into North America (U.S., Canada, and Rest of North America), Europe (U.K., Germany, France, Italy, and Rest of Europe), Asia Pacific (Japan, India, China, and Rest of Asia Pacific), Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa), and South America (Brazil and Rest of South America)

  • Asia Pacific is expected to dominate in the global foot health products market. This can be attributed to the rising demand for innovative foot health products such as insoles, heel cups, arch pads, foot cushion, and others in emerging countries such as China and India. North America and Europe account for major shares of the global market. Consumers are inclined toward the foot healthcare products that provide shape, support, absorb pressure, friction and shock, reduce pain, and help prevent calluses. This has propelled several suppliers to provide new and innovative beauty-related foot health products.

Competition Landscape

  • Key players operating in the global foot health products market include CURREX GmbH, PediFix Inc., Implus LLC, Superfeet Worldwide, Inc., Aetrex Worldwide, Inc., BioSkin, waproo pty ltd, Naot, Happy Feet Plus., FINN COMFORT, and Vive Health, among others

  • These market players are focused toward adoption of business strategies such as mergers & acquisitions and geographical expansion. Furthermore, market players are more focused on product development and enhancement to have a competitive advantage over others.

Segments

  • By Product:

    • Insoles

    • Heel Cups

    • Arch Pads

    • Foot Cushion

  • By Material:

    • Rubber

    • Leather

    • Silicon

    • Synthetic

    • Cotton

    • Others

  • By End User:

    • Men

    • Women

    • Kids

  • By Distribution Channel:

    • Online

      • Company’s Own Website

      • E-commerce Retailers

    • Offline

      • Hypermarket/ Supermarket

      • Specialty Store

      • Multi Brand Retailer

      • Others

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