Foot Care Products: A Global Strategic Business Report
San Jose, California (PRWEB) March 07, 2012
Follow us on LinkedIn – Footwear plays an important role in today’s fast paced, hectic life. People residing in different locations have unique styles of wearing foot-related products. Americans are known to wear shoes only for style, often neglecting comfort and thereby adding to foot problems. On the other hand, Europeans are seen to focus on both elements of style as well as comfort. Some of the common foot ailments include heel pain, nail problems, blisters, pain in the balls of the feet, and ingrown toenails. Fast changing lifestyles and fashions have increased skin exposure in the foot, therefore helping the foot care products in expanding their scope.
Consumer interest in the foot care products which cleanse, moisturize, exfoliate and provide cosmetic treatments is proving to be breeding grounds for path-breaking innovations and enhanced products. The immediate need of the hour centers around specialized foot care products such as overnight foot repair ointments, creams, cleansing lotions and sloughing scrubs. Two main drivers, the diabetic and the aging baby boomers are primarily driving the foot care market. Aging individuals are more prone to foot problems including calluses, corns and foot pain. The HMOs normally do not cover podiatry, thereby leaving the market open for the aging baby boomers, who generally engage in self-care for their foot problems. Thus, demand for superior-quality and highly advanced foot care for the individuals falling in the 50-plus age bracket is on the rise.
Product innovations have taken the foot care market to a new high, with drug stores ranking among the most profit-making retail outlets. In a trend, which bodes well for the mass-market retail stores, the foot care category emerged from a prescription-driven to a consumer-driven one, therefore placing the groundwork for new innovations in the category. The foot care Private Label category remained fairly immune to the recent economic turmoil and is currently accelerating at top gear within all segments, including specialty devices and treatments such as corn remover pads or gel inserts. Latest and sophisticated technologies are evolving in the category, and the foot care product innovation is propelling rapid growth in the private label segment. Moreover, suppliers prefer to stock more of private label products instead of the less-popular brands, further bolstering demand for private label brands. Atena and Premier are few of the popular private label foot care brands that reported continued growth in sales despite the financial downturn.
Asia-Pacific spurred by huge population base, rising number of diabetics and increase in disposable income captures a sizeable chunk of the global market, as stated by the new market research report on Foot Care Products. The region is also expected to gather steam over the years and race ahead at the overall fastest compounded annual growth rate (CAGR) of about 4.5% through 2017. The larger Medications segment is growing at a brisk pace compared to the devices market, spurred by the need for immediate foot care and a wider consumer base spanning across varying age and demographic profiles. The device segment users generally comprise older consumers who tend to stop purchases during tight financial conditions, thereby leading to an erratic growth trend.
Key players profiled in the report include Aetrex Worldwide, Inc., Alva-Amco Pharmacals, Inc., Chattem, Inc., Coty, Inc., Combe Incorporated, Dr Foot, Dreamyfeet Footcare Products, and Foot Express.
The research report titled “Foot Care Products: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive market overview, impact of recession, current trends, key growth drivers, recent industry activity, and profiles of major/niche global market participants. The report provides annual sales estimates and projections for the years 2009 through 2017 in value (US$) terms for geographic markets including, US, Europe, Asia-Pacific and Rest of World. Key product segments analyzed include Devices and Medications. The study also provides historic data for an insight into market evolution over the period 2003 through 2008.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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