The Foot Creams And Lotions Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Foot Creams And Lotions Global Market Report 2024, The foot creams and lotions market size has grown strongly in recent years. It will grow from $3.14 billion in 2023 to $3.40 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to rising awareness of foot health and hygiene among consumers, increasing prevalence of foot-related ailments and conditions, growing demand for personal care products focused on specific body parts, increasing disposable income leading to higher spending on skincare products and rising popularity of at-home foot care treatments.
The foot creams and lotions market size is expected to see strong growth in the next few years. It will grow to $4.69 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to expanding product lines with natural and organic ingredients, increasing focus on anti-aging foot care products, growing adoption of foot creams and lotions in emerging markets, rising investments in marketing and promotional activities and advancements in product formulations and packaging innovations. Major trends in the forecast period include increasing demand for vegan and cruelty-free foot care products, growing preference for multi-functional foot creams and lotions, rising popularity of foot care products with medicinal benefits, expansion of e-commerce platforms boosting online sales of foot care products, and development of personalized foot care solutions using ai and data analytics.
The growing e-commerce platforms are expected to propel the growth of the foot creams and lotions market going forward. E-commerce is the buying and selling of goods and services over the internet, utilizing digital platforms for transactions and interactions. Increasing demand within e-commerce is driven by several factors, such as advancements in technology, widespread internet access, enhanced mobile device usage, and the convenience of online shopping. E-commerce has boosted foot cream and lotion sales by offering convenient access to a wide variety of products. This enhances consumer reach and provides a platform for easier comparisons and purchases. For instance, in May 2024, according to the Census Bureau of the Department of Commerce, a US-based government department, in the first quarter of 2024, U.S. retail e-commerce sales, reached $289.2 billion, marking a 2.1% increase (±0.7%) from the fourth quarter of 2023. Therefore, growing e-commerce platforms are driving the growth of the foot creams and lotions market.
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The foot creams and lotions market covered in this report is segmented –
1) By Product Type: Cream, Lotion, Oils, Scrub, Gel, Balm, Other Product Types
2) By Type: Moisturizing, Exfoliating, Anti-fungal, Medicated, Repairing, Smoothening, Other Types
3) By Ingredient Type: Natural Or Herbal, Synthetic, Organic
4) By Distribution Channel: Super markets Or Hyper markets, Specialty Stores, Convenience Stores, Online Stores, Other Distribution Channels
5) By End User: Men, Women, Unisex, Babies And Kids
Major companies operating in the foot creams and lotions market are focusing on developing advanced products with plant-based ingredients to gain a competitive advantage. Plant-based ingredients refer to substances derived from plants, such as fruits, vegetables, grains, nuts, seeds, and herbs, used in various applications, including food, cosmetics, and pharmaceuticals. For instance, in June 2022, Advantice Health LLC, a US-based company manufacturing skin care products, announced the launch of a new Athlete’s Foot product line under the Kerasal brand. This new product line includes natural tea tree oil, aloe, ceramides, and vitamin E, which not only treat athlete’s foot but also improve skin appearance and support a healthy foot care routine. These ingredients are aimed at preventing the recurrence of an athlete’s foot and promoting overall foot health and wellness.
The foot creams and lotions market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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