Global Foot Care Products Market to Reach US$3.2 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.

Foot care products market over the years has maintained a consistent growth rate. However, in the recent years the market was dented by recession that caused a considerable decline in the demand for foot care products. Though over-the-counter foot care market is a little stagnant, there exist some external stimuli and movement, which may leave some positive effect on the market. The fast changing life styles and fashions have increased skin exposure in the foot, therefore helping the foot care products in expanding their scope. Moreover, consumers are desperately searching for overnight foot repair ointments, creams, cleansing lotions and sloughing scrub. Increasing number of diabetic patients and aging baby boomers are primarily driving the foot care market.

Asia-Pacific represents the largest regional market worldwide, as stated by the new market research report onFoot Care Products. Flaunting a compounded annual growth rate of more than 3.0% over the analysis period, Asia-Pacific market also represents the fastest growing regional market for Foot Care Products. Europe and the United States represent other major markets. Consumer interest in foot care products that cleanse, moisturize, exfoliate and offer cosmetic treatments for the feet have provoked many suppliers to provide beauty-related foot care products in the US. Moreover, a new trend is being witnessed among women for improving feet appearance due to the popularity of open-toe sandals and shoes. Medications constitutes the largest as well as fastest growing product segment in the global foot care products market. Devices represents other major product segment in the global foot care products market, with sales projected to reach US$1.3 billion by 2012.

Product innovation has taken the foot care market to a new high. In addition, trends in the physical and psychological category continue to help increase the sales of foot care products. More and more new products are being launched into the market to accommodate the growing stress or pressures that human feet undergo on a daily basis. The other trend that bodes well for the mass-market retail stores includes the emergence of foot care category from a prescription-driven to a consumer-driven one. In addition, self-concern and medication about the feet’s appearance is also developing an appropriate atmosphere for foot care market. However, decreased consumer confidence, increased rate of unemployment and preference for low-priced private label brands over branded products are few of the major impediments affecting growth in this market. Switching more people suffering from foot problems, into potential foot care customers is expected to provide a major boost to the category.

Major players profiled in the report include Aetrex Worldwide Inc., Alva-Amco Pharmacals Inc., Chattem Inc., Combe Incorporated, Del Laboratories Inc., Dr Foot, Dreamyfeet Footcare Products, Foot Express, Homedics Inc., Implus Footcare LLC, Johnson & Johnson, Merck & Co Inc., Miracle of Aloe, Novartis Consumer Health, Paris Presents Inc., PediFix Inc., ProFoot Inc., Revlon Inc., Spenco Medical Corporation, SSL International PLC, Tweezerman International LLC, W E Bassett Company Inc., and Xenna Corporation.

The research report titled “Foot Care Products: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the foot care products markets, impact of recession on the markets, current market trends, key growth drivers, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for Foot Care Products market for the years 2007 through 2015 for the following geographic markets - US, Europe, Asia-Pacific, and Rest of World. Key segments analyzed include Devices and Medications. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.

For more details about this comprehensive market research report, please visit –http://www.strategyr.com/Foot_Care_Products_Market_Report.asp