The global Foot Creams and Lotions Market is estimated to be valued at US$ 3.51 Bn in 2023 and is expected to exhibit a CAGR of 9.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Foot creams and lotions are used to treat dry skin, cracked heels, calluses, and foot odor. They help moisturize the skin, prevent dryness, and soften thickened skin. The creams and lotions restore the lost moisture to provide relief from dry, rough and cracked feet. They contain ingredients like aloe vera, vitamin E, shea butter, etc. which soothe the skin.
Market key trends:
Aloe vera based foot creams and lotions have seen increased demand over the past years owing to its healing properties. Aloe vera contains over 200 active compounds including vitamins, enzymes, minerals, sugars, anthraquinones, lignin, saponins, salicylic acid and amino acids that are beneficial for the skin. It has anti-inflammatory, anti-bacterial and anti-fungal properties. Aloe vera moisturizes the skin, speeds up wound healing, soothes irritation and prevents dryness. Its use in foot creams helps repair skin damage and softens dry heels, providing relief from itching and flaking of skin.
Segment Analysis
The foot creams and lotions market is segmented by product type, application, distribution channel, and region. Based on product type, the anti-fungal foot creams and lotions segment dominated the market in 2022 due to high prevalence of fungal infections in feet. Based on application, the foot care segment accounted for the largest share in 2022 due to growing demand for hydrating and protecting the skin on feet. Based on distribution channel, offline channels held the major share in 2022. However, online channels are expected to witness the highest growth over the forecast period.
Key Takeaways
The global Foot Creams And Lotions Market Size is expected to grow at a CAGR of 9.6% over the forecast period, reaching a value of US$ 5.49 Bn by 2030 due to increasing awareness regarding foot care.
Regional Analysis
North America dominated the global foot creams and lotions market in 2022 with a share of around 35%, followed by Europe and Asia Pacific. North America is expected to continue its dominance over the forecast period driven by increasing consumer preference for natural and organic foot care products in the region.
Key Players
Key players operating in the foot creams and lotions market are Johnson & Johnson, Bayer AG, GlaxoSmithKline Plc, Baby Foot, Sanofi S.A., Grace & Stella Co., PediFix Inc., Alba Botanica, Tony Moly Co. Ltd., Aveeno, Bio-Oil, Dr Tealâ€TMs, Bath & Body Works, The Body Shop, Nivea, O'keeffe's, L'Occitane, La Roche-Posay, CeraVe, and Eucerin.
Read More: https://www.ukwebwire.com/foot-creams-and-lotions-market-size-share-and-growth-forecast/
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