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Shoe Care Products Market CAGR of 4.6% and market value to reach USD 6.13 Billion by the end of 2024 | MRFR

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Pradeep Zende
Shoe Care Products Market CAGR of 4.6% and market value to reach USD 6.13 Billion by the end of 2024 | MRFR

Global Shoe Care Products Market Research Report: Information by Type (Brushes and Buffing Cloths, Polishing Creams, Waxes and Liquids, Colors and Dyes, Protection Sprays), Distribution Channel (Store-Based and Non-Store-Based) and Region (North America, Europe) Industry Forecast till 2024

The Global Shoe Care Products Market is projected to register a growth rate of 4.6% from 2019 to 2024 and reach a market value of USD 6.13 Billion by the end of 2024.

Increase in demand for formal shoes by working professionals all over the globe and rise in demand for leather shoes are the factors which are boosting the growth of shoe care products market.

Based on Distribution Channel, the global shoe care products market has been classified as supermarkets and hypermarkets, specialty stores, and others.

The supermarkets and hypermarkets segment are expected to account for the largest market share during the forecast period due to strong vendor networks, availability of different products, and discounts offered.

The non-store-based segment is expected to register the higher CAGR during the assessment period owing to technological advancements in the e-commerce industry and growing consumer preference for online purchase.

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Pradeep Zende
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