FEB 11, 2020: The global Shoe Deodorizer market size is expected to reach USD 153.2 million by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 6.0% over the forecast period. Factors such as increased inclination toward foot health and shoe hygiene as well as growth of the footwear industry drive the demand for deodorizers.
The growing popularity of fitness activities has resulted in an increased demand for sports shoes. This subsequently drives the demand for deodorizers to get rid of odor. Even sports footwear with mesh panels for increased ventilation is not entirely immune to the accumulation of sweat. Moreover, the bacteria can cause infections if precautionary measures are not taken. Gym and fitness enthusiasts engage in prolonged workout sessions and physical activities. The sweat generated causes bacterial growth and odor in footwear, thereby increasing consumer inclination for shoe deodorizers.
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According to the International Health, Racquet & Sportsclub Association, the health and fitness industry witnessed a growth rate of 3%-4% per year from 2008 to 2018 in U.S. In addition, rising instances of skin allergies in the foot area caused by the accumulation of sweat and dirt in footwear increases consumer inclination toward shoe care products. This scenario is likely to drive the product demand. Moreover, diabetics are required to pay special attention to foot care in order to avoid foot ulcers caused by germ-infected footwear. This has resulted in increased spending on products such as shoe deodorizers, fresheners, and cleaners.
Sprays accounted for the largest share of 45.7% in 2018. Spray products not only mask odor but also help eliminate the bacteria that causes the odor. They are also more convenient and easier to use when compared to their counterparts. New product developments in the category is widening the visibility of these products. For instance, salacious, a company launched in 2016, offers a range of premium shoe deodorizer sprays, available in multiple fragrances including Midnight Cherry, Citrus Chill, and Tropicali.
Online channel distribution is expected to register the highest CAGR over the forecast period owing to the rising penetration of digital media and marketing. The increasing number of internet users, particularly in developing economies such as China, India, and Brazil, drives the online market for deodorizers. Moreover, popular online retailers like Amazon, Walmart, Flipkart, and Myntra offer a range of shoe care products, further driving the product demand. North America dominated the global market in 2018 owing to the booming fitness industry in the region. The increasing focus on fitness subsequently drives the sales of sports footwear, thereby resulting in high product demand.
Further key findings from the report suggest:
- The powder segment is projected to register a significant CAGR of 6.3% over the forecast period owing to its effectiveness in absorbing moisture
- The offline distribution channel dominated the global market with an overall revenue share of 81.0% in 2018 with a rising number of specialty stores offering a range of shoe care products
- North America dominated the global market in 2018 with a share of 35.2%. This trend is projected to continue over the next few years
- The shoe deodorizer market is highly competitive in nature. Key players include S. C. Johnson & Son, Inc.; Reckitt Benckiser Group plc; Blistex Incorporated; Sanofi S.A.; Ningbo Jiangbei Ocean Star Factory & Trading Co., Ltd; Zamtek Solutions; Puma SE; Scholl's Wellness Co.; Church & Dwight Co., Inc.; and Chattem, Inc.
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Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Shoe Deodorizer Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
Continued……..
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The global shoe deodorizer market is gathering steam and is projected to grow at a CAGR of around 5.5 % by the end of the forecast period.
The industry has been going through a positive phase of growth in recent years, which is forecasted to continue unabated in the near future.
The growth can be attributed to the proliferation of health and fitness centers, with increased spending being witnessed on sports shoes by sports and fitness enthusiasts.The business intelligence study of the shoe deodorizer market covers the estimation size of the market both in terms of value and volume.
In a bid to recognize the growth prospects in the shoe deodorizer market, the market study has been geographically fragmented into important regions that are progressing faster than the overall market.
Each segment of the shoe deodorizer market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:North America (Canada, US)Latin America (Argentina, Mexico)Europe (NORDIC, UK)APEJ (China, India)The key players in the global shoe deodorizer market report consist ofArm & HammerAdidas AGSkechers Inc.Reckitt Benckiser Group plc.Each market player encompassed in the shoe deodorizer market study is assessed according to its market share, production footprint, current launches, agreements, ongoing R projects, and business tactics.
In addition, the shoe deodorizer market study scrutinizes the strengths, weaknesses, opportunities and threats (SWOT) analysis.You can Request an Example Copy from here - https://www.factmr.com/connectus/sample?flag=S_id=4491Low Capital Aids New Entrants in Shoe Deodorizer MarketCurrently, top companies such as Church & Dwight Co. Inc, S.C. Johnson & Son, Inc. (U.S.), Puma SE, Sanofi SA, Adidas AG, and Skechers Inc., account for approximately half of the market share for shoe deodorizers.
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