Global Shoe Deodorizer Market 2024-2031

Global Shoe Deodorizer Market Size, Share & Trends Analysis Report by Product(Antimicrobial pesticide, Sanitizer, Fungicide, Deodorizers, Algaestats, and Others),and by End-User (Residential, Commercial, Industrial, and Automotive)Forecast Period (2024-2031)

Global shoe deodorizer market is anticipated to grow at a considerable CAGR of 6.2% during the forecast period (2024-2031). for the growing incidence of diabetes has driven the demand for shoe deodorize. This is due to the fact that diabeteic people are more likely to experience foot issues owing to neuropathy and poor circulation, necessitating proper foot hygiene, including shoe deodorizers, to prevent infections and complications. According to the National Institute of Health (gov.) in March 2023, the diabetes mellitus (DM) poses a significant global health threat, with diabetic foot ulcers (DFU) affecting 20 million individual annually. The DFUs are complex to treat, take months or years to heal, and have high recurrence rates. They also contribute to 85% of diabetic patients requiring lower extremity amputation, leading to global disability. To improve patient care, it is essential to comprehend the barriers to DFU management.

Market Dynamics

Increasing demand for shoe deodorizers

The demand for shoe deodorizers is expected to rise owing to increased physical activity, as sweat and bacteria accumulation in shoes is common among active individuals. According to the Sports & Fitness Industry Association (SFIA), in February2023, the number of Americans participating in at least one sport, fitness exercise, or outdoor recreation activity in 2022 exceeded that of the previous five years. The report indicates that 77.6% of all Americans, equivalent to 236.9 million individual, engaged in at least one activity throughout the year, representing a 9.2% increase from 2017 and a 1.9% increase from 2021.

Market Segmentation

Our in-depth analysis of the global shoe deodorizer market includes the following segments by product type, and end-user:

• Based on product, the market is sub-segmented into antimicrobial pesticide, sanitizer, fungicide, deodorizers, algaestats, and others (stain removers, and anti-static agents).
• Based on application, the market is augmented into residential, commercial, industrial, and automotive.

Online is Projected to Emerge as the Largest Segment

Based on the distribution channel, the shoe deodorizer market is sub-segmented into online, and offline. Among these, the online sub-segment is expected to hold the largest share of the market. The increased accessibility to shoe deodorizers through online platform is a key factor driving the growth of this market segment.The wide range of brands, formulations, and price points globally across these platform is further aiding to the growth of this market segment. According to the Consumers International, in March 2022, the growth of e-commerce has been remarkable in recent years, with global e-commerce retail sales reaching an estimated $4.25 trillion in 2020. This represents a significant share of total retail sales, projected to rise to nearly a quarter by 2025. The COVID-19 pandemic has further accelerated this trend, impacting consumer shopping behavior globally. Interestingly, the Asia-Pacific region, particularly China, has emerged as the primary driver of global e-commerce transactions, accounting for approximately 62.0% of the total value. Meanwhile, Europe and North America combined contribute to around 35.0% of e-commerce transactions.

Insole Sub-segment to Hold a Considerable Market Share

The consumers are increasingly seeking non-toxic, natural alternatives in personal care products, including shoe deodorizers, with essential oils being a popular choice for health-conscious individuals.As a result there is growing demand for anti-microbial solutions and accordingly companies are launching new and innovative solutions to meet this growing demands. For instance, in September 2018, Cosmetics LK has launched a shoe deodorant patch under its Probellefootcare brand, featured an anti-microbial solution released through a porous pouch. The non-toxic solution contains four essential oils, slowing bacteria growth and emitting a natural forest scent.

Regional Outlook

The global shoe deodorizer market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).

North America

• In North American shoe deodorizer market is expected to grow owing to increased demand for sportswear and shoe care products, driven by a growing preference for well-being and fitness activities.

Asia-Pacific to Exhibit Fastest Growth

Among all the regions, Asia- Pacific is anticipated to exhibit highest growth. The growing disposable incomes, growing preference towards hygiene of legs has driven investment in products such as, shoe deodorizers. According to the article, People Research on India's Consumer Economy, in July 2023, the middle Class, with incomes between Rs 5 lakh and Rs 30 lakh, is India's fastest-growing segment, expected to reach 165 million by 2031. This growth affects socio-economic profiles and urbanization, with boom towns and historic centers experiencing higher growth rates. The expansion of the middle class and high-income segments is reshaping consumption, driving nearly $2.7 trillion in incremental spending by 2030. Saving patterns are additionally changing, with Middle Class households spending more on insurance products.

Market Players Outlook

The major companies serving the global shoe deodorizer market include, ADIDAS AG,Procter & Gamble GmbH, Church & Dwight Co., Inc., Henkel AG & Co. KGaA, Inc., S. C. Johnson & Son, Inc. and others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in September 2018, Probelle Launched the First-Ever Shoe Deodorant Patch. The anti-microbial product for shoes. The patch, which adheres to the shoe's vamp, contains patchouli oil, fenugreek extract, thyme oil, and eucalyptus oil, emitting a natural forest scent.

The Report Covers:

• Market value data analysis of 2023and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global shoe deodorizer market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.