Sneaker Deodorant Market Forecast and CAGR of ~3.1% - 3.9%
According to latest research by Fact.MR Report, sneaker deodorant market is set to witness steady growth during 2021-2031. Demand for sneaker deodorant market will witness steady recovery in short-term, with an optimistic growth outlook in the long-run. The need to maintain proper hygiene and care of regularly used sneakers is expected to drive the market.
Factors such as growing awareness of personal hygiene and consumer tendency to adopt quick and easy shoe cleaning solutions to avoid excessive hours of washing and drying drives the need for sneaker/shoe deodorant.
How Rise in Number of Fitness Centers and Sports Facilities Drives the Market?
Sneaker deodorants decrease odor by obstructing odor particles and retaining dampness from sneakers. This process additionally reduces the presence of odor later on in the future. The products have anti-fungal properties which helps to keep the feet clean and hold sweat accumulation. The products are available with advance odor-killing attributes which attracts the consumers towards these product.
Further, with the increasing the use of sneakers due to the mounting number of fitness freaks and enthusiasts adds to the demand for these deodorizers that provides quick solutions to odor problems. The growing number of fitness centers and sports facilities around the world are generating demand for sneaker/shoe deodorant.
Moreover, consumers are driven towards the deodorant as they are easily applicable and travel-friendly. These products are also available in multiple fragrances including citrus chill, cherry, Lilly, and others which further increase the demand.
New Product Development and E-commerce Channel Complementing the Market Sales
The main preference of consumers these days is focused on foot health and hygiene, thereby manufacturers are inclined towards investing in new product launches to draw in more consumer attention. The main concern of absorbing the shoe odor is achieved by using novel materials like carbon fabrics, which can also increase the longevity of the product substantially.
For instance, in January 2019, the former engineer of SpaceX produced odor-eliminating shoe pads referred to as Zorpads. These shoe insoles are made of activated carbon fabric and infused with NASA-tested technology to absorb the smell of the shoe and last for up to 60 years.
Also, some of the manufacturers have been gaining traction within the industry with the help of online distribution channels. The increasing popularity of online shopping practices among consumers has pushed the sneaker companies towards online penetration to leverage the E-commerce popularity among consumers which is acting as a key driver.
US and Canada Sneaker Deodorant Market Outlook
In the U.S, the sneaker deodorants market is booming over the past few years and is expected to rise owing to occurrences of smelly feet among working professionals and children due to long hours spent outside the house wearing the shoes continuously which in turn raise the demand for the sneaker deodorants in the coming forecast period.
In 2018, Forbes stated that there were 32,000 health and fitness centers in the U.S. This trend has elevated the category of sportswear, of which sports shoes hold the largest category. The need to maintain proper care and hygiene of used footwears is expected to drive the sneaker/shoe deodorants product adoption in the near future.
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Europe Demand Outlook for Sneaker Deodorant Market
With the rise in number of working population in European countries, especially those with white collar jobs, are pushing for more formal sneakers. This situation is expected to improve the need for sneaker deodorant to maintain good hygiene.
In addition, the rapid growth of the e-commerce industry in the region creates lucrative market opportunities for producers to enter the market to gain a competitive market share, thus leading to product demand.
Who are the Key Manufacturers and Suppliers of Sneaker Deodorant Market?
Some of the leading manufacturers and suppliers of sneaker deodorant market include
- S. C. Johnson & Son Inc.
- Reckitt Benckiser Group Plc
- Blistex Incorporated
- Puma SE
- Sanofi S.A.
- Scholl’s Wellness Co.
- Church & Dwight Co. Inc.
- Shenzhen Chunwang Environmental Protection Technology Co. Ltd.
- Guangzhou Bubujie Household Products Co. Ltd
- Zoshin Co. Ltd.
- Rocket Pure
- Merck & Co. Inc.
- Ningbo Jiangbei Ocean Star Factory & Trading Co. Ltd.
- Panasonic Corporation
An Adaptive Approach to Modern-day Research Needs
Sneaker Deodorant Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
By Product Type
- Ultraviolet (UV)
- Below US$ 10
- US$ 10 – US$ 20
- US$ 20 – US$ 50
- US$ 50 – US$ 100
- US$ 100 – US$ 150
- Above US$ 200
By Sales Channel
- Independent Stores
- Specialty Stores
- Multi-brand Stores
- Online Retailers
- Direct Sales
- Other Sales Channel
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.