'U.S.
Shoe Deodorizer Market - The Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2014 - 2020”, a regional
market research report published by Transparency Market Research,
states that the U.S.shoe deodorizer market will grow at a modest
growth rate in the U.S. over the next few years. The market, which
had a net worth of US$207 million in 2013, is anticipated to grow at
a CAGR of 6.2% between 2014 and 2020 and reach US$319.9 million.
The U.S. represents
the largest market for shoe deodorizers in North America, majorly
owing to the large pool of people suffering from hyperthyroidism and
diabetes in the country - conditions that lead to excessive
perspiration. The American Diabetes Association states that 8.3%
population of the country had diabetes in 2013. In the same year,
there were nearly 20 million people suffering from hyperthyroidism in
the U.S., according to the American Thyroid Association (ATA). People
suffering from these medical conditions are the prime target group of
the U.S. shoe deodorizer market.
Browse The Market
Research Report of U.S.
Shoe Deodorizer Market :
The report states
that the shoe deodorizer market in the U.S. will witness a shift in
consumer preference from synthetic chemical-based deodorizer products
to natural products. Increased level of health concern in the U.S. is
expected to help the shoe deodorizer market gain a good thrust in the
coming years.Of the various product types studied in the report, the
product segment of shoe deodorizer sprays held the largest share of
the overall market in 2013, followed by the revenue generated by
insoles; the trend is anticipated to continue over the forecast
period as well. However, the market for shoe deodorizer insoles is
anticipated to rise at a higher CAGR than shoe deodorizer sprays.
Immense growth prospects presented by the sprays segment are expected
to lead to innovations in the near future.
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The market for shoe
deodorizers in the U.S. is highly concentrated currently, with nearly
50% of the market acquired by the top three vendors. However, the
huge scope for innovation, easy entry, and low cost of exit from the
market present significant growth opportunities for new entrants in
the market. Thus, many new players are expected to enter the U.S.
market for shoe deodorizers over the forecast period.
The report presents
a snapshot of the competitive landscape of the market and comprises
thorough financial profiles of some of the key vendors in the market.
Companies in the U.S. shoe deodorizer market profiled in the report
include Chattem, Inc., Reckitt Benckiser Group Plc., Blistex
Incorporated, and S.C. Johnson & Son, Inc.The market earns a
major portion of its revenue from distribution channels such as
convenience stores, drug stores, and large retailers. However, the
rising prominence of e-retailers such as Ebay and Amazon is expected
to change the dynamics of the distribution chain of the U.S. shoe
deodorizer market over the forecast period.
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Release of
U.S. Shoe Deodorizer Market :
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Market Research employs rigorous primary and secondary research
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business reports.
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