Pedicure Unit Market Estimated To Witness Significant Growth Due To...

Pedicure Unit Market Estimated To Witness Significant Growth Due To Rising Number Of Salons And Spas

Posted 2024-01-29 12:47:55

Pedicure units help provide comfort and relaxation to feet along with removing dead skin and calluses. These units are equipped with rotary tools and brushes that perform tasks such as exfoliation, scrubbing and massaging of feet. Pedicure units have motors of varying speeds that gently buff away rough skin, hydrate feet and remove dead cells.

The global pedicure unit market is estimated to be valued at US$ 1.49 Mn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
High growth: One of the key drivers fueling the growth of the pedicure unit market is the rising number of beauty salons and spas globally. Growing preference for grooming and self-care has encouraged individuals to make regular visits to salons for pedicures and other foot treatments using advanced units. Various models are introduced catering to different requirements with innovative features to improve client experience.
Expanding spa industry: Rapid urbanization with hectic schedules and rising stress levels has increased demand for self-care and relaxation therapies. Therefore, the number of medical spas and day spas has witnessed considerable growth over the years providing pedicure services along with other therapies. This has significantly boosted the sales of pedicure units supporting overall market expansion.

SWOT Analysis
Strength: The pedicure unit market has seen exponential growth in recent years due to rising disposable income and health awareness among individuals. Portable pedicure units allow individuals to get pedicures from the comfort of their own home without visiting salons, saving travel time and costs. Many pedicure units come with customizable settings and attachments to suit different foot types and nail shapes.

Weakness: Setting up and maintaining pedicure units require technical know-how and regular maintenance which can be a deterrent for some users. Lower-priced pedicure units may not have advanced features or sturdy build quality. The initial set up costs of pedicure units can be higher than traditional pedicures.

Opportunity: With rising health awareness, female labor force participation, and expanding e-commerce, the market is expected to witness multiple opportunities. Product innovation with advanced features like variable speed control, automatic timers and attachments are expected to drive the sales. Further, emerging markets offer huge untapped growth potential.

Threats: Availability of cheaper salon pedicures and do-it-yourself nail kits present competition to standalone pedicure units. Economic slowdowns could impact discretionary spending on personal grooming devices. Stringent regulations on product safety and innovations from alternative brands may also affect leading players.

Key Takeaways

The global Pedicure Unit Market Growth is expected to witness high growth over the forecast period of 2024 to 2031 supported by rising health awareness and busy lifestyles. The market size is projected to increase from US$ 1.49 Mn in 2024 to US$ 2.25 Mn by 2031, growing at a CAGR of 5.5%.

Regional analysis related content comprises
The Asia Pacific region currently dominates the global pedicure unit market with the largest market share owing to rapid urbanization, rising disposable incomes and expanding middle class in densely populated countries such as China and India. These countries are expected to remain the fastest growing regional markets for pedicure units. North America follows Asia Pacific as a major regional market driven by high consumer spending on personal care and busier work schedules leaving less time for salon visits.

Key players related content comprises
Key players operating in the pedicure unit market are Nestle S.A., Groupe Danone, Abbott Laboratories, Hain Celestial Group, Kraft Heinz Company, Bristol-Myers Squibb, Hero Group, Morinaga Milk Industry Co. Ltd., and Cargill Inc. The market remains fairly competitive with players focusing on product innovation, endorsements, and expanding distribution networks to gain market share.