Due to several important developments and demographic shifts, Singapore's foot care market is expanding rapidly. The average age of Singaporeans is 42.8 years, much higher than the global average of 30.6 years. As the population ages, concerns about foot health are increasing, driving demand for specialized foot care products. By 2031, the market is projected to reach US$154 million, with a compound annual growth rate (CAGR) of 8.4%.

Key Trends and Insights:

• Increased Awareness of Foot Health: There is a rising acknowledgment of the significance of foot care, especially among elderly individuals who encounter problems like corns, calluses, and blisters that impact their overall well-being.

• Increasing Need for Instant Relief Products: Hydrocolloid and gel blister plasters are some of the most popular choices because of their efficiency and simplicity of application.

• Diabetic Foot Care Growth: Given that one out of three Singaporeans are at risk for diabetes, it is essential to provide preventive foot care solutions designed specifically for this population.

• Integration with Active Lifestyles: Shoppers seek products that seamlessly blend into their hectic routines, prioritizing subtlety and resilience in foot care options.

WHO WILL BENEFIT FROM THIS?

Foot care brands, healthcare providers, retailers, investors, marketers, and policymakers can all leverage these insights. From innovating preventive products to shaping public health programs, the report highlights opportunities in a US$154 million market driven by aging populations, diabetes risks, and consumer demand for wellness, convenience, and independence.