April 13, 2024
Pedicure Unit Market

Pedicure Unit Market Poised To Grow At A Robust Pace Due To Rising Adoption Of Smart And Luxury Pedicure Units

The pedicure unit market has witnessed significant growth in the recent years owing to increasing usage of electronic pedicure units. Pedicure units are aesthetically appealing electrical devices that are used for pedicure treatments at salons and spas. Key features of pedicure units include massage rollers, spinning brushes, water filters and UV sterilizers that ensure deep cleansing and softening of feet. Growing popularity of beauty and wellness treatments among women and rising disposable incomes have boosted the demand for professionally administered pedicure services using advanced pedicure units. 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.

Key Takeaways

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. These players are focusing on strengthening their distribution channels and launching innovative pedicure units with smart features.

The market is witnessing several opportunities such as rising health consciousness, growing medical tourism industry and increasing disposable incomes of consumers. New product launches catering to personalization and customization needs of customers will play a critical role in future growth.

Pedicure units are becoming smarter with integration of new-age technologies such as artificial intelligence, internet of things and augmented reality. Features such as automatic filter cleaning, digital timers, app connectivity and memory pre-sets are enhancing user experience.

Market Drivers

Increasing spending on personal grooming and beauty treatments: Rising living standards and health awareness are prompting consumers to spend more on various beauty services including pedicures performed using specialized pedicure units. This consumer trend is a major factor augmenting market revenues.

Growing medical tourism industry: The medical tourism industry has been witnessing exponential growth worldwide. Many countries are promoting their medical value travel programs to attract foreign patients. This has positively impacted the demand for various spa and wellness facilities including pedicure services.

Challenges in Pedicure Unit Market
The Pedicure Unit Market Trends is facing challenges due to rise in demand for Do-it-Yourself products and kits. Economic downturn in some regions is also negatively impacting the market growth. There is rise in preference for nail treatments at home which can be attributed to cost savings and convenience offered compared to salon visits. Growing health and hygiene concerns also pose challenges for market players as people prefer personal nail care equipments. Market players need to overcome these challenges by offering innovative products targeting DIY customers and focusing on geographical regions with strong economic growth.

SWOT Analysis
Strength: Pedicure units are light weight, easy to use and help in giving perfect pedicure at home. Various attachments makes foot treatment simpler.
Weakness: Initial costs are high compared to salons. Lack of expert guidance can lead to improper usage.
Opportunity: Growing male grooming trend and working population preferring home pedicure presents opportunity. Demand in tier 2 and tier 3 cities yet to be tapped.
Threats: Rise in DIY products and salon discounts during slow periods. Economic slowdowns impact discretionary spending.

Geographical Regions
In terms of value, North America accounts for largest share in pedicure unit market followed by Europe. High awareness regarding self-grooming and nail aesthetics is driving these regions market. Growing working women population opting for pedicure at home also supports market growth.

The fastest growing region for pedicure unit market is Asia Pacific owing to increasing penetration in China and India. Rapid economic development, changing lifestyles and rising income levels in these countries present immense potential for future market gains. Rising health, beauty and wellness culture in Asia Pacific further fuels demand.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.