The shoe deodorizer industry is projected to rise at a promising CAGR of 5.5% between 2019 and 2029. Significant demand for shoe deodorizer from fitness and sports enthusiasts is the predominant factor driving its sales. The rising numbers of fitness and health centers will continue to aid the growth of the shoe deodorizer market, reveals Fact.MR in its new study.
“Major companies are focusing their efforts on novel material innovations to achieve superior odor absorbing performance and longevity,” concludes the Fact.MR report.
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Shoe Deodorizer Market – Key Takeaways
Spray shoe deodorizer formulations continue to account for more than 45% of sales.
Rising consumer preference for online shopping remains a booster to performance of online distribution channels in market.
Despite a current market share of nearly 80%, sales via offline distribution channels will display moderate growth rate in the following years.
Increasing popularity of fitness centers is working in favor of market growth.
Surge in sales of formal and sports shoes is driving shoe deodorizer market, particularly in developing regions.
Shoe Deodorizer Market – Key Driving Factors