Industry Analysis & Industry Trends
The Foot Care Product Manufacturing industry in the United States is characterized by a diverse, fragmented set of companies producing a wide range of products intended for the treatment or prevention of foot conditions. The industry has experienced growing demand thanks to the medically necessary nature of several industry products, however, competition from overseas manufacturing is a constant threat. This increasing competition is expected to reverse the growth trend in average industry profit margins in coming years, due to the twin pressures of price competition and increased spending on labor to pursue new product development.... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry for the Foot Care Product Manufacturing industry are low for most types of industry operators. For example, start-up expenses for a small-scale foot moisturizer manufacturer are close to zero. This type of company only requires access to fats, oils and other inexpensive inputs; product packaging, such as glass or plastic bottles or jars and mixing, processing and packaging tools and equipment, which can be as simple as a mortar and pestle. Industry operators are required by the FDA to properly label the ingredients and method of using their products, although this is a minor cost to foot care product manufacturers.
Some kinds of industry operators face relatively high barriers to entry... purchase to read more