Brazil Footwear Market Size & Outlook, 2023-2030
Brazil footwear market, 2018-2030 (US$M)
Related Markets
Brazil footwear market highlights
- The Brazil footwear market generated a revenue of USD 16,609.5 million in 2023 and is expected to reach USD 21,647.6 million by 2030.
- The Brazil market is expected to grow at a CAGR of 3.9% from 2024 to 2030.
- In terms of segment, non-athletic was the largest revenue generating product in 2023.
- Athletic is the most lucrative product segment registering the fastest growth during the forecast period.
Footwear market data book summary
| Market revenue in 2023 | USD 16,609.5 million |
| Market revenue in 2030 | USD 21,647.6 million |
| Growth rate | 3.9% (CAGR from 2023 to 2030) |
| Largest segment | Non-athletic |
| Fastest growing segment | Athletic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Athletic, Non-Athletic |
| Key market players worldwide | Nike Inc Class B, Adidas AG, Puma SE, Geox SpA, Timberland Bancorp Inc, Skechers USA Inc Class A, Crocs Inc, Under Armour Inc Class A, Wolverine World Wide Inc |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.8% of the global footwear market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil footwear market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 21,647.6 million by 2030.
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Footwear Market Scope
Footwear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil footwear market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to footwear market will help companies and investors design strategic landscapes.
Non-athletic was the largest segment with a revenue share of 65.45% in 2023. Horizon Databook has segmented the Brazil footwear market based on athletic, non-athletic covering the revenue growth of each sub-segment from 2018 to 2030.
Sneakers have become a mainstay for an increasing number of people in the country and this has resulted in the emergence fashionable and trendy styles. Furthermore, sustainable footwear brands such as Insecta have been witnessing high receptibility among consumers in recent years, which is expected to offer strong growth opportunities in the future.
Brazil is also one of the major footwear manufacturing countries in the industry, with an established factory setup and skilled labor. This presents a lucrative opportunity for new manufacturers looking to venture into the footwear market.
The availability of a variety of nonathletic footwear styles, including heels, boots, sneakers, sandals, floaters, and loafers, has been successful in piquing consumers’ interest. The athletic footwear segment is also witnessing strong growing with the increased participation of youngsters in various sports and outdoor activities.
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Our clientele includes a mix of footwear market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil footwear market , including forecasts for subscribers. This country databook contains high-level insights into Brazil footwear market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil footwear market size, by product, 2018-2030 (US$M)
Brazil Footwear Market Outlook Share, 2023 & 2030 (US$M)
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