Latin America Pvc Footwear Market Size & Outlook, 2022-2030
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Latin America pvc footwear market highlights
- The Latin America pvc footwear market generated a revenue of USD 5,178.7 million in 2022.
- The market is expected to grow at a CAGR of 3.1% from 2023 to 2030.
- In terms of segment, shoes was the largest revenue generating product in 2022.
- Flip Flops is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 5,178.7 million |
| Market revenue in 2030 | USD 6,616.0 million |
| Growth rate | 3.1% (CAGR from 2022 to 2030) |
| Largest segment | Shoes |
| Fastest growing segment | Flip Flops |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Shoes, Flip Flops |
| Key market players worldwide | Dr. Martens PLC Ordinary Shares, Bata Corporation, Grendene, Liberty Shoes, Khadim India, Decathlon, VKC Group, Havaianas, Ajanta Shoes |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.9% of the global pvc footwear market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 33,293.3 million by 2030.
Shoes was the largest segment with a revenue share of 48.45% in 2022. Horizon Databook has segmented the Latin America pvc footwear market based on shoes, flip flops covering the revenue growth of each sub-segment from 2017 to 2030.
PVC footwear like sandals or thongs, are widely popular across South America due to the warm climate and casual lifestyle prevalent in many countries in the region. In countries like Brazil, Argentina, and Chile, PVC footwear like flip flops are widely embraced as a comfortable and practical footwear option, especially during the hot summer months.
They are favored for their breathability and ease of use, making them suitable for beach visits, informal events, and relaxed social gatherings. Also, these kind of footwear are popular in coastal areas and beach towns, where they are often the go-to choice for both locals and tourists.
Also, brands like Havaianas and Ipanema have a strong presence in the South American market, and their popularity extends beyond the region, with their products being sold in numerous countries globally.
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PVC Footwear Market Scope
PVC Footwear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ajanta Shoes | View profile | 1001-5000 | Kolkata, West Bengal, India, Asia | https://www.ajantashoes.com |
| VKC Group | View profile | 501-1000 | Sugar Land, Texas, United States, North America | https://www.vkcsubway.com/ |
| Khadim India | View profile | 1001-5000 | Calcutta, West Bengal, India, Asia | https://www.khadims.com/ |
| Liberty Shoes | View profile | 1001-5000 | Gurgaon, Haryana, India, Asia | https://www.libertyshoes.com/ |
| Grendene | View profile | 51-100 | Orlando, Florida, United States, North America | http://www.grendeneusa.com/ |
| Bata Corporation | View profile | 11-50 | Lausanne, Vaud, Switzerland, Europe | https://thebatacompany.com/ |
| Decathlon | View profile | 10001+ | Lompret, Nord-Pas-de-Calais, France, Europe | https://www.decathlon.fr |
| Havaianas | View profile | - | Scottsdale, Arizona, United States, North America | https://us.havaianas.com |
| Dr. Martens PLC Ordinary Shares | View profile | 2584 | 28 Jamestown Road, Camden, London, United Kingdom, NW1 7BY | https://www.drmartensplc.com |
Latin America pvc footwear market size, by country, 2017-2030 (US$M)
Latin America PVC Footwear Market Outlook Share, 2022 & 2030 (US$M)
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