Global Shoe Insoles Market Size & Outlook, 2023-2030
Global shoe insoles market, 2017-2030 (US$M)
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Global shoe insoles market highlights
- The global shoe insoles market generated a revenue of USD 5,969.8 million in 2023 and is expected to reach USD 8,239.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.7% by 2030.
- In terms of segment, orthotics accounted for a revenue of USD 3,602.3 million in 2023.
- Casual is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 5,969.8 million |
| Market revenue in 2030 | USD 8,239.2 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Orthotics |
| Fastest growing segment | Casual |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Casual, Athletic, Orthotics |
Other key industry trends
- In terms of revenue, the North America accounted for 21.9% of the global shoe insoles market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 62.5 million by 2030.
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Shoe Insoles Market Scope
Shoe Insoles Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global shoe insoles 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 shoe insoles market will help companies and investors design strategic landscapes.
Orthotics was the largest segment with a revenue share of 60.34% in 2023. Horizon Databook has segmented the Global shoe insoles market based on casual, athletic, orthotics covering the revenue growth of each sub-segment from 2017 to 2030.
The market for shoe insoles has been considerably impacted by the increase in sports and athletic activities, which has increased consumer demand for customized insoles that improve performance and comfort and help reduce the risk of injury. The popularity and participation in sports and fitness activities have significantly increased over the past few decades.
According to the data published by the European Commission in September 2022, approximately 38% of Europeans exercise or play some sport at least once a week or more. People of all ages participate in various sports, from leisure cycling and running to team sports and endurance events. This has significantly driven the demand for sports footwear as it provides various advantages including injury prevention, shock absorption, stability, and support.
Moreover, key players operating in the market are also launching new sports footwear that incorporates such advantages. For instance, in January 2023, ASICS launched new running shoes GEL-NIMBUS 25 consisting of GEL technology with enhanced shock absorption. In addition, consumers are investing in specialized insoles with performance-enhancing features, such as support, stability, and cushioning.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global shoe insoles market , including forecasts for subscribers. This global databook contains high-level insights into Global shoe insoles market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global shoe insoles market size, by regions, 2017-2030 (US$M)
Top 10 countries: Shoe insoles market size, 2023 (US$M)
Global shoe insoles market share, by application, 2023 & 2030 (%, US$M)
Shoe insoles market: Opportunity assessment by country
Global shoe insoles market, by region, 2023 (US$M)
| Application | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,067.9 | 1,137.9 | 1,188.7 | 1,161.0 | 1,206.0 | 1,254.3 | 1,306.2 | 1,362.2 | 1,422.5 | 1,487.6 | 1,558.0 | 1,634.3 | 1,717.0 | 1,806.9 | 4.7% |
| Europe | 1,556.9 | 1,651.0 | 1,716.5 | 1,668.4 | 1,724.7 | 1,785.1 | 1,850.0 | 1,919.8 | 1,995.0 | 2,076.0 | 2,163.5 | 2,258.2 | 2,360.6 | 2,471.7 | 4.2% |
| Asia Pacific | 1,947.2 | 2,083.1 | 2,184.7 | 2,142.3 | 2,234.1 | 2,332.7 | 2,438.8 | 2,553.2 | 2,676.6 | 2,809.9 | 2,954.2 | 3,110.7 | 3,280.6 | 3,465.4 | 5.2% |
| Latin America | 223.0 | 235.7 | 244.2 | 236.6 | 243.7 | 251.3 | 259.6 | 268.4 | 277.9 | 288.1 | 299.1 | 311.0 | 323.9 | 337.8 | 3.8% |
| MEA | 95.1 | 101.2 | 105.5 | 102.9 | 106.7 | 110.8 | 115.1 | 119.9 | 125.0 | 130.5 | 136.4 | 142.8 | 149.8 | 157.4 | 4.6% |
| Overall | 4,890.1 | 5,208.8 | 5,439.6 | 5,311.2 | 5,515.2 | 5,734.2 | 5,969.8 | 6,223.4 | 6,496.8 | 6,792.1 | 7,111.3 | 7,457.0 | 7,831.9 | 8,239.2 | 4.7% |
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