Asia Pacific Shoe Insoles Market Size & Outlook, 2023-2030
Asia Pacific shoe insoles market, 2017-2030 (US$M)
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Asia Pacific shoe insoles market highlights
- The Asia Pacific shoe insoles market generated a revenue of USD 2,438.8 million in 2023.
- The market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, orthotics was the largest revenue generating application in 2023.
- Casual is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 2,438.8 million |
| Market revenue in 2030 | USD 3,465.4 million |
| Growth rate | 5.1% (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 |
| Key market players worldwide | Yonex Co Ltd, ASICS Corp, Li Ning Co Ltd, Bauerfeind, Foot Science International, Stable Step LLC, SOLO Laboratories, Insole Brand and Medical Adhesive Products -Spenco Medical Corp, Superfeet, Texon International Group, Footbalance, Currex, Sidas, Enertor, PROFOOT, Rehband, Aetrex Worldwide, Decathlon, Scholl's Wellness, New Balance |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 40.9% of the global shoe insoles market in 2023.
- 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 3,465.4 million by 2030.
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Shoe Insoles Market Scope
Shoe Insoles Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 60.62% in 2023. Horizon Databook has segmented the Asia Pacific shoe insoles market based on casual, athletic, orthotics covering the revenue growth of each sub-segment from 2017 to 2030.
The growing elderly population and increased prevalence of diabetes leading to diabetic foot ulcers are major factors driving the market growth in the region. The rising aging population in the region is attributed to increasing life expectancies and declining fertility rates.
For instance, according to data published by the Asian Development Bank in 2023, approximately one in four individuals in Asia and the Pacific is projected to be aged over 60 by 2050. The number of older persons in the region, those aged over 60, is expected to triple between 2010 and 2050, reaching nearly 1.3 billion people.
Certain countries, including the People's Republic of China, Sri Lanka, Thailand, and Vietnam, are expected to experience a swift transition in this demographic shift. Older adults tend to experience foot pain and foot disorders, including flat feet, plantar fasciitis, and heel pain.
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Our clientele includes a mix of shoe insoles market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific shoe insoles market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific shoe insoles market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific shoe insoles market size, by country, 2017-2030 (US$M)
Asia Pacific Shoe Insoles Market Outlook Share, 2023 & 2030 (US$M)
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