Brazil Shoe Insoles Market Size & Outlook, 2023-2030
Brazil shoe insoles market, 2017-2030 (US$M)
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Brazil shoe insoles market highlights
- The Brazil shoe insoles market generated a revenue of USD 83.9 million in 2023 and is expected to reach USD 110.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.1% 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.
Shoe insoles market data book summary
| Market revenue in 2023 | USD 83.9 million |
| Market revenue in 2030 | USD 110.9 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Orthotics |
| Fastest growing segment | Casual |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 1.4% of the global shoe insoles market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil shoe insoles 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 110.9 million by 2030.
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Shoe Insoles Market Scope
Shoe Insoles Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 62.1% in 2023. Horizon Databook has segmented the Brazil shoe insoles market based on casual, athletic, orthotics covering the revenue growth of each sub-segment from 2017 to 2030.
Brazil has a tropical climate, and some regions can get quite hot and humid. In such conditions, feet tend to sweat more, leading to discomfort and potential skin issues. Quality shoe insoles can help absorb moisture and keep the feet dry and comfortable.
Properly designed insoles can help with proper foot alignment and arch support, reducing the risk of foot-related problems like plantar fasciitis, flat feet, and other discomforts. Insoles can be added to various types of shoes, including sneakers, sandals, and hiking boots, making them versatile and adaptable to different environments.
For instance, Brazilian brand Tnin Shoes produces insoles for recyclable sneakers using Braskem’s launched eco-friendly resin, in August 2019. While Brazil has significant socioeconomic disparities, not everyone can afford expensive custom orthotics.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil shoe insoles market , including forecasts for subscribers. This country databook contains high-level insights into Brazil shoe insoles market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil shoe insoles market size, by application, 2017-2030 (US$M)
Brazil Shoe Insoles Market Outlook Share, 2023 & 2030 (US$M)
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