China Shoe Insoles Market Size & Outlook, 2023-2030
China shoe insoles market, 2017-2030 (US$M)
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China shoe insoles market highlights
- The China shoe insoles market generated a revenue of USD 709.9 million in 2023 and is expected to reach USD 1,048.3 million by 2030.
- The China market is expected to grow at a CAGR of 5.7% 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 709.9 million |
| Market revenue in 2030 | USD 1,048.3 million |
| Growth rate | 5.7% (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, China accounted for 11.9% 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 Asia Pacific, China shoe insoles market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,048.3 million by 2030.
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Shoe Insoles Market Scope
Shoe Insoles Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 59.71% in 2023. Horizon Databook has segmented the China shoe insoles market based on casual, athletic, orthotics covering the revenue growth of each sub-segment from 2017 to 2030.
According to the World Health Organization, China's aging population is experiencing one of the most rapid growth rates globally. As of 2019, there were 254 million individuals aged 60 and above, and 176 million of them were aged 65 and above.
The elderly population is more prone to diseases such as diabetes, joint and back pain, and foot disorders, among other conditions. According to the data published by Volza in May 2023, shoe insoles import shipments in China amounted to 3.7K units, brought in by 175 importers from 105 suppliers.
The rising demand for orthotic insoles owing to the prevalence of growing diabetic foot ulcers (DFUs) is expected to drive market growth in the country. Orthotic insoles are prescribed by physicians as they help reduce pain among patients.
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Horizon Databook provides a detailed overview of country-level data and insights on the China shoe insoles market , including forecasts for subscribers. This country databook contains high-level insights into China shoe insoles market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China shoe insoles market size, by application, 2017-2030 (US$M)
China Shoe Insoles Market Outlook Share, 2023 & 2030 (US$M)
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