India Shoe Insoles Market Size & Outlook, 2023-2030
India shoe insoles market, 2017-2030 (US$M)
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India shoe insoles market highlights
- The India shoe insoles market generated a revenue of USD 331.7 million in 2023 and is expected to reach USD 483.4 million by 2030.
- The India market is expected to grow at a CAGR of 5.5% 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 331.7 million |
| Market revenue in 2030 | USD 483.4 million |
| Growth rate | 5.5% (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, India accounted for 5.6% 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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India 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 59.99% in 2023. Horizon Databook has segmented the India shoe insoles market based on casual, athletic, orthotics covering the revenue growth of each sub-segment from 2017 to 2030.
Shoe insoles have various applications, including athletic, casual, and orthotic applications. Key players provide a range of products with various properties. The increasing demand for insoles is attributed to evolving lifestyles and busier schedules among customers in this country.
According to the World Health Organization, India has an estimated 77 million individuals aged 18 years and above with type 2 diabetes. It is also estimated that nearly 25 million people are prediabetics, putting them at a higher risk of developing diabetes in the near future.
Furthermore, according to Census 2011, India's older population (60+ years) was 104 million, accounting for 8.6% of the total population. The elderly population is more prone to health conditions, including foot ulcers and plantar fasciitis.
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Horizon Databook provides a detailed overview of country-level data and insights on the India shoe insoles market , including forecasts for subscribers. This country databook contains high-level insights into India shoe insoles market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India shoe insoles market size, by application, 2017-2030 (US$M)
India Shoe Insoles Market Outlook Share, 2023 & 2030 (US$M)
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