Middle East & Africa Shoe Insoles Market Size & Outlook
Middle East & Africa shoe insoles market, 2017-2030 (US$M)
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MEA shoe insoles market highlights
- The MEA shoe insoles market generated a revenue of USD 115.1 million in 2023.
- The market is expected to grow at a CAGR of 4.6% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 115.1 million |
| Market revenue in 2030 | USD 157.4 million |
| Growth rate | 4.6% (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, MEA region accounted for 1.9% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Shoe Insoles Market Scope
Shoe Insoles Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 62.38% in 2023. Horizon Databook has segmented the Middle East & Africa shoe insoles market based on casual, athletic, orthotics covering the revenue growth of each sub-segment from 2017 to 2030.
The Middle East region has been hosting several major sporting events. For instance, Qatar hosted the FIFA World Cup 2022 and the 2023 International League T20 took place in the UAE. Further, the next two editions of the Asian Football Confederation Asian Cup will be hosted in Qatar (2023) and Saudi Arabia (2027).
Mass participation events such as the Dubai Marathon and Bahrain Iron Man 70.3 complement the growing importance of physical activity in Middle Eastern countries. Active individuals often seek specialized insoles to enhance performance, reduce the risk of injuries, and provide extra comfort during physical activities.
For instance, Rehband, based in Cyprus, manufactures insoles that stabilize and support both the lower and upper arch of the foot. The company offers these in different colors and sizes.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa shoe insoles market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa shoe insoles market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA shoe insoles market size, by country, 2017-2030 (US$M)
Middle East & Africa Shoe Insoles Market Outlook Share, 2023 & 2030 (US$M)
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