South Africa Shoe Insoles Market Size & Outlook, 2023-2030
South Africa shoe insoles market, 2017-2030 (US$M)
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South Africa shoe insoles market highlights
- The South Africa shoe insoles market generated a revenue of USD 14.5 million in 2023 and is expected to reach USD 20.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.9% 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 14.5 million |
| Market revenue in 2030 | USD 20.2 million |
| Growth rate | 4.9% (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, South Africa accounted for 0.2% 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 Middle East & Africa, South Africa shoe insoles market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 20.2 million by 2030.
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Shoe Insoles Market Scope
Shoe Insoles Market Companies
| Name | Profile | # Employees | HQ | Website |
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South 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 62.07% in 2023. Horizon Databook has segmented the South Africa shoe insoles market based on casual, athletic, orthotics covering the revenue growth of each sub-segment from 2017 to 2030.
South Africa has a vibrant sports culture, and sports & fitness activities are becoming increasingly popular among people of all ages. Active individuals often seek specialized insoles to enhance performance and reduce the risk of injuries, which could boost the demand for sports-specific shoe insoles.
The growing prevalence of sports activities in the country is fueling the need for preventive measures to prevent sports injuries, leading to an increased demand for orthotic insoles. Salomon Sports provides insoles consisting of Ortholite foam and an EVA heel cup.
The unique combination of special PU and rubber sole ensures high breathability, moisture management, and odor control. The company’s shoe insoles are available widely in the country, spurring product demand.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa shoe insoles market , including forecasts for subscribers. This country databook contains high-level insights into South Africa shoe insoles market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa shoe insoles market size, by application, 2017-2030 (US$M)
South Africa Shoe Insoles Market Outlook Share, 2023 & 2030 (US$M)
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