Latin America Sneakers Market Size & Outlook, 2023-2030
The sneakers market in Latin America is expected to reach a projected revenue of US$ 6,506.9 million by 2030. A compound annual growth rate of 3.5% is expected of Latin America sneakers market from 2024 to 2030.
Revenue, 2023 (US$M)
$5,116.7
Forecast, 2030 (US$M)
$6,506.9
CAGR, 2024 - 2030
3.5%
Report Coverage
Latin America
Latin America sneakers market, 2018-2030 (US$M)
Related Markets
Latin America sneakers market highlights
- The Latin America sneakers market generated a revenue of USD 5,116.7 million in 2023.
- The market is expected to grow at a CAGR of 3.5% from 2024 to 2030.
- In terms of segment, low-top sneakers was the largest revenue generating product in 2023.
- Mid-Top Sneakers is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 5,116.7 million |
| Market revenue in 2030 | USD 6,506.9 million |
| Growth rate | 3.5% (CAGR from 2023 to 2030) |
| Largest segment | Low-top sneakers |
| Fastest growing segment | Mid-Top Sneakers |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low-Top Sneakers, Mid-Top Sneakers, High-Top Sneakers |
| Key market players worldwide | Nike Inc Class B, Adidas AG, ASICS Corp, Kering SA, Skechers USA Inc Class A, Under Armour Inc Class A, VF Corp, Puma SE, New Balance, Relaxo Footwears |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.5% of the global sneakers market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 42,532.3 million by 2030.
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Sneakers Market Scope
Sneakers market segmentation & scope
Sneakers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America sneakers market size, by country, 2018-2030 (US$M)
Latin America Sneakers Market Outlook Share, 2023 & 2030 (US$M)
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