Global Football Market

Global Football Market Size, Share, Growth Analysis, By Type(Training ball, Match ball), By Distribution channel(Online, Offline), By Size(Size 1, Size 2) - Industry Forecast 2024-2031

Report ID: SQMIG25A2151 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 95 | Figures: 66

Global Football Market News

  • In February 2024, Thales Group reported plans to grow its strategic collaborations and lay out a Maintenance, Repair, and Overhaul (MRO) office for common flights in India. This extension remembers a critical venture for Delhi-NCR, with Thales' VP and country chief, Ashish Saraf, expressing that the speculation will be in the "multi-million-euro" range. 
  • In December 2023, LALIGA framed its strategy for growing football in India by utilizing the fame of cricket. The arrangement includes fortifying business organizations and grassroots improvement through collaborations with neighborhood football foundations and clubs like Sevilla, FC Bengaluru, Atlético Madrid, Atlético Kolkata, and Bury Kashi. Also, LALIGA means to work with instructive organizations and news sources to advance football development in India. Drives like LALIGA FOOTBALL SCHOOLS will be key in this work, alongside cooperating with partners in the games business organization to accomplish shared development and collaborations for the game in the country. 
  • In September 2023, the Argentine Football Association and Tata Gluco+, the regional sponsor of the Argentine Football Association in India, presented another game drink called Tata Gluco Sports Drink. This cooperation demonstrates Tata Customer Products' commitment to improving buyer encounters and empowering a more dynamic way of life through its organization with AFA. 
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Global Football Market size was valued at USD 4.04 billion in 2022 and is poised to grow from USD 4.19 billion in 2023 to USD 5.65 billion by 2031, growing at a CAGR of 3.79% in the forecast period (2024- 2031). 

The competitive environment of the global football market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'Adidas AG', 'Baden Sports', 'Decathlon Sports Pvt. Ltd.', 'Franklin Sports Inc.', 'Mitre International', 'Nike Inc.', 'Puma SE', 'Select Sports A/S', 'UMBRO', 'Wilson Sporting Goods'

The surge in the popularity of sports and fitness, coupled with a notable uptick in the adoption of extracurricular activities, signifies a dynamic shift driving the growth of the global football market. This evolving trend is further propelled by the substantial influence wielded by sports celebrities, particularly on youth, leveraging the vast reach of social media platforms.

The ascent of both global and national football events heralds significant growth opportunities within the sports landscape. The burgeoning acceptance of extracurricular activities, particularly in the realm of sports, contributes to this evolving paradigm. Additionally, the expanding influence wielded by sports stars serves as a catalyst, presenting vast avenues for growth. These combined factors signify a ripe environment for the proliferation of football-related activities, fostering opportunities for enhanced participation, engagement, and overall expansion within the market.

North America plays a distinctive role in the football market, albeit with a primary focus on American football. While soccer, known as football in most parts of the world, continues to gain traction, it competes with established sports like American football, basketball, and baseball. Despite this competition, soccer's popularity has steadily risen, particularly among younger demographics and immigrant communities.

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