USD 5.63 billion
Global Shoe Insoles Market Size, Share, Growth Analysis, By Material(Foam and Gel), By Distribution Channel(Offline, and Online) - Industry Forecast 2024-2031
Report ID:
SQMIG30L2090 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|
Tables:
60 |
Figures:
80
Global Shoe Insoles Market Insights
Global Shoe Insoles Market size was valued at USD 5.63 billion in 2022 and is poised to grow from USD 5.89 billion in 2023 to USD 8.44 billion by 2031, growing at a CAGR of 4.6% in the forecast period (2024-2031).
The market is driven by the growing demand for comfortable footwear, increasing awareness about foot health, and the rising prevalence of foot-related problems such as plantar fasciitis and flat feet. In addition, the rise in the geriatric population and the growing trend of sports and fitness activities are also contributing to the growth of the shoe insoles market. Some shoe insoles are designed for specific purposes, such as arch support, metatarsal support, or heel cushioning. Properly fitted and high-quality shoe insoles can improve the overall comfort and health of your feet, and may even help to prevent injuries. Manufacturers of shoe insoles are developing cutting-edge materials to give their customers more support and comfort due to the expanding use of technology in every sector of the economy. To extend the shelf life of the soles, the manufacturers use premium rubber, which opens up fantastic opportunities for long-term competitiveness. Furthermore, many key players are now offering carbon insoles to experience the sensation of propulsion without purchasing additional racing-specific shoes, which will spur market growth over the forecast period. Additionally, the rise of e-commerce platforms and online sales channels is expected to drive market growth.
US Shoe Insoles Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Foam
Fastest Growth
Foam
Growth Rate
4.6% CAGR
Global Shoe Insoles Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Shoe Insoles Market Size By Material 2021-2030 ($ Bn)
Global Shoe Insoles Market Size By Material 2021-2030 (%)
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Global Shoe Insoles Market Segmental Analysis
Global Shoe Insoles market is segmented by material, distribution channel, and region. Based on type, the market can be segmented into foam and gel. Based on distribution channel, the Shoe Insoles Market is segmented into Offline and Online. Based on region, the Shoe Insoles Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Shoe Insoles Market Analysis by Material
By Material, the market can be segmented into foam and gel. Foam-based insoles dominate the market due to their widespread use in sports and athletic shoes. The increasing demand for comfortable and supportive footwear among athletes and fitness enthusiasts drives the North American market. The region is also home to major players in the shoe insoles market, such as Super feet Worldwide, Inc., and Dr. Scholl's, which further drives market growth. In Europe, the market is driven by increasing awareness about foot health and the rising demand for comfortable and supportive footwear. The region is also witnessing an increase in the number of people participating in sports and fitness activities, which drives the demand for foam-based insoles.
Gel-based insoles are the market’s fastest-growing segment due to their superior shock absorption and cushioning properties. The Asia Pacific region is witnessing rapid growth in the market due to the increasing disposable income and changing lifestyles of consumers. The region is also home to major manufacturers of shoe insoles, such as Guangzhou Yiya Trading Co. Ltd., which drives the growth of the market. In Latin America, the market is driven by the increasing demand for gel-based insoles among people who stand for long hours, such as healthcare professionals and retail workers.
Shoe Insoles Market Analysis by Distribution Channel
By distribution channel, the market can be segmented into offline retail and online retail. Offline retail dominates the market due to the preference of consumers to try on physically and purchase shoe insoles. The North American market is driven by major brick-and-mortar retailers, such as Walmart and Walgreens, which offer customers a wide range of shoe insoles. In Europe, the market is dominated by specialty stores catering to customers’ specific needs, such as runners or people with foot conditions.
Online retail is the fastest-growing segment of the market due to the convenience and accessibility it offers to customers. The Asia Pacific region is witnessing rapid growth in the market due to the increasing penetration of smartphones and internet connectivity. Online retail giants, such as Amazon and Alibaba, are expanding their offerings of shoe insoles in the region, driving market growth. In Latin America, the market is driven by consumers' increasing adoption of e-commerce platforms, as they offer greater convenience and lower prices compared to offline retailers.
Global Shoe Insoles Market Size By Material, 2021 (%), 2022 (%)
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Global Shoe Insoles Market Regional Insights
North America dominated the global market due to the increasing awareness about foot health and the rising demand for comfortable and supportive footwear. The region is also witnessing an increase in the number of people participating in sports and fitness activities, which drives the demand for shoe insoles. Major players in the market, such as Superfeet Worldwide, Inc., and Dr. Scholl's, are headquartered in North America, which further drives market growth.
The Asia Pacific region is the fastest-growing region in the market due to the increasing disposable income and changing lifestyles of consumers. The region’s large population base presents a huge market opportunity for shoe insoles manufacturers. Moreover, the region is witnessing rapid urbanization and industrialization, increasing the number of people participating in sports and fitness activities. Major players in the market, such as Guangzhou Yiya Trading Co. Ltd., are based in the region, further driving market growth.
Global Shoe Insoles Market By Geography, 2021-2030, 2024-2031
- Largest
- Fastest
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Global Shoe Insoles Market Dynamics
Shoe Insoles Market Drivers
Increasing awareness about foot health
- One key driver of the global shoe insoles market is the increasing awareness about foot health and the rising demand for comfortable and supportive footwear. As people become more health-conscious and participate in sports and fitness activities, they are seeking products that can help prevent foot injuries and provide comfort during exercise. In addition, the growing prevalence of foot conditions such as plantar fasciitis and flat feet drives demand for shoe insoles that can provide support and relief.
Shoe Insoles Market Restraints
Availability of counterfeit products
- One key restraint of the global shoe insoles market is the availability of counterfeit products, which can be of inferior quality and pose a risk to the foot health of consumers. The prevalence of counterfeit products is a major challenge for manufacturers, as it can damage their reputation and lead to a loss of revenue. In addition, the lack of awareness among consumers about the dangers of counterfeit products can lead them to purchase these products, further exacerbating the problem. As a result, the shoe insoles market is facing challenges in maintaining consumer trust and combating the spread of counterfeit products.
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Global Shoe Insoles Market Competitive Landscape
The global shoe insoles market is highly competitive, with a large number of small and medium-sized manufacturers operating in the market. These companies compete on the basis of product innovation, price, quality, and distribution channels. In addition, larger companies are engaging in mergers and acquisitions to expand their market share and increase their production capacity. The market is also witnessing the development of eco-friendly and sustainable shoe insoles to cater to the growing demand for environmentally responsible products.
Shoe Insoles Market Top Player’s Company Profiles
- Bayer AG
- Superfeet Worldwide Inc.
- Dr. Scholl's
- Sidas
- Implus LLC
- Aline Systems Inc.
- Powerstep
- Spenco Medical Corporation
- Foot Science International
- Hanger Orthopedic Group Inc.
- Footbalance System Ltd.
- SOLE
- Ottobock SE & Co. KGaA
- Wiivv Wearables Inc.
- Tread Labs Inc.
- Birkenstock Digital GmbH
- Bauerfeind AG
- NURVV Ltd.
- Decathlon S.A.
- Protalus Inc.
Shoe Insoles Market Recent Developments
- In March 2023, OrthoLite, a leading insole manufacturer, introduced a new line of insoles featuring plant-based materials and a biodegradable design for improved sustainability.
- In January 2023, Dr. Martens, a popular footwear brand, announced the launch of a new line of insoles featuring a patent-pending gel technology for enhanced comfort and support.
- In July 2022, HICKIES, a brand known for its no-tie shoelaces, introduced a new line of insoles featuring a unique honeycomb structure for improved shock absorption and energy return.
- In May 2022, FootBalance, a Finnish insole company, launched a new line of insoles featuring a customizable design to address specific foot issues.
- In April 2022, Birkenstock announced the launch of a new line of insoles made from sustainable and eco-friendly materials, including cork and natural latex.
Global Shoe Insoles Key Market Trends
- One key market trend in the shoe insoles market is the increasing demand for personalized and customized insoles. Consumers are becoming more aware of the importance of proper foot care and seek insoles that can address their needs and foot conditions. Manufacturers are responding by offering various customization options, such as 3D scanning and printing technologies, to create insoles tailored to each individual's foot shape and biomechanics. This trend is expected to drive market growth and innovation in the coming years.
Global Shoe Insoles Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global shoe insoles market analysis, the markey growth is driven by factors such as increasing awareness of foot health, a rise in foot-related disorders and injuries, and a growing demand for comfortable and supportive footwear. The market is characterized by a trend toward personalized and customized insoles, with manufacturers offering a range of customization options to meet individual needs. New product launches and innovative technologies, such as 3D scanning and printing, drive market growth and increase consumer options for foot care solutions.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 5.63 billion |
| Market size value in 2031 | USD 8.44 billion |
| Growth Rate | 4.6% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Shoe Insoles Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Shoe Insoles Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Shoe Insoles Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Shoe Insoles Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Shoe Insoles Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Shoe Insoles Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Shoe Insoles Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Shoe Insoles Market Report Snapshots
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