The Asia Pacific Shoe Insoles Market would witness market growth of 4.9% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,16,992.8 thousand units, showcasing a growth of 4.9% (2019-2022).
All ages engage in various sports, from cycling and running for recreation to team sports and endurance events. This has significantly increased the demand for athletic footwear, which offers numerous benefits such as injury prevention, impact absorption, support, and stability. Additionally, major industry manufacturers are introducing new sports footwear with these advantages. Further, consumers are investing in orthotics with performance-enhancing characteristics, such as support, stability, and cushioning.
The primary end-users of specialist insoles are people with medical disorders that affect the legs or feet, such as diabetes, ulcers, and arthritis, as they offer plenty of support and comfort. High blood sugar causes injury to the body, including nerves and blood vessels, in diabetic patients. This increases their risk of developing peripheral neuropathy, which causes numbness and pain in the hands and feet. Specialized shoe insoles are created to lower the risk of foot injuries by fostering healthy blood circulation, mobility, and support. The increasing prevalence of diabetes is expected to increase the demand for shoe insoles.
Athletes and fitness enthusiasts in India are increasingly turning to specialized insoles to enhance their performance. Insoles designed for sports and fitness activities can improve stability, shock absorption, and comfort, helping individuals excel in their chosen activities. The Indian region for sports and fitness insoles is growing rapidly due to the country's increasing interest in sports, fitness, and outdoor activities. Manufacturers are responding to this trend by providing a wide selection of performance-enhancing insoles designed specifically for the unique needs of Indian consumers engaged in various physical activities. All these factors will uplift the regional market expansion in coming years.
The China market dominated the Asia Pacific Shoe Insoles Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $847.4 million by 2030. The Japan market is registering a CAGR of 4.3% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 5.6% during (2023 - 2030).
Based on End-use, the market is segmented into Women, and Men. Based on Application, the market is segmented into Orthotics, Athletic, and Casual. Based on Price, the market is segmented into Economy, Medium, and Premium. Based on Material, the market is segmented into Foam, Rubber, Gel, Plastic, Carbon Fiber, Polyurethane, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Shoe Insoles Market is Predict to reach USD 8 Billion by 2030, at a CAGR of 4.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Foot Science International Ltd, Stable Step, LLC, SOLO Laboratories, Inc., Spenco (Implus Footcare, LLC), Texon International Group Limited (Coats Group plc), Footbalance System Oy, Currex LLC, Sidas S.A.S, Bauerfeind AG, and Superfeet Worldwide, LLC (Westward Partners LLC)
By End-use (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Application (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Price (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Material (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Country (Volume, Thousand Unit, USD Million, 2019-2030)
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