Shoe insoles market is anticipated to grow at a significant CAGR of 4.9% during the forecast period. The rising prevalence of sports-related injuries such as muscle tear and joint dislocation among athletes is growing the demand for shoe insoles across the globe during the forecast period. According to the Johns Hopkins University (Homewood Student Organization), in the US around 30 million children and teens participate in some form of organized sports, and more than 3.5 million injuries happen each year. Almost one-third of all injuries incurred in childhood are sports-related injuries. By far, the most common injuries are sprains and strains. Further, almost 215,000 children aged between 5-14 years were treated in hospital emergency rooms for football-related injuries. Hence, these increasing sports-related injuries are boosting the demand for shoe insoles during the forecast period as these shoe insoles can support relieving any strain or sprain felt during sports activity.
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The global shoe insoles market is segmented based on application, material, and end-user. Based on application, the market is segmented into casual, athletic, and orthotics. Based on material, the market is sub-segmented into foam, gel, and rubber. Based on end-user the market is anticipated into men and women. Among the end-user, the women segment is anticipated to grow at a substantial CAGR over the forecast period, due to the growing female working population and increasing female participation in sports activities. On contrary, the men’s sub-segment is expected to hold a prominent share of the market. According to International Labour Organization (ILO), in 2022, the current global labor force participation rate is around 47% and 72% for women and men, respectively.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Shoe Insoles Market Report Segment
By Application
- Casual.
- Athletic
- Orthotics
By Material
- Foam
- Gel
- Rubber
By End-User
- Men
- Women
Global Shoe Insoles Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global shoe insoles market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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