In 2023, the sports and athletic insoles market is projected to be worth approximately US$ 9 billion, with expectations to reach US$ 17 billion by 2033. The adoption of sports and athletic insoles is anticipated to increase at a Compound Annual Growth Rate (CAGR) of 6.6% from 2023 to 2033.
The Internet of Things (IoT) is being integrated into the manufacturing processes of various traditional consumer goods, such as sports and athletic insoles, to enhance user convenience. The evolution of sports and athletic insoles has exceeded expectations, focusing on providing utmost comfort for consumers. In terms of base material, the rubber segment is anticipated to lead with an above-average Compound Annual Growth Rate (CAGR) of 6.5% throughout the assessment period.
A new pattern that one might find is growing concern on day to determine more sustainable materials. There is demand for recycled and biodegradable insoles from consumers, showing what can only be read as environmental consciousness in them. In spite of their growing popularity in the market, customization does not seem to spread as fast. Manufacturers provide Asics custom orthotics based on specific features such as a foot shape, arch type and desired athletic pursuit. This trend responds to the increasing demand for comfort, assistance, and injury reductions.
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The market also presents opportunities in the realm of medical applications. Insoles designed for medical conditions such as plantar fasciitis, diabetes, and arthritis are in high demand, driven by the aging population and the increasing prevalence of these conditions. The sports and athletic insoles market is witnessing the convergence of technology, sustainability, customization, and medical needs, providing vast prospects for innovation and market expansion.
Key Takeaways from the Sports and Athletic Insoles Market:
- The United States is projected to hold a market share of more than 70.0% in North America until 2023.Italy is forecasted to capture a market share of over 11.3% in Europe until 2023.
- India is expected to secure a market share of over 29.7% in South Asia by 2023.
- Among various base material types, rubber is experiencing the highest level of popularity. This segment is anticipated to maintain its leading position in the foreseeable future.
“The sports and athletic insoles market is experiencing rapid growth due to trends like smart insoles, sustainability, customization, and medical applications, presenting significant opportunities for market players”, remarks an analyst at FMI.
How Key Players are revolutionizing the Manufacturing of Sports and Athletic Insoles market?
Key players in the sports and athletic insoles market are revolutionizing manufacturing processes to meet evolving consumer demands. They are incorporating advanced technologies such as 3D printing, computer-aided design (CAD), and robotics to enhance production efficiency and customization capabilities.
This allows for the creation of personalized insoles that offer precise support and comfort based on individual foot measurements and activity requirements. These players are investing in research and development to develop innovative materials and designs that enhance performance, durability, and sustainability. By embracing technological advancements and focusing on innovation, key players are driving the transformation of the sports and athletic insoles market, providing enhanced products and experiences to consumers.
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Key Players in the Market:
- Aetrex Worldwide, Inc.
- Invent Medical Group, s.r.o. (8 Sole)
- Materialise Phits Insoles
- AF Group
- ALINE Systems, Inc.
- ARNEPLANT, S.L
- Bauerfeind
- Birkenstock USA
- Currex GmbH
- Diafarm Laboratories (Noene)
- Foot Science International
- Footbalance System Ltd.
- Guangzhou Shunyang SM Co Ltd.
- Implus LLC
- Ottobock Holding
- Peacocks Medical Group
- Reckitt Benckiser (Scholl)
- RSscan Lab Ltd.
- Sorbothane, Incorporated
- SUPERFEET WORLDWIDE, Inc.
- Texon International Group Limited
- Wiivv Wearables Inc.
- Digitsole
Product Portfolio:
- Foot Science International is known for its FootBalance custom insoles and orthotics that provide personalized support and comfort for customers’ feet, enhancing their overall well-being.
- Footbalance System Ltd. offers a diverse product portfolio of custom insoles, foot analysis systems, and related accessories, aimed at improving foot health and optimizing performance for athletes and individuals seeking personalized foot support.
More Insights Available
Future Market Insights offers an unbiased analysis of the sports and athletic insoles market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the sports and athletic insoles market, the report is segmented on the basis of By Base Material Type (Polymer, Plastic, Rubber, Carbon Fiber and Silicone), By Size (U.S.) (% of Demand) (4 – 5, 6 – 7, 8 – 9, 10 – 11 and 12 – 13), By Consumer Orientation (Men, Women and Kids), By Sales Channel (Direct Sales, Indirect Sales, Hypermarkets/Supermarkets, Departmental Stores, Specialty Stores, Multi-brand Stores, Exclusive Stores/Franchised Stores, Online Retailers and Other Retail Channels), across 5 major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
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Market by Category
By Base Material Type:
- Polymer
- Plastic
- Rubber
- Carbon Fiber
- Silicone
By Size (U.S.) (% of Demand):
- 4 – 5
- 6 – 7
- 8 – 9
- 10 – 11
- 12 – 13
By Consumer Orientation:
- Men
- Women
- Kids
By Sales Channel:
- Direct Sales
- Indirect Sales
- Hypermarkets/Supermarkets
- Departmental Stores
- Specialty Stores
- Multi-brand Stores
- Exclusive Stores/Franchised Stores
- Online Retailers
- Other Retail Channels
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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