The Latin America, Middle East and Africa Shoe Insoles Market would witness market growth of 6.9% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 23,904.3 thousand units, showcasing a growth of 8.1% (2023-2030).
Increasing awareness of foot health and the importance of proper foot support has increased demand for shoe insoles as people look for ways to alleviate common foot problems. The prevalence of foot-related issues such as plantar fasciitis, flat feet, and overpronation has driven the market as individuals seek relief through specialized insoles. Consumers are increasingly prioritizing comfort and support in their footwear, leading to a demand for insoles that enhance the overall fit and feel of shoes. Athletes and fitness enthusiasts frequently utilize specialized orthotics that enhance performance, reduce injury risk, and increase comfort during physical activities.
Shoe insoles are a relatively affordable and non-invasive way to address common foot problems. The sports and fitness industry are a significant driver of the market. Athletes and fitness enthusiasts often use insoles to enhance their performance, reduce the risk of injuries, and improve comfort during physical activities. The expansion of e-commerce has made it easier for consumers to access various insoles online. This has expanded the reach of insole manufacturers and increased consumer options. Custom-made insoles, tailored to an individual's unique foot shape and needs, have gained popularity. This trend reflects a growing interest in personalized healthcare solutions.
The UAE has witnessed a general increase in health and wellness awareness, with individuals seeking products and solutions contributing to their overall well-being. Foot health is now seen as an integral part of this wellness trend. UAE residents, especially in urban areas like Dubai and Abu Dhabi, often wear shoes that prioritize style over comfort. As awareness of the impact of uncomfortable footwear grows, people are turning to insoles to improve the comfort of their shoes. Custom-made insoles have gained popularity among health-conscious individuals in the UAE. Due to these aspects, the market will grow in upcoming years.
The Brazil market dominated the LAMEA Shoe Insoles Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $137.7 million by 2030. The Argentina market is showcasing a CAGR of 7.4% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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)
Increasing awareness of foot health and the importance of proper foot support has increased demand for shoe insoles as people look for ways to alleviate common foot problems. The prevalence of foot-related issues such as plantar fasciitis, flat feet, and overpronation has driven the market as individuals seek relief through specialized insoles. Consumers are increasingly prioritizing comfort and support in their footwear, leading to a demand for insoles that enhance the overall fit and feel of shoes. Athletes and fitness enthusiasts frequently utilize specialized orthotics that enhance performance, reduce injury risk, and increase comfort during physical activities.
Shoe insoles are a relatively affordable and non-invasive way to address common foot problems. The sports and fitness industry are a significant driver of the market. Athletes and fitness enthusiasts often use insoles to enhance their performance, reduce the risk of injuries, and improve comfort during physical activities. The expansion of e-commerce has made it easier for consumers to access various insoles online. This has expanded the reach of insole manufacturers and increased consumer options. Custom-made insoles, tailored to an individual's unique foot shape and needs, have gained popularity. This trend reflects a growing interest in personalized healthcare solutions.
The UAE has witnessed a general increase in health and wellness awareness, with individuals seeking products and solutions contributing to their overall well-being. Foot health is now seen as an integral part of this wellness trend. UAE residents, especially in urban areas like Dubai and Abu Dhabi, often wear shoes that prioritize style over comfort. As awareness of the impact of uncomfortable footwear grows, people are turning to insoles to improve the comfort of their shoes. Custom-made insoles have gained popularity among health-conscious individuals in the UAE. Due to these aspects, the market will grow in upcoming years.
The Brazil market dominated the LAMEA Shoe Insoles Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $137.7 million by 2030. The Argentina market is showcasing a CAGR of 7.4% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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)
Scope of the Study
Market Segments Covered in the Report:
By End-use (Volume, Thousand Units, USD Billion, 2019 to 2030)- Women
- Men
- Orthotics
- Athletic
- Casual
- Economy
- Medium
- Premium
- Foam
- Rubber
- Gel
- Plastic
- Carbon Fiber
- Polyurethane
- Others
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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
- Superfeet Worldwide, LLC (Westward Partners LLC)
Unique Offerings
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Shoe Insoles Market by End-use
Chapter 5. LAMEA Shoe Insoles Market by Application
Chapter 6. LAMEA Shoe Insoles Market by Price
Chapter 7. LAMEA Shoe Insoles Market by Material
Chapter 8. LAMEA Shoe Insoles Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- 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
- Superfeet Worldwide, LLC (Westward Partners LLC)
Methodology
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