Shoe Insoles Market

Shoe Insoles Market Outlook for 2024 to 2034

The shoe insoles market valuation is estimated to reach USD 6,122.8 million in 2024. In 2023, the market was valued at USD 5,836.8 million. The market is predicted to grow at a healthy CAGR of 4.50% from 2024 to 2034. The valuation of the shoe insoles market is expected to reach USD 9,508.5 million by 2034.

Attributes	Key Statistics
Shoe Insoles Market Value (2024)	USD 6,122.8 million
Anticipated Market Value (2034)	USD 9,508.5 million
Value-based CAGR (2024 to 2034)	4.50% CAGR

Key Market Trends

There have been a lot of modifications and improvisations in the field of footwear, especially shoes. Trends and innovations driving the market are listed below.

• There is a growing demand for customized insoles tailored to individual foot shapes and preferences. Personalized insoles with brands offering options like heat-moldable or 3D-printed insoles are extensively contributing to the overall market growth.
• Integration of technology, such as smart insoles with sensors and connectivity features, is also in vogue as the general population all over the world is focusing increasingly on track foot movement, pressure points, and activity data for performance optimization.
• As the world pushes toward sustainability, consumers are increasingly emphasizing the use of eco-friendly materials and manufacturing processes in insole production. To respond to these demands, brands all over the world are utilizing used insoles for recycling.
• In the past few years, it has been observed that shoe insole manufacturers and footwear brands often collaborate with each other to create stylish and aesthetically pleasing insoles. This is done to meet the demand for functional support and fashionable footwear.
• Insoles featuring anti-microbial properties and odor control technologies are some of the newest innovations in this industry. These insoles perfectly match the preferences of consumers seeking products that promote foot health and freshness.

Consumption Analysis in the Shoe Insoles Market

• Individuals engaged in sports and physical activities form one of the largest consumer groups in the shoe insoles market. These consumers seek insoles to enhance performance and comfort and prevent injury.
• Individuals with foot conditions like plantar fasciitis, flat feet, or arch problems also use podiatrist-recommended insoles for additional support and relief. In these scenarios, insole manufacturers generally collaborate with these clinics.
• The rising significance of running as an exercise due to lifestyle-related diseases like diabetes, hypertension, etc., has forced runners to invest in specialized insoles designed for shock absorption, stability, and improved running biomechanics.
• Hikers, campers, and outdoor enthusiasts also are one of the most significant contributors to this market. They use insoles to improve comfort and performance during extended periods of walking or outdoor activities.
• Individuals with one foot slightly larger than the other or those dealing with shoe size discrepancies use insoles to get a better fit and comfort in their footwear. Besides this, the aging population also seeks insoles for foot support and pain relief.

Historical Analysis of the Shoe Insoles Market

The shoe insoles market across the world heavily relies on the overall trends in the footwear industry. The market is also influenced by increasing awareness of foot health, with consumers seeking insoles that offer comfort, support, and solutions for specific foot conditions.

Economic conditions, like disposable income, inflation, or supply chain stability, also have a significant impact on the global shoe insoles market. In the last few years, the market for shoe insoles has experienced a series of ups and downs.

In the pandemic, as the world faced sudden shutdowns, the shoe insoles market, in the initial phases, saw a plunge in demand as people refrained from spending on non-essential items. The market also suffered decreased distribution due to the disrupted supply chains. However, with time, as people got accustomed to the new normal, individuals focused on home workouts and outdoor activities. This drove the demand for athletic and performance-oriented insoles in the international marketplace.

Post-pandemic, as the markets opened again, the shoe insoles industry experienced a stabilized revenue growth. The emphasis on health and comfort by the general population all over the world is continuously influencing the demand for high-performance, comfort-giving insoles. In the future, innovations and technological advancements may play a significant role in the market, especially with the growing interest in smart and tech-infused footwear accessories.

Attributes	Key Statistics
Historical Market Value (2019)	USD 4,970.2 million
Shoe Insoles Market Value (2023)	USD 5,836.8 million
HCAGR (2019 to 2023)	4.10%

Factors Adversely Affecting the Shoe Insoles Market

The shoe insoles market is a USD 6 billion industry and is anticipated to grow at a CAGR of 4.50%. Despite the massive size, several factors are slowing down the growth rate for this market.

• Lack of awareness about the benefits of using insoles, particularly among certain demographic groups, is contributing negatively to the market.
• The perception that insoles are not universally effective for all foot issues in the minds of the general population, deter potential consumers from opting for shoe insoles.
• Discomfort during the initial adjustment period when using insoles also deters potential consumers from actively adopting insoles.
• Alternative solutions, such as specialty footwear or shoes with built-in comfort features, also are affecting the market adversely.
• Economic downturns or uncertainties, such as pandemics or war-like situations in the region, also harm the overall market.

Category-wise Insights

Global Orthotic Industry Drive Demand for Shoe Insoles

Attributes	Details
Top Application	Orthotic
Market share in 2024	61.30%

Over the years, shoe insoles have dominated the global orthotic industry, playing a pivotal role in providing personalized comfort, support, and therapeutic solutions for individuals with various foot conditions. They are in great demand in this industry due to the integration of advanced materials and technologies into insoles, which has transformed them from simple cushioning elements to sophisticated orthotic devices.

On the basis of application, the orthotic industry dominates the global shoe insoles market with a share of 61.30%. These insoles are designed to address a wide range of orthopedic issues, including arch support, plantar fasciitis, and pronation-related concerns. The market is also experiencing considerable growth as podiatrists often recommend orthotic insoles as part of treatment plans for various musculoskeletal conditions.

Consumer Preference for Foam-based Insoles to Skyrocket over the Coming Years

Attributes	Details
Top Material	Foam-based
Market share	32.50%

Consumers all over the world, especially those seeking comfort in everyday shoes, have been actively looking for footwear solutions that not only offer a unique combination of comfort and support but also are adaptable to the user’s preferences and activities. Foam-based insoles, such as memory foam, provide a customized and cushioned feel, ensuring optimal support for various foot arch types.

On the basis of material, foam-based shoe insoles dominate the global market with a share of 32.50%. Foam-based insoles are in great demand not just among the day-to-day users but also athletes seeking enhanced performance. These insoles excel in distributing pressure evenly across the foot, reducing impact during daily activities and providing a soft yet supportive foundation.

Country-wise Insights

The section provides an analysis of the shoe insoles market by countries, including China, India, Australia, the United States, and Germany. The table presents the CAGR for each country, indicating the expected growth of the market in that country through 2034.

Countries	CAGR (2024 to 2034)
India	6.50%
China	6.10%
Australia	4.00%
Germany	3.80%
United States	2.50%

Shoe Insoles Market in India

The Indian shoe insoles market is anticipated to retain its dominance by progressing at a CAGR of 6.50% till 2034.

India is blessed with a significant portion of its population in its youth stage. Increasing disposable incomes, in this demographic, are driving the demand for better quality footwear and accessories, including insoles. The country has also been going through a phase of transition, where the general population is increasingly adopting Western lifestyles, further fueling the growth of the insole market.

Shoe Insoles Market in China

China is another Asian country that is driving market growth. Over the next ten years, the demand for shoe insoles in China is projected to rise at a 6.10% CAGR.

China is home to one of the largest populations in the world. The country’s rapid urbanization has led to lifestyle changes, including increased awareness of health and wellness. Sedentary habits, due to corporatization of jobs, are driving the demand for insoles to enhance foot comfort and address various health issues. The influx of international brands in the country is also one of the main contributors to this exponential growth.

Shoe Insoles Market in Australia

The market in Australia for shoe insoles is poised to showcase a CAGR of 4.00% from 2024 to 2034.

Australia is known for its outdoor culture. Activities like hiking, running, and sports, have driven the demand for specialized insoles that cater to the needs of outdoor enthusiasts. Besides this, the awareness of the impact of footwear on overall health has led to an increased demand for insoles, especially among individuals looking for solutions to common foot problems related to physical activity.

Shoe Insoles Market in Germany

In the European region, Germany is leading the shoe insoles market. The German market is anticipated to register a CAGR of 3.80% through 2034.

The growth in the market in Germany is attributed to consumers seeking high-quality, technologically advanced insoles that provide superior comfort and support. Apart from this, Germany is also home to one of the largest geriatric populations in the world. As individuals age, they become more susceptible to foot-related issues, leading to an increased demand for therapeutic shoe insoles.

Shoe Insoles Market in the United States

In the North American region, the United States shoe insoles market is anticipated to register a CAGR of 2.50% through 2034.

The rising cases of fatal cardiovascular diseases like hypertension, obesity, and diabetes in the United States has pushed the general population to adopt to an active lifestyle, which includes regular exercises, especially running. As more Americans engage in physical activities, there is a growing demand for insoles that provide comfort and support during exercise, contributing to the overall market growth.

Competitive Landscape in the Shoe Insoles Market

The market for shoe insoles is heavily dominated by a few international brands, such as FootBalance System, PowerStep, Foot Science International, Bauerfeind AG, etc., who have their reach spread across all the major countries in the world. These companies, over a period of time, have built a substantial consumer base.

There is a presence of small companies in the market, too. These companies cater to the demands of regional consumers. Small companies have to face challenges, like lower profit margins, limited financial resources for research and development, and restricted marketing capabilities.

Recent Developments

• Top of FormIn June 2021, Superfeet, the global insole industry leader and innovator, announced a partnership with private equity firm Westward Partners, as the Seattle-based company assumed majority ownership in the fast-growing industry stalwart.
• At At Medica 2023, dBio unveiled gMOT Cloud, the AIoT Smart Insole. This innovative device offered accurate and hands-free monitoring for activities like gait analysis and sports, ensuring comfortable wear and uninterrupted training.
• Baffin recently launched the YELLOWKNIFE CUFF, a new winter boot for women made in Canada. The boot emphasizes functionality with a removable anti-fatigue insole, providing reliable comfort across various climates and landscapes.

Key Companies in the Shoe Insoles Market

• Bauerfeind AG
• Foot Science International
• PowerStep
• SOLO Laboratories, Inc.
• Spenco Medical Corporation
• Superfeet Worldwide, Inc.
• Texon International Group
• FootBalance System Ltd.
• CURREX
• Sidas
• ENERTOR
• PROFOOT Inc.
• Rehband
• YONEX Co., Ltd.
• Asics Corporation
• Aetrex Inc.
• Decathlon (Aptonia)
• Li Ning (China) Sports Goods Co., Ltd.
• Scholl’s Wellness Co.
• New Balance Athletics, Inc.

Market Segmentation

By Application:

• Casual
• Athletic
• Orthotics

By Material:

• Foam
• Gel
• Rubber
• Plastic
• Carbon Fiber
• Polyurethane
• Others

By Gender:

• Men
• Women

By Price Outlook:

• Economy
• Medium
• Premium

By Region:

• North America
• Europe
• Latin America
• Asia Pacific
• Middle East and Africa

Frequently Asked Questions

How Big is the Shoe Insoles Market?

The global shoe insoles market size was estimated at USD 6122.8 million in 2024.

What is the Market Outlook over the Forecast Period?

The global market is expected to grow at a CAGR of 4.5% from 2024 to 2034.

Who are the Key Players in the Market?

Key market players are Bauerfeind AG, Foot Science International, PowerStep, SOLO Laboratories, Inc., etc.

Which is the Highly Preferred Material in the Market?

Foam-based soles dominate the market with a share of 32.50%.

How Big will the Market Be by 2034?

The market is anticipated to reach a valuation of USD 9,508.5 million by 2034.