Footwear Sole Materials Market CAGR of 5.31% in the forecast period of 2024 to 2031

 

Footwear Sole Materials Market Size

The global footwear sole materials market is expected to reach USD 36.41 billion by 2031 from USD 24.47 billion in 2023, growing with a substantial CAGR of 5.31% in the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Footwear Sole Materials Market Trends

“Rising Incidence of Foot Disorders and Chronic Diseases”

As the global population ages and the prevalence of conditions such as diabetes, arthritis, and obesity increase, there is a growing demand for supportive and therapeutic footwear solutions. Foot disorders, including plantar fasciitis, flat feet, and bunions, are becoming more common, leading individuals to seek insoles that offer enhanced support, cushioning, and pain relief.

Diabetes, in particular, is a major driver of this market as per the American Diabetic Association and The American Journal of Managed Care estimate that diabetes is directly responsible for 60% of lower-leg amputations in patients 20 years of age and older. Diabetic patients often suffer from foot-related complications such as neuropathy and ulcers. This condition necessitates the use of specialized insoles that provide adequate cushioning and reduce pressure points to prevent injuries and improve comfort.

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