Casual Wear Insole Market Comprehensive Analysis, Future Plans and Industry Growth Forecast by 2027

Insoles are a common accessories found in most casual wears. They are available in various shapes, sizes and colors and have a great variety of functionality. Insoles are best worn as part of one’s shoe inserts. As the name suggests, casual wear insoles go best with casual wear such as jeans or leggings and with heels. Insoles are used to provide height and make certain parts of the feet visible in the right manner.

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Drivers:

Increasing number of sport activities is expected to propel growth of the casual wear insole market over the forecast period. According to the Bureau of Labour Statistics, 221.6 million people engage in sports activities on a daily basis in the U.S.

Increasing number of gym-goers and health clubs is also expected to aid in growth of casual wear insole market. The increase in demand for customized insoles that are made according to the customer’s foot structure is a driver for the market. Insoles reduce tiredness and provides an arch support to the feet which helps athletes run faster and keep their feet firm while making turns during the play.

Restraints:

Sale of counterfeit products is expected to hinder growth of the casual wear insoles market.

Regional Insights:

Asia Pacific is expected to witness significant growth in the casual wear insole market, owing to increasing adoption of e-commerce. For instance, according to India Brand Equity Foundation, the e-commerce sector in India is expected to reach US$ 200 billion by 2026 from US$ 38.5 billion as of 2017.

Europe is also expected to witness significant growth in the casual wear insole market, owing to increasing sports-related injuries in the region.

Competitive Section:

The key players involved in the casual wear insole market are:

Aetrex Worldwide, Currex GmbH, Footbalance system, FAES FARMA, Gravitus, Implus Footcare LLC. Powerstep, Protalus, Superfeet Worldwide, Sorbothane Incorporated, Sidas, and Bauerfeind.

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Key Developments:

November 2019: Sorbothane Incorporated announced that the company’s Ultra SOLE and Ultra PLUS Stability Insole were featured at The Running Event 2019 in Austin Texas (US).

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