The global foot insoles market to grow at a CAGR of 6.64% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global foot insoles market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of foot insoles.
Shoes are not just a significant part of clothing because of style, but they also provide relief and support in the right places. A wrong pair of shoes can cause shin, back, knee, or even hip pain if not properly supported. Most vendors of sports footwear are focusing on customization. Retailers, like Amazon, have been harvesting recurring gains from doing so for their vast consumer base using Big Data. Vendors are progressively concentrating on providing consumers with customized products, thereby, uplifting customer loyalty and engagement.
According to the report, dwindling birth rates have led to a rise in the population of older people. For instance, in Japan where people aged 65 years and above currently contribute to 23%-25% of the population, the percentage is expected to reach 38% by 2050. In North America, the estimates are between 13% and 22%, and in Europe, they are between 16% and 27%.