The footwear industry, while established, has been undergoing considerable transformation in terms of products offered since the past few years. The varying needs and perceptions with regards to fashion among consumers have been steering rehaul among leading footwear brands.
Future Market Insights (FMI) sees this as a lucrative scope for the expansion of the global shoe inserts market. It has forecast the global shoe insert market to surpass US$ 36.2 Bn by the end of 2020. Despite sluggish growth reported owing to the impact of COVID-19 outbreak, the market will record a CAGR of above 5% between 2020 and 2030.