The revenue in the footwear market in Mexico was forecast to continuously decrease between 2025 and 2030 by in total 1.5 billion U.S. dollars (-19.71 percent). According to this forecast, in 2030, the revenue will have decreased for the eighth consecutive year to 6.14 billion U.S. dollars. Find more key insights for the revenue in countries like Bolivia, Peru, and Guatemala.. The Statista Market Insights cover a broad range of additional markets.

The South American Athletic Footwear Market is Segmented by Activity Type (Running Shoes, Sports Shoes, and More); Product Type (Shoes and Boots), End User (Men, Women, and Children); Category (Premium and Mass), Distribution Channel (Sports and Athletic Goods Stores, Supermarkets/Hypermarkets, and More); and Geography (Brazil, Argentina, Rest of South America). The Market Forecasts are Provided in Terms of Value (USD).

The revenue in the footwear market in LATAM was forecast to continuously increase between 2024 and 2029 by in total *** billion U.S. dollars (+***** percent). After the ninth consecutive increasing year, the indicator is estimated to reach ***** billion U.S. dollars and therefore a new peak in 2029.

Recent developments include: In 2022, PUMA Se partnered up with the Brazilian Confederation of Athletics to sponsor their national teams. This partnership also includes sponsoring 24 adult and youth teams., In 2021, Nike Inc. announced that they are transitioning its Nike Brand business in Brazil, Argentina, Chile, and Uruguay to strategic distributor partnerships, enabling a more profitable, capital efficient, and value accretive business model., In 2019, Iconix Brand Group has extended Umbro's licensing agreement with partner Grupo Dass in the countries of Brazil, Argentina, and Paraguay.. Key drivers for this market are: Social Media Influence and Aggressive Marketing Fueling Market Demand, Augmented Expenditure on Advertisement and Promotional Activities by Key players. Potential restraints include: Availability of Counterfiet Products. Notable trends are: Expanding Sports Sector with Strong Support from Governing Bodies.

The Latin America footwear market reached around USD 21.48 Billion in 2024. The market is projected to grow at a CAGR of 3.70% between 2025 and 2034 to reach nearly USD 30.89 Billion by 2034.

The South American athletic footwear market, valued at approximately $XX million in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 5.25% from 2025 to 2033. This expansion is fueled by several key drivers. Rising disposable incomes across the region, particularly in urban areas of Brazil and Argentina, are empowering consumers to invest more in fitness and athletic activities. A burgeoning middle class, coupled with increasing health awareness and a growing preference for active lifestyles, significantly contribute to this market's dynamism. Furthermore, the increasing popularity of fitness trends like running, hiking, and team sports, alongside the rising influence of social media and celebrity endorsements promoting athletic apparel, are further stimulating demand. The market segmentation reveals a strong preference for running shoes and sport shoes across all demographics (men, women, and children). Online retail channels are showing considerable growth, reflecting broader e-commerce trends in South America. However, several challenges restrain market growth. Economic volatility in some parts of South America can impact consumer spending on discretionary items like athletic footwear. Competition from local and international brands necessitates continuous product innovation and effective marketing strategies for market leadership. The availability and affordability of quality footwear in rural areas also present an ongoing challenge for market penetration. Despite these limitations, the long-term outlook for the South American athletic footwear market remains positive, particularly driven by the growing youth population and increased government initiatives promoting sports and healthy lifestyles in key markets like Brazil and Argentina. Continued focus on localized marketing, innovative product design tailored to regional preferences, and strategic partnerships with local retailers will be crucial for sustained success within this evolving market. Recent developments include: In 2022, PUMA Se partnered up with the Brazilian Confederation of Athletics to sponsor their national teams. This partnership also includes sponsoring 24 adult and youth teams., In 2021, Nike Inc. announced that they are transitioning its Nike Brand business in Brazil, Argentina, Chile, and Uruguay to strategic distributor partnerships, enabling a more profitable, capital efficient, and value accretive business model., In 2019, Iconix Brand Group has extended Umbro's licensing agreement with partner Grupo Dass in the countries of Brazil, Argentina, and Paraguay.. Notable trends are: Expanding Sports Sector with Strong Support from Governing Bodies.

Latin America Outdoor Footwear market, representing 5% market share and a substantial market size of 2.13 billion USD in 2023

In 2024, the Latin American footwear market increased by 6.8% to $13.2B, rising for the fourth consecutive year after two years of decline. The total consumption indicated a moderate expansion from 2012 to 2024: its value increased at an average annual rate of +2.2% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +34.5% against 2020 indices.

Learn about the expected growth in the athletic footwear market in Latin America and the Caribbean over the next decade, with projections for market volume and value by 2035.

Latin America's Sustainable Footwear market will be USD 426.21 million in 2024 and is estimated to grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031. The market is foreseen to reach USD 725.5 million by 2031 due to rising personal disposable income.

In Latin America Footwear Market , was valued at approximately USD 10.11 billion in 2022 and is projected to reach USD 12.45 billion by 2029,

Discover how the leather footwear market in Latin America and the Caribbean is poised for growth over the next decade, driven by rising demand. By 2035, the market volume is projected to reach 184 million pairs, with a market value of $6.9 billion.

Learn about the projected growth of the footwear market in Latin America and the Caribbean over the next decade, driven by increasing demand. By 2035, the market volume is expected to reach 1.5B pairs and the market value to reach $16.4B.

In 2023, exports of footwear from Latin America amounted to approximately **** billion U.S. dollars, down from *** billion dollars a year earlier.

Latin America region emerging as a noteworthy contributor, accounting for more than 5% of the total global revenue. In 2023, the market size in Latin America reached USD 0.76 billion, indicating a significant and growing presence in the Women Luxury Footwear market. Forecasts project a robust growth trajectory, with a forecasted compound annual growth rate (CAGR) of 5.9% from 2023 to 2030.

Discover the projected growth of the leather footwear market in Latin America and the Caribbean over the next decade. Anticipated to reach 189M pairs by 2035, with a market value projected to increase to $7.6B.

The South America Athletic Footwear market is expected to add USD 2.77 Billion by 2028 as consumers are becoming more health-conscious.

The Footwear Market report segments the industry into Type (Athletic Footwear, Non-athletic Footwear), End-User (Men, Women, Kids), Distribution Channel (Offline Retail Stores, Online Retail Stores), and Geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa). This report provides five years of historical data as well as five-year market forecasts.

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Footwear Market Size 2025-2029

The footwear market size is forecast to increase by USD 103.6 billion, at a CAGR of 4.2% between 2024 and 2029.

The market is witnessing significant growth driven by design and material innovations leading to product premiumization. Consumers are increasingly seeking high-quality, unique footwear that offers superior comfort and style. This trend is particularly prominent in the athletic footwear segment, where technological advancements are transforming the industry. Additionally, the rising demand for customized footwear is reshaping market dynamics. Customers are looking for personalized fit and design, leading companies to invest in innovative solutions such as 3D printing and custom insoles. However, the market is not without challenges. Rising labor costs and fluctuating raw material prices pose significant obstacles.
Manufacturers must navigate these pressures while maintaining profitability and delivering value to customers. To succeed, companies must focus on operational efficiency and supply chain optimization. Adopting technology-driven solutions, such as automation and lean manufacturing, can help reduce labor costs and improve production efficiency. Similarly, implementing effective supplier relationship management strategies can help mitigate the impact of raw material price volatility. Overall, the market presents significant opportunities for companies that can innovate, adapt, and effectively manage costs.

What will be the Size of the Footwear Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, with dynamic trends shaping various sectors. Leather shoes remain a staple, their durability and classic appeal enduring. Meanwhile, athletic footwear innovations, such as improved shock absorption and advanced footwear technology, dominate the industry. Formal footwear designs incorporate comfort and style, while footwear care and repair solutions cater to consumers' needs. Supply chain optimizations and 3D printing technologies revolutionize manufacturing processes. Orthopedic footwear and protective footwear cater to specific consumer requirements, with material science advancements enhancing performance metrics. Comfort testing and ethical sourcing are increasingly prioritized. Casual footwear, including canvas shoes and sneakers, maintain popularity.

Suede shoes and walking shoes offer versatility, while water resistance is a crucial feature for hiking boots and children's footwear. Safety footwear and work boots prioritize protection. Footwear design continues to push boundaries, integrating new materials like synthetic fabrics and 3D printing. Foot health considerations and arch support are essential elements. The ongoing unfolding of market activities underscores the continuous evolution of the footwear industry.

How is this Footwear Industry segmented?

The footwear industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Non-athletic footwear
  Athletic footwear


End-user

  Men
  Women
  Children


Distribution Channel

  Offline
  Online


Material

  Leather
  Non-Leather


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Product Insights

The non-athletic footwear segment is estimated to witness significant growth during the forecast period.

The market encompasses a wide range of products, including rubber shoes, hiking boots, men's footwear, dress shoes, casual footwear, suede shoes, walking shoes, children's footwear, protective footwear, and more. A significant portion of this market is accounted for by non-athletic footwear, which includes casual, fashion, and formal/work categories. The demand for non-athletic footwear is driven by several factors, such as increasing consumer fashion consciousness and the introduction of trendy shoes in the men and children's segments. Additionally, the rise of private-label brands offering high-quality products at affordable prices is contributing to the market's growth. Furthermore, customers are purchasing multiple pairs of non-athletic footwear for various occasions and purposes, with this trend particularly prominent among Generation Z and millennials.

Footwear technology plays a crucial role in the industry, with innovations in shock absorption, water resistance, and comfort testing enhancing the overall consumer experience. Materia

South America Recovery Footwear market size is USD 525.61 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.