The Evolution of the Global Sneakers Industry

According to newly released data by Future Market Insights (FMI), the global sneakers market was valued at USD 72,232 million in 2022 and is projected to reach USD 139,876 million by 2032, growing at a robust compound annual growth rate (CAGR) of 6.8% from 2022 to 2032.
This growth is driven by an increasing demand for comfortable, stylish, and high-performance footwear, alongside rising disposable incomes and a shift toward more active lifestyles. Sneakers, once a niche product for athletic performance, have now become a staple in everyday fashion, with consumers increasingly seeking both functionality and style.