Brazil Footwear Market Report and Forecast 2024-2032

Brazil Footwear Market Size

The Brazil footwear market is projected to grow at a CAGR of 5.6% between 2024 and 2032. The market is being driven by the growing trend of athleisure and evolving fashion preferences.

Brazil Footwear Market Outlook

• According to the Brazilian footwear industry association, Abicalçados, the export of footwear is likely to decline by 6-9% in volume in Q2 2024. 

• In the first quarter of 2022, Abicalçados reported that footwear companies in Brazil created 17,800 new employment opportunities. 

• The consumption of footwear in Latin America is expected to increase by over 4% in the upcoming years.

Brazil Footwear Market Growth

The Brazilian Footwear Industries Association predicts that the production of footwear in Brazil will increase by 0.9% to 2.2% by the end of 2024 due to a rise in domestic demand. This is expected to result in the production of 873.4 to 884.6 million pairs of footwear, maintaining Brazil's position as the world's fifth-largest footwear producer and the largest outside of Asia. This growth is attributed to the projected 2.2% GDP growth in 2024. Additionally, footwear consumption in Brazil is anticipated to grow by 2.4% to 3.8% by the end of 2024.

The Brazil market for footwear serves a diverse group of customers, ranging from individuals who value luxury fashion to those who prioritise affordability. This market is influenced by a variety of economic, social, and technological factors. The increasing impact of fashion trends and social media has heightened the fashion awareness of Brazilian consumers, resulting in a higher demand for fashionable and trendy footwear. Moreover, the growing emphasis on health and wellness has contributed to the rising popularity of athletic and sports footwear. The athleisure trend, combining athletic and casual wear, has notably expanded the market for comfortable and practical footwear.

Brazil Footwear Market Segmentation

“Brazil Footwear Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Athletic
  • Sports Shoes 
  • Trekking/Hiking Shoes
  • Running Shoes 
  • Others 
• Non-Athletic
  • Flip-Flops/Slippers 
  • Boots 
  • Sneakers 
  • Others

Market Breakup by End User

• Men

• Women

• Children

Market Breakup by Distribution Channel

• Online

• Offline

Market Breakup by Region

• São Paulo

• Minas Gerais

• Rio de Janeiro

• Bahia

• Rio Grande do Sul

Brazil Footwear Market Share

Based on the type, the market is segmented into athletic and non-athletic. Non-athletic footwear is projected to grow at a CAGR of 6.2% during the forecast period of 2024-2032.Non-athletic footwear includes a diverse selection of shoe styles created for daily use, formal events, and different activities that do not require physical exertion. These types of shoes are essential for both fashion and comfort in everyday life.

Leading Companies in the Brazil Footwear Market

Major players are focusing on the application of advanced technologies, including 3D printing and use of sustainable production materials, to gain a competitive edge in the market.

• Nike, Inc. 

• Adidas AG 

• Skechers U.S.A., Inc 

• VF Corporation 

• Crocs, Inc. 

• PUMA SE 

• Asics Corp. 

• Under Armour®, Inc.  

• Burberry Limited 

• LVMH Moet Hennessy Louis Vuitton SE 

• Others

Key Highlights of the Report