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Asia Pacific Footwear Market Sees Increasing Competition from Online-First Footwear Brands
The Asia Pacific footwear market is experiencing strong growth, supported by rising consumer spending, rapid urbanization, expanding eCommerce platforms, and changing fashion preferences. Valued at US$ 365.2 billion in 2020, the market is projected to reach US$ 846.9 billion by 2031, expanding at a compound annual growth rate (CAGR) of 8.7% from 2021 to 2031. Growing demand for casual footwear,...
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