Market Size of Football Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 741.45 Million |
| Market Size (2029) | USD 906.00 Million |
| CAGR (2024 - 2029) | 4.09 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Football Market Analysis
The Football Market size is estimated at USD 741.45 million in 2024, and is expected to reach USD 906 million by 2029, growing at a CAGR of 4.09% during the forecast period (2024-2029).
The COVID-19 outbreak has significantly affected the market due to several national and international tournament closures worldwide. Some of these major events are the FIFA World Cup, UEFA Champions League, UEFA European Championship, Copa America, Copa Libertadores, UEFA Europa League, Africa Cup of Nations, etc. However, post-covid, the market is recovering fast, which is boosting the sales of sports products worldwide. During the pandemic, Nike, a major player in the sport, estimated a sales decline, but the company saw a big recovery in sales after the pandemic ended. According to the company, NIKE's annual revenues for 2022 were USD 46.71 billion, a 4.88% increase from 2021. In 2021, Nike's annual revenue was USD 44.538 billion, a 19.08% increase over the previous year. In 2020, Nike reported annual revenues of USD 37.403 billion, a drop of 4.38% from 2019's USD 39.628 billion.
Individuals are becoming increasingly involved in fitness and sports activities, which is driving the global market. As football's popularity increases and the number of young adults participating in football-related events increases, this trend is likely to continue. In addition, the products are readily available through online and offline organized retail channels, which is driving the market growth. In addition to the increased consumer expenditure on sports and recreation activities, continued product innovation, the growing use of fitness apps among health-conscious individuals, and extensive research and development (R&D) activities conducted by key players are some positive factors impacting this market.
