{"id":44882,"date":"2024-10-18T09:19:10","date_gmt":"2024-10-18T09:19:10","guid":{"rendered":"https:\/\/www.safebettingsites.com\/?p=44882"},"modified":"2024-10-18T09:19:10","modified_gmt":"2024-10-18T09:19:10","slug":"football-merchandise-sales-to-generate-6-65-billion-in-revenue-in-2024","status":"publish","type":"post","link":"https:\/\/www.safebettingsites.com\/2024\/10\/18\/football-merchandise-sales-to-generate-6-65-billion-in-revenue-in-2024\/","title":{"rendered":"Football merchandise sales to generate $6.65 billion in revenue in 2024"},"content":{"rendered":"

Football merchandise is an integral part of the football culture. It\u2019s no surprise that a significant industry has taken shape around it. According to the numbers presented by SafeBettingSites.com, the football merchandise industry is expected to generate $6.65 billion in revenue in 2024.<\/span><\/p>\n

Revenue to grow at 2.2% CAGR in the next five years<\/span><\/h2>\n\"\"\n

Football (or Soccer) merchandise is a multi-billion industry. As per the market insights from Statista, the industry is set to make $6.65 billion in revenue during 2024. If the estimations <\/span>turn out to be<\/span> correct, it would represent a 3.1% increase from $6.45 billion in 2023.<\/span><\/p>\n

Overall, the growth in soccer merchandise has been moderate in recent years, <\/span>and that<\/span> is expected to be the case <\/span>in the near future<\/span>.<\/span><\/p>\n

If we go back to 2017, the industry made $5.39 billion in revenue. The <\/span>industry<\/span> grew during the next two years, but the pandemic significantly hit it during 2020 and 2021. The industry returned to its <\/span>normal<\/span> trajectory of growth in 2022. From 2017 to 2024, the size of revenue has increased by 23.4%<\/span><\/p>\n

The report further predicts that the industry will <\/span>continue to<\/span> grow by 2.2% CAGR from 2024 to 2029. The annual revenue from the football merchandise industry is expected to be $7.41 billion by 2027.<\/span><\/p>\n

United<\/span> States and China are the biggest <\/span>markets<\/span><\/h2>\n\"\"\n

Football is predominately popular in Europe and South America. <\/span>However, the top two markets for the football merchandise industry are <\/span>not<\/span> placed on <\/span>either of these<\/span> continents.<\/span><\/p>\n

The United States represents the <\/span>biggest<\/span> market<\/span>, <\/span>and <\/span>it<\/span> is expected to generate $1,381 million in revenue in 2024.<\/span> The US is followed by China, which is <\/span>not far<\/span> behind with an expected annual <\/span>revenue<\/span> of $1,043 million.<\/span><\/p>\n

The United Kingdom, home of the Premier League, is next on the list with a figure of $484.6 million.\u00a0<\/span><\/p>\n

Spain, current European champions and home to world-famous clubs such as Barcelona and Real Madrid, is next with $396.9 million in sales. Japan with $326.5 in annual revenue is the fifth biggest market as per the data.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Football merchandise is an integral part of the football culture. It\u2019s no surprise that a significant industry has taken shape around it. According to the numbers presented by SafeBettingSites.com, the football merchandise industry is expected to generate $6.65 billion in revenue in 2024. 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