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Furthermore, the rise of online marketplaces and social media platforms has made it easier for counterfeiters to reach a wide audience and sell their fake products to unsuspecting consumers. The global sneaker market has experienced explosive growth in recent years, with global sales reaching over $78.8 billion in 2023, which accounts for 19% of the total footwear sales. Worldwide sneaker revenue is projected to grow at a compound annual growth rate (CAGR) of 5.3% over the next 5 years and is expected to reach $98.1 billion in 2028. ” They don’t want the
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