The global sustainable footwear market was valued at $7.7 billion in 2020, and is projected to reach $13.3 billion by 2030, registering a CAGR of 5.7% from 2021 to 2030.
Sustainable footwear is mostly made up of recyclable waste and are manufactured by eco-friendly production process. Thus, these sustainable footwear gives a positive contribution to the environment. These footwear minimizes toxic waste due to the use of recycled materials. The production of sustainable footwear involves less use of water & harmful chemicals. Use of sustainable footwear has been readily gaining popularity among the consumers, which is attributed to the fact that sustainable footwear easily available through online stores. In addition, these sustainable footwear are easily available through various sales channels including online stores, supermarkets, hypermarkets, specialty stores, and others, which, in turn, contributes towards the sustainable footwear market growth. Rise in demand among children for a wide variety of footwear, including flip-flops, sandals, and boots , manufacturers are also continuously launching sustainable footwear for children in the market which in turn augments the growth of the global market.
COVID-19 Impact Analysis
The outbreak of the COVID-19 pandemic has shown a negative impact on the market.
The COVID-19 pandemic has not only hampered production facilities but also disrupted supply chains such as material suppliers and distributors of the sustainable footwear market globally, resulting in loss of business, in terms of value sales.
Trade restrictions imposed by several countries across the globe to curb the outbreak of COVID-19 has significantly affected global logistics and transportation, which has affected the sustainable footwear market.
By Product Type
The Non-Athletic segment dominates the global sustainable footwear market and is expected to retain its dominance throughout the forecast period.
The global sustainable footwear market segments are categorized into product type, demographics, distribution channel, and region. By product type, it is classified into athletic and non-athletic. By demographics, it is divided into men, women and kids. On the basis of distribution channel, it is segregated into specialty stores, supermarkets/hypermarkets, online stores, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, India, Australia & New Zealand, Japan, South Korea, ASEAN, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Argentina, and Rest of LAMEA).
By application, the non- athletic segment accounted for the highest sustainable footwear market share in 2020, and is expected to remain its dominance during the sustainable footwear market forecast period. This is attributable to the fact that the sustainable non-athletic footwear market is dominated by the presence of a wide range of footwear encompassing sandals, heels, wedges and others launched by the manufacturers by using recycled materials which are getting popularity among environment conscious consumers.
By Demographics
The woMen segMent dominates the global sustainable footwear market and is expected to retain its dominance throughout the forecast period.
By demographics, the women segment accounted for the highest market share in the global sustainable footwear market in 2020. This is attributable to the fact that sustainable footwear for women is becoming a very popular among women. Increase in number of working women worldwide is fueling the demand for trendy and stylish sustainable footwear, which can be used for formal as well as casual occasions. Thus, sustainable footwear have become a new trend in the footwear industry. However, men segment is expected to be the fastest growing segment during the sustainable footwear market forecast period in terms of value sales.
By distribution channel, the specialty store segment accounted for the highest market share in the global sustainable footwear market in 2020. This is attributable to heavy discounts offered by specialty stores their customers that boosts sales of sustainable footwear through specialty stores across the globe, which notably contributes toward growth of the overall market. However, the online store segment is expected to be the fastest growing segment during the forecast period, in terms of value sales.
By Distribution Channel
The Specialty store segment dominates the global sustainable footwear market and is expected to retain its dominance throughout the forecast period.
Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the highest market share in 2020. Rise in number of of population along with growing environment conscious consumers in this region which has driven sales of sustainable footwear ultimately contributing toward growth of the overall market. However, Europe is expected to be the fastest growing region during the forecast period.
Key players operating in the global sustainable footwear market focus on prominent strategies to overcome competition and maintain as well as improve their share worldwide. Some of the major players in the global industry analyzed in this report include Adidas group, Nike Inc., New Balance, GIESSWEIN, Reebok, Native shoes, Rothy’s, Reformation, Amour Vert, and MATISSE FOOTWEAR.
By Region
The Asia-Pacific segment dominates the global sustainable footwear market market and is expected to retain its dominance throughout the forecast period.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the current sustainable footwear market trends, estimations, and dynamics of the market for the period of 2020–2030 to identify prevailing market opportunities.
- The key countries in four major regions have been mapped based on their market share.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis of the market segmentation assists to determine prevailing sustainable footwear market opportunities.
- Major countries in each region have been mapped according to their revenue contribution to the global sustainable footwear industry.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of market players.
- The report includes both regional as well as global the sustainable footwear market analysis, key players, market segments, product type, gender areas, and sustainable footwear market growth strategies.
Sustainable Footwear Market Report Highlights
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Analyst Review
Key market players operating in the sustainable footwear market have adopted key developmental strategies such as product launch to fuel demand for sustainable footwear in the market, in terms of value sales. In addition, they have also emphasized on continuous innovations in their products to maintain a strong foothold in the market and to boost sustainable footwear demand globally. Additionally, in order to a give a positive contribution to the environment manufacturers are continuously developing and launching innovative sustainable footwear in the market.
CXOs further added that rise in environment consciousness among individuals as well as rising working class women professionals propels growth of the sustainable footwear market. The industry has recently observed an emerging trend of men using skin care and hair care products to enhance their physical appearance. Use of sustainable footwear by male consumers is expected to eventually increase and in turn supplement growth of the global sustainable footwear market in terms of value sales.
Moreover, sustainable footwear have witnessed prominent adoption in the developing countries such as India, owing to swift change in consumer lifestyle, increase in disposable income, and surge in demand for eco-friendly products among the consumers. Furthermore, increase in penetration of various online portals globally and rise in number of offers or discounts attract large consumer base to purchase sustainable footwear through online channels. Moreover, online sales channel has increased consumer reach, making it key source of revenue for many companies.
However, easy availability of counterfeit products in the market is projected to hamper growth of the sustainable footwear market during the forecast period.
The global sustainable footwear market was valued at $7.7 billion in 2020.
The global sustainable footwear market is projected to register a CAGR of 5.7% from 2021 to 2030.
You can raise the query to our sales team, and they will get back to you with the sample for the sustainable footwear market report.
The forecast period in the market report is considered from the year 2021 to 2030.
Some of the major players in the global industry analyzed in this report include Adidas group, Nike Inc., New Balance, GIESSWEIN, Reebok, Native shoes, Rothy’s, Reformation, Amour Vert, and MATISSE FOOTWEAR.
The global sustainable footwear market segments are categorized into product type, demographics, distribution channel, and region.
By Region, Asia-Pacific accounted for the highest market share in 2020
The sustainable footwear market is countersigning a steady increasing demand in the year 2021.
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