The global vegan footwear market size was significantly robust in 2021 and is expected to register rapid revenue CAGR over the forecast period. Factors such as steady adoption of veganism across the globe, changing patterns of the fashion industry, increasing awareness about animal cruelty, growing inclination toward sustainable and eco-friendly products including vegan footwear, and rising number of brands offering vegan footwear are expected to drive global market revenue growth over the forecast period.
The footwear sector is undergoing significant transformation due to growing inclination toward sustainable lifestyle. One of the trending key products is vegan footwear. Vegan footwear is an eco-friendly alternative to leather or wool footwear made using natural or synthetic cruelty-free materials. It is made without the utilization of any animal by-products such as wool, fur, silk, leather, or shearling. Most of the vegan leather is made from polyurethane, microfiber, and recycled plastic. Vegan footwear is trendy and is equally durable, flexible, comfortable, and of high quality as traditional footwear.
Top Companies Operating in the Global Vegan Footwear Market Report:
- LVHM
- Nike
- Adidas
- Reebok
- AVESU GmbH
- Beyond Skin UK
- Taylor + Thomas
- Ethletic
- Allbirds
- Hexa Vegan Shoes
- Matt Nat
- Sydney Brown, LLC
- MooShoes
- Susi Studio
- Veerah
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Revenue growth in the global consumer goods market is primarily due to factors such as the rapid increase in the world population, the growing demand for food and other essential goods, including healthcare nutrition, personal care hygiene, and electronic products. Consumer preferences and lifestyles are changing significantly, the demand for packaged and processed food and beverage products is rising, and the number of people working is increasing. There has been a rapid adoption of cutting-edge technologies such as artificial intelligence (AI), IoT (Internet of Things), big data analytics, robotics automation in the consumer goods industry. Other key factors driving the growth of the global consumer goods market include a growing awareness of the adverse environmental impacts of plastic packaging and a growing demand for eco-friendly and sustainable packaging solutions. Rising income levels in developing economies such as India and stringent government regulations for product quality and safety are expected to boost market revenue growth in the near future.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Shoes
- Sneakers
- Boots
- Sandals
- Heels
- Loafers
- Others
Material Outlook (Revenue, USD Billion; 2019-2030)
- Microfiber
- Polyurethane
- Cotton
- Natural Rubber
- Hemp
- Recycled Plastics
- Others
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Supermarkets/Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
End Use Outlook (Revenue, USD Billion; 2019-2030)
- Men
- Women
- Children
Key Takeaways of the Global Vegan Footwear Market Report:
- A comprehensive overview of the global Vegan Footwear industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Vegan Footwear market.
- Elaborate study of the leading regional markets in the global Vegan Footwear market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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