Global Sustainable Footwear Market Increasing at A Phenomenal Pace to reach more than USD 11.98 Billion by 2028

14-Jun-2021 | Zion Market Research

Global Sustainable Footwear Market is highly competitive as the key players are involved in the development of strategies such as partnerships. The presence of important players defines the competitive landscape of the market. The major market players have distribution channels and production facilities all over the world. New entrants have found it difficult to develop a foothold in the industry due to the existence of dominating incumbents. New and potential businesses, on the other hand, have been investing in R&D operations in order to compete in the business.

Some of key players in Global Sustainable Footwear Market are
Adidas Group, Amour Vert, Matisse Footwear, Native Shoes , Nisolo ,Reformation , Rothy's, Threads 4 Thought ,Tropic feel ,Veja.

According to analysts at Zion Market Research, the Global Sustainable Footwear Market accounted for more than USD 7.40 Billion in 2020 and is expected to reach USD 11.98 Billion by 2028, growing at a CAGR of 6.1% from 2021 to 2028.

This review is based on a report by Zion Market Research, titled “Global Sustainable Footwear Market By Type (Athletic and Non Athletic), By End User (Men, Women and Children): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2028.”

Trend of Health Consciousness Spur Market Growth

The global sustainable footwear market is growing at a lucrative rate. Factors such as an increase in environmental concerns, growing demand for eco-friendly products, and growing use of renewable resources are primarily fostering the growth of the global market. The footwear sector is expanding at a rapid rate. Growing demand from the youngsters and millennials coupled with a rise in the standard of living and growing purchasing power are equally contributing to the growth of the market. In addition to this, athletes also predominantly prefer sustainable footwear. Sustainable footwear also provides several benefits such as reduces garbage, reduces water consumption, supports brand building, and are unique & durable footwear. In 2015, Nike recycled 92 percent of its total scrap and more than 70 percent of its shoes are made using recycled materials. In addition to this, sustainable footwear supports animal rights as no animals are killed to make fur or leather shoes and during the manufacturing process, there is no cruelty to animals. Thus, all these factors are boosting the growth of the global sustainable footwear market. Moreover, most of the brands are venturing to make sustainable footwear as it enables them to contribute to environmental conservation, ensure the brand building, and get better recognition in the competitive market. This is also spurring the growth of the global market. Furthermore, the use of advanced technologies in the manufacture of sustainable footwear may have tremendous opportunities for the growth of the global sustainable footwear market over the forecast period. However, the high cost of raw material and lengthy production processes are likely to hamper the growth of the global sustainable footwear market.

Global Sustainable Footwear Market: Regional Analysis

Asia Pacific is estimated to lead the global sustainable footwear market in terms of revenue during the forecast period. Factors such as the growing demand for sustainable footwear from athletes, growing environmental concerns, increase in buying power, and changing lifestyle are fueling the growth of the market in this region. In addition to this, key marketing strategies and effective advertisements attracting the consumers are also some of the factors that are augmenting the growth of the market in the Asia Pacific region. North America is expected to contribute to a significant share in the market growth. This is attributed to the growing need for conservation of renewable resources, rise in demand from millennials for different types of shoes, and rapid adoption of innovative products.

Global Sustainable Footwear Market: Competitive Players

Some of key players in Global Sustainable Footwear Market are

Adidas Group, Amour Vert, Matisse Footwear, Native Shoes , Nisolo ,Reformation , Rothy's, Threads 4 Thought ,Tropic feel ,Veja.

Browse the full Global Sustainable Footwear Market by Type (Athletic and Non Athletic), By End User (Men, Women and Children): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/sustainable-footwear-market

Global Sustainable Footwear Market is segmented as follows:

By Type

  • Athletic
  • Non-Athletic

By End Use

  • Men
  • Women
  • Children

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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