The Global Sustainable Footwear Market accounted for 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.
Market Overview
The Global Sustainable Footwear Market accounted for 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.
Sustainable footwear is footwear that is made from a fully sustainable value chain and has a long-life cycle and is easy to dispose of, making it environmentally beneficial. It strives to include environmental considerations across the footwear value chain, from raw material selection to production, packaging, transportation, distribution, and maintenance. Some of the value chain operations that differ from traditional footwear include the selection of raw materials such as organic and renewable sources, biodegradable materials, production with little waste and energy usage, recyclable packaging, and eco-friendly labelling.
COVID-19 Impact Analysis
The COVID-19 pandemic is expected to have a detrimental influence on the worldwide market for sustainable footwear. Due to total lockdown circumstances, which have resulted in the closure of hypermarkets/supermarkets, specialized stores, and other businesses, the market's development is slowing. Furthermore, all sustainable footwear production units were shut down, resulting in supply chain disruptions, order cancellations, export bans, product import bans from several countries, and raw material shortages.
In addition, to prevent the spread of the COVID-19 virus, many limits were imposed on the supply of non-essential items in particular locations and nations, resulting in a drop in market demand. People were unable to participate in outdoor activities such as basketball, soccer, and others due to lockdown conditions. In addition, gyms and fitness centers shuttered, lowering demand for athletic footwear.
Growth Factors
One of the major growth drivers for the Global Sustainable Footwear Market is the changing lifestyles. The growing desire for stylish and elegant footwear at an accessible price has resulted from changing lifestyle preferences. Over time, the footwear business has evolved and observed customer habits and behaviours. In this sense, millennials' on-the-go lifestyle has encouraged businesses to raise their manufacturing size. Consumers seek adaptability, comfort, functionality, sustainability, and performance in a variety of contexts, according to the NDP Group. As a result of this element, businesses have begun to include social and environmental concern into their creative sustainable footwear production.
Another factor for the growth in this market is increase in health awareness among people. The increased demand for sustainable sports footwear is due to people's rising health consciousness and desire to keep healthy and avoid chronic diseases. Obesity and a sedentary lifestyle have prompted individuals to exercise regularly and participate in a variety of indoor and outdoor sports such as basketball, soccer, badminton, jogging, and other activities. All of these activities have boosted the desire for footwear that is both comfortable and fashionable, as well as durable.
Report Scope :
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Type Segment Analysis Preview
The sustainable footwear market is divided into two categories: athletic and non-athletic footwear. In the shoe sector, the sustainability trend is becoming a new innovation. The notion of eco-consciousness is gaining popularity, as is the usage of conventional recycling and biodegradable procedures.
Sustainable practices are practiced by businesses such as New Balance, Adidas, Nike, and Puma in the sporting market. Puma, for example, has introduced the Puma InCycle shoe collection, which is made entirely of biodegradable materials.
End User Segment Analysis Preview
The industry is divided into three divisions based on the end user: men, women, and children. With a market share of 55%, men dominate this segment. Men's desire for sustainable footwear is being driven by the growing popularity of sustainable athletic footwear appeal and accompanying technologies. Various product debuts in the sustainable footwear area have also contributed to the growth of the men's category. For example, New Balance has introduced bioLogic, a sustainable fabric material with ventilation panels to maintain various temperature ranges that are necessary and beneficial for athletes.
Regional Analysis Preview
In 2019, Asia Pacific became the largest regional market for sustainable footwear. The market in Asia Pacific is being driven by rising disposable income, the growing influence of newest fashion trends, and fast urbanization. Furthermore, the two most populous nations, China and India, provide a massive market for the global firms to tap into.
Over the projection period, Europe is predicted to grow significantly. Changing lifestyles, more health consciousness, and the developing e-commerce industry are some of the primary drivers driving regional market expansion. The footwear business in the United Kingdom is growing rapidly, with an estimated 330 million pairs of shoes sold each year.
Key Market Players & Competitive Landscape
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.
While established sustainable footwear producers have been concentrating on sustainability from the beginning and have made it a cornerstone of their company, newcomers are catching up to the sustainable footwear trend.
Adidas is working on designing and testing footwear made entirely of recyclable materials. Furthermore, by 2024, the business has officially committed to using only environmentally friendly components in its goods.
Reebok has unveiled a running shoe made entirely of plant-based components rather than petroleum-based components.
The Global Sustainable Footwear Market is segmented as follows:
By Type
By End Use
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By End Use
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Sustainable Footwear Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Type, 2020 & 2028
FIG NO. 7. Global Sustainable Footwear Market for Athletic, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Sustainable Footwear Market for Athletic, By Country, 2020 & 2028
FIG NO. 9. Global Sustainable Footwear Market for Non Athletic, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Sustainable Footwear Market for Non Athletic, By Country, 2020 & 2028
FIG NO. 11. Market Revenue Share, By End Use, 2020 & 2028
FIG NO. 12. Global Sustainable Footwear Market for Men, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Sustainable Footwear Market for Men, By Country, 2020 & 2028
FIG NO. 14. Global Sustainable Footwear Market for Women, Revenue (USD Billion) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Sustainable Footwear Market for Women, By Country, 2020 & 2028
FIG NO. 16. Global Sustainable Footwear Market for Children, Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Sustainable Footwear Market for Children, By Country, 2020 & 2028
FIG NO. 18. Global Sustainable Footwear Market Revenue Share, By Region, 2020 & 2028
FIG NO. 19. North America Sustainable Footwear Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 20. Porter’s Five Forces Analysis for Global Sustainable Footwear Market
FIG NO. 21. PEST Analysis for Global Sustainable Footwear Market
FIG NO. 22. Pricing Analysis for Global Sustainable Footwear Market
FIG NO. 23. Value Chain Analysis for Global Sustainable Footwear Market
FIG NO. 24. Company Share Analysis, 2019
FIG NO. 25. Radar Determinant Chart, 2019
FIG NO. 26. Company Strategic Developments – Heat Map Analysis
FIG NO. 27. Adidas Group Business Segment Revenue Share, 2020 (%)
FIG NO. 28. Adidas Group Geographical Segment Revenue Share, 2020 (%)
FIG NO. 29. Market Channels
FIG NO. 30. Marketing Channel Development Trend
FIG NO. 31. Growth in World Gross Product, 2008-2018
FIG NO. 32. Research Methodology – Detailed View
FIG NO. 33. Research Methodology
List of Tables
TABLE NO. 1: Global Sustainable Footwear Market: Snapshot
TABLE NO. 2: Quarterly Sustainable Footwear Market Revenue by Region, 2020
TABLE NO. 3: Quarterly Sustainable Footwear Market Revenue Forecast by Region, 2021
TABLE NO. 4: Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5: Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6: Global Sustainable Footwear Market for Athletic, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7: Global Sustainable Footwear Market for Non Athletic, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8: Global Sustainable Footwear Market for Men, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9: Global Sustainable Footwear Market for Women, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10: Global Sustainable Footwear Market for Children, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11: Global Sustainable Footwear Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 12: North America Sustainable Footwear Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 13: North America Sustainable Footwear Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 14: North America Sustainable Footwear Market Revenue, By End Use, 2016 – 2028 (USD Billion)
TABLE NO. 15: U.S. Sustainable Footwear Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 16: U.S. Sustainable Footwear Market Revenue, By End Use, 2016 – 2028 (USD Billion)
TABLE NO. 17: Canada Sustainable Footwear Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 18: Canada Sustainable Footwear Market Revenue, By End Use, 2016 – 2028 (USD Billion)
TABLE NO. 19: Mexico Sustainable Footwear Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 20: Mexico Sustainable Footwear Market Revenue, By End Use, 2016 – 2028 (USD Billion)
TABLE NO. 21: Drivers for the Sustainable Footwear Market: Impact Analysis
TABLE NO. 22: Restraints for the Sustainable Footwear Market: Impact Analysis
TABLE NO. 23: Major Buyers of Sustainable Footwear
TABLE NO. 24: Distributors/Traders List of Sustainable Footwear
TABLE NO. 25: Global Sustainable Footwear Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 26: Global Sustainable Footwear Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)
Request the coronavirus impact analysis across industries and markets
Asia Pacific accounted for the largest share market segment in Global Sustainable Footwear Market in 2020.
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.
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