The Business Research Company’s Vegan Footwear Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Vegan Footwear Global Market Report 2023 evaluates vegan footwear market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global vegan footwear market size will grow from $24.48 billion in 2022 to $26.62 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of vegan footwear is expected to grow to $36.44 billion in 2027 at a CAGR of 8.2%.
The growing demand for eco-friendly shoes is expected to propel the growth of the vegan footwear market. Eco-friendly shoes are made out of materials that are harmless to the environment as they don’t pollute the air, water, or soil and decompose quickly after dumping. For instance, in April 2021, Reebok, a US-based athletic footwear and apparel company launched two new sustainable, vegan running and training shoes namely the Nano X1 Vegan and the Floatride Energy GROW. The shoes are created from eucalyptus bark, castor bean oil, bloom algae, natural rubber, and recycled polyester as part of the brand’s sustainability drive. Therefore, the rising demand for eco-friendly shoes is driving the growth of the vegan footwear market.
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The vegan footwear market segments in the report are:
1) By Product Type: Shoes, Sneakers, Boots, Sandals, Heels, Other Product Types
2) By Material Type: Microfiber, Polyurethane (PU), Cotton, Natural Rubber, Hemp, Other Material Types
3) By Sales Channel: Direct, Indirect
4) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Stores
5) By End User: Men, Women, Children
The table of contents in TBRC’s vegan footwear market report includes:
1. Executive Summary
2. Vegan Footwear Market Characteristics
3. Vegan Footwear Market Trends And Strategies
4. Vegan Footwear Market – Macro Economic Scenario
5. Vegan Footwear Market Size And Growth
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26. Africa Vegan Footwear Market
27. Vegan Footwear Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vegan Footwear Market
29. Vegan Footwear Market Future Outlook and Potential Analysis
30. Appendix
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