USD 8.68 billion
Report ID:
SQMIG25L2011 |
Region:
Global |
Published Date: March, 2024
Pages:
223
|Tables:
62
|Figures:
80
Sustainable Footwear Market size was valued at USD 9.17 Billion in 2023 and is poised to grow from USD 9.69 Billion in 2024 to USD 15.12 Billion by 2032, growing at a CAGR of 5.70% during the forecast period (2025-2032).
The global sustainable footwear market is experiencing a notable shift in consumer preferences and industry practices as sustainability concerns gain prominence. This market is characterized by a growing demand for footwear that combines style and ethics, addressing environmental and social issues. Factors driving this shift include heightened awareness of ecological impacts, increasing support for ethical labor practices, and a desire for products with a reduced carbon footprint. Consumers are now seeking footwear made from eco-friendly materials, such as organic cotton, recycled plastics, and plant-based alternatives. Brands are responding by incorporating these materials into their designs and adopting more transparent supply chains. Additionally, sustainable footwear often involves reduced water and energy consumption during production, aligning with the broader global sustainability movement. Companies embracing sustainability in the footwear sector are not only addressing environmental concerns but also attracting a new wave of conscious consumers. This has led to a surge in collaborations between renowned fashion brands and sustainable startups, driving innovation and accessibility.
US Sustainable Footwear Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 8.68 billion
Largest Segment
Non-athletic
Fastest Growth
Non-athletic
Growth Rate
5.70% CAGR
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The global sustainable footwear market is segmented on the basis of Type, End user and region. By Type, the market is segmented into Athletic, Non-athletic. By End user, the market is segmented into Men, Women, Children. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Sustainable Footwear Market Analysis By Type
In the global sustainable footwear market, the dominant segment is currently Non-athletic footwear. Non-athletic sustainable footwear includes a wide range of styles such as casual shoes, boots, and sandals that are designed with eco-friendly materials and production processes. These types of footwear appeal to a broad consumer base, including individuals who prioritize sustainability in their fashion choices for everyday wear.
On the other hand, the fastest-growing segment in the market is Athletic sustainable footwear. As consumers become more health-conscious and engage in fitness activities, the demand for sustainable athletic footwear has surged. This segment includes running shoes, sneakers, and sport-specific footwear that are manufactured using environmentally friendly materials and sustainable practices. The growing awareness of the environmental impact of traditional athletic footwear manufacturing has led to a rapid increase in demand for sustainable options in this segment.
Sustainable Footwear Market Analysis By End user
The global sustainable footwear market is experiencing a paradigm shift, with sustainability becoming a critical factor in consumer purchasing decisions. Among the end-user segments, Men's Sustainable Footwear stands as the dominant category due to the widespread adoption of eco-friendly and ethically produced footwear options by male consumers. This can be attributed to increasing awareness of environmental issues and a growing preference for products aligned with eco-conscious values.
On the other hand, women's sustainable footwear emerges as the fastest-growing segment, driven by a combination of factors including changing fashion trends, rising female empowerment, and heightened concern for environmental sustainability. Women are increasingly seeking stylish and sustainable footwear choices that align with their values and contribute to a more sustainable fashion industry.
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The global sustainable footwear market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The global sustainable footwear market is experiencing remarkable growth, with the Asia-Pacific (APAC) region emerging as the dominant market and Europe as the fastest-growing region. In APAC, the market dominance can be attributed to several factors. The region's large population, growing middle class, and increasing awareness about environmental issues are driving the demand for sustainable footwear. Countries like China and India, with their burgeoning consumer markets, are significantly contributing to the expansion of the sustainable footwear industry. Additionally, the presence of a robust manufacturing base and an emphasis on sustainable practices in the supply chain are propelling the market's growth in the APAC region.
On the other hand, Europe is witnessing rapid growth due to stringent environmental regulations, shifting consumer preferences towards eco-friendly products, and a strong emphasis on corporate social responsibility. European consumers are increasingly valuing sustainable and ethically produced footwear, which has led to a surge in demand for such products. European brands and manufacturers are actively investing in innovative materials and production processes to meet this demand, further boosting the region's sustainable footwear market.
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Sustainable Footwear Market Drivers
Consumer Awareness and Demand:
Government Regulations and Initiatives:
Sustainable Footwear Market Restraints
Higher Production Costs:
Limited Material Availability and Innovation:
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The global sustainable footwear market features a competitive landscape characterized by a growing number of brands committed to environmentally and socially responsible practices. Industry leaders such as Nike, Adidas, and Puma have embraced sustainable initiatives, incorporating eco-friendly materials, ethical sourcing, and reduced carbon footprints into their footwear production. New entrants like Allbirds and Veja have gained prominence with their exclusive focus on sustainable footwear, showcasing innovative materials like plant-based fibers and recycled components. Traditional brands like Timberland and Reebok have also pivoted towards sustainability, emphasizing circular design principles and sustainable manufacturing processes. Collaborations between fashion designers and sustainable brands, such as Stella McCartney's partnership with Adidas, have further enriched the market. Additionally, consumer awareness and demand for eco-conscious products have propelled the growth of smaller, niche sustainable footwear brands. This competitive landscape reflects a concerted industry shift towards sustainable practices, highlighting a broader commitment to environmental stewardship in the footwear sector.
Sustainable Footwear Market Top Player’s Company Profile
Sustainable Footwear Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global sustainable footwear market analysis, the market is experiencing notable growth as consumers increasingly prioritize eco-friendly and ethically produced footwear. This market shift is driven by rising awareness of environmental issues and the desire for more sustainable consumption patterns. Sustainable footwear encompasses materials sourced from recycled or organic origins, reduced carbon emissions in production, and fair labor practices. Key players are adopting innovative manufacturing processes and materials, such as plant-based alternatives and recycled textiles, to align with these consumer preferences. Despite growth prospects, challenges like higher production costs and the need for consistent quality standards persist. Overall, the sustainable footwear market is set to expand further as both consumers and the industry recognize the importance of environmental responsibility and ethical production practices.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 8.68 billion |
Market size value in 2031 | USD 14.30 billion |
Growth Rate | 5.70% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Sustainable Footwear Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sustainable Footwear Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sustainable Footwear Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sustainable Footwear Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG25L2011
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