Report ID: SQMIG25L2011
Report ID:
SQMIG25L2011 |
Region:
Global |
Published Date: March, 2024
Pages:
223
|
Tables:
62 |
Figures:
80
Global Sustainable Footwear Market size was valued at USD 8.68 billion in 2022 and is poised to grow from USD 9.17 billion in 2023 to USD 14.30 billion by 2031, growing at a CAGR of 5.70% during the forecast period (2024-2031).
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.
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Report ID: SQMIG25L2011