Vegan Footwear Market Size, Share, Trends, Growth and Forecast 2032

Vegan Footwear Market Insights

According to the report published by Zion Market Research, the global Vegan Footwear Market size was valued at USD 29.31 Billion in 2023 and is predicted to reach USD 51.66 Billion by the end of 2032. The market is expected to grow with a CAGR of 6.5% during the forecast period. The report analyzes the global Vegan Footwear Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the egan Footwear industry.

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Global Vegan Footwear Market: Overview

Vegan footwear is made without animal products or ingredients like leather, wool, silk, and many more. These are cruelty-free. With the growing trends of sustainable shopping, vegan footwear is much in demand. The global vegan footwear market is expected to grow exponentially with a high CAGR during the forecast period.

Global Vegan Footwear Market: Growth Factors

The emerging veganism trends are no longer restricted to kitchens; they have reached widespread areas encompassing the footwear and apparel industry. The growing consumer interest in eco-friendly products is the chief driver of the global vegan footwear market growth. The trend is anticipated to grow vigorously in the coming years. The emergence of leading shoemakers has further added momentum to the ongoing trends.

The source of ethical fashion trends is mostly traced in fashion hubs like the US and Europe. They are growing much faster than expected and hence inspiring developing nations to move on with the trend. The rising focus on cruelty-free fashion has induced the manufacturers to push the production and supply of vegan footwear to cater to the demand.

Consumers are better informed about the usage of different materials in the manufacturing of footwear that poses hazardous threats to human health like triggering allergic reactions and many others. Leather is one of the known materials, used in the sole making of the shoes is steered away due to the changing consumer buying paradigm towards the eco-friendly alternatives.

The growing production and adoption of vegan footwear are contributing significantly to reduce the carbon footprint. Moreover, vegan footwear has a wide scope with regards to their fashion quotient.

Further, the manufacturers are paying attention to the fashion buzz regarding vegan footwear and leading brands are increasing their investment to make the design more appealing and attractive. Besides the crisp and attractive physical appearance, these are touted to be comparatively more comfortable and offer efficient resistance against the different climatic conditions.

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Global Vegan Footwear Market: Segmentation

The global vegan footwear market can be segmented into products, sales, materials, end-user, price ranges, and regions.

By product, the market can be segmented into loafers, heels, sandals, boots, sneakers, shoes, and others. The shoe segment holds hegemony over others due to the surging trends among both men and women. They are gradually emerging as a sustainable and popular choice for myriad reasons. The shoes certified by the international organization provide a guarantee of not contributing towards the creating of carbon footprint.

By sales, the market can be segmented into indirect and direct. The indirect sales segment holds hegemony as hypermarket and supermarket remain preferred options for shopping.

By material, the market can be segmented into microfiber, hemp, natural rubber, cotton, recycled polyester, recycled plastics, polyurethane, and others. Among the classified segments, the microfiber holds the largest share in the global vegan footwear market. The hemp segment is anticipated to grow significantly during the forecast period due to the surging demand for innovative designs in footwear.

By price range, the market can be segmented into premium and mass. The mass segment dominates the market significantly and is expected to grow with a high CAGR during the forecast period.

By end-use, the market can be segmented into women, men, kids, and transgender. Among these, the men segment holds the largest market share.

Vegan Footwear Market: Report Scope

Global Vegan Footwear Market: Regional analysis

North America holds the largest share in the global vegan footwear market due to the presence of key market players and the rising demand for vegan products. The region has witnessed a significant rise in the vegan population in recent years. Moreover, the growing awareness of people toward environmental health has further propelled regional growth.

Europe is expected to emerge as a prominent region in the global vegan footwear market owing to the growing interest of the people in eco-friendly products.

Asia Pacific is anticipated to grow significantly during the forecast period due to the growing popularity of ethical fashion.

Global Vegan Footwear Market: Competitive Players

Some of the significant players in the global vegan footwear market are

• AVESU GMBH
• MooShoes
• Ethletic
• Beyond Skin UKamong
• Hexa Vegan Shoes
• Veerah
• Matt & Nat
• Adidas AG
• Susi Studio
• Nike Inc

The Global Vegan Footwear Market is segmented as follows:

By Products 

• loafers
• heels
• sandals
• boots 
• sneakers 
• shoes
• and others 

By Sales 

• indirect
• direct

By Materials 

• microfiber
• hemp
• natural rubber
• cotton
• recycled polyester
• recycled plastics
• polyurethane
• and others

By End-user 

• women
• men
• kids
• transgender 

By Price ranges 

• premium 
• mass

Global Vegan Footwear Market: Regional Segment Analysis

• 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

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.