Global Sustainable Footwear Market Increasing at A Phenomenal Pace to reach more than USD 13.70 Billion By 2032

According to the report, the global Sustainable Footwear market size was valued at approximately USD 8.68 billion in 2023 and is predicted to reach around USD 13.70 billion by the end of 2032, expanding at a CAGR of around 5.2% from 2024 to 2032.

The Global Sustainable Footwear Market is highly competitive as the key players are involved in the development of strategies such as partnerships. The presence of important players defines the competitive landscape of the market. The major market players have distribution channels and production facilities all over the world. New entrants have found it difficult to develop a foothold in the industry due to the existence of dominating incumbents. New and potential businesses, on the other hand, have been investing in R&D operations to compete in the business.

The trend of Health Consciousness Spur Market Growth

The global sustainable footwear market is growing at a lucrative rate. Factors such as an increase in environmental concerns, growing demand for eco-friendly products, and growing use of renewable resources are primarily fostering the growth of the global market. The footwear sector is expanding at a rapid rate. Growing demand from youngsters and millennials coupled with a rise in the standard of living and growing purchasing power are equally contributing to the growth of the market. In addition to this, athletes also predominantly prefer sustainable footwear. Sustainable footwear also provides several benefits such as reducing garbage, reducing water consumption, supporting brand building, and are unique & durable footwear.

In 2015, Nike recycled 92% of its total scrap and more than 70% of its shoes are made using recycled materials. In addition to this, sustainable footwear supports animal rights as no animals are killed to make fur or leather shoes and during the manufacturing process, there is no cruelty to animals. Thus, all these factors are boosting the growth of the global sustainable footwear market. Moreover, most of the brands are venturing to make sustainable footwear as it enables them to contribute to environmental conservation, ensure brand building, and get better recognition in the competitive market. This is also spurring the growth of the global market.

Furthermore, the use of advanced technologies in the manufacture of sustainable footwear may have tremendous opportunities for the growth of the global sustainable footwear market over the forecast period. However, the high cost of raw materials and lengthy production processes are likely to hamper the growth of the global sustainable footwear market.

Global Sustainable Footwear Market: Regional Analysis

Asia Pacific is estimated to lead the global sustainable footwear market in terms of revenue during the forecast period. Factors such as the growing demand for sustainable footwear from athletes, growing environmental concerns, increase in buying power, and changing lifestyle are fueling the growth of the market in this region. In addition to this, key marketing strategies and effective advertisements attracting consumers are also some of the factors that are augmenting the growth of the market in the Asia Pacific region.

North America is expected to contribute to a significant share of the market growth. This is attributed to the growing need for the conservation of renewable resources, the rise in demand from millennials for different types of shoes, and the rapid adoption of innovative products.

Global Sustainable Footwear Market: Competitive Players

Some of the key players in the Global Sustainable Footwear Market are Adidas Group, Amour Vert, Matisse Footwear, Native Shoes, Nisolo, Reformation, Rothy's, Threads 4 Thought, Tropic Feel, and Veja.

Browse the full “Global Sustainable Footwear Market By Type (Athletic and Non-Athletic), By End User (Men, Women and Children), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032” Report at https://www.zionmarketresearch.com/report/sustainable-footwear-market

Global Sustainable Footwear Market is segmented as follows:

By Type

• Athletic
• Non-Athletic

By End Use

• Men
• Women
• Children

By Region

• 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

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