Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 10.1 Billion | USD 23.2 Billion | 8.1% | 2022 |
FrequentlyAsked Questions
Shoe polish is a product that is utilized for polishing leather shoes & boots for giving them a shiny appearance. In addition to this, it protects the surface of footwear along with enhancing its appearance. Moreover, shoe polish is available in liquid, cream, and waxy paste forms and is applied to shoes with the help of a brush. Furthermore, the rise in demand and sale of shoes globally will enhance the popularity as well as the purchase of shoe polish.
The global shoe polish market is projected to expand over 2023-2030 due to a rise in promotional activities, competition, and key business expansion strategies implemented by major players for capturing the major part of the shoe polish business in emerging economies.
According to study, the global shoe polish market size was $10.1 billion in 2022 and is projected to reach $23.2 billion by the end of 2030.
The global shoe polish market is anticipated to record a CAGR of nearly 8.1% from 2023 to 2030.
The Asia-Pacific shoe polish industry is set to account for a major market share in the upcoming years subject to as a result of an increase in the spending on footwear and clothing as well as the presence of key product manufacturers in countries including India, Indonesia, Thailand, Bangladesh, and China.
The global shoe polish market is led by players like Cadillac Products, Tacco Products, Timpson Shoe Polish, Moneysworth & Best, Angelus Shoe Polish, Kiwi Brands Limited, Cadillac Shoe Products Inc., Fiebeng, S. C. Johnson & Son, Lexol Products, Cherry Blossom, Sof Sole Products, C.P. Marketing Inc., AVEL, TRG Shoe Cream, VOGLAUER, Griffin Shoe Care, Tarrago Brands International, Penguin Products, C.A. Zoes Mfg Co., Lincoln, and Shinola.
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