Sustainable Footwear Market

The global sustainable footwear market was valued at $7.7 billion in 2020, and is projected to reach $13.3 billion by 2030, registering a CAGR of 5.7% from 2021 to 2030. 

Sustainable footwear is mostly made up of recyclable waste and are manufactured by eco-friendly production process. Thus, these sustainable footwear gives a positive contribution to the environment. These footwear minimizes toxic waste due to the use of recycled materials. The production of sustainable footwear involves less use of water & harmful chemicals. Use of sustainable footwear has been readily gaining popularity among the consumers, which is attributed to the fact that sustainable footwear easily available through online stores. In addition, these sustainable footwear are easily available through various sales channels including online stores, supermarkets, hypermarkets, specialty stores, and others, which, in turn, contributes towards the sustainable footwear market growth. Rise in demand among children for a wide variety of footwear, including flip-flops, sandals, and boots , manufacturers are also continuously launching sustainable footwear for children in the market which in turn augments the growth of the global market.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic has shown a negative impact on the market. 

The COVID-19 pandemic has not only hampered production facilities but also disrupted supply chains such as material suppliers and distributors of the sustainable footwear market globally, resulting in loss of business, in terms of value sales.

Trade restrictions imposed by several countries across the globe to curb the outbreak of COVID-19 has significantly affected global logistics and transportation, which has affected the sustainable footwear market.

The global sustainable footwear market segments are categorized into product type, demographics, distribution channel, and region. By product type, it is classified into athletic and non-athletic. By demographics, it is divided into men, women and kids. On the basis of distribution channel, it is segregated into specialty stores, supermarkets/hypermarkets, online stores, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, India, Australia & New Zealand, Japan, South Korea, ASEAN, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Argentina, and Rest of LAMEA).

By application, the non- athletic segment accounted for the highest sustainable footwear market share in 2020, and is expected to remain its dominance during the sustainable footwear market forecast period. This is attributable to the fact that the sustainable non-athletic footwear market is dominated by the presence of a wide range of footwear encompassing sandals, heels, wedges and others launched by the manufacturers by using recycled materials which are getting popularity among environment conscious consumers. 

By demographics, the women segment accounted for the highest market share in the global sustainable footwear market in 2020. This is attributable to the fact that sustainable footwear for women is becoming a very popular among women. Increase in number of working women worldwide is fueling the demand for trendy and stylish sustainable footwear, which can be used for formal as well as casual occasions.  Thus, sustainable footwear have become a new trend in the footwear industry. However, men segment is expected to be the fastest growing segment during the sustainable footwear market forecast period in terms of value sales.

By distribution channel, the specialty store segment accounted for the highest market share in the global sustainable footwear market in 2020. This is attributable to heavy discounts offered by specialty stores their customers that boosts sales of sustainable footwear through specialty stores across the globe, which notably contributes toward growth of the overall market. However, the online store segment is expected to be the fastest growing segment during the forecast period, in terms of value sales. 

Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the highest market share in 2020. Rise in number of of population along with growing environment conscious consumers in this region which has driven sales of sustainable footwear ultimately contributing toward growth of the overall market. However, Europe is expected to be the fastest growing region during the forecast period.

Key players operating in the global sustainable footwear market focus on prominent strategies to overcome competition and maintain as well as improve their share worldwide. Some of the major players in the global industry analyzed in this report include Adidas group, Nike Inc., New Balance, GIESSWEIN, Reebok, Native shoes, Rothy’s, Reformation, Amour Vert, and MATISSE FOOTWEAR.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the current sustainable footwear market trends, estimations, and dynamics of the market for the period of 2020–2030 to identify prevailing market opportunities.
• The key countries in four major regions have been mapped based on their market share.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis of the market segmentation assists to determine prevailing sustainable footwear market opportunities.
• Major countries in each region have been mapped according to their revenue contribution to the global sustainable footwear industry. 
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of market players.
• The report includes both regional as well as global the sustainable footwear market analysis, key players, market segments, product type, gender areas, and sustainable footwear market growth strategies.

 Sustainable Footwear Market Report Highlights