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2021
Vegan Footwear Market

Vegan Footwear Market by End User (Men, Women, and Children), Material Type (Microfiber, Polyurethane, Recycled Plastics, and Others), and Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, and Online Stores): Global Opportunity Analysis and Industry Forecast 2021–2030

A14110
Pages: 283
Oct 2021 | 515 Views
   
Author(s) : Dinesh Thakur, Aniket Kadam , Roshan Deshmukh
Tables: 132
Charts: 65
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  • SIngle User License, Five User
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The global vegan footwear market size was valued at $157,898.2 million in 2020, and is projected to reach $300,199.6 million by 2030, registering a CAGR of 6.8% from 2021 to 2030.

Vegan footwear refers to the footwear that is made without using animal leather and made with eco-friendly materials. The rising cases of cruelty with animals, rising awareness regarding animal rights, growing concerns regarding plastic wastes, growing demand for sustainable products, and rising vegan population are some of the major factors responsible for driving the growth of the global vegan footwear market. Technological advancements in the footwear industry led to the development of various eco-friendly materials, such as microfiber, recycled plastics, faux fur, cotton, and polyurethane, that can be effectively used as a material for manufacturing of footwear products. 

Vegan-Footwear-Market-2021-2030

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Increasing government initiatives for reducing plastic wastes and carbon footprint has encouraged the footwear manufacturers to invest in the development of sustainable manufacturing methods. Players, such as Adidas, Reebok, and Puma, are increasingly adopting recycled plastics as a material for manufacturing footwear products. This perfectly serves the growing demand for eco-friendly and vegan products by consumers especially in developed markets such as North America and Europe. Consumers in the developed markets are highly aware of the deteriorating environmental conditions due to global warming and different types of pollution. Therefore, the demand for eco-friendly products is high among consumers in developed economies.

The rapidly growing vegan population is a major driver of the vegan footwear market. According to the Vegan Society, adopting pure veganism may help to reduce healthcare costs, avoid climate damages, and reduce greenhouse gas emissions. The growing awareness regarding the benefits of veganism is encouraging the global population to adopt veganism. Further, growing number of animal lovers, rising initiatives of NGOs, such as PETA, regarding animal abuse and animal rights, and growing trend of animal humanization are factors that are expected to propel the growth of the market.

The recycled plastic segment is estimated to foresee rapid traction during the forecast period. According to the United Nations, around 300 million tons of plastic wastes is generated annually. It is a major source of water pollution. Top market players are undertaking initiatives to use those plastic wastes to manufacture shoes. This method of recycling plastic wastes and utilizing it to manufacture footwear is a sustainable solution for the market players and it is expected to drive the vegan footwear market growth.

There are several factors that may restrict the growth of the global vegan footwear market. Lack of awareness regarding vegan footwear, high cost of vegan footwear, and availability of counterfeit footwear products in underdeveloped and developing markets are major restraining factors that may hamper the expansion of the market in the forthcoming years.

The outbreak of the COVID-19 pandemic adversely impacted the production and sales of the market. Lockdown measures implemented by the government resulted in supply chain disruptions, closure of production facilities, closure of retail outlets, and declined the demand for footwear among consumers as there were traveling restrictions.

Vegan Footwear Market
By End User

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Women segment helds the major share of 52.6% in 2020

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According to the global vegan footwear market analysis, the market is segmented on the basis of end user, material type, and distribution channel. On the basis of end user, the market is segregated into men, women, and children. On the basis of material type, it is classified into microfiber, polyurethane, recycled plastics, and others. On the basis of distribution channel, it market is divided into supermarkets/hypermarkets, specialty stores, e-commerce, and others.

On the basis of region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Spain, Netherlands, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and the rest of LAMEA).

Vegan Footwear Market
By Material Type

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Polyurethane segment helds the major share of 45.9% in 2020

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According to the vegan footwear market forecast, on the basis of end user, the women segment is expected to be the fastest-growing segment, owing to large variety of footwear available for women in the market. 

On the basis of material type, the polyurethane segment accounted for the highest market share due to factors such as easy to use and wide availability of polyurethane footwear in the market.

Vegan Footwear Market
By Distribution Channel

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Specialty Stores segment helds the major share of 62.9% in 2020

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As per the vegan footwear market trends, on the basis of distribution channel, the specialty stores segment collectively accounted for the largest vegan footwear market share in 2020 due to their increased popularity in developed markets such as North America and Europe.

Players operating in the market have used a variety of developmental strategies to expand their market share, exploit the vegan footwear market opportunities, and boost market profitability. The key players profiled in this report include Nike, Adidas, AVESU GmbH, Beyond Skin UK, Ethletic, Hexa Vegan Shoes, Matt & Nat, MooShoes, Susi Studio, and Veerah.

Vegan Footwear Market
By Region

2030
North America 
Europe
Asia Pacific
Lamea

North AmeriNorth America region helds the higest market share of 33.8% in 2020 ca region helds the higest market share of 33.8% in 2020

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Key Benefits For Stakeholders

  • The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2020 to 2030 to identify the prevailing opportunities.
  • 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 and the market size and segmentation assist to determine the prevailing market opportunities.
  • The major countries in each region are mapped according to their revenue contribution to the market. 
  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the vegan footwear industry.

Key Market Segments

By End User

  • Men
  • Women
  • Children

By Material Type

  • Microfiber
  • Polyurethane
  • Recycled Plastics
  • Others

By Distribution Channel

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Stores

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Netherlands
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • South Africa
    • Saudi Arabia
    • Rest of LAMEA
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets

3.3.Porter’s five forces analysis
3.4.Top player positioning, 2020
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Rapid increase in the vegan population
3.5.1.2.Growing environmental concerns among the consumers
3.5.1.3.Government rules and regulation toward leather products

3.5.2.Restraints

3.5.2.1.Availability of counterfeit products
3.5.2.2.Increased demand for leather

3.5.3.Opportunities

3.5.3.1.Rise in demand for fancy yet comfortable footwear
3.5.3.2.Increase in social media marketing

3.6.Impact of COVID-19
3.7.Value chain analysis
3.8.Supply chain analysis

CHAPTER 4:VEGAN FOOTWEAR MARKET, BY END USER

4.1.Overview

4.1.1.Market size and forecast

4.2.Men

4.2.1.Overview
4.2.2.Key market trends, growth factors, and opportunities
4.2.3.Market size and forecast

4.3.Women

4.3.1.Overview
4.3.2.Key market trends, growth factors, and opportunities
4.3.3.Market size and forecast

4.4.Children

4.4.1.Overview
4.4.2.Key market trends, growth factors, and opportunities
4.4.3.Market size and forecast

CHAPTER 5:VEGAN FOOTWEAR MARKET, BY MATERIAL TYPE

5.1.Overview

5.1.1.Market size and forecast

5.2.Microfiber

5.2.1.Overview
5.2.2.Key market trends, growth factors, and opportunities
5.2.3.Market size and forecast

5.3.Polyurethane

5.3.1.Overview
5.3.2.Key market trends, growth factors, and opportunities
5.3.3.Market size and forecast

5.4.Recycled plastics

5.4.1.Overview
5.4.2.Key market trends, growth factors, and opportunities
5.4.3.Market size and forecast

5.5.Others

5.5.1.Overview
5.5.2.Key market trends, growth factors, and opportunities
5.5.3.Market size and forecast

CHAPTER 6:VEGAN FOOTWEAR MARKET, BY DISTRIBUTION CHANNEL

6.1.Overview

6.1.1.Market size and forecast

6.2.Supermarkets & hypermarkets

6.2.1.Overview
6.2.2.Key market trends, growth factors, and opportunities
6.2.3.Market size and forecast

6.3.Convenience stores

6.3.1.Overview
6.3.2.Key market trends, growth factors, and opportunities
6.3.3.Market size and forecast

6.4.Specialty stores

6.4.1.Overview
6.4.2.Key market trends, growth factors, and opportunities
6.4.3.Market size and forecast

6.5.Online stores

6.5.1.Overview
6.5.2.Key market trends, growth factors, and opportunities
6.5.3.Market size and forecast

CHAPTER 7:VEGAN FOOTWEAR MARKET, BY REGION

7.1.Overview

7.1.1.Market size and forecast

7.2.North America

7.2.1.Overview
7.2.2.Key market trends, growth factors, and opportunities
7.2.3.Market size and forecast, by end user
7.2.4.Market size and forecast, by material type
7.2.5.Market size and forecast, by distribution channel
7.2.6.Market size and forecast, by country

7.2.6.1.U.S.

7.2.6.1.1.Market size and forecast, by end user
7.2.6.1.2.Market size and forecast, by material type
7.2.6.1.3.Market size and forecast, by distribution channel

7.2.6.2.Canada

7.2.6.2.1.Market size and forecast, by end user
7.2.6.2.2.Market size and forecast, by material type
7.2.6.2.3.Market size and forecast, by distribution channel

7.2.6.3.Mexico

7.2.6.3.1.Market size and forecast, by end user
7.2.6.3.2.Market size and forecast, by material type
7.2.6.3.3.Market size and forecast, by distribution channel

7.3.Europe

7.3.1.Overview
7.3.2.Key market trends, growth factors, and opportunities
7.3.3.Market size and forecast, by end user
7.3.4.Market size and forecast, by material type
7.3.5.Market size and forecast, by distribution channel
7.3.6.Market size and forecast, by country

7.3.6.1.UK

7.3.6.1.1.Market size and forecast, by end user
7.3.6.1.2.Market size and forecast, by material type
7.3.6.1.3.Market size and forecast, by distribution channel

7.3.6.2.Germany

7.3.6.2.1.Market size and forecast, by end user
7.3.6.2.2.Market size and forecast, by material type
7.3.6.2.3.Market size and forecast, by distribution channel

7.3.6.3.France

7.3.6.3.1.Market size and forecast, by end user
7.3.6.3.2.Market size and forecast, by material type
7.3.6.3.3.Market size and forecast, by distribution channel

7.3.6.4.Spain

7.3.6.4.1.Market size and forecast, by end user
7.3.6.4.2.Market size and forecast, by material type
7.3.6.4.3.Market size and forecast, by distribution channel

7.3.6.5.Netherlands

7.3.6.5.1.Market size and forecast, by end user
7.3.6.5.2.Market size and forecast, by material type
7.3.6.5.3.Market size and forecast, by distribution channel

7.3.6.6.Italy

7.3.6.6.1.Market size and forecast, by end user
7.3.6.6.2.Market size and forecast, by material type
7.3.6.6.3.Market size and forecast, by distribution channel

7.3.6.7.Rest of Europe

7.3.6.7.1.Market size and forecast, by end user
7.3.6.7.2.Market size and forecast, by material type
7.3.6.7.3.Market size and forecast, by distribution channel

7.4.Asia-Pacific

7.4.1.Overview
7.4.2.Key market trends, growth factors, and opportunities
7.4.3.Market size and forecast, by end user
7.4.4.Market size and forecast, by material type
7.4.5.Market size and forecast, by distribution channel
7.4.6.Market size and forecast, by country

7.4.6.1.China

7.4.6.1.1.Market size and forecast, by end user
7.4.6.1.2.Market size and forecast, by material type
7.4.6.1.3.Market size and forecast, by distribution channel

7.4.6.2.Japan

7.4.6.2.1.Market size and forecast, by end user
7.4.6.2.2.Market size and forecast, by material type
7.4.6.2.3.Market size and forecast, by distribution channel

7.4.6.3.India

7.4.6.3.1.Market size and forecast, by end user
7.4.6.3.2.Market size and forecast, by material type
7.4.6.3.3.Market size and forecast, by distribution channel

7.4.6.4.South Korea

7.4.6.4.1.Market size and forecast, by end user
7.4.6.4.2.Market size and forecast, by material type
7.4.6.4.3.Market size and forecast, by distribution channel

7.4.6.5.Australia

7.4.6.5.1.Market size and forecast, by end user
7.4.6.5.2.Market size and forecast, by material type
7.4.6.5.3.Market size and forecast, by distribution channel

7.4.6.6.Rest of Asia-Pacific

7.4.6.6.1.Market size and forecast, by end user
7.4.6.6.2.Market size and forecast, by material type
7.4.6.6.3.Market size and forecast, by distribution channel

7.5.LAMEA

7.5.1.Overview
7.5.2.Key market trends, growth factors, and opportunities
7.5.3.Market size and forecast, by end user
7.5.4.Market size and forecast, by material type
7.5.5.Market size and forecast, by distribution channel
7.5.6.Market size and forecast, by country

7.5.6.1.Brazil

7.5.6.1.1.Market size and forecast, by end user
7.5.6.1.2.Market size and forecast, by material type
7.5.6.1.3.Market size and forecast, by distribution channel

7.5.6.2.South Africa

7.5.6.2.1.Market size and forecast, by end user
7.5.6.2.2.Market size and forecast, by material type
7.5.6.2.3.Market size and forecast, by distribution channel

7.5.6.3.Saudi Arabia

7.5.6.3.1.Market size and forecast, by end user
7.5.6.3.2.Market size and forecast, by material type
7.5.6.3.3.Market size and forecast, by distribution channel

7.5.6.4.Rest of LAMEA

7.5.6.4.1.Market size and forecast, by end user
7.5.6.4.2.Market size and forecast, by material type
7.5.6.4.3.Market size and forecast, by distribution channel

CHAPTER 8:COMPETITION LANDSCAPE

8.1.Top winning strategies
8.2.Product mapping
8.3.Competitive dashboard
8.4.Competitive heat map
8.5.Key developments

8.5.1.Acquisition
8.5.2.Business Expansion
8.5.3.Product Launch

CHAPTER 9:COMPANY PROFILES

9.1.ADIDAS AG (ADIDAS)

9.1.1.Company overview
9.1.2.Key executives
9.1.3.Company snapshot
9.1.4.Operating business segments
9.1.5.Product portfolio
9.1.6.R&D expenditure
9.1.7.Business performance
9.1.8.Key strategic moves and developments

9.2.ASICS Corporation

9.2.1.Company overview
9.2.2.Key executives
9.2.3.Company snapshot
9.2.4.Product portfolio
9.2.5.Business performance
9.2.6.Key strategic moves and developments

9.3.AVESU GMBH

9.3.1.Company overview
9.3.2.Key Executives
9.3.3.Company snapshot
9.3.4.Product portfolio

9.4.Garmont International S.r.l.

9.4.1.Company overview
9.4.2.Key executives
9.4.3.Company snapshot
9.4.4.Product portfolio

9.5.Hexa Vegan Shoes

9.5.1.Company overview
9.5.2.Key Executives
9.5.3.Company snapshot
9.5.4.Product portfolio

9.6.Matt & Nat

9.6.1.Company overview
9.6.2.Key Executives
9.6.3.Company snapshot
9.6.4.Product portfolio

9.7.MooShoes

9.7.1.Company overview
9.7.2.Key Executives
9.7.3.Company snapshot
9.7.4.Product portfolio

9.8.NIKE, INC.

9.8.1.Company overview
9.8.2.Key executives
9.8.3.Company snapshot
9.8.4.Operating business segments
9.8.5.Product portfolio
9.8.6.Business performance
9.8.7.Key strategic moves and developments

9.9.PUMA SE

9.9.1.Company overview
9.9.2.Key executives
9.9.3.Company snapshot
9.9.4.Operating business segments
9.9.5.Product portfolio
9.9.6.R&D expenditure
9.9.7.Business performance

9.10.UNDER ARMOUR, INC.

9.10.1.Company overview
9.10.2.Key executives
9.10.3.Company snapshot
9.10.4.Operating business segments
9.10.5.Product portfolio
9.10.6.Business performance

LIST OF TABLES

TABLE 01.GLOBAL VEGAN FOOTWEAR MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 02.VEGAN FOOTWEAR MARKET REVENUE FOR MEN, BY REGION, 2020–2030 ($MILLION)
TABLE 03.VEGAN FOOTWEAR MARKET REVENUE FOR WOMEN, BY REGION, 2020–2030 ($MILLION)
TABLE 04.VEGAN FOOTWEAR MARKET REVENUE FOR CHILDREN, BY REGION, 2020–2030 ($MILLION)
TABLE 05.GLOBAL VEGAN FOOTWEAR MARKET REVENUE, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 06.VEGAN FOOTWEAR MARKET REVENUE FOR MICROFIBER, BY REGION, 2020–2030 ($MILLION)
TABLE 07.VEGAN FOOTWEAR MARKET REVENUE FOR POLYURETHANE, BY REGION, 2020–2030 ($MILLION)
TABLE 08.VEGAN FOOTWEAR MARKET REVENUE FOR RECYCLED PLASTICS, BY REGION, 2020–2030 ($MILLION)
TABLE 09.VEGAN FOOTWEAR MARKET REVENUE FOR OTHERS, BY REGION, 2020–2030 ($MILLION)
TABLE 10.GLOBAL VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 11.VEGAN FOOTWEAR MARKET REVENUE FOR SUPERMARKETS & HYPERMARKETS, BY REGION, 2020–2030 ($MILLION)
TABLE 12.VEGAN FOOTWEAR MARKET REVENUE FOR CONVENIENCE STORES, BY REGION, 2020–2030 ($MILLION)
TABLE 13.VEGAN FOOTWEAR MARKET REVENUE FOR SPECIALTY STORES, BY REGION, 2020–2030 ($MILLION)
TABLE 14.VEGAN FOOTWEAR MARKET REVENUE FOR ONLINE STORES, BY REGION, 2020–2030 ($MILLION)
TABLE 15.VEGAN FOOTWEAR MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 16.NORTH AMERICA VEGAN FOOTWEAR MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 17.NORTH AMERICA VEGAN FOOTWEAR MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 18.NORTH AMERICA VEGAN FOOTWEAR MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 19.NORTH AMERICA VEGAN FOOTWEAR MARKET REVENUE, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 20.U.S. VEGAN FOOTWEAR MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 21.U.S. VEGAN FOOTWEAR MARKET REVENUE, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 22.U.S. VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 23.CANADA VEGAN FOOTWEAR MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 24.CANADA VEGAN FOOTWEAR MARKET REVENUE, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 25.CANADA VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 26.MEXICO VEGAN FOOTWEAR MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 27.MEXICO VEGAN FOOTWEAR MARKET REVENUE, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 28.MEXICO VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 29.EUROPE VEGAN FOOTWEAR MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 30.EUROPE VEGAN FOOTWEAR MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 31.EUROPE VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 32.EUROPE VEGAN FOOTWEAR MARKET REVENUE, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 33.UK VEGAN FOOTWEAR MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 34.UK VEGAN FOOTWEAR MARKET REVENUE, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 35.UK VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 36.GERMANY VEGAN FOOTWEAR MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 37.GERMANY VEGAN FOOTWEAR MARKET REVENUE, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 38.GERMANY VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 39.FRANCE VEGAN FOOTWEAR MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 40.FRANCE VEGAN FOOTWEAR MARKET REVENUE, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 41.FRANCE VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 42.SPAIN VEGAN FOOTWEAR MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 43.SPAIN VEGAN FOOTWEAR MARKET REVENUE, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 44.SPAIN VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 45.NETHERLANDS VEGAN FOOTWEAR MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 46.NETHERLANDS VEGAN FOOTWEAR MARKET REVENUE, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 47.NETHERLANDS VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 48.ITALY VEGAN FOOTWEAR MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 49.ITALY VEGAN FOOTWEAR MARKET REVENUE, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 50.ITALY VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 51.REST OF EUROPE VEGAN FOOTWEAR MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 52.REST OF EUROPE VEGAN FOOTWEAR MARKET REVENUE, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 53.REST OF EUROPE VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 54.ASIA-PACIFIC VEGAN FOOTWEAR MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 55.ASIA-PACIFIC VEGAN FOOTWEAR MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 56.ASIA-PACIFIC VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 57.ASIA-PACIFIC VEGAN FOOTWEAR MARKET REVENUE, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 58.CHINA VEGAN FOOTWEAR MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 59.CHINA VEGAN FOOTWEAR MARKET REVENUE, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 60.CHINA VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 61.JAPAN VEGAN FOOTWEAR MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 62.JAPAN VEGAN FOOTWEAR MARKET REVENUE, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 63.JAPAN VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 64.INDIA VEGAN FOOTWEAR MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 65.INDIA VEGAN FOOTWEAR MARKET REVENUE, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 66.INDIA VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 67.SOUTH KOREA VEGAN FOOTWEAR MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 68.SOUTH KOREA VEGAN FOOTWEAR MARKET REVENUE, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 69.SOUTH KOREA VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 70.AUSTRALIA VEGAN FOOTWEAR MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 71.AUSTRALIA VEGAN FOOTWEAR MARKET REVENUE, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 72.AUSTRALIA VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 73.REST OF ASIA-PACIFIC VEGAN FOOTWEAR MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 74.REST OF ASIA-PACIFIC VEGAN FOOTWEAR MARKET REVENUE, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 75.REST OF ASIA-PACIFIC VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 76.LAMEA VEGAN FOOTWEAR MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 77.LAMEA VEGAN FOOTWEAR MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 78.LAMEA VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 79.LAMEA VEGAN FOOTWEAR MARKET REVENUE, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 80.BRAZIL VEGAN FOOTWEAR MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 81.BRAZIL VEGAN FOOTWEAR MARKET REVENUE, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 82.BRAZIL VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 83.SOUTH AFRICA VEGAN FOOTWEAR MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 84.SOUTH AFRICA VEGAN FOOTWEAR MARKET REVENUE, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 85.SOUTH AFRICA VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 86.SAUDI ARABIA VEGAN FOOTWEAR MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 87.SAUDI ARABIA VEGAN FOOTWEAR MARKET REVENUE, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 88.SAUDI ARABIA VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 89.REST OF LAMEA VEGAN FOOTWEAR MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 90.REST OF LAMEA VEGAN FOOTWEAR MARKET REVENUE, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 91.REST OF LAMEA VEGAN FOOTWEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 92.ADIDAS AG (ADIDAS): KEY EXECUTIVES
TABLE 93.ADIDAS AG (ADIDAS): COMPANY SNAPSHOT
TABLE 94.ADIDAS AG (ADIDAS): OPERATING SEGMENTS
TABLE 95.ADIDAS AG (ADIDAS): PRODUCT PORTFOLIO
TABLE 96.ADIDAS AG (ADIDAS): R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 97.ADIDAS AG (ADIDAS): NET SALES, 2018–2020 ($MILLION)
TABLE 98.ASICS CORPORATION: KEY EXECUTIVES
TABLE 99.ASICS CORPORATION: COMPANY SNAPSHOT
TABLE 100.ASICS CORPORATION: PRODUCT PORTFOLIO
TABLE 101.ASICS CORPORATION: NET SALES, 2018–2020 ($MILLION)
TABLE 102.AVESHU GMBH: KEY EXECUTIVES
TABLE 103.AVESHU GMBH: COMPANY SNAPSHOT
TABLE 104.AVESHU GMBH: PRODUCT PORTFOLIO
TABLE 105.GARMONT INTERNATIONAL S.R.L.: KEY EXECUTIVES
TABLE 106.GARMONT INTERNATIONAL S.R.L.: COMPANY SNAPSHOT
TABLE 107.GARMONT INTERNATIONAL S.R.L.: PRODUCT PORTFOLIO
TABLE 108.HEXA VEGAN SHOES: KEY EXECUTIVES
TABLE 109.HEXA VEGAN SHOES: COMPANY SNAPSHOT
TABLE 110.HEXA VEGAN SHOES: PRODUCT PORTFOLIO
TABLE 111.MATT & NAT: KEY EXECUTIVES
TABLE 112.MATT & NAT: COMPANY SNAPSHOT
TABLE 113.MATT & NAT: PRODUCT PORTFOLIO
TABLE 114.MOOSHOES: KEY EXECUTIVES
TABLE 115.MOOSHOES: COMPANY SNAPSHOT
TABLE 116.MOOSHOES: PRODUCT PORTFOLIO
TABLE 117.NIKE, INC.: KEY EXECUTIVES
TABLE 118.NIKE, INC.: COMPANY SNAPSHOT
TABLE 119.NIKE, INC.: OPERATING SEGMENTS
TABLE 120.NIKE, INC.: PRODUCT PORTFOLIO
TABLE 121.NIKE, INC.: NET SALES, 2018–2020 ($MILLION)
TABLE 122.PUMA SE: KEY EXECUTIVES
TABLE 123.PUMA SE: COMPANY SNAPSHOT
TABLE 124.PUMA SE: OPERATING SEGMENTS
TABLE 125.PUMA SE: PRODUCT PORTFOLIO
TABLE 126.PUMA SE: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 127.PUMA SE: NET SALES, 2018–2020 ($MILLION)
TABLE 128.UNDER ARMOUR, INC.: KEY EXECUTIVES
TABLE 129.UNDER ARMOUR, INC.: COMPANY SNAPSHOT
TABLE 130.UNDER ARMOUR, INC.: OPERATING SEGMENTS
TABLE 131.UNDER ARMOUR, INC.: PRODUCT PORTFOLIO
TABLE 132.UNDER ARMOUR, INC.: NET SALES, 2018–2020 ($MILLION)

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENT
FIGURE 02.GLOBAL VEGAN FOOTWEAR MARKET SNAPSHOT, 2020-2030
FIGURE 03.TOP INVESTMENT POCKETS
FIGURE 04.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 05.MODERATE BARGAINING POWER OF BUYERS
FIGURE 06.MODERATE THREAT OF NEW ENTRANTS
FIGURE 07.HIGH THREAT OF SUBSTITUTION
FIGURE 08.MODERATE INTENSITY OF RIVALRY
FIGURE 09.TOP PLAYER POSITIONING, 2020
FIGURE 10.VEGAN FOOTWEAR MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 11.VALUE CHAIN ANALYSIS
FIGURE 12.SUPPLY CHAIN ANALYSIS
FIGURE 13.VEGAN FOOTWEAR MARKET, BY END USER, 2020 (%)
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF VEGAN FOOTWEAR MARKET REVENUE FOR MEN, BY COUNTRY, 2020 & 2030 (%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF VEGAN FOOTWEAR MARKET REVENUE FOR WOMEN, BY COUNTRY, 2020 & 2030 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF VEGAN FOOTWEAR MARKET REVENUE FOR CHILDREN, BY COUNTRY, 2020 & 2030 (%)
FIGURE 17.VEGAN FOOTWEAR MARKET, BY MATERIAL TYPE, 2020 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF VEGAN FOOTWEAR MARKET REVENUE FOR MICROFIBER, BY COUNTRY, 2020 & 2030 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF VEGAN FOOTWEAR MARKET REVENUE FOR POLYURETHANE, BY COUNTRY, 2020 & 2030 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF VEGAN FOOTWEAR MARKET REVENUE FOR RECYCLED PLASTICS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF VEGAN FOOTWEAR MARKET REVENUE FOR OTHERS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 22.VEGAN FOOTWEAR MARKET, BY DISTRIBUTION CHANNEL, 2020 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF VEGAN FOOTWEAR MARKET REVENUE FOR SUPERMARKETS & HYPERMARKETS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF VEGAN FOOTWEAR MARKET REVENUE FOR CONVENIENCE STORES, BY COUNTRY, 2020 & 2030 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF VEGAN FOOTWEAR MARKET REVENUE FOR SPECIALTY STORES, BY COUNTRY, 2020 & 2030 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF VEGAN FOOTWEAR MARKET REVENUE FOR ONLINE STORES, BY COUNTRY, 2020 & 2030 (%)
FIGURE 27.VEGAN FOOTWEAR MARKET, BY REGION, 2020 (%)
FIGURE 28.U.S. VEGAN FOOTWEAR MARKET, 2020–2030 ($MILLION)
FIGURE 29.CANADA VEGAN FOOTWEAR MARKET, 2020–2030 ($MILLION)
FIGURE 30.MEXICO VEGAN FOOTWEAR MARKET, 2020–2030 ($MILLION)
FIGURE 31.UK VEGAN FOOTWEAR MARKET, 2020–2030 ($MILLION)
FIGURE 32.GERMANY VEGAN FOOTWEAR MARKET, 2020–2030 ($MILLION)
FIGURE 33.FRANCE VEGAN FOOTWEAR MARKET, 2020–2030 ($MILLION)
FIGURE 34.SPAIN VEGAN FOOTWEAR MARKET, 2020–2030 ($MILLION)
FIGURE 35.NETHERLANDS VEGAN FOOTWEAR MARKET, 2020–2030 ($MILLION)
FIGURE 36.ITALY VEGAN FOOTWEAR MARKET, 2020–2030 ($MILLION)
FIGURE 37.REST OF EUROPE VEGAN FOOTWEAR MARKET, 2020–2030 ($MILLION)
FIGURE 38.CHINA VEGAN FOOTWEAR MARKET, 2020–2030 ($MILLION)
FIGURE 39.JAPAN VEGAN FOOTWEAR MARKET, 2020–2030 ($MILLION)
FIGURE 40.INDIA VEGAN FOOTWEAR MARKET, 2020–2030 ($MILLION)
FIGURE 41.SOUTH KOREA VEGAN FOOTWEAR MARKET, 2020–2030 ($MILLION)
FIGURE 42.AUSTRALIA VEGAN FOOTWEAR MARKET, 2020–2030 ($MILLION)
FIGURE 43.REST OF ASIA-PACIFIC VEGAN FOOTWEAR MARKET, 2020–2030 ($MILLION)
FIGURE 44.BRAZIL VEGAN FOOTWEAR MARKET, 2020–2030 ($MILLION)
FIGURE 45.SOUTH AFRICA VEGAN FOOTWEAR MARKET, 2020–2030 ($MILLION)
FIGURE 46.SAUDI ARABIA VEGAN FOOTWEAR MARKET, 2020–2030 ($MILLION)
FIGURE 47.REST OF LAMEA VEGAN FOOTWEAR MARKET, 2020–2030 ($MILLION)
FIGURE 48.TOP WINNING STRATEGIES, BY YEAR, 2018–2021*
FIGURE 49.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018–2021* (%)
FIGURE 50.TOP WINNING STRATEGIES, BY COMPANY, 2018–2021*
FIGURE 51.PRODUCT MAPPING OF TOP 10 KEY PLAYERS
FIGURE 52.COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERS
FIGURE 53.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
FIGURE 54.ADIDAS AG (ADIDAS): R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 55.ADIDAS AG (ADIDAS): NET SALES, 2018–2020 ($MILLION)
FIGURE 56.ADIDAS AG (ADIDAS): REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 57.ASICS CORPORATION: NET SALES, 2018–2021 ($MILLION)]
FIGURE 58.ASICS CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 59.NIKE, INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 60.NIKE, INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 61.PUMA SE: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 62.PUMA SE: NET SALES, 2018–2020 ($MILLION)
FIGURE 63.PUMA SE: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 64.UNDER ARMOUR, INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 65.UNDER ARMOUR, INC.: REVENUE SHARE BY SEGMENT, 2020 (%)

 
 

Based on the insights of the top CXOs, with rise in internet penetration, the number of social media users has increased considerably. Taking this into consideration, most of the key players in the vegan footwear market strategize on promoting their products and services on the social media platforms such as Facebook, YouTube, Instagram, Pinterest, and Google. Social media marketing is one of the major strategies adopted by various companies and industries on imparting awareness about the growing environmental concerns, benefits of vegan footwear, and vegan product offerings among target customers on social media channels. Thus, through social media marketing strategy, global vegan footwear market sights critical opportunity in gaining traction and increasing its customer reach among its target segments.

The CXOs further added that high prices and rise in popularity of footwear brands such as Nike, Adidas, and Puma have led to the advent of counterfeit brands. Counterfeit brands are usually available in developing economies where customers are highly price-sensitive. This factor hampers the sale of the existing original vegan footwear brands in these economies. Counterfeit brands are of low quality, and often lead to inconvenience & safety issues that subsequently develop negative perceptions among customers. Online distribution channel is one of the major platforms where transaction of counterfeited brands can be easily be concealed. The rapid growth of various new online platforms that claims to offer branded footwear at huge discounts can easily influence the less aware consumers and may offer counterfeit footwear products to the consumers. Thus, development of the counterfeit industry is anticipated to hamper the growth of the vegan footwear market.

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A. The vegan footwear market was valued at $157,898.2 million in 2020, and is estimated to reach $300,199.6 million by 2030, growing at a CAGR of 6.8% during the forecast period. The rising demand for sustainable products among the consumers is fostering the market growth.

A. The forecast period estimated in the global vegan footwear market report is 2021 to 2030. The report provides a detailed study about the current market trends and future market opportunities along with the future market estimations.

A. The base year calculated in the global vegan footwear market report is 2020. The year 2020 was an exceptional year characterized by the outbreak of the COVID-19 pandemic that changed the consumer behavior significantly. The report provides a detailed study about the impact of COVID-19 on the global vegan footwear market.

A. Players operating in the market have used a variety of developmental strategies to expand their market share, exploit the vegan footwear market opportunities, and boost market profitability. The key players profiled in this report include Nike, Adidas, AVESU GmbH, Beyond Skin UK, Ethletic, Hexa Vegan Shoes, Matt & Nat, MooShoes, Susi Studio, and Veerah.

A. According to the vegan footwear market forecast, on the basis of end user, the women segment is expected to be the fastest-growing segment, owing to large variety of footwear available for women in the market.

A. Europe was the dominating market in 2020 owing to the increased consumer awareness regarding vegan products, animal rights, eco-friendly products, and high demand for the sustainable and eco-friendly solutions among the consumers.

A. Players operating in the market have used a variety of developmental strategies to expand their market share, exploit the vegan footwear market opportunities, and boost market profitability. The key players profiled in this report include Nike, Adidas, AVESU GmbH, Beyond Skin UK, Ethletic, Hexa Vegan Shoes, Matt & Nat, MooShoes, Susi Studio, and Veerah.

A. The vegan footwear market was valued at $157,898.2 million in 2020, and is estimated to reach $300,199.6 million by 2030, growing at a CAGR of 6.8% during the forecast period. Rising awareness regarding animal rights and growing popularity of humanization of animals is fostering the growth of the global vegan footwear market.

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