Press release
Vegan Footwear Market to See Huge Growth by 2027 | Susi Studio, Veerah, Hexa Vegan Shoes
Vegan Footwear Market
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Summary
Global Vegan Footwear Market is valued approximately USD 23.21 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.20 % over the forecast period 2020-2027. Vegan Footwear are shoes made without any animal ingredients or by products such as wool, leather, silk, fur and more. The expansion of the ongoing trend of veganism from Kitchens to apparel and footwear industry drives the market for vegan footwear. The numerous benefits offered by these footwears fuel the market growth. Further, the growing awareness towards animal cruelty and rising demand for eco-friendly and ethical fashion augments the market growth. In September 2020, Dr. Martens collaborated with Fashion designer marc Jacob to create a limited -edition version of 1460 boot from vegan leather. Also, the nascent stage of the market not only attracts new manufacturers but also has attracted well established fashion brands to go vegan escalating the market growth. As in 2018 Guccio Gucci SpA announced to go fur free starting from its 2018 spring collection. Moreover, the benefit of reduced carbon footprint in vegan footwear production adds on to the growth rate owing to the growing environmental concerns and rising demand for sustainable production. However, lack of regulations and common standards impedes the growth of the market over the forecast period of 2020-2027. Although, representation of vegan footwear by celebrities presents a lucrative opportunity for the market. As in September 2020, Hollywood actress Catherine Zeta-Jones launched a vegan footwear collection in partnership with cruelty free brand Butterfly twists.
The regional analysis of global Vegan Footwear market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the wide spread vegan culture in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapidly increasing vegan culture create lucrative growth prospects for the Vegan Footwear market across Asia-Pacific region.
Major market player included in this report are:
Nike Inc.
Susi Studio
Adidas AG
Matt & Nat
Veerah
Hexa Vegan Shoes
AVESU GMBH
Beyond Skin UKamong
Ethletic
MooShoes
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Shoes
Sneakers
Boots
Sandals
Heels
Loafers
Others
By Material Type:
Microfibre
Polyurethane (PU)
Recycled Plastics
Recycled Polyester
Cotton
Natural Rubber
Hemp
Others
By End User:
Men
Women
Kids
Transgender
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Vegan Footwear Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Vegan Footwear Market, by Region, 2018-2027 (USD Billion)
1.2.2. Vegan Footwear Market, by Product Type, 2018-2027 (USD Billion)
1.2.3. Vegan Footwear Market, by Material Type, 2018-2027 (USD Billion)
1.2.4. Vegan Footwear Market, by End User, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Vegan Footwear Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Vegan Footwear Market Dynamics
3.1. Vegan Footwear Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Vegan Footwear Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Vegan Footwear Market, by Product Type
5.1. Market Snapshot
5.2. Global Vegan Footwear Market by Product Type, Performance - Potential Analysis
5.3. Global Vegan Footwear Market Estimates & Forecasts by Product Type 2017-2027 (USD Billion)
5.4. Vegan Footwear Market, Sub Segment Analysis
5.4.1. Shoes
5.4.2. Sneakers
5.4.3. Boots
5.4.4. Sandals
5.4.5. Heels
5.4.6. Loafers
5.4.7. Others
....Continued
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