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Vegan Footwear Market is Estimated to Grow at a CAGR of 7.98% within the forecast period of 2023-2030: Cognitive Market Research
Vegan Footwear Market is Estimated to Grow at a CAGR of 7.98% within the forecast period of 2023-2030: Cognitive Market Research
- Vegan Footwear refers to footwear made without the utilization of animal products like wool, silk, fur, leather, or shearling. It is manufactured using various synthetic fabrics such as polyurethane, microfiber, and others.
Summary:
• Global Vegan Footwear market was valued at USD 40.9 Bn in 2023 and is expected to exhibit a CAGR of 7.98% during the forecast period.
• North America is expected to account for the largest revenue share in the global market
• The microfiber material type segment is anticipated to drive the growth of the global market.
To know more The Vegan Footwear Market statistics click here: https://www.cognitivemarketresearch.com/vegan-footwear-market-report
Global Vegan Footwear Market Dynamics
- Increasing cases of cruelty with animals and rising awareness regarding animal rights is the major factor that drives the growth of the global vegan footwear market. In addition, increasing government initiatives for reducing plastic waste and carbon footprint are anticipated to boost the demand for the global market. Furthermore, increasing investments in R&D activities and rapid advancements in production techniques are expected to provide opportunities for the global market. However, the lack of awareness regarding vegan footwear, and the high cost of vegan footwear may hamper the growth of the global market.
Global Vegan Footwear Market Scope
- Product Type
• Shoes
• Sandals
• Heels
• Flats
• Sneakers
The shoe segment is anticipated to drive the demand for the growth of the global market. Growing demand for eco-friendly shoes among all age groups drives the demand for the global market.
- Material Type
• Microfiber
• Polyurethane
• Recycled Plastics
• Others
The microfiber material type segment is anticipated to drive the growth of the global market. This is attributed to the microfiber leather is made to withstand severe weather conditions as well as wear and tear long distance walking and running.
- End-use
• Children
• Male
• Female
- Distribution Channel
• Offline
• Online
Offline segment is divided into supermarket and hypermarket. The online store segment is anticipated to grow the global market with the highest revenue share. This is attributed to the rapidly growing e-commerce sector.
- Competitive Analysis for Vegan Footwear Market: Susi Studio, Ethletic, Beyond Skin UK Adidas AG, MooShoes, Matt & Nat, Hexa Vegan Shoes, Nike, Veerah, AVESU SMBH.
Get free sample pages of latest published Vegan Footwear Market Report: https://www.cognitivemarketresearch.com/vegan-footwear-market-report
Regional Analysis:
- North America is expected to account for the largest revenue share in the global market. This is attributed to the increasing number of vegans across the region and the growing demand for eco-friendly and vegan products in the country in the region. Furthermore, Asia Pacific is anticipated to register significant growth in terms of growth rate. Emerging demand in veganism and growing concern about animal cruelty fuel demand for the target market.
News:
- February 2021,
Allbirds is a New Zealand-American company that manufactured eco-friendly shoes.
Allbirds, a New Zealand-American company that produced eco-friendly shoes, clothing, and flats made of natural materials such as eucalyptus and merino wool, invested $2 million in a new company called Natural Fiber Welding Inc. The goal of this investment is to create a plant-based leather substitute for leather footwear.
April 2021,
Reebok announced the launch of sustainable vegan training and running shoes.
Reebok introduced two sustainable vegan training and running shoes, Floatride Energy GROW and Nano X1 Vegan. These USDA-certified shoes are constructed of natural rubber, bloom algae, eucalyptus bark, and castor bean oil.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Vegan Footwear Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Vegan Footwear Market Segmentation
1.5.1 Vegan Footwear Market Regional Fragmentation
1.5.1 Vegan Footwear Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Vegan Footwear Market
• 3.1 Global Vegan Footwear Market Size 2018 - 2030, (USD Million)
• 3.2 Global Vegan Footwear Market Statistics 2022: Snapshot
Chapter 4 Global Vegan Footwear Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Vegan Footwear Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Vegan Footwear Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Vegan Footwear Market by By End-use Segmentation Analysis (2018-2030)
Chapter 11 Global Vegan Footwear Market by By Distribution Channel Segmentation Analysis (2018-2030)
Chapter 12 Global Vegan Footwear Market Regional Analysis
Chapter 13 North America Vegan Footwear Market Outlook (2018 - 2030)
Chapter 14 Europe Vegan Footwear Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Vegan Footwear Market Outlook (2018 - 2030)
Chapter 16 Latin America Vegan Footwear Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Vegan Footwear Market Outlook (2018 - 2030)
Chapter 18 Research Findings
To know more Vegan Footwear Market TOC click here: https://www.cognitivemarketresearch.com/vegan-footwear-market-report#table_of_contents
Related Report:
• Footwear Sole Material Market- https://www.cognitivemarketresearch.com/footwear-sole-material-market-report
• Industrial Protective Footwear Market- https://www.cognitivemarketresearch.com/industrial-protective-footwear-market-report
• Athletic Footwear Market- https://www.cognitivemarketresearch.com/athletic-footwear-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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