What are the recent trends in market size and growth for the vegan footwear market?
The vegan footwear market size has grown strongly in recent years. It will grow from $29.42 billion in 2024 to $32.24 billion in 2025 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to ethical consumerism, animal welfare concerns, environmental consciousness, sustainable fashion movement, fashion industry endorsement.
The vegan footwear market size is expected to see strong growth in the next few years. It will grow to $45.57 billion in 2029 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to global expansion of veganism, fashion industry sustainability goals, corporate social responsibility increased availability and variety, consumer awareness and education. Major trends in the forecast period include innovation in vegan materials, collaborations and partnerships, recycled and upcycled materials, online platforms and direct-to-consumer models, celebrity endorsements.
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What key drivers have fueled the vegan footwear market’s development over the years?
The growing demand for eco-friendly shoes is expected to propel the growth of the vegan footwear market. Eco-friendly shoes, also known as sustainable shoes, are footwear designed and manufactured with minimal environmental impact throughout their lifecycle, from material sourcing and production to use and disposal. Vegan footwear plays a significant role in the world of eco-friendly shoes by utilizing recycled materials like plastic bottles, cork, or algae, reducing reliance on virgin resources. For instance, in October 2023, a U.S-based according to Runrepeate statics the sustainable footwear industry is expected to grow by 6.8%, reaching $9.4 billion in 2023, with projections of $13.3 billion by 2030, and around 62.7% of all sustainable footwear products being non-athletic. Therefore, the rising demand for eco-friendly shoes is driving the growth of the vegan footwear market.
What is the segmentation for the vegan footwear market?
The vegan footwear market covered in this report is segmented –
1) By Product Type: Shoes, Sneakers, Boots, Sandals, Heels, Other Product Types
2) By Material Type: Microfiber, Polyurethane (Pu), Cotton, Natural Rubber, Hemp, Other Material Types
3) By Sales Channel: Direct, Indirect
4) By Distribution Channel: Super markets Or Hyper markets, Convenience Stores, Specialty Stores, Online Stores
5) By End User: Men, Women, Children
Subsegments:
1) By Shoes: Loafers, Oxfords, Ballet Flats, Casual Shoes
2) By Sneakers: Athletic Sneakers, Lifestyle Sneakers, High-Top Sneakers, Slip-On Sneakers
3) By Boots: Ankle Boots, Knee-High Boots, Chelsea Boots, Combat Boots
4) By Sandals: Flip-Flops, Slide Sandals, Gladiator Sandals, Sport Sandals
5) By Heels: Pumps, Wedges, Stilettos, Block Heels
6) By Other Product Types: Slippers, Clogs, Specialty Footwear
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Who are the most influential companies in the vegan footwear market?
Major companies operating in the vegan footwear market include Nike Inc., Adidas AG, Allbirds Inc., Kenneth Cole Productions, Veerah LLC, MooShoes, Veja, Issey Miyake Shoes GmbH, Native canada footwear Ltd., Taylor + Thomas, Nae Vegan shoes, Ahinsa Shoes Inc., Matt & Nat, AVESU GMBH, Saola Shoes, Noah Shoes, Etiko, Brave Soles, Beyond Skin Vegan shoes, Bourgeois Boheme Shoes, Rungg Shoes, Susy Shoes, Altercore Shoes, GoodGuysdontwearleather, Hexa Shoes, Sydney Brown LLC, Vegetarian Shoes, Virón world, Wills Vegan Shoes
What are the top industry trends projected to impact the vegan footwear market?
Major companies in the vegan footwear market are focused on developing vegan shoe collections made by utilizing cruelty-free materials, such as synthetic material, to provide sustainable fashion and gain a competitive edge in the market. Synthetic material is a man-made substance created through chemical processes, designed to mimic or replace natural materials. For instance, in June 2023, Adidas, a Germany-based apparel company, launched EQT93 Plant and Grow sandals, a vegan shoe collection featuring a nature-inspired color scheme and a speckled rubber sole mimicking soil texture. the sandals utilize synthetic materials for the upper, emphasizing Adidas’ commitment to cruelty-free alternatives. The design draws inspiration from community gardening projects, reflecting Adidas’ focus on sustainability and ethical practices.
What are the major regional insights for the vegan footwear market, and which region holds the top position?
The countries covered in the vegan footwear market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Vegan Footwear Market Report 2025 Offer?
The vegan footwear market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
The 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.
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