Global Vegan Footwear Market to Reach US$ 75.7 Bn by 2030, Says Coherent Market Insights (CMI) – World News Report

/EIN News/ — Burlingame, Jan. 17, 2023 (GLOBE NEWSWIRE) — The global vegan footwear market was valued at US$ 40.4 Bn in 2021 and is expected to exhibit a CAGR of 7.23% during the forecast period (2022-2030).

Key Trends and Analysis of the Global Vegan Footwear Market:

During the forecast period, the growing technological advancement in footwear industry accelerate to the development of various eco-friendly materials such as microfiber, recycled plastics, and others. Due to the faster growing industry and changing patterns of lifestyle can boost the market growth. For Instance, in 2020, Adidas AG, announced their partnership with Beastie Boys an American hip hop group has launched ‘Adidas Skateboarding X’, a vegan sneaker. Additionally, On 25 February 2021, a New Zealand-American company invested $2 million in a new company called Natural Fibre Welding Inc. that manufactures eco-friendly shoes, flats, and clothes.

In the vegan footwear, increasing the number of new startups which offering vegan footwear and expansion of footwear industry will further expand the vegan footwear in the country. Due to the availability of shoes, flats, heels, etc. vegan footwear has seen essential growth in the vegan footwear market. For instance, in 2020, Kat Von D partnered with vegan shoe designer Rebecca Mink and launched a collection of vegan shoes on world vegan day which are made from apples.

Request Sample copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/5435

Key Market Takeaways

The global vegan footwear market is expected to exhibit a CAGR of 7.23% over the forecast period (2022-2030). It maintain the development and use of animal-free options that helps to protect humans, animals, and the environment. Vegan footwear are made from bamboo, cork, organic cotton, and natural rubber. The vegan footwear totally made their products from plant based materials such as bacteria, fungi, etc. which can help them to protect animals. Increasing the demand of sustainable shopping of vegan footwear can boost the market growth.

Competitive Landscape:

Major players operating in the global vegan footwear market include Nike, Adidas, Beyond Skin UK, Monk Story, Hexa Vegan Shoes, Ethletic, Matt & Nat, MooShoes, Susi Studio, Veerah, AVESU GmbH. For instance, On December 2021, Nike acquired a leading brand of vegan footwear RTFKT that uses leading edge technology to create next generation collectibles that combine culture and gaming. However, in 2019, the brand of automobile company Volkswagen announced an electric SUV concept car featuring a 100% vegan leather interior which made from apples.

Buy-Now this Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/5435

Market Segmentation:

  • Global Vegan Footwear Market, By Product Type

    • Shoes
    • Sandals
    • Heels
    • Flats
    • Sneakers
  • Global Vegan Footwear Market , By Material Type

    • Microfiber
    • Polyurethane
    • Recycled Plastics
    • Others
  • Global Vegan Footwear Market , By End-use
  • Global Vegan Footwear Market , By Distribution Channel

    • Offline
    • Online
    • Specialty Stores
  • Global Vegan Footwear Market , By Region:

    • North America
    • Europe
      • By Country:
        • U.K.
        • Germany
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • South Korea
        • ASEAN
        • Australia
        • Rest of Asia Pacific
    • Latin America
      • By Country:
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East & Africa

Related Market Intelligence Reports:

Leather Goods Market, By Product Type (Footwear, Luggage, Wallets & Purses, Apparel, and Others), By Distribution Channel (Hypermarkets, Supermarkets, Convenience Stores, Online Stores, and Others), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) – Size, Share, Outlook, and Opportunity Analysis, 2022 – 2030

Vegan Fashion Market, by Product Type (Footwear, Accessories, Clothing, and Others), by Gender (Men, and Women), by Price Point (Premium and Economic), by Distribution Channels (Offline [Specialty Stores, Supermarket and Hypermarket] and Online), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 – 2030

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

Follow Us: LinkedInTwitter

Mr. Shah
                  Senior Client Partner – Business Development
                  Coherent Market Insights
                  US: +1-206-701-6702
                  UK: +44-020-8133-4027
                  Japan: +81-050-5539-1737
                  India: +91-848-285-0837
                  Email: sales@coherentmarketinsights.com
                  Website: https://www.coherentmarketinsights.com

Primary Logo

Source link

Tags: No tags

Comments are closed.