Vegan Footwear Market

Global Vegan Footwear Market is valued at USD 25.74 Billion in 2020 and is expected to reach USD 43.55 Billion by 2027 with a CAGR of 7.8% over the forecast period.

Global Vegan Footwear Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027, Increasing focus towards minimizing carbon footprints, rising awareness towards animal’s cruelty, and growing demand for eco-friendly & ethical fashion are major factors anticipated to drive the growth of the Global Vegan Footwear Market.

Scope of Global Vegan Footwear Market Report

Vegan footwear is made with no utilization of animal products. It likewise prohibits items that were tried on animals. Vegan footwear is made without the utilization of animal by-products or materials, like wool, silk, fur, leather, or shearling. Vegan footwear is made of an assortment of synthetic fabrics. Most vegan leathers are produced using polyurethane (PU), a sort of plastic that is attached to a cotton backing. Vegan footwear is trendy and comfortable and can keep going a truly long time period and they don't condemn animals to a hopeless reality and existence passing. From shoes to sneakers, this incorporates the tacky elastic outsole, water-resistant upper, laces, straps, removable footbed, and any remaining parts of the shoe.

Advancements in synthetic materials have permitted more choices, better styling, and better performance in vegan footwear. OluKai's vegan-friendly footwear keeps up with the traction, durability, and backing clients have generally expected from the brand. Synthetic microfibers, reused and virgin rubbers, PU and EVA, fabrics, material, and faux-leather items are completely utilized to make vegan footwear. Vegan shoes, nonetheless, regularly wind up being more affordable than their animal-based partners and they have now been broadly acknowledged in the fashion world just as the athletic/ casual business sector.

The COVID-19 pandemic has shown a negative impact on the growth of the global vegan footwear market. During the COVID-19 pandemic, due to lockdown conditions, the production and sales of vegan footwear were declined. Lockdown measures carried out by various countries to reduce the spread of the virus resulted in the closure of production facilities and supply chain disruptions. Also, due to the travel restrictions, the demand for vegan footwear among customers has reduced. However, the demand for organic and vegan products is increased during pandemics. Also, increasing trend of online shopping, private business brands promoted the market positively post-pandemic.

Key Players of Global Vegan Footwear Market Report

Some of the key players for global vegan footwear market are AVESU GMBH, Adidas AG, Sydney Brown LLC, Ethletic, Nike Inc, Rungg, Susi Studio, Matt & Nat, Beyond Skin UK, Hexa Vegan Shoes, MooShoes, Veerah, Taylor + Thomas, Bourgeois Boheme, and others.

Global Vegan Footwear Market Segmentation:

Global vegan footwear market is segmented on the basis of product type, material, end-user, and region & country level. On the basis of product type, the vegan footwear market is segmented into sneakers, shoes, sandals, boots, heels, and others. On the basis of material, the market is segmented into polyurethane (PU), cotton, microfiber, natural rubber, hemp, and others. On the basis of end-user, the vegan footwear market is segmented into men, women, and others.

By Product Type:

• Sneakers
• Shoes
• Sandals
• Boots
• Heels
• Other

By Material Type:

• Polyurethane (PU)
• Cotton
• Microfiber
• Natural Rubber
• Hemp
• Other

By End-User:

• Men
• Women
• Other

News: Reebok Launched Two New Sustainable Vegan Running and Training Shoes

On April 6^th, 2021; Reebok launched a sustainable footwear line that highlights two shoes—the Nano X1 Vegan and the Floatride Energy GROW. The shoes are a piece of the brand's maintainability drive and are produced using materials like castor bean oil, eucalyptus bark, natural elastic, bloom algae, and reused polyester. Reebok plans to keep making eco-friendly footwear and attire through their [REE] GROW and [REE] CYCLED drives. The sneakers come in all kinds of people sizes and feature a durable and comfortable upper that is designed with a plant-based form of Flexweave sew, just as Floatride Energy Foam made with castor bean for adaptable cushioning. They are additionally accessible in men’s and women’s styles and are made with a eucalyptus-based upper, a castor bean padded sole, and an erupted heel to diminish Achilles strain for definitive comfort.

Increasing Focus towards Minimizing Carbon Footprints, Rising Awareness towards Animal Cruelty and Growing Demand for Eco-Friendly & Ethical Fashion are Major Factors Driving the Market Growth

One of the major factors driving the growth of the global vegan footwear market is increasing focus towards minimizing carbon footprints. Remembering the adverse effects on the earth, there are a rising number of brands delivering vegan footwear that consideration the climate, and clearly carbon dioxide emission. Many key players are adopting a few structural and strategy changes to accommodate the latest advancements in the production of footwear that helps in controlling carbon footprint, protecting valuable ecosystems, and considerably lessening pollution. Vegan footwear’s are sustainable and help to reduce carbon footprints which focused on decreasing environmental effect. For example; in 2018, Guccio Gucci SpA declared to go fur-free beginning from its 2018 spring assortment. Additionally, the advantage of reduced carbon footprint in vegan footwear creation adds to the development rate inferable from the developing environmental concerns and rising interest for sustainable production.

 In addition, another major factor driving the growth of global vegan footwear market is raising awareness towards animal cruelty. Vegan leather is basically synthetic that is artificial and doesn't include the utilization of any animal by-products. It is basically produced using PVC or Polyurethane. It can incorporate an entire range of sustainable and innovative materials like plugs, apple peels, pineapple leaves, and reused plastic. The increase of brands offering cruelty-free and eco-friendly shoes is a demonstration of its growing demand. There is a critical expansion in mindfulness and reasonableness among buyers overall with respect to the utilization of creature items for design.

For instance; in 2019, beauty entrepreneur and VIP tattooist Kat Von D dispatched an assortment of vegan shoes made of vegan leather produced using faux fur, apples, and recycled rubber, etc. Furthermore, the growing demand for eco-friendly & ethical fashion is also fostering the market growth. The younger generation is exhibiting impressive eco-awareness. To an extent, this is owing to social media impact and messages shared by VIPs and their role models across open stages. Purchasers' changing attitude is empowering them to help brands that regard their qualities and way of life. Also, flooding awareness with respect to comfort, environmental-friendly material, and sustainable items prefers production and sales of vegan footwear.

However, the stringent regulations may hamper the global vegan footwear market growth. In spite of that, increasing the demand for eco-friendly items to reduce carbon emission can provide various opportunities for the further growth of the global vegan footwear market.

North America is Expected to Dominate the Global Vegan Footwear Market

North America is expected to dominate the global vegan footwear market within the forecast period due to the rising adoption of vegan shoes and the presence of leading players in this region. For instance; according to the news published on June 8^th, 2021, Vans launched its first sustainable, vegan collection. The new Eco Theory assortment incorporates four of the organization's top-rated shoe styles made with morally sourced, vegan, and eco-friendly materials. Numbers of people are inclined towards vegan products which will drive the market in this region. For instance; Allbirds sneakers, make their shoes from tree fiber or wool mixes. Rather than utilizing the typical material carbon, the fiber they use burns through 95% less water and cuts the carbon footprint utilization in half. Also, they just utilize one reused water bottle to make the laces, and packaging is done from 90% recycled cardboard.

Europe is also expected to capture a significant share of the global vegan footwear market due to the rising demand for natural and organic products in this region. For example; in 2019, the organization Adidas AG, went into an essential association with an American hip hop group, Beastie Boys, and presented 'Adidas Skateboarding X', a vegan sneaker.

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

South America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2027
Market Size in 2020:	USD 25.74 Billion
Base year considered	2020
Forecast Period CAGR %:	7.8%
Market Size Expected in 2027:	USD 43.55 Billion
Tables, Charts & Figures:	175
Pages	200
Vegan Footwear Manufacturers	AVESU GMBH, Adidas AG, Sydney Brown LLC, Ethletic, Nike Inc, Rungg, Susi Studio, Matt & Nat, Beyond Skin UK, Hexa Vegan Shoes, MooShoes, Veerah, Taylor + Thomas, Bourgeois Boheme, and others
Segments Covered	By Product Type, By Material Type, By End-User
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits of Global Vegan Footwear Industry:

• Global Vegan Footwear Industry report covers in-depth historical and forecast analysis.
• Global Vegan Footwear Industry research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, footwear industry trends, Market Opportunities, Competitive Analysis, Regional and Country Level.
• Global Vegan Footwear Industry report helps to identify opportunities in the marketplace.
• Global Vegan Footwear Industry report covers an extensive analysis of emerging trends and competitive landscape.