Sustainable Footwear: A Market Poised for Growth as Demand for Recycled Materials, Vegan Leather Alternatives, and Fair Labor Practices Expands – Says RationalStat

The global sustainable footwear market is expected to reach US$ 13.0 billion by 2030, with an annual growth rate of more than 5.8%

Wilmington, Nov. 21, 2023 (GLOBE NEWSWIRE) — According to RationalStat’s recent market study, the Global Sustainable Footwear Market value is estimated at US$ 8.8 billion in 2023 and is expected to rise at a strong CAGR of over 5.8% over the forecast period of 2023-2030.

Market Definition, Market Scope, and Report Overview                                                             

Sustainable footwear refers to shoes that are designed, produced, and marketed with a focus on minimizing their environmental impact, promoting ethical practices, and prioritizing social responsibility.

Consumers’ growing awareness of environmental and social issues has resulted in an increase in demand for sustainable items, including footwear. Consumers are actively looking for products that connect with their values and help to make the fashion industry more sustainable and ethical.

According to a deep-dive market assessment by RationalStat, the global sustainable footwear market has been analyzed on the basis of market segments, including type, end user and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.

• Market intelligence for the global Sustainable Footwear market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
• In addition, the long-term sector and products/services 10-year outlook and its implications on the global Sustainable Footwear market. It also includes the industry’s current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Sustainable Footwear Market: Segmental and Market Share Analysis

• On the basis of type, the non-athletic sustainable footwear segment held the largest share of over 55% in 2022. Consumers are increasingly making socially responsible fashion choices.

Report Synopsis

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Competition Analysis and Market Structure

Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global sustainable footwear market include.

• In September 2023, Nike introduced the ISPA Link Axis, an innovative recyclable sneaker. This ground-breaking shoe, available through Nike’s SNKRS app, is designed for complete disassembly, allowing each component to be recycled completely.

Some of the prominent players and suppliers operating and contributing significantly to the global sustainable footwear market growth include Tropicalfee, Adidas group, Nike, New Balance, Rothy’s, Veja, Nisolo, Native shoes, MATISSE FOOTWEAR, and Amour Vert, among others.

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RationalStat has segmented the global sustainable footwear market based on type, end user and region

• Global Sustainable Footwear Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
  • Athletic
  • Non-Athletic
• Global Sustainable Footwear Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by End User
  • Men
  • Women
  • Children
• Global Sustainable Footwear Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
  • North America Sustainable Footwear Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
    • US
    • Canada
  • Latin America Sustainable Footwear Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe Sustainable Footwear Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe Sustainable Footwear Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
    • Russia
    • Poland
    • Hungary
    • Other CIS Countries
    • Rest of Eastern Europe
  • Asia Pacific Sustainable Footwear Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN
      • Indonesia
      • Thailand
      • Philippines
      • Vietnam
      • Malaysia
      • Rest of ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa Sustainable Footwear Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
    • GCC
      • Saudi Arabia (KSA)
      • United Arab Emirates (UAE)
      • Rest of the GCC
    • South Africa
    • Nigeria
    • Turkey
    • Rest of the Middle East & Africa

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Key Questions Answered in the Sustainable Footwear Report:

• What will be the market value of the global Sustainable Footwear market by 2030?
• What is the market size of the global Sustainable Footwear market?
• What are the market drivers of the global Sustainable Footwear market?
• What are the key trends in the global Sustainable Footwear market?
• Which is the leading region in the global Sustainable Footwear market?
• What are the major companies operating in the global Sustainable Footwear market?
• What are the market shares by key segments in the global Sustainable Footwear market?  

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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About RationalStat LLC                    

RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.

RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.

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