There are no animal based by products or components used in making of vegan footwear. The main difference between vegan footwear and regular footwear is that vegan shoes are not made with animal extract materials like leather, wool, skin, and others. For making the vegan footwear manufactures use sticky rubber outsole, removable foot bed, water resistant upper, straps, laces, and all other component of the shoe. As vegan products are affordable compared to animal based products. Now a days, this products are more accepted in the fashion industry due to their causal or athletic look which can helps to drive the vegan footwear market growth.
Market Dynamics
Typically, the sneakers are made of leather, derived from cowhide, wool, fur, and hairs. The Apple Skin a vegan footwear manufacture company made their product from the solid waste which are left over after pressing the apple and they are recycled the left over apple into new fabrics which has create lucrative opportunities in the market. Furthermore, Pinatex, a vegan footwear manufactures company made their products from the pineapple leaves. For instance, in December 2020, Asics a vegan footwear company, announced their partnership with German collective group GmbH. This partnership has focused to launch a new vegan leather shoes followed the popular Gel-Nandi and Gel-Quantum company because this products are used Gel sole which is invent for improve the consistency in athletic shoes. Additionally, in September 2021, Puma collaborated with a U.K. environmental business company ‘First Mile’, Puma developed a new collection of footwear & clothing under this collaboration. s
Key features of the study:
- This report provides an in-depth analysis of the global vegan footwear market, its market size (US$ Bn), and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
- It elucidates potential revenue opportunity across different segments and explains an attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new material type launches or approvals, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global vegan footwear market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Nike, Adidas, Beyond Skin UK, Monk Story, Hexa Vegan Shoes, Ethletic, Matt & Nat, MooShoes, Susi Studio, Veerah, and AVESU GmbH.
- Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
- The global vegan footwear market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global vegan footwear market
Detailed Segmentation:
- Global Vegan Footwear Market, By Product Type
- Shoes
- Sandals
- Heels
- Flats
- Sneakers
- Global Vegan Footwear Market , By Material Type
- 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
- Company Profiles
- Nike*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Adidas
- Beyond Skin UK
- Monk Story
- Hexa Vegan Shoes
- Ethletic
- Matt & Nat
- MooShoes
- Susi Studio
- Veerah
- AVESU GmbH
“*” marked represents similar segmentation in other categories in the respective section.