all report title image
  • Published On : May 2020
  • Code : CMI3848
  • Industry : Consumer Goods
  • Pages : 120
  • Formats :

Footwear sole material used to manufacture the bottom part of the shoes and is produced from various materials rubber, plastic, and petrochemical-derived products. Footwear sole materials provide comfort and fashion and allow to perform various outdoor activities. Polyurethane is the most common material used in the manufacturing of sole because it offers excellent flexibility and durability. Moreover, the footwear sole also provides a high level of stiffness and resilience.

The global footwear sole material market is projected to reach around US$ 26594.4 million by the end of 2027, in terms of revenue, growing at CAGR of 4.1% during the forecast period (2020-2027).

Drivers:

Increase in the disposable income of the middle-class family is projected to drive the market growth of footwear sole materials over the forecast period. Increasing industrialization and urbanization across the developing region have led to the rise of disposable income, which in turn, is projected to fuel the demand for footwear over the forecast period.

Increasing participation of consumers in sports and fitness-related activities due to increasing health-conscious people is projected to augment the market growth of the footwear sole material. Shifting preferences of consumers towards outdoor activities such as hiking, running, and cycling is also contributing to the growth of the footwear sole material.

Figure 1. Global Footwear Sole Material Market, Revenue Share (%), By Region, in 2019

Footwear Sole Material  | Coherent Market Insights

Asia Pacific region dominated the global footwear sole material market in 2019, accounting for 76.7% share in terms of value, followed by Europe and Latin America, respectively.

Market Restraints

Slow adoption rate of the advanced technologies for the production of the footwear sole is expected to restrict the market growth over the forecast period. High cost and technical issues are some of the major factors inhibiting the adoption of advanced technology thus hampering the market growth.

Market Opportunities

The market of footwear is penetrating into women segments owing to the rising number of women participating in outdoor activities. This is expected to open new doors of opportunity to the market of the footwear sole. Moreover, an increasing number of working women is also expected to augment the market growth.

Growing demand for therapeutic footwear around the globe for the patient suffering from chronic diseases such as arthritis, diabetes, and knee problems is estimated to accelerate market growth. Growth in the medical footwear industry is expected to positively impact market growth over the forecast period. 

Figure 2. Global Footwear Sole Material Market– Opportunity Analysis

Footwear Sole Material  | Coherent Market Insights

Market Trends

Growing demand for trendy and comfortable shoes especially among the young population is expected to be a major trend in the market. Shifting preferences for buying footwear as per the occasion is another major trend in the market. Athletic, Casuals, fashionable, formals, and traditional are the some of the footwear gaining huge demand.

Figure3. Global Footwear Sole Material Market, Revenue Share (%), By Material Type, in 2019

Footwear Sole Material  | Coherent Market Insights

On the basis of material type in 2019, the leather segment has accounted the largest market share of 57.6% in terms of value, followed by plastics and rubber respectively.

Competitive Section:

Company Names 

  1. Nike Inc.
  2. Adidas AG
  3. Bata Limited
  4. Puma SE
  5. Columbia Sportswear Company
  6. The Dow Chemical Company
  7. Huntsman Corporation
  8. BASF SE

Few Recent Developments 

Puma SE

  • In February 2020, German sportswear manufacturer Puma has created a new collection of footwear and clothing, made from recycled plastic. Puma teamed up with First Mile to create a sustainable sportswear collection
  • In February 2019, Sports brand Puma has unveiled its Puma Fi trainers, which have laces that can be tightened at the swipe of a finger.

Footwear sole material is produced from various materials such as PVC, rubber, PU, vulcanized rubber, and leather. Footwear provide comfort and a wide range of performance for outdoor activities. PVC and rubber are two common materials used for the manufacturing of the shoes as they provide ideal synthetic materials over traditional leather. Moreover, they are a more cost-effective solution for the manufacturing of footwear such as shoes, boots, slippers, sandals, and sneakers.

Market Dynamics

The rising trend of using polyurethane as a sole material in the manufacturing of athletic shoes in order to offer hard-wearing performance to athletes is expected to augment the market growth of footwear sole materials. The polyurethane-based midsole offers cushioning feel which reduces the chance of muscle injury and is also durable and lighter than rubber. This is expected to foster market growth of footwear sole materials.

Rising demand for branded shoes due to improving the living standard is expected to favor the market growth of footwear sole. Additionally, rising research activities to develop cost-effective and new sole material with improved properties is further anticipated to accelerate the market growth of the footwear sole.

Intense competition in the market of footwear sole due to the presence of a large number of players is acting as an entry barrier for the new players. This is expected to restraint the market growth of the footwear sole material in the near future.

Key features of the study:

  • This report provides in-depth analysis of the global footwear sole material market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global footwear sole material 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 Inc., Adidas AG, Bata Limited, Puma SE, Columbia Sportswear Company, The Dow Chemical Company, Huntsman Corporation, and BASF SE.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global footwear sole material market report caters to various stakeholders in this industry including investors, suppliers, footwear sole material manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the footwear sole material market

Detailed Segmentation:

  • Global Footwear Sole Material Market, By Distribution Channel:
    • Shoe Stores
    • Retail Stores
    • Super Markets
    • Online
  • Global Footwear Sole Material Market, By Gender Type:
    • Men
    • Women
    • Kids
  • Global Footwear Sole Material Market, By Product Type:
    • Athletic
      • Running shoes
      • Soccer shoes
      • Basketball shoes
      • Tennis shoes
    • Non-Athletic
      • Casual Footwear
      • Fashion Footwear
      • Military boots
  • Global Footwear Sole Material Market, By Material Type:
    • Plastics
      • EVA
      • PU
      • PVC
      • Others
    • Rubber
      • Natural
      • Synthetic
    • Leather
    • Other Materials
  • Global Footwear Sole Material Market, By Component:
    • In Sole
    • Mid Sole
    • Out Sole
    • Unit Sole
  • Global Footwear Sole Material Market, By Region:
    • North America
      • U.S.
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
      • Canada
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
          • Unit Sole
    • Europe
      • U.K.
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
      • Germany
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
      • France
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
      • Italy
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
      • Spain
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
      • Russia
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
      • Rest of Europe
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
    • Asia Pacific
      • China
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
      • India
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
      • Japan
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
      • ASEAN
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
      • Australia
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
      • South Korea
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
      • Rest of Asia Pacific
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
    • Latin America
      • Brazil
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
      • Mexico
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
      • Rest of Latin America
        • By Process Type:
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
    • Middle East
      • GCC
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
      • Israel
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
      • Rest of Middle East
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
    • Africa
      • By Distribution Channel:
        • Shoe Stores
        • Retail Stores
        • Super Markets
        • Online
      • By Gender Type
        • Men
        • Women
        • Kids
      • By Product Type
        • Athletic
          • Running shoes
          • Soccer shoes
          • Basketball shoes
          • Tennis shoes
        • Non-Athletic
          • Casual Footwear
          • Fashion Footwear
          • Military boots
      • By Material Type
          • Plastics
            • EVA
            • PU
            • PVC
            • Others
          • Rubber
            • Natural
            • Synthetic
          • Leather
          • Other Materials
      • By Component
          • In Sole
          • Mid Sole
          • Out Sole
          • Unit Sole
      • Central Africa
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
      • South Africa
        • By Distribution Channel:
          • Shoe Stores
          • Retail Stores
          • Super Markets
          • Online
        • By Gender Type
          • Men
          • Women
          • Kids
        • By Product Type
          • Athletic
            • Running shoes
            • Soccer shoes
            • Basketball shoes
            • Tennis shoes
          • Non-Athletic
            • Casual Footwear
            • Fashion Footwear
            • Military boots
        • By Material Type
            • Plastics
              • EVA
              • PU
              • PVC
              • Others
            • Rubber
              • Natural
              • Synthetic
            • Leather
            • Other Materials
        • By Component
            • In Sole
            • Mid Sole
            • Out Sole
            • Unit Sole
  • Company Profiles
    • Nike Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Adidas AG
    • Bata Limited
    • Puma SE
    • Columbia Sportswear Company
    • The Dow Chemical Company
    • Huntsman Corporation
    • BASF SE

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The market for footwear sole material is estimated to surpass US$ 26,594.4million by 2027, exhibiting a CAGR of 4.1% between 2020 and 2027.
Increase in the disposable income of the middle-class family is projected to drive the market growth of footwear sole materials over the forecast period. Increasing industrialization and urbanization across the developing region have led to the rise of disposable income, which in turn, is projected to fuel the demand for footwear over the forecast period.
The footwear sole material market is expected to exhibit a CAGR of 4.1% during the forecast period (2020-2027).
Major players operating in the global footwear sole material market include Nike Inc., Adidas AG, Bata Limited, Puma SE, Columbia Sportswear Company, The Dow Chemical Company, Huntsman Corporation, and BASF SE.
Slow adoption rate of the advanced technologies for the production of the footwear sole is expected to restrict the market growth over the forecast period. High cost and technical issues are some of the major factors inhibiting the adoption of advanced technology thus hampering the market growth.
Growing demand for trendy and comfortable shoes especially among the young population is expected to be a major trend in the market. Shifting preferences for buying footwear as per the occasion is another major trend in the market. Athletic, Casuals, fashionable, formals, and traditional are the some of the footwear gaining huge demand.

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