The vegan fashion market is estimated to be valued at USD 518.05 billion in 2024, exhibiting a CAGR of 7.1% over the forecast period (2024-2031). The shift towards sustainability has pushed consumers to adopt vegan clothing and fashion, thereby driving the market growth. Furthermore, increasing promotion of vegan fashion on social media platforms has amplified awareness about environment protection.
Link - https://www.coherentmarketinsights.com/market-insight/vegan-fashion-market-5431
Key Development
- In 2024, Hylo Athletics, an apparel company, offered sneakers made from renewable materials, and BLOOM Paris offered vegan shoes including heels, sandals, and stiletto boots
- In 2022, Texon Vogue received certification from the Vegan Society as a fully vegan leather alternative
- In March 2021, Stella McCartney released the first clothing item made from mushroom leather
- In April 2021, Karl Lagerfeld and Fossil announced vegan cactus leather bags
Key Players: Insecta Shoes Canada Inc., ROMBAUT, Nike, Adidas, Beyond Skin UK, Monk Story, Hexa Vegan Shoes, Ethletic, Matt & Nat, MooShoes, Susi Studio, Veerah, AVESU GmbH., ASICS Corporation, MooShoes, Ahimsa, Niche, Lusso Lifestyle, Vritti Designs, and Bar One Clothing
