Global Sustainable Footwear Market to Reach $13.6 Billion by 2030
The global market for Sustainable Footwear estimated at US$9.7 Billion in the year 2023, is expected to reach US$13.6 Billion by 2030, growing at a CAGR of 5% over the period 2023-2030. Non-Athletic Footwear, one of the segments analyzed in the report, is expected to record 5.4% CAGR and reach US$9.9 Billion by the end of the analysis period. Growth in the Athletic Footwear segment is estimated at 4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.9 Billion, While China is Forecast to Grow at 4.5% CAGR
The Sustainable Footwear market in the U.S. is estimated at US$2.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2030 trailing a CAGR of 4.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.
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