Shoe Care Market Size, Share & Trends Analysis Report By Product (Shoe Polish, Shoe Clean, Shoe Care Accessories), By Application (Formal Shoes, Casual Shoes, Sports Shoes), By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030

Shoe Care Market Size, Share & Trends Analysis Report By Product (Shoe Polish, Shoe Clean, Shoe Care Accessories), By Application (Formal Shoes, Casual Shoes, Sports Shoes), By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030

Shoe Care Market Growth & Trends

The global shoe care market size is expected to reach USD 6.25 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.0% from 2024 to 2030. Growing popularity of premium footwear products including Oxford shoes and Blücher among working class professionals on a global level is expected to expand the scope of various types of polishes and cleaners. Furthermore, increasing number of educational institutes and corporate organizations in the developing nations including China and India is expected to expand the scope of formal footwear. This, in turn, will prompt the scope of shoe care products.

Shoe cleaning products including soaps and deodorizers are expected to account for 29.5% share of global revenue in 2025. For instance, shoe deodorizers have gained significant popularity among consumers. In September 2018, Panasonic Corporation launched MS-DS100 deodorizer. The product has the original ion particles, “nanoe X” that removes unpleasant odors from footwear and spreads through its six outlets. This deodorizer can also be operated on a mobile battery. Japan based Panasonic Corporation planned to produce 1,000 units of these deodorizers per month.

Expanding corporate and education sectors in developing economies including China and India is anticipated to open new avenues for the market. In addition, increasing awareness regarding health and fitness is fueling the sales of sports footwear in this region. As a result, demand for sneaker care products has increased significantly.

Furthermore, increasing number of women professionals in developing countries including India and Thailand is expected to promote the demand for the product in these economies. Leading brands including Kiwi have expanded their product portfolio in order to cater to the demand of women over the last few years. Key competitors of this industry include Caleres Inc.; S. C. Johnson & Son, Inc.; Grangers International; Payless; Implus LLC; Shinola; Charles Clinkard; Salamander; and Griffin.

Shoe Care Market Report Highlights

• North America dominated the shoe care market with a market share of 33.7% in 2023. The U.S. dominated the North American market in 2023
• Asia Pacific had a market share of 23.5% in 2023. This growth is due to the increased use of formal and sports shoes in developing countries such as Japan, India, and China.
• The offline segment dominated the market in 2023, with a share of 79.8% in 2023 owing to the high presence of footwear stores globally.
• The shoe polish segment dominated the market in 2023, with a share of 61.1% in 2023. The growth is significant as the consumption of shoe polishes is already high in the formal and casual footwear segment.

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