Global Sustainable Footwear Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Sustainable Footwear Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Sustainable Footwear defines shoe sustainability as shoe design, development, manufacturing, distribution, and selling processes that minimize negative environmental impacts, conserve energy and natural resources, are safe for employees, communities and consumers, and are economically sound.

Market Overview:

The latest research study on the global Sustainable Footwear market finds that the global Sustainable Footwear market reached a value of USD 8998.98 million in 2022. It’s expected that the market will achieve USD 16937.09 million by 2028, exhibiting a CAGR of 11.12% during the forecast period.

The new crown crisis is hitting the global economy and the broad fashion industry: retail operations are temporarily closed; brands are adapting to declining consumer spending; workers in India, Bangladesh, and China are suspended for work due to reduced or cancelled orders. It is estimated that this crisis in 2020 alone will cause more than 30% of the business losses in the fashion industry.

After the epidemic, some countries and regions have paid more attention to environmental protection and green development. For example, in 2021, the State Council of China issued the Guiding Opinions on Accelerating the Establishment and Improvement of a Green and Low-Carbon Circular Development Economic System. The document emphasizes that China should accelerate the establishment of a sound and green and low-carbon circular development economic system from production, construction, distribution, and consumption, to promote the economic and social green transformation, and provide overall ideas and goals. In addition to the country’s vigorous advocacy, the economic situation in the post-epidemic era has also prompted all walks of life to pay more and more attention to environmental protection issues. Many brands have devoted themselves to sustainable reforms and actively carried out various attempts to explore the harmonious coexistence of corporate development and green environmental protection. New solution.

In addition, according to a new study of consumers in 24 countries, the COVID-19 pandemic has caused billions of people to consider more sustainable behaviors. 85% of adults said that they are willing to change their personal actions from now on to promote solutions to environmental and sustainable development issues. These changes in consumer consumption concepts will affect the development of the industry.

Brand Effect

According to the definition of the internationally renowned AC Nielsen survey company, category refers to “determining which product groups and categories are relevant to consumers’ perceptions, and should be based on the understanding of consumer demand-driven and purchasing behavior.” Generally speaking, the target category It is the iconic category of the store or brand, which plays a role in shaping the image, attracting passenger flow, increasing passenger flow, and creating sales. The brand recognition hidden in the minds of consumers is divided into three levels: the first level, the brand is a symbol. The second level is brand association, and the third level is subconscious. Through these three levels, consumers' awareness of sustainable shoe brands has gradually increased and a good impression has been created, which has contributed to long-term purchases and brand loyalty.

Environmentalism in the fashion industry

The United Nations Economic Commission for Europe has pointed out that a high proportion of wastewater (20%) and carbon emissions (10%) are still key issues for the fashion industry to pollute the environment. In addition, the clothing production system that operates almost in a linear manner consumes non-renewable resources. The fashion industry with an extremely complex operating system, from the supply of raw materials, to manufacturing, transportation, and final processing, has pushed the planet's environmental conditions into the abyss step by step. Ethical choice in the fashion industry has become a hot topic. High energy consumption and high pollution have become the original sins of the fashion industry. Few brands of all kinds can escape. Because of this, the trend of environmentalism in the fashion industry is rising day by day.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia Pacific (35.56% in 2022).

Company Overview:

Nike is one of the major players operating in the Sustainable Footwear market, holding a share of 27.21% in 2023.

Nike

The company's sporting goods are all-encompassing, such as clothing, footwear, and sports equipment. NIKE is a world-renowned sports brand. The English original meaning is the Greek goddess of victory. The Nike logo is a small hook. Nike has always regarded it as a glorious task to inspire every athlete in the world and offer the best products for them. Nike's first air cushion technology has brought a revolution to the sports world. The sports shoes manufactured by using this technology can well protect the knees of athletes and reduce the impact on the knees when they are landing on strenuous exercise.

Adidas group

The adidas brand is firmly rooted in sports and has a long tradition. The brand's product portfolio in the sports performance and sports inspiration categories is very broad, from major global sports to strongly regional anchor sports and local sneaker culture. This makes adidas cross cultural boundaries and become one of the most famous and outstanding brands in the world in sports and street sports.

Segmentation Overview:

By type, Athletic segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Men, with a market share of 56.66% in 2022.

Key Companies in the global Sustainable Footwear market covered in Chapter 3:

Veja
Rothy’s
Allbirds
Everlane
Nike
Adidas group
Nisolo
Greats
Native shoes
Reformation
New Balance
Tropicalfeel

In Chapter 4 and Chapter 14.2, on the basis of types, the Sustainable Footwear market from 2018 to 2029 is primarily split into:

Sport/outdoor
Athletic
Lifestyle
Work and Safety

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Sustainable Footwear market from 2018 to 2029 covers:

Men
Women
Children

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)