Global Vegan Footwear Market Overview:
Veganism is now stretched beyond just the kitchen and has now became important part of lifestyle as well. The footwear that are made without using animal ingredients or by products such as wool, leather, silk, fur, etc. are known as vegan footwear. Vegan footwear is an upcoming industry with many fashionable looks and options for all fashion needs. The expansion of the ongoing trend of veganism in the footwear industry is driving the vegan footwear market. Some of the players profiled in the study are Nike Inc. (United States), Susi Studio (United States), Adidas AG (Germany), Matt & Nat (Canada), Veerah (United States), Hexa Vegan Shoes (Thailand), AVESU GMBH (Germany), Beyond Skin (United Kingdom), Ethletic (Pakistan), MooShoes (United States) and Gucci (Italy).
On the basis of geography, the market of Vegan Footwear has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Pricing, the sub-segment i.e. Mass/ Economic will boost the Vegan Footwear market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Vegan Footwear market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Microfibre will boost the Vegan Footwear market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Adults will boost the Vegan Footwear market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- The Numerous Benefits Offered By Vegan Footwear
- Demand for Reducing Carbon Footprint
Influencing Trend
- Consumer Interest In Eco-Friendly Products
Restraints
- Lack Of Knowledge About The Vegan Footwear
Opportunities
- Growing Awareness Towards Animal Cruelty
- Rising Demand For Eco-Friendly And Ethical Fashion Augments
Challenges
- Counterfeit Raw Materials Used In Manufacturing Vegan Footwear
Key Market Developments:
On January 2020, Adidas, a sportswear giant announced development of a new vegan 'leather' shoe made from fungi as part of its pledge to use sustainable materials. This product will be 'purely biological' made from mycelium, the thread-like structures of mushrooms that is increasingly used as a vegan alternative to leather.
The manufacturer of vegan footwear continues to focus on innovation and technological advancements in their products such developments coupled with competitive pricing are likely to assist in increasing market share over the forecast period. The key players are investing in research & development to enhance their product quality and features to maintain their market presence in altering consumer buying preferences.
Target Audience:
New Entrants/Investors, Analysts and Strategic Business Planners, Vegan Footwear Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Users
Major Objectives Focused through this Study
To define, describe, and forecast the Global Vegan Footwear market on the basis of product [Shoes/ Boots, Sneakers, Sandals, Loafers and Others] , application [
], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Vegan Footwear market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Vegan Footwear industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are VegShoes (India), Monkstory (India), Vegshoes (India), The Cai Store (India), Veja (France) and Ahimsa (Brazil).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Vegan Footwear market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.