May 2024 | Report Format: Electronic (PDF)
Sustainable Footwear Market Growth & Trends
The global sustainable footwear market size was estimated to reach USD 12.96 billion in 2030 and is anticipated to grow at a CAGR of 6.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. Over the past decade or so, consumers have become increasingly aware of the environmental impact of their purchasing decisions. They are more conscious of the materials used in products, their sourcing, and the carbon footprint associated with their production. This heightened awareness has led many consumers to seek eco-friendly alternatives, including footwear.
Innovations in sustainable materials, such as recycled plastics, organic cotton, and renewable materials like bamboo or cork, have enabled footwear manufacturers to create products that align with eco-friendly values. In addition, eco-conscious production methods, such as reduced waste, energy efficiency, and ethical labor practices, have become more prevalent in the industry.
In 2022, non-athletic sustainable footwear dominated the market with a dominant share. This significant market presence can be attributed to the rising trend of consumers actively making socially responsible fashion choices, thereby fueling the demand for non-athletic sustainable footwear options. Furthermore, the expanding variety of sustainable casual shoe offerings for both women and men is playing a pivotal role in propelling market growth. Thanks to ongoing innovations in sustainable materials, including the use of recycled and vegan materials, fashion brands now have the means to craft fashionable and environmentally-conscious footwear alternatives.
In 2022, the male sustainable footwear segment exhibited a substantial share of the market. This can be primarily attributed to the surging interest in sustainable athletic footwear and the related technological advancements, which are spurring demand among male consumers. The rising participation of men in sports and fitness activities is also a driving force behind the increasing demand for sustainable athletic footwear. To cater to this trend, manufacturers of athletic footwear are continually enhancing their product offerings, focusing on innovation and sustainability, to align with the preferences and values of active male consumers. In response, athletic footwear producers are introducing innovative and sustainable choices tailored specifically to the needs and ideals of active men.
Asia Pacific held the largest share of the market in 2022. In the Asia Pacific region, the progress in sustainable material sourcing and manufacturing methods has facilitated the production of environmentally friendly footwear without compromising affordability. Governments in this region are also actively addressing environmental issues by implementing regulations and incentives aimed at promoting sustainability in both manufacturing processes and the products themselves, including footwear.
Major players in the global market adopt various steps including new product launches, partnerships, mergers & acquisitions, global expansion, and others to gain more share of the market.
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Sustainable Footwear Market Report
Sustainable Footwear Market Report Highlights
- Based on region, the Asia Pacific region is anticipated to grow at the fastest CAGR of 6.8% over the forecast period. Consumers in the region are looking for sustainable alternatives that align with their fashion preferences and support eco-friendly practices
- Based on type, the athletic footwear segment is estimated to grow at the fastest CAGR of 6.7% over the forecast period. Continuous advancements in sustainable materials, such as recycled plastics, organic textiles, and bio-based materials, are enabling the production of high-performance athletic footwear. These innovative materials reduce environmental impact and attract consumers looking for eco-friendly options
- In terms of end-user, the women’s footwear segment is anticipated to grow at the fastest CAGR of 6.7% over the forecast period. The growing awareness of sustainable fashion, particularly among women, is a significant driving force behind the increasing demand for sustainable footwear within this demographic.
Sustainable Footwear Market Segmentation
Grand View Research has segmented the global sustainable footwear market based on type, end-user, and region:
Sustainable Footwear Type Outlook (Revenue, USD Million, 2017–2030)
- Athletic
- Non-athletic
Sustainable Footwear End-user Outlook (Revenue, USD Million, 2017–2030)
- Men
- Women
- Children
List of Key Players in the Sustainable Footwear Market
- THE TROPIC FEEL, S.L.
- Adidas AG
- Rothy’s, Inc.
- VEJA
- NISOLO
- MATISSE FOOTWEAR
- Native Canada Footwear Ltd
- Amour Vert, Inc
- Threads 4 Thought
- LYMI, Inc., dba Reformation
