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Global Vegan Footwear Market to reach USD 40.48 billion by 2027.

Global Vegan Footwear Market Size study, by Product Type (Shoes, Sneakers, Boots, Sandals, Heels, Loafers, Others) by Material Type (Microfibre, Polyurethane (PU), Recycled Plastics, Recycled Polyester, Cotton, Natural Rubber, Hemp, Others) By End User (Men, Women, Kids, Transgender) and Regional Forecasts 2020-2027

Product Code: OIRCGAS_56135009
Publish Date: 7-07-2020
Page: 200

Global Vegan Footwear Market is valued approximately USD 23.21 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.20 % over the forecast period 2020-2027. Vegan Footwear are shoes made without any animal ingredients or by products such as wool, leather, silk, fur and more. The expansion of the ongoing trend of veganism from Kitchens to apparel and footwear industry drives the market for vegan footwear. The numerous benefits offered by these footwears fuel the market growth. Further, the growing awareness towards animal cruelty and rising demand for eco-friendly and ethical fashion augments the market growth. In September 2020, Dr. Martens collaborated with Fashion designer marc Jacob to create a limited -edition version of 1460 boot from vegan leather. Also, the nascent stage of the market not only attracts new manufacturers but also has attracted well established fashion brands to go vegan escalating the market growth. As in 2018 Guccio Gucci SpA announced to go fur free starting from its 2018 spring collection. Moreover, the benefit of reduced carbon footprint in vegan footwear production adds on to the growth rate owing to the growing environmental concerns and rising demand for sustainable production. However, lack of regulations and common standards impedes the growth of the market over the forecast period of 2020-2027. Although, representation of vegan footwear by celebrities presents a lucrative opportunity for the market. As in September 2020, Hollywood actress Catherine Zeta-Jones launched a vegan footwear collection in partnership with cruelty free brand Butterfly twists.

The regional analysis of global Vegan Footwear market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the wide spread vegan culture in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapidly increasing vegan culture create lucrative growth prospects for the Vegan Footwear market across Asia-Pacific region.

Major market player included in this report are:
Nike Inc.
Susi Studio
Adidas AG
Matt & Nat
Hexa Vegan Shoes
Beyond Skin UKamong
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
By Material Type:
Polyurethane (PU)
Recycled Plastics
Recycled Polyester
Natural Rubber
By End User:

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Vegan Footwear Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Vegan Footwear Market, by Region, 2018-2027 (USD Billion)
1.2.2. Vegan Footwear Market, by Product Type, 2018-2027 (USD Billion)
1.2.3. Vegan Footwear Market, by Material Type, 2018-2027 (USD Billion)
1.2.4. Vegan Footwear Market, by End User, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Vegan Footwear Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Vegan Footwear Market Dynamics
3.1. Vegan Footwear Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Vegan Footwear Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Vegan Footwear Market, by Product Type
5.1. Market Snapshot
5.2. Global Vegan Footwear Market by Product Type, Performance – Potential Analysis
5.3. Global Vegan Footwear Market Estimates & Forecasts by Product Type 2017-2027 (USD Billion)
5.4. Vegan Footwear Market, Sub Segment Analysis
5.4.1. Shoes
5.4.2. Sneakers
5.4.3. Boots
5.4.4. Sandals
5.4.5. Heels
5.4.6. Loafers
5.4.7. Others
Chapter 6. Global Vegan Footwear Market, by Material Type
6.1. Market Snapshot
6.2. Global Vegan Footwear Market by Material Type, Performance – Potential Analysis
6.3. Global Vegan Footwear Market Estimates & Forecasts by Material Type 2017-2027 (USD Billion)
6.4. Vegan Footwear Market, Sub Segment Analysis
6.4.1. Microfibre
6.4.2. Polyurethane (PU)
6.4.3. Recycled Plastics
6.4.4. Recycled Polyester
6.4.5. Cotton
6.4.6. Natural Rubber
6.4.7. Hemp
6.4.8. Others
Chapter 7. Global Vegan Footwear Market, by End User
7.1. Market Snapshot
7.2. Global Vegan Footwear Market by End User, Performance – Potential Analysis
7.3. Global Vegan Footwear Market Estimates & Forecasts by End User 2017-2027 (USD Billion)
7.4. Vegan Footwear Market, Sub Segment Analysis
7.4.1. Men
7.4.2. Women
7.4.3. Kids
7.4.4. Transgender
Chapter 8. Global Vegan Footwear Market, Regional Analysis
8.1. Vegan Footwear Market, Regional Market Snapshot
8.2. North America Vegan Footwear Market
8.2.1. U.S. Vegan Footwear Market Product Type breakdown estimates & forecasts, 2017-2027 Material Type breakdown estimates & forecasts, 2017-2027 End User breakdown estimates & forecasts, 2017-2027
8.2.2. Canada Vegan Footwear Market
8.3. Europe Vegan Footwear Market Snapshot
8.3.1. U.K. Vegan Footwear Market
8.3.2. Germany Vegan Footwear Market
8.3.3. France Vegan Footwear Market
8.3.4. Spain Vegan Footwear Market
8.3.5. Italy Vegan Footwear Market
8.3.6. Rest of Europe Vegan Footwear Market
8.4. Asia-Pacific Vegan Footwear Market Snapshot
8.4.1. China Vegan Footwear Market
8.4.2. India Vegan Footwear Market
8.4.3. Japan Vegan Footwear Market
8.4.4. Australia Vegan Footwear Market
8.4.5. South Korea Vegan Footwear Market
8.4.6. Rest of Asia Pacific Vegan Footwear Market
8.5. Latin America Vegan Footwear Market Snapshot
8.5.1. Brazil Vegan Footwear Market
8.5.2. Mexico Vegan Footwear Market
8.6. Rest of The World Vegan Footwear Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Nike Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Susi Studio
9.2.3. Adidas AG
9.2.4. Matt & Nat
9.2.5. Veerah
9.2.6. Hexa Vegan Shoes
9.2.8. Beyond Skin UKamong
9.2.9. Ethletic
9.2.10. MooShoes
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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