Published Date: 31-May-2023
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According to a new report, published by KBV research, The Global Flip Flops Market size is expected to reach $27.6 billion by 2029, rising at a market growth of 4.2% CAGR during the forecast period.
The Online segment is showcasing a CAGR of 5% during (2023 - 2029). This is because of the online channel's advantages, such as competitive pricing, broad product range, and convenience. Moreover, the COVID-19 pandemic has impacted consumer behavior, leading them to prefer online shopping through e-commerce platforms. Thus, the associated benefits of the online channels, like wider product and brand range, discounts, and the convenience of shopping from home, are expected to propel the segment's growth.
The Female segment is leading the Global Flip Flops Market by End User in 2022 thereby, achieving a market value of $19.8 billion by 2029. This is due to the increasing interest of women in yoga, leading to the growing popularity of flip flops. Flip flop brands are focusing on the women's segment to introduce flip-flops that offer comfort and convenience for yoga and other physical activities. They are also emphasizing on launching sustainable footwear. Companies are launching various types of footwear, such as graphic footwear, grass flip-flops, and yoga slings, to appeal to a large customer demographic. These mentioned factors are expected to propel the segment's growth.
The Asia Pacific market dominated the Global Flip Flops Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $10.2 billion by 2029. The Europe market is exhibiting a CAGR of 3.8% during (2023 - 2029). Additionally, The North America market would experience a CAGR of 3.6% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/flip-flops-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Alpargatas S.A. (Havaianas), SKECHERS USA, Inc., Crocs, Inc., Deckers Outdoor Corporation, FatFace Limited, Adidas AG, C. & J. Clark International Limited (Viva China Holdings Limited), KAPPA Srl (BasicNet S.p.A.), Nike, Inc., and Tory Burch LLC.
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