Published Date: 24-Jan-2022
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According to a new report Global Vegan Footwear Market, published by KBV research, The Global Vegan Footwear Market size is expected to reach $32.05 billion by 2027, rising at a market growth of 11.3% CAGR during the forecast period.
The Women market dominated the Global Vegan Footwear Market by End User in 2020, thereby, growing at a CAGR of 10.2% during the forecast period. Women are the major followers of the fashion trends that prevail in the market. Also, women have a wide variety of footwear options, and they like to spend a significant portion of their income on the purchase of fashion products like vegan sandals.
The Polyurethane market dominated the Global Vegan Footwear Market by Material Type in 2020, thereby growing at a CAGR of 10.4% during the forecast period. It is owing to the aspects like ease of utilization and broad accessibility of polyurethane footwear in the market. Polyurethane is a class of plastic polymers that are majorly used in the making of vegan footwear. This material is light in weight and can help in the manufacturing of flexible foams.
The Specialty Stores market dominated the Global Vegan Footwear Market by Distribution Channel in 2020 thereby growing at a CAGR of 11.0% during the forecast period. Since specialty stores offer a broad variety of vegan footwear, customers can get the first-hand experience of these shoes, along with that, they can also try to wear them to check their quality and thus, surge the growth of the segment.
The North America market dominated the Global Vegan Footwear Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $11.1 billion by 2027. The Europe market is estimated to witness a CAGR of 10.9% during (2021 - 2027). Additionally, The Asia Pacific market would showcase a CAGR of 12.6% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/vegan-footwear-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 Avesu GmbH, Garamont International Srl, Matt & Nat, MooShoes, Adidas AG, Nike, Inc., PUMA SE, Under Armour, Inc., and ASICS Corporation.
By End user
By Distribution Channel
By Material Type
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