PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1507272
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1507272
US Sustainable Footwear Market is valued at approximately USD 420 million in 2023 and is anticipated to grow with a healthy growth rate of more than 14.58% over the forecast period 2024-2032. Sustainable Footwear are developed and manufactured with the objective of minimizing environmental effects and supporting ethical practices. These footwear usually include eco-friendly materials, ethical manufacturing approaches, and sustainable business practices. Also, direct-to-consumer (DTC) sustainable footwear brands are gaining popularity in the US market. These brands eliminate traditional retail channels, allowing them to offer high-quality, sustainably-made shoes at competitive prices while maintaining control over the entire supply chain. As a result, this trend is anticipated to support the growth of US Sustainable Footwear Market.
However, growing consumer awareness and concern for environmental sustainability in the United States is significantly supporting the growth of the US Sustainable Footwear market. As more consumers become aware of the environmental impact of their purchasing choices, there is an increasing demand for products that align with their values. This heightened awareness is driving consumers to seek out footwear made from eco-friendly materials, such as recycled plastics, organic cotton, and plant-based alternatives, which is anticipated to support the market growth. Also, government regulations and policies promoting sustainability and reducing carbon emissions are encouraging companies to adopt greener practices. Incentives for sustainable manufacturing processes and penalties for non-compliance are also influencing market growth. However, the availability of counterfeit products and high product costs is anticipated to hinder market growth during forecast period 2024 -2032.