Vegan Fashion Market, By Product Type, By Gender, By Price Point, By Distribution Channels, By Region

Description

The vegan fashion market is estimated to be valued at USD 518.05 Bn in 2024 and is expected to reach USD 837.33 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.1% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 518.05 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	7.10%	2031 Value Projection:	US$ 837.33 Bn

Figure. Vegan Fashion Market Share (%), By Region, 2024

There are no animal based by products or components used in making of vegan products. The main difference between vegan footwear and regular footwear is that vegan shoes are not made with animal extract materials like leather, wool, skin, and others. Vegan products are free from beeswax, collagen, gelatin, honey, carmine, cholesterol, milk, lanolin, shellac, and other animal derived products which are serving as not only a healthier but also a far more human option. Vegan cosmetics are made from natural ingredients and are devoid of chemicals that are helpful for better skin and helps to boost the market growth. Vegan products are used for beautifying, maintain hygiene, or enhancing the appearance of consumers. Increasing the number of brands are turning to the production of vegan cosmetics that can boost the market growth.

Market Dynamics

Rising awareness about the health benefits of vegan products over animal by products that can help to boost the market growth. For instance, in September 2021, Puma a sport shoe manufacture company collaborated with a UK based environmental business company 'First Mile', Puma developed a new collection of footwear & clothing under this collaboration.

To improve the quality of products and increase the demand of customers the manufactures are used the innovative components as well as procedures in their products such as liquid lipsticks and others can helps to drive the vegan fashion market growth. For instance, in February 2022, a UK based developer and distributor of vegan cosmetic, 'Revolution Beauty Group' acquired a US based vegan cosmetic brand, 'Badass with a Heart (BH)'. The aim of this acquisition is the Revolution Beauty Group expanding the BH brand domestically, globally, and in the vegan market.

Rising popularity of vegan product in worldwide can hamper the vegan fashion market growth. Furthermore, high cost of vegan product can restraint the market growth.

Key features of the study:

This report provides an in-depth analysis of the global vegan fashion market, its market size (US$ Bn), and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering as the base year
It elucidates potential revenue opportunities across different segments and explains an attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new material type launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global vegan fashion market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include the global vegan fashion market include SUSI Studio, Insecta Shoes Canada Inc. ROMBAUT, In The Soulshine, Della La LLC, Reformation, Alabama Chanin, Wawwa, Doshi FCSA, Hiareth Collective, Komodo Fashion, Brave Gentle Man, ECOALF, Rapanui, and Tact & Stone
Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
The global vegan fashion market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global vegan fashion market

Detailed Segmentation:

By Product Type
- Footwear
- Accessories
- Clothing
- Others
By Gender
- Men
- Women
By Price Point
- Premium
- Economic
By Distribution Channel
- Offline
- Supermarket
- Hypermarket
- Specialty Stores
- Online
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles
- SUSI Studio
- Insecta Shoes Canada Inc.
- ROMBAUT
- In The Soulshine
- Della La LLC
- Reformation
- Alabama Chanin
- Wawwa
- Doshi FCSA
- Hiareth Collective
- Komodo Fashion
- Brave Gentle Man
- ECOALF
- Rapanui
- Tact & Stone

Product Code: CMI5431

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Gender
- Market Snapshot, By Price Point
- Market Snapshot, By Distribution Channel
- Market Snapshot, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Opportunities
Impact Analysis
Porter's Analysis
Industry Trends
Key Highlights
Epidemiology
Reimbursement Scenario
Regulatory Scenario
Product Launches and Approvals
Acquisition and Collaboration Scenario

4. Global Vegan Fashion Market - Impact of Coronavirus (COVID-19) Pandemic

Overall Impact
Government Initiatives
COVID-19 impact on the market

5. Global Vegan Fashion Market, By Product Type, 2019 - 2031, (USD Bn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Footwear
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Accessories
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Clothing
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

6. Global Vegan Fashion Market, By Gender, 2019 - 2031, (USD Bn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Men
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Women
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

7. Global Vegan Fashion Market, By Price Point, 2019 - 2031, (USD Bn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Premium
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Economic
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

8. Global Vegan Fashion Market, By Distribution Channel, 2019 - 2031, (USD Bn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Online
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Offline
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

9. Global Vegan Fashion Market, By Region, 2019 - 2031, (USD Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
- Regional Trends
  - North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Price Point, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - U.S.
  - Canada
  - Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Price Point, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - Brazil
  - Mexico
  - Argentina
  - Rest of Latin America
  - Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Price Point, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
  - Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Price Point, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Price Point, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Price Point, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

10. Competitive Landscape

Company Profiles
- Insecta Shoes Canada Inc.
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- ROMBAUT
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Nike
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Adidas
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Beyond Skin UK
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Monk Story
- Hexa Vegan Shoes
- Ethletic, Matt & Nat
- MooShoes
- Susi Studio
- Veerah
- AVESU GmbH.
- ASICS Corporation
- MooShoes
- Ahimsa
- Niche
- Lusso Lifestyle
- Vritti Designs
- Bar One Clothing

11. Analyst View

Wheel of Fortune
Analyst View
Coherent Opportunity Map

12. References and Research Methodology

References
Research Methodology
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