PUBLISHER: Grand View Research | PRODUCT CODE: 1529829
PUBLISHER: Grand View Research | PRODUCT CODE: 1529829
The global sustainable footwear market size was estimated to reach USD 12.96 billion in 2030, registering a CAGR of 6.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. Over the past decade, consumers have become increasingly aware of the environmental impact of their purchasing decisions. They are more conscious of the materials used in products, their sourcing, and the carbon footprint associated with their production. This heightened awareness has led many consumers to seek eco-friendly alternatives, including footwear.
Innovations in sustainable materials, such as recycled plastics, organic cotton, and renewable materials like bamboo or cork, have enabled footwear manufacturers to create products that align with eco-friendly values. In addition, eco-conscious production methods, such as reduced waste, energy efficiency, and ethical labor practices, have become more prevalent in the industry.
Non-athletic footwear is in high demand across the globe. This significant market presence can be attributed to the rising trend of consumers actively making socially responsible fashion choices, thereby fueling the demand for non-athletic sustainable footwear options. Furthermore, the expanding variety of sustainable casual shoe offerings for women and men is pivotal in propelling market growth. Due to the ongoing innovations in sustainable materials, including the use of recycled and vegan materials, fashion brands now have the means to craft fashionable and environmentally-conscious footwear alternatives.
The growth of the men's sustainable footwear segment is primarily driven by the growing interest in sustainable athletic footwear and related technological advancements, which are spurring demand among male consumers. The rising participation of men in sports and fitness activities is also a driving force behind the increasing demand for sustainable athletic footwear. To cater to this trend, athletic footwear manufacturers continually enhance their product offerings, focusing on innovation and sustainability to align with the preferences and values of active male consumers. In response, athletic footwear producers are introducing innovative and sustainable choices tailored specifically to the needs and ideals of active men.
In Asia Pacific, the progress in sustainable material sourcing and manufacturing methods has facilitated the production of environmentally friendly footwear without compromising affordability. Governments in this region are also actively addressing environmental issues by implementing regulations and incentives to promote sustainability in manufacturing processes and products, including footwear.