Europe Vegan Footwear Market By end-user (men, women, and others), By distribution channel (specialty stores, supermarkets/hypermarkets, convenience stores, and others), By material type (polyurethane, recycled plastics, microfiber, and others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
The Europe Vegan Footwear Market would witness market growth of 7.7% CAGR during the forecast period (2021-2027).
Over a billion animals are getting slaughtered by the leather industry itself for the manufacturing of various leather products like shoes, bags and belts, in which a significant portion is shared by footwear industry.
In addition, vegan footwear can also help in preventing water from pollution since animal leather requires more water and they can even pollute groundwater and streams. Along with that, vegan footwear helps in the conservation of various resources that are required for raising animals. Vegan footwear companies would witness a substantial rise in sales.
With the commencement of London Fashion Week that celebrates the British style with more creativity, excellence, and innovation, the fashion industry in the region is getting ready to shift to sustainable and ethical fashion products. Sustainability has become one of the major trends going on in the regional fashion industry, which is influencing common people to adopt sustainable clothing and footwear.
USDA in a report mentioned that the EU-vegetarian label has been a highly recognized and registered symbol that is used for labeling vegan and vegetarian products & services. Since Germany and Denmark are witnessing a high pace in the expansion of vegan people, the demand for various vegan products like vegan footwear would increase in the coming years.
The Germany market dominated the Europe Vegan Footwear Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $19.78 billion by 2027. The UK market is poised to grow a CAGR of 6.6% during (2021 - 2027). Additionally, The France market would experience a CAGR of 9% during (2021 - 2027).
Based on end-user, the vegan footwear market is fragmented into men, women, and others. Based on distribution channel, the vegan footwear market is divided into specialty stores, supermarkets/hypermarkets, convenience stores, and others. Based on material type, the vegan footwear market is classified into polyurethane, recycled plastics, microfiber, and others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Avesu GmbH, Garamont International Srl, Matt & Nat, MooShoes, Adidas AG, Nike, Inc., PUMA SE, Under Armour, Inc., and ASICS Corporation.
Scope of the Study
Market Segments covered in the Report:
By End user
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