The Europe Vegan Footwear Market is expected to witness market growth of 10.9% 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 is expected to 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 is expected to increase in the coming years.
The Germany market dominated the Europe Vegan Footwear Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $2.36 billion by 2027. The UK market is poised to grow a CAGR of 9.8% during (2021 - 2027). Additionally, The France market is expected to experience a CAGR of 12.3% 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
- Men
- Women
- Others
By Distribution Channel
- Specialty Stores
- Supermarkets/Hypermarkets
- Convenience Stores
- Others
By Material Type
- Polyurethane
- Recycled plastics
- Microfiber
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Avesu GmbH
- Garamont International Srl
- Matt & Nat
- MooShoes
- Adidas AG
- Nike, Inc.
- PUMA SE
- Under Armour, Inc.
- ASICS Corporation
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Companies Mentioned
- Avesu GmbH
- Garamont International Srl
- Matt & Nat
- MooShoes
- Adidas AG
- Nike, Inc.
- PUMA SE
- Under Armour, Inc.
- ASICS Corporation
Methodology
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