Shoe Care Market Growth & Trends
The global shoe care market size is expected to reach USD 6.25 billion by 2030, expanding at a CAGR of 4.0% from 2024 to 2030. Growing popularity of premium footwear products including Oxford shoes and Blücher among working class professionals on a global level is expected to expand the scope of various types of polishes and cleaners. Furthermore, increasing number of educational institutes and corporate organizations in the developing nations including China and India is expected to expand the scope of formal footwear. This, in turn, will prompt the scope of shoe care products.
Shoe cleaning products including soaps and deodorizers are expected to account for 29.5% share of global revenue in 2025. For instance, shoe deodorizers have gained significant popularity among consumers. In September 2018, Panasonic Corporation launched MS-DS100 deodorizer. The product has the original ion particles, “nanoe X” that removes unpleasant odors from footwear and spreads through its six outlets. This deodorizer can also be operated on a mobile battery. Japan based Panasonic Corporation planned to produce 1,000 units of these deodorizers per month.
Expanding corporate and education sectors in developing economies including China and India is anticipated to open new avenues for the market. In addition, increasing awareness regarding health and fitness is fueling the sales of sports footwear in this region. As a result, demand for sneaker care products has increased significantly.
Furthermore, increasing number of women professionals in developing countries including India and Thailand is expected to promote the demand for the product in these economies. Leading brands including Kiwi have expanded their product portfolio in order to cater to the demand of women over the last few years. Key competitors of this industry include Caleres Inc.; S. C. Johnson & Son, Inc.; Grangers International; Payless; Implus LLC; Shinola; Charles Clinkard; Salamander; and Griffin.
Shoe Care Market Report Highlights
- North America dominated the shoe care market with a market share of 33.7% in 2023. The U.S. dominated the North American market in 2023
- Asia Pacific had a market share of 23.5% in 2023. This growth is due to the increased use of formal and sports shoes in developing countries such as Japan, India, and China.
- The offline segment dominated the market in 2023, with a share of 79.8% in 2023 owing to the high presence of footwear stores globally.
- The shoe polish segment dominated the market in 2023, with a share of 61.1% in 2023. The growth is significant as the consumption of shoe polishes is already high in the formal and casual footwear segment.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Shoe Care Market Variables, Trends, & Scope
Chapter 4. Shoe Care Market: Product Estimates & Trend Analysis
Chapter 5. Shoe Care Market: Application Estimates & Trend Analysis
Chapter 6. Shoe Care Market: Distribution Channel Estimates & Trend Analysis
Chapter 7. Shoe Care Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Landscape
Companies Mentioned
- S. C. Johnson & Son, Inc.
- Caleres
- Payless ShoeSource Inc.
- Shinola
- Charles Clinkard
- Schuhhaus Klauser GmbH & Co. KG
- Implus
- GRANGERS
- Angelus Shoe Polish
- Griffin Shoe Care
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 4.74 Billion |
| Forecasted Market Value ( USD | $ 6.25 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
