Adidas launches a vegan version of its iconic samba sneakers Adidas launches a vegan version of its iconic samba sneakers - Media Credit: Adidas

Vegan Footwear Market Expected To Surpass $24.8 Billion By End Of 2020, Says Report

Market researchers state 'interest in eco-friendly products' is a 'chief growth driver of vegan footwear sales'

By

1 Minutes Read

The vegan footwear market is expected to surpass $24.8 billion by the end of this year, according to a new report.

Researchers at Future Market Insights also predicts the market will increase at a CAGR of above seven percent between 2020 and 2030.

‘Eco-friendly products’

The report says ‘interest in eco-friendly products’ is a ‘chief growth driver of vegan footwear sales’ – adding that ‘the trend is unlikely to slow down in the coming years’. 

It also cites designers such as Stella McCartney for ‘flagging’ the trend of vegan trainers – stating that her fashion line has ‘shunned the use of leather, fur, and feathers without compromising on quality and design aspects’.

‘Fashion capitals of the world’

“While other leading brands such as Gucci, Versace, Burberry, and Chanel have joined the bandwagon and committed to no longer use fur, it is still a long way before vegan footwear takeover the fashion capitals of the world,” the report states.

“This however is unlikely to hold the market back. In the last couple of years several startups and online brands have ventured into the market and are recording accelerated pace of gains.”

You can read the full report here

Millions around the world trust Plant Based News for content about navigating our changing planet & our role in it.

Our independent team of journalists and experts are committed to making an impact through a wide range of content—and you can help by supporting our work today.

heading/author

The Author

Liam Gilliver

Liam is the former Deputy Editor of Plant Based News. He has written for The Independent, Huffington Post, Attitude Magazine, and more. He is also the author of 'We're Worried About Him'.

More by Liam Gilliver iconography/arrow-right

heading/comments

Leave a Comment

Plant Based News Comment Policy

In short:- If you act with maturity and consideration for other users, you should have no problems. Please read our Comment policy before commenting.

Comments are closed.

buttons/scroll-to-top/scroll-to-top-small-active