In May 2024, Allied Market Research published a new report that concluded that the global vegan footwear market size is expected to reach $300,199.6 million by 2030 at a Compound Annual Growth Rate (CAGR) of 6.8% from 2021 to 2030.

The report is titled, “Vegan Footwear Market Size, Share, Competitive Landscape and Trend Analysis Report by End User, Material Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast 2021-2030”

According to the report, the vegan footwear market was valued at $157,898.2 million in 2020. By end user, the children’s segment is estimated to see the fastest growth, with a CAGR of 9.4% during the forecast period. 

The report divides the material type into microfiber, polyurethane, recycled plastics, and others. In 2020, the polyurethane segment was valued at $72,463.3 million, accounting for 45.9% of the global vegan footwear market share. In 2020, the US was the most prominent market in North America and is projected to reach $22,827.8 million by 2030, growing at a CAGR of 6.2% in 2030. The women’s segment is also expected to be the fastest-growing segment because of the large variety of women’s footwear on the market.

The report states that the escalating environmental concerns regarding plastic waste accumulation and the rising awareness regarding animal rights are the two major drivers of the global vegan footwear market. Governments wanting to reduce carbon footprint, increase environmental protection, control plastic waste, and reduce animal cruelty are spreading awareness regarding the use of eco-friendly products, like vegan footwear. Additionally, the rising vegan population across the globe is propelling the demand for vegan-friendly alternatives to animal products, and as footwear has been dominated by animal leather for centuries, this sector is likely to change a lot in the coming years. 

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Jordi Casamitjana
“Originally from Catalonia, but resident in the UK for several decades, Jordi is a vegan zoologist and author, who has been involved in different aspects of animal protection for many years. In addition to scientific research, he has worked mostly as an undercover investigator, animal welfare consultant, and animal protection campaigner. He has been an ethical vegan since 2002, and in 2020 he secured the legal protection of all ethical vegans in Great Britain from discrimination in a landmark employment tribunal case that was discussed all over the world. He is also the author of the book, ‘Ethical Vegan: a personal and political journey to change the world’.