Asia Pacific Sustainable Footwear Market Size & Outlook
Asia Pacific sustainable footwear market, 2018-2030 (US$M)
Related Markets
Asia Pacific sustainable footwear market highlights
- The Asia Pacific sustainable footwear market generated a revenue of USD 869.0 million in 2022.
- The market is expected to grow at a CAGR of 8% from 2023 to 2030.
- In terms of segment, athletic was the largest revenue generating product in 2022.
- Non-athletic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 869.0 million |
| Market revenue in 2030 | USD 1,611.1 million |
| Growth rate | 8% (CAGR from 2022 to 2030) |
| Largest segment | Athletic |
| Fastest growing segment | Non-athletic |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Athletic, Non-athletic |
| Key market players worldwide | Adidas AG, Amour Vert, Tropicfeel, Rothy's, Veja, Nisolo, Matisse Footwear, Native Shoes, Threads 4 Thought, LMI Inc., Reformation |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 16.7% of the global sustainable footwear market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,611.1 million by 2030.
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Sustainable Footwear Market Scope
Sustainable Footwear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific sustainable footwear market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sustainable footwear market will help companies and investors design strategic landscapes.
Athletic was the largest segment with a revenue share of 99.88% in 2022. Horizon Databook has segmented the Asia Pacific sustainable footwear market based on athletic, non-athletic covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is expected to emerge as a lucrative market for the players owing to the rising number of fashion-conscious consumers who are more willing to pay a premium price for the products. The massive growth of the e-commerce industry in this region can be attributed to the increasing penetration of internet connectivity due to rapid urbanization.
Thus, consumers are opting to shop through e-commerce portals or company websites. The rise in online shopping is mainly attributed to the large number of millennial shoppers in the footwear segment. Major online sportswear retailers in Asia Pacific include Amazon, Flipkart, and Alibaba. Moreover, social media platforms have helped to create awareness about sustainable products and Gen Z and millennials are reacting to such issues.
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Target buyers of Asia Pacific sustainable footwear market databook
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Our clientele includes a mix of sustainable footwear market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific sustainable footwear market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific sustainable footwear market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific sustainable footwear market size, by country, 2018-2030 (US$M)
Asia Pacific Sustainable Footwear Market Outlook Share, 2022 & 2030 (US$M)
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