Latin America Sustainable Footwear Market Size & Outlook
Latin America sustainable footwear market, 2018-2030 (US$M)
Related Markets
Latin America sustainable footwear market highlights
- The Latin America sustainable footwear market generated a revenue of USD 548.1 million in 2022.
- The market is expected to grow at a CAGR of 5.6% from 2023 to 2030.
- In terms of segment, non-athletic was the largest revenue generating product in 2022.
- Athletic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 548.1 million |
| Market revenue in 2030 | USD 848.3 million |
| Growth rate | 5.6% (CAGR from 2022 to 2030) |
| Largest segment | Non-athletic |
| Fastest growing segment | 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, Latin America region accounted for 10.6% 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 |
|---|
Latin America 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.
Non-athletic was the largest segment with a revenue share of 63.86% in 2022. Horizon Databook has segmented the Latin America sustainable footwear market based on athletic, non-athletic covering the revenue growth of each sub-segment from 2018 to 2030.
Rising consumer awareness and concern over environmental conservation, along with supportive initiatives by government and private organizations, is driving the demand for sustainable footwear in the region. For instance, in 2014, the Inter-American Development Bank announced the Emerging and Sustainable Cities Initiative to create awareness about the concept of sustainability among the people and to ensure carbon- and climate-resilient development in the region.
Additionally, high demand for various types of footwear, including sneakers, lace ups, court shoes, ankle heels, and stilettos, among the people is expected to drive the demand for footwear in the region. People have been considering the impact their actions and consumer choices have on the environment and have been more open to buying sustainable apparel and accessories, including footwear. This is expected to have a positive influence of the market growth.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America sustainable footwear market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America sustainable footwear market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America sustainable footwear market size, by country, 2018-2030 (US$M)
Latin America Sustainable Footwear Market Outlook Share, 2022 & 2030 (US$M)
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