South Africa Sustainable Footwear Market Size & Outlook
South Africa sustainable footwear market, 2018-2030 (US$M)
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South Africa sustainable footwear market highlights
- The South Africa sustainable footwear market generated a revenue of USD 61.4 million in 2022 and is expected to reach USD 80.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.4% 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.
Sustainable footwear market data book summary
| Market revenue in 2022 | USD 61.4 million |
| Market revenue in 2030 | USD 80.4 million |
| Growth rate | 3.4% (CAGR from 2022 to 2030) |
| Largest segment | Non-athletic |
| Fastest growing segment | Athletic |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, South Africa accounted for 1.2% of the global sustainable footwear market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa sustainable footwear market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 80.4 million by 2030.
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Sustainable Footwear Market Scope
Sustainable Footwear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 64.01% in 2022. Horizon Databook has segmented the South Africa sustainable footwear market based on athletic, non-athletic covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa accounted for a revenue share of 21.3% in the Middle East & Africa market in 2019. Improving economic affluences and increasing education opportunities have instilled the concept of sustainability among consumers in the country. A number of fashion and apparel brands, including Earthling & Moon, Hemp Love, Fundudzi by Craig Jacobs, The Joinery, Spiritgirl, Sitting Pretty, and Piece, have already set the tone for sustainable products in the country, with considerable demand through both online and offline channels.
This trend is expected to seep into the footwear segment in the near future, thereby driving the market for sustainable footwear. The e-commerce industry in South Africa is expected to witness rapid growth in the coming years owing to high internet penetration. This is expected to favor the sales of footwear through these channels. According to data from Internet World Stats, the internet penetration rate in the country was 49.3% in 2019, rising from just under 20% in 2010.
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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 country-level data and insights on the South Africa sustainable footwear market , including forecasts for subscribers. This country databook contains high-level insights into South Africa sustainable footwear market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa sustainable footwear market size, by product, 2018-2030 (US$M)
South Africa Sustainable Footwear Market Outlook Share, 2022 & 2030 (US$M)
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