Vegan Footwear Market To Explode 2020
The vegan footwear market is predicted to surpass $24.8 billion by the end of December of this year, consistent with a brand new report.
Researchers at Future Market Insights also predicts the market will increase at a CAGR of above seven percent between 2020 and 2030.
The report says ‘interest in eco-friendly products’ may be a ‘chief growth driver of vegan footwear sales’ – adding that ‘the trend is unlikely to slow down much within the coming years’.
It also cites designers like Stella McCartney for ‘flagging’ the trend of vegan trainers – stating that her fashion line has ‘shunned the utilization of leather, fur, and feathers without compromising on quality and style aspects’.
‘Fashion capitals of the world’
“While other leading brands like Gucci, Versace, Burberry, Vegan Shoes It and Chanel have joined the bandwagon and committed to not use fur, it’s still a very long way way before vegan footwear takeover the style capitals of the planet ,” the report states.