There are no animal based by products or components used in making of vegan products. The main difference between vegan footwear and regular footwear is that vegan shoes are not made with animal extract materials like leather, wool, skin, and others. Vegan products are free from beeswax, collagen, gelatin, honey, carmine, cholesterol, milk, lanolin, shellac, and other animal derived products which are serving as not only a healthier but also a far more human option. Vegan cosmetics are made from natural ingredients and are devoid of chemicals that are helpful for better skin and helps to boost the market growth. Vegan products are used for beautifying, maintain hygiene, or enhancing the appearance of consumers. Increasing the number of brands are turning to the production of vegan cosmetics that can boost the market growth.

Market Dynamics

Rising awareness about the health benefits of vegan products over animal by products that can help to boost the market growth. For instance, in September 2021, Puma a sport shoe manufacture company collaborated with a UK based environmental business company ‘First Mile’, Puma developed a new collection of footwear & clothing under this collaboration. 

To improve the quality of products and increase the demand of customers the manufactures are used the innovative components as well as procedures in their products such as liquid lipsticks and others can helps to drive the vegan fashion market growth. For instance, in February 2022, a UK based developer and distributor of vegan cosmetic, ‘Revolution Beauty Group’ acquired a US based vegan cosmetic brand, ‘Badass with a Heart (BH)’. The aim of this acquisition is the Revolution Beauty Group expanding the BH brand domestically, globally, and in the vegan market.

Rising popularity of vegan product in worldwide can hamper the vegan fashion market growth. Furthermore, high cost of vegan product can restraint the market growth.

Key features of the study:

• This report provides an in-depth analysis of the global vegan fashion market, its market size (US$ Bn), and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering as the base year
• It elucidates potential revenue opportunities across different segments and explains an attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new material type launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global vegan fashion market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include the global vegan fashion market include SUSI Studio, Insecta Shoes Canada Inc. ROMBAUT, In The Soulshine, Della La LLC, Reformation, Alabama Chanin, Wawwa, Doshi FCSA, Hiareth Collective, Komodo Fashion, Brave Gentle Man, ECOALF, Rapanui, and Tact & Stone
• Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
• The global vegan fashion market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global vegan fashion market

Detailed Segmentation:

• By Product Type
  • Footwear
  • Accessories
  • Clothing
  • Others
• By Gender
  • Men
  • Women
• By Price Point
  • Premium
  • Economic
• By Distribution Channel
  • Offline
    • Supermarket
    • Hypermarket
    • Specialty Stores
  • Online
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles
  • SUSI Studio
  • Insecta Shoes Canada Inc.
  • ROMBAUT
  • In The Soulshine
  • Della La LLC
  • Reformation
  • Alabama Chanin
  • Wawwa
  • Doshi FCSA
  • Hiareth Collective
  • Komodo Fashion
  • Brave Gentle Man
  • ECOALF
  • Rapanui
  • Tact & Stone