Footwear Market expected to reach USD 399.304 billion by 2030

Footwear Market Trends & Forecast

According to a research study published by Knowledge Sourcing Intelligence (KSI), the footwear market will expand from USD 285.804 billion in 2025 to USD 399.304 billion in 2030 at a CAGR of 6.92% during the forecast period.

The global footwear market is a dynamic sector, driven by evolving shoe market trends and consumer preferences. Online footwear sales have surged, fueled by e-commerce growth and seamless digital experiences. D2C footwear brands are reshaping the market, offering personalized, high-quality products directly to consumers, bypassing traditional retail. The premium footwear market thrives on innovation, sustainability, and luxury appeal, while mass market footwear caters to affordability and accessibility. Advanced manufacturing and design technologies enhance product differentiation across both segments. As consumer demand shifts toward convenience and customization, the footwear market continues to adapt, delivering value to industry stakeholders.

This global market will grow primarily due to the rising demand for footwear as the population increases. Furthermore, the growing awareness of shoes in underdeveloped countries and the purchasing power of the people will lead to market growth in emerging economies, such as the Asia-Pacific region. The innovation in footwear-making technology might further spur the market expansion. Athletic shoe choices with customization features will drive market expansion.

Footwear Market Report Highlights

• By Type, athletic footwear represents the largest and fastest-growing segment in the global footwear market, driven by rising health awareness, increasing participation in sports and fitness activities, and growing demand for athleisure wear. Consumers increasingly view athletic shoes as both performance gear and lifestyle fashion, boosting sales across running, training, and casual sports categories. Non-athletic footwear, including formal shoes, casual wear, boots, and sandals, continues to hold a significant market share due to daily wear requirements and fashion-driven purchasing, supported by seasonal collections and brand collaborations.
• By End-User, the men’s segment leads the global footwear market due to higher frequency of purchases across formal, athletic, and casual categories, as well as a strong preference for branded and performance-oriented footwear. The women’s segment is experiencing rapid growth, supported by rising fashion consciousness, evolving workplace participation, and growing demand for stylish yet comfortable footwear. The children’s segment, while smaller in scale, is expanding steadily due to population growth, faster replacement cycles, and increasing spending on durable and branded kids’ footwear.
• By Distribution Channel, offline retail remains the dominant segment, driven by consumer preference for physical try-ons, size verification, and in-store shopping experience through specialty footwear stores, malls, and brand outlets. However, online channels are the fastest-growing, supported by increasing smartphone penetration, direct-to-consumer brand strategies, and the convenience of home delivery and easy returns. The rapid growth of e-commerce platforms and digital payment systems is significantly reshaping purchasing behavior, particularly among younger and urban consumers.

Report Coverage:

Report Metric	Details
Footwear Market Size in 2025	USD 285.804 billion
Footwear Market Size in 2030	USD 399.304 billion
Growth Rate	CAGR of 6.92%
Drivers	Booming Fitness Trend Growing Population Expanding Consumer Base
Restraints	Volatile Raw Material Costs
Segmentation	Type End-User Distribution Channel Geography
List of Major Companies in the Footwear Market	Wolverine World Wide, Inc. Liberty Shoes Limited Crocs Inc. VF Corporation Deckers Outdoor Corporation

Footwear Market Growth Drivers and Restraints

Growth Drivers:

• Booming Fitness Trend: The booming fitness trend among millennials has led to an upsurge in sports activities such as going to the gym, cycling, aerobics, and others.  Thus, the surging trend of fitness among millennials and Gen Z has led to an upsurge in demand for active footwear such as gym and cycling shoes. This is increasing the need for lightweight and comfortable shoes for athletes.

As per the data by the Wellness Creative Co., a health and fitness marketing agency, there are 184 million gym members worldwide and 72 million gym members in the USA, which is 23.7% of the population, highlighting health and fitness awareness among people. It underscores a global shift toward health and fitness consciousness, which is significantly driving demand for footwear, particularly in the athletic and activewear segments. Consumers also demand trendy and quirky styles of footwear, especially for sneakers; hence, companies are forming creative partnerships in the market.

• Growing Population Expanding Consumer Base: One of the prime factors supporting the market expansion is the increasing population worldwide. With the support of additional factors, such as increasing disposable income and comfort requirements in footwear, the demand for footwear in the market is increasing.

There is a constant increase in the global population, leading to rising demand for footwear. According to the United Nations, there will be approximately 10.3 billion people by mid-2080, from 8 billion in 2022. It is estimated to grow from 8.23 billion in 2025, 8.56 billion in 2030, to 8.85 billion by 2035. As the population rises, the number of potential footwear consumers increases proportionally, and with the increasing income and growing urbanization, the demand will accelerate. The rising demand owing to the population growth is fulfilled with the trending, creative, and innovative footwear by the prevailing market leader.

Restraints:

• Volatile Raw Material Costs: The‍‌‍‍‌ worldwide footwear market is continually challenged by changes in the prices of raw materials that have a major effect on production costs. The demand for materials like natural leather, synthetic leather, rubber, EVA foam, polyurethane, and specialized performance textiles is affected by supply–demand imbalances in various parts of the world, disruptions due to climate change, and fluctuations in currencies. These changes in the cost of materials cause manufacturers to become unstable, as they work within very narrow margins, particularly in mass-market segments, where a slight increase in material prices can drastically affect the profit ‍‌‍‍‌margin.

Footwear Market Key Development

• Product Launch: In October 2025, Nike unveiled Project Amplify, the world’s first powered footwear system for running and walking, featuring a lightweight motor, drive belt, and rechargeable cuff battery integrated with a carbon-fiber-plated running shoe; developed in collaboration with robotics partner Dephy.
• Product Introduction: In October 2025, Nike introduced its first neuroscience-based footwear, the Mind 001 mule and Mind 002 sneaker, via its new Nike Mind platform, designed to help athletes lock in mindset by activating key sensory receptors in the feet.

Footwear Market Segmentation

Knowledge Sourcing Intelligence has segmented the Global Footwear Market based on type, end-user, distribution channel and region:

Footwear Market, by Type

• Athletic
• Non-Athletic

Footwear Market, by End-User

• Men
• Women
• Children

Footwear Market, by Distribution Channel

• Online
• Offline

Footwear Market, By Region

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Taiwan
  • Thailand
  • Indonesia
  • Others
• South America
  • Brazil
  • Argentina
  • Others
• Middle East and Africa (MEA)
  • Saudi Arabia
  • UAE
  • Others

Footwear Market Key Players

• Nike, Inc.
• Adidas AG
• Puma SE
• Skechers USA, Inc.
• Bata Corporation
• Under Armour, Inc.
• ASICS Corporation
• Geox S.p.A
• Timberland LLC
• ECCO Sko A/S
• New Balance Athletics, Inc.
• Wolverine World Wide, Inc.
• Liberty Shoes Limited
• Crocs Inc.
• VF Corporation
• Deckers Outdoor Corporation

About Knowledge Sourcing Intelligence (KSI)

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm headquartered in India. Backed by seasoned industry experts, we offer syndicated reports, customized research, and strategic consulting services. Our proprietary data analytics framework, combined with rigorous primary and secondary research, enables us to deliver high-quality insights that support informed decision-making. Our solutions empower businesses to gain a competitive edge in their markets. With deep expertise across ten key sectors, including ICT, Chemicals, Semiconductors, and Healthcare, we effectively address the diverse needs of our global clientele.