Merino Wool Shoes Market is Projected to be Dominated by the Adult Segment Till 2027
The
growing demand for sustainable, eco-friendly, and premium quality walking shoes
is primarily driving the growth of global merino wool shoes market.
According
to TechSci report on, “Merino Wool Shoes
Market - By Region, Competition Forecast &
Opportunities, 2027”, the merino wool shoes market is anticipated
to grow with a lucrative CAGR over the forecast period of 2023-2027. The market
growth can be attributed to the rising need for lightweight and comfortable
walking shoes such as merino wool shoes. Moreover, factors such as increased
per capita income of the people living in developing countries, high standards
of living, and expansion of distribution channels are also adding to the market
growth. Furthermore, merino wool is breathable, therefore the shoes made from
merino wool keeps the individual cool in the summer and warm in the winter. In
addition, merino wool is naturally resistant to dirt, fire, and water, and it
has a skin-friendly lanolin, therefore, it is easy to keep clean, which
enhances their durability. Apart from this, merino wool shoes are sustainable
and eco-friendly as well, which is why they are gaining wide traction across
several countries. In line with this, the growing awareness regarding the cost
to the environment that traditional shoes made out of rubber causes is adding to
the high demand for sustainable shoes like the ones made from natural fiber
such as merino wool. A single pair of shoes takes around 40 years to decompose
in a landfill. As a result, governments of several nations are also supporting
the manufacturing of marine wool shoes. Apart from this, the growing concerns
among individuals regarding their health are adding to the sales of merino wool
shoes, which are considered ideal for brisk walking.
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The global merino wool shoes market is segmented by
type, end-user, distribution channel, competitive landscape, and regional
distribution. Based on the type, the market is bifurcated into adults and
children. Among these, the adult segment is anticipated to hold a significant
market share over the coming years. The adult population ranging between the
age of 15 to 65 years are more inclined toward fitness activities like walking,
hiking, and yoga, hence the demand for merino wool shoes is more from this
segment. Moreover, individuals ageing 45 and above start to develop orthopedic
issues in the ankle and joints; therefore, they require comfortable and
lightweight shoes to correct the deformities. In addition, the introduction of
orthopedic insoles in merino wool shoes is supporting the sales of the product
in the adult segment.
By end-user, the market is segmented between men,
women, kids, and unisex. Among these, the women segment is anticipated to hold
a prominent market share in the coming years. Women are more inclined towards
low-intensity sport activities such as walking or brisk walking. The merino
wool shoes are the ideal shoes for walking. Moreover, the rise in working women
population along with the increased purchasing power of the women are augmenting
the demand for such comfortable products.
Based on the distribution channel, the market is
divided between offline and online. Among these, the online mode of
distribution is anticipated to hold a prominent market share in the coming
years. The online retail channels offer a series of benefits such as wide
variety of products to choose from, lucrative discounts and cashback offers,
and door-step delivery. Moreover, the online retail websites also allow the
buyer to easily exchange or get the refund for the product if it does not fit
well to the customer. As a result, the online distribution channel is
anticipated to propel the global merino wool shoes market over the coming
years.
A list of major
market players of the merino wool shoes market includes:
- Allbirds, Inc
- Giesswein Walkwaren
AG
- Glerups Inc.
- BAABUK Sàrl
- Felts Health Shoes
Ltd
- 21K Footwear Ltd
(mahabis)
- Neeman’s Privated
Limited
- PRFO Sports
- Babooshka LLC
(Cozyz Shoes)
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“On the geographical front, the Asia Pacific segment
is anticipated to hold a significant market share in the coming years. This is
primarily because of the rising population across the countries such as China
and India and their increased spending power, leading to more sales of merino
wool shoes in the region. Besides, the growing demand for sustainable and
organic products and increasing awareness among consumers for merino wool shoes
are also expected to contribute to the growth of the global merino wool shoes
market during the forecast period.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Merino Wool Shoes Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type (Adult,
Children), By End-User (Men, Women, Kids, Unisex)), By Distribution Channel
(Offline, Online) and By Region” has evaluated the future growth potential of merino
wool shoes market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in merino wool shoes market.
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