Footwear Market Size

Footwear Market size was valued at USD 461.37 billion in 2024 and is likely to cross USD 777.87 billion by 2037, registering more than 4.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of footwear is estimated at USD 476.5 billion.

The primary drivers of the market's expansion are the expanding demand for athletic footwear, growing sales made possible by e-commerce, and footwear firms' large advertising budgets. In addition, a growing number of people are being motivated to participate in sports and fitness activities due to the increased prevalence of lifestyle-related health problems including stress and obesity. According to WHO; approximately 890 million persons aged 18 and over were obese, out of the 2.5 billion overweight adults in 2022. This translates to 43% of persons over the age of 18 who were overweight (43% of men and 44% of women); this is an increase from 25% of adults over the age of 18 in 1990.

This is driving up demand for fashionable yet comfortable footwear. Long before 2020, comfort rose at the top of the consumer priority list. Fashion footwear has been losing market share to more athleisure- and comfort-focused categories for years.