Product Code: GVR-4-68039-656-6
Luxury Vegan Men's Fashion Market Growth & Trends:
The global luxury vegan men's fashion market size is expected to reach USD 49.32 billion by 2030, registering a CAGR of 11.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. The rising number of High-Net-worth Individuals (HNWI) and the growing popularity of vegan clothing and accessories made from cruelty-free sources among the millennial and Gen Z population across the world are anticipated to fuel the industry growth over the forecast period.
The increasing adoption of veganism has driven the demand for cruelty-free and environmentally friendly footwear across the globe. Several renowned brands are focusing on offering vegan footwear. Many of the new companies are adopting recycled materials to produce high-end vegan footwear. For instance, in 2018, Adidas introduced the vegan version of their popular Stan Smith sneakers, in collaboration with designer Stella McCartney. Furthermore, in 2019, the company launched a second version of the sneakers with colorful star patterns and chunky rainbow shoelaces.
The sudden outbreak of coronavirus has disrupted the supply chain, causing severe losses in terms of product shipment and on-time delivery. According to the Office of Textiles and Apparel (OTEXA), COVID-19 had a significant impact on global apparel imports for the complete year and the path to recovery of the industry cannot be expected to be quick. The value of U.S. apparel imports reduced by more than 60% in May 2020 when compared to the previous year, making a new record of single-month loss in trade volumes. Likewise, based on a report by luxury fashion firm Ralph Lauren Corporation, which deals with vegan apparel and accessories, the company is expected to take a hit of up to USD 70 million on its fourth-quarter sales due to the coronavirus outbreak and has stated that supply chain disruptions in China as one of the main reasons.
The vegan fashion market is both growing and transitioning toward the concept of sustainability as it offers an opportunity for brands to capture sales from increasingly environmentally conscious consumers. Established companies have been altering their production methods pertaining to vegan and eco-friendly materials to align themselves with changing trends. For instance, in July 2018, ECOALF launched Shao Sneakers made from algae and ocean plastic. Five plastic bottles sourced from the ocean are used to create the upper sole and algae is collected from lakes and rivers to create the outer sole.
Luxury Vegan Men's Fashion Market Report Highlights:
- Asia Pacific luxury vegan men's fashion market is expected to experience the fastest CAGR during the forecast period.
- The footwear segment is foreseen to remain at the forefront regarding market share and is projected to account for a total market share of 40.4% in 2024
- The accessories segment is projected to experience the fastest CAGR of 11.8% from 2025 to 2030.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Luxury Vegan Men's Fashion Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Profit Margin Analysis (Industry-level)
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunities
- 3.3.4. Market Challenges
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's Five Forces Analysis
- 3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Ingredient Adoption
- 4.5. Observations & Recommendations
Chapter 5. Luxury Vegan Men's Fashion Market: Product Estimates & Trend Analysis
- 5.1. Luxury Vegan Men's Fashion Market, By Product: Key Takeaways
- 5.2. Product Movement Analysis & Market Share, 2024 & 2030
- 5.3. Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 5.3.1. Accessories
- 5.3.1.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 5.3.2. Clothing & Apparel
- 5.3.2.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 5.3.3. Footwear
- 5.3.3.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
Chapter 6. Luxury Vegan Men's Fashion Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Luxury Vegan Men's Fashion Market, By Distribution Channel: Key Takeaways
- 6.2. Distribution Channel Movement Analysis & Market Share, 2024 & 2030
- 6.3. Market Estimates & Forecasts, by Distribution Channel, 2018 - 2030 (USD Million)
- 6.3.1. E-commerce
- 6.3.1.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 6.3.2. Hypermarkets/Supermarkets
- 6.3.2.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 6.3.3. Departmental Stores
- 6.3.3.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 6.3.4. Specialty Stores
- 6.3.4.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 6.3.5. Others
- 6.3.5.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
Chapter 7. Luxury Vegan Men's Fashion Market: Regional Estimates & Trend Analysis
- 7.1. Luxury Vegan Men's Fashion Market: Regional Outlook
- 7.2. Regional Marketplaces: Key Takeaways
- 7.3. Market Estimates & Forecasts, by Region, 2018 - 2030 (USD Million)
- 7.3.1. North America
- 7.3.1.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 7.3.1.2. U.S.
- 7.3.1.2.1. Key Country Dynamics
- 7.3.1.2.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 7.3.1.3. Canada
- 7.3.1.3.1. Key Country Dynamics
- 7.3.1.3.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 7.3.1.4. Mexico
- 7.3.1.4.1. Key Country Dynamics
- 7.3.1.4.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 7.3.2. Europe
- 7.3.2.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 7.3.2.2. U.K.
- 7.3.2.2.1. Key Country Dynamics
- 7.3.2.2.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 7.3.2.3. Germany
- 7.3.2.3.1. Key Country Dynamics
- 7.3.2.3.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 7.3.2.4. France
- 7.3.2.4.1. Key Country Dynamics
- 7.3.2.4.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 7.3.2.5. Italy
- 7.3.2.5.1. Key Country Dynamics
- 7.3.2.5.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 7.3.2.6. Spain
- 7.3.2.6.1. Key Country Dynamics
- 7.3.2.6.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 7.3.3. Asia Pacific
- 7.3.3.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 7.3.3.2. India
- 7.3.3.2.1. Key Country Dynamics
- 7.3.3.2.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 7.3.3.3. China
- 7.3.3.3.1. Key Country Dynamics
- 7.3.3.3.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 7.3.3.4. Japan
- 7.3.3.4.1. Key Country Dynamics
- 7.3.3.4.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 7.3.3.5. Australia
- 7.3.3.5.1. Key Country Dynamics
- 7.3.3.5.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 7.3.3.6. South Korea
- 7.3.3.6.1. Key Country Dynamics
- 7.3.3.6.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 7.3.4. Latin America
- 7.3.4.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 7.3.4.2. Brazil
- 7.3.4.2.1. Key Country Dynamics
- 7.3.4.2.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 7.3.5. Middle East
- 7.3.5.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 7.3.5.2. South Africa
- 7.3.5.2.1. Key Country Dynamics
- 7.3.5.2.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
Chapter 8. Luxury Vegan Men's Fashion Market: Competitive Analysis
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Ingredient Benchmarking
- 8.6. Company Market Share Analysis, 2024 (%)
- 8.7. Company Heat Map Analysis
- 8.8. Strategy Mapping
- 8.9. Company Profiles
- 8.9.1. Thought Clothing
- 8.9.1.1. Company Overview
- 8.9.1.2. Financial Performance
- 8.9.1.3. Ingredient Portfolios
- 8.9.1.4. Strategic Initiatives
- 8.9.2. Komodo Fashion
- 8.9.2.1. Company Overview
- 8.9.2.2. Financial Performance
- 8.9.2.3. Ingredient Portfolios
- 8.9.2.4. Strategic Initiatives
- 8.9.3. Brave GentleMan
- 8.9.3.1. Company Overview
- 8.9.3.2. Financial Performance
- 8.9.3.3. Ingredient Portfolios
- 8.9.3.4. Strategic Initiatives
- 8.9.4. Ecoalf
- 8.9.4.1. Company Overview
- 8.9.4.2. Financial Performance
- 8.9.4.3. Ingredient Portfolios
- 8.9.4.4. Strategic Initiatives
- 8.9.5. Wuxly
- 8.9.5.1. Company Overview
- 8.9.5.2. Financial Performance
- 8.9.5.3. Ingredient Portfolios
- 8.9.5.4. Strategic Initiatives
- 8.9.6. A.BCH
- 8.9.6.1. Company Overview
- 8.9.6.2. Financial Performance
- 8.9.6.3. Ingredient Portfolios
- 8.9.6.4. Strategic Initiatives
- 8.9.7. CARPASUS
- 8.9.7.1. Company Overview
- 8.9.7.2. Financial Performance
- 8.9.7.3. Ingredient Portfolios
- 8.9.7.4. Strategic Initiatives
- 8.9.8. Toad&Co.
- 8.9.8.1. Company Overview
- 8.9.8.2. Financial Performance
- 8.9.8.3. Ingredient Portfolios
- 8.9.8.4. Strategic Initiatives
- 8.9.9. Will's Vegan Shoes
- 8.9.9.1. Company Overview
- 8.9.9.2. Financial Performance
- 8.9.9.3. Ingredient Portfolios
- 8.9.9.4. Strategic Initiatives
- 8.9.10. vegan outfitter (Look Good Do Good Ltd.)
- 8.9.10.1. Company Overview
- 8.9.10.2. Financial Performance
- 8.9.10.3. Ingredient Portfolios
- 8.9.10.4. Strategic Initiatives