Casual Shoes Market - Forecast(2025 - 2031)

Casual Shoes Market Overview 

Casual Shoes Market is estimated to reach $163.1 billion by 2030, growing at a CAGR of 7.4% from 2024 to 2030. Casual Shoes styles typically refer to comfortable, relaxed footwear for informal occasions. The growing preference for comfort, fashion consciousness, evolving trends towards healthy lifestyles, and innovation in material developments are some of the driving factors of the Casual Shoes market. 
Growing environmental awareness has led brands to adopt sustainable practices, incorporating eco-friendly materials like recycled plastics, organic cotton, and biodegradable components. This shift has gained significant traction in the Casual Shoes market. For instance, in September 2024, a Filipino shoe brand “Triloueva” emerged as the leading shoe brand in the market for its eco-friendly footwear, which offers trendy and comfortable designs crafted from vegan leather, locally sourced fabric, and exquisite wooden heels.

Additionally, carbon-neutral production initiatives have bolstered sustainability efforts. Meanwhile, the rising popularity of athleisure fuels the market, with casual sneakers and hybrid designs blending functionality and style. Comfort-driven footwear, such as Crocs and chunky sandals, has also become mainstream, highlighting this evolving trend. In 2024, footwear giant Bata India achieved a remarkable milestone, surpassing 500 franchise outlets for the first time. The company experienced steady demand growth for premium and casual footwear, driving an increase in average selling prices (ASP) and expanding the share of higher-end products under brands like Hush Puppies, Red Label, Floatz, and North Star.

Market Snapshot: 

Casual Shoes Market - Report Coverage:

The report: “Casual Shoes Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Wireless Earbuds Industry.

COVID-19 / Ukraine Crisis - Impact Analysis:  

•    The COVID-19 pandemic significantly impacted the Casual Shoes market, leading to both challenges and opportunities. Initially, global lockdowns and supply chain disruptions caused production delays and inventory shortages. Reduced consumer spending due to economic uncertainty and lifestyle changes further dampened demand, particularly for non-essential items like footwear. However, the pandemic also spurred growth in certain segments. With remote work and relaxed lifestyles becoming the norm, demand for comfortable, versatile Casual Shoes surged. Consumers prioritized functionality and comfort over formal footwear. Additionally, brands began focusing on digital channels, sustainable practices, and innovative designs to adapt to the changing market dynamics, setting the stage for recovery and growth post-pandemic.

•    The Russia-Ukraine conflict has created ripple effects in the global Casual Shoes market, disrupting supply chains, increasing production costs, and influencing consumer behavior. The conflict has led to rising raw material prices, particularly leather, rubber, and textiles, due to supply shortages and inflation. Energy price surges have further increased manufacturing and transportation costs, straining profit margins for footwear brands. Consumer spending in affected regions has also declined amid economic instability. To adapt, companies are diversifying their supply chains, exploring alternative materials, and focusing on other growth markets to mitigate the impact of this geopolitical crisis.

Key Takeaways:

Sneakers is the Largest Type in the Casual Shoes Market

In the Casual Shoes market segmented by type, the Sneaker segment is experiencing the fastest growth with a CAGR of 9.1% from 2024 to 2030. Sneakers offer ergonomic designs with features like cushioning, arch support, and lightweight materials. They are the largest product type in the Casual Shoes market. Their dominance is driven by the growing popularity of athleisure trends, which prioritize comfort and versatility in footwear. Sneakers are highly favored for their adaptability, as they can be worn in a variety of settings, including work-from-home setups, casual outings, and fitness activities. Their modern designs make them suitable for both casual and semi-formal occasions. For instance, “Moon Boot” is stepping off the slopes and onto city streets this fall with the launch of its first ambidextrous sneaker model called the “Park Icon” sneaker, the silhouette features some of the company’s signature design. With the Park Icon, the lacing is the same as the iconic Moon Boot, but the design is that of a slip-on sneaker. The shoe is available in black, pink, blue, cream, and elephant grey colorways with a white sole and laces. 

North America is the Largest Geography in the Wireless Earbuds Market

North America’s region emerges as the leader, holding the majority market share of 37% in the year 2023 driven by high consumer spending, diverse lifestyles, and a strong focus on comfort and fashion. The region’s growing preference for athleisure and versatile footwear has boosted demand for Casual Shoes that blend style and functionality. With a well-established retail infrastructure and significant online shopping penetration, consumers have easy access to a wide range of casual footwear options. Leading brands in North America also prioritize innovation, incorporating sustainable materials, ergonomic designs, and advanced technologies in their products. Additionally, the rise of remote work and relaxed dress codes has further increased the popularity of Casual Shoes, solidifying North America's position as the largest market for this footwear segment. Lululemon launched a new sneaker called “Beyondfeel running shoe “on March 19, 2024. A new running shoe that puts cushioning at the forefront which is built so the runner experiences a softer heel-to-toe glide through Lululemon’s exclusive supercritical midsole foam, ventilation, and support in the mesh upper. It also features confident traction and flection in the outsole that enables a more comfortable and cushioned run.

Leather is the Largest Material in the Casual Shoes Market

Leather dominates the global Casual Shoes market as the largest material segment, valued for its durability, versatility, and premium appeal. Its natural properties, such as breathability, flexibility, and long-lasting quality, make leather a preferred choice for both manufacturers and consumers. Leather is widely used in various Casual Shoes styles, including loafers, sneakers, and boots, catering to diverse consumer preferences. The material's ability to blend functionality with a classic aesthetic has sustained its popularity over time. Adidas introduced a new variation of its “Samba” sneaker model in October 2024 which has a premium twist using a glossy brown calf leather material dubbed the Vaschetta Tan colorway palette. It is hand-polished by Italian craftsmen and it is a part of its Made in Italy series. Additionally, advancements in leather processing and the availability of eco-friendly options, such as vegetable-tanned and recycled leather, have further strengthened its position. As consumers increasingly seek sustainable and high-quality footwear, leather continues to be a key driver in the Casual Shoes market.

Growing Preference for Comfort to Drive the Market

The growing preference for comfort is a significant driver of the Casual Shoes market, as consumers prioritize footwear that offers ease and support for daily wear. Modern Casual Shoes are designed with features like cushioned insoles, breathable materials, lightweight construction, and ergonomic designs to enhance comfort and foot health. As lifestyles become more active, with people engaging in long hours of walking, working, or commuting, comfort has become a key factor in footwear choices. According to Forbes, the On Cloud 5 is the top pick overall as it has features that include a lightweight, versatile shoe with plenty of cushy foam for all-day relief. Additionally, the rise of remote work and relaxed dress codes has further increased demand for comfortable, stylish Casual Shoes that can be worn all day. This shift towards comfort-driven footwear is shaping the market, with brands innovating to meet consumers' needs for both functionality and style. 

Sustainability Demands to Hamper the Market

As consumers become more environmentally conscious, brands are under pressure to adopt sustainable practices. Sourcing eco-friendly materials, reducing waste, and ensuring ethical production processes can be challenging, particularly for companies with established supply chains. Furthermore, ensuring product transparency and meeting strict environmental standards can be challenging for companies with established processes. Smaller brands may struggle to compete with larger players who have more resources to implement sustainable initiatives, further complicating market dynamics. Despite these challenges, sustainability remains a crucial factor for long-term market growth, and brands that successfully navigate these demands may benefit from stronger consumer loyalty and a competitive edge. However, in the short term, the transition to sustainable practices can present obstacles for the Casual Shoes market which needs to be taken care. However, in October 2023, Brighton graduate Alex Witty launched Compound Footwear, a sustainable sneaker brand made from recycled motorsport tyres. The sneakers feature tyre rubber soles, waste leather uppers, and recycled polyester linings. The company also pledges to donate funds for rainforest preservation with each pair sold. Developments like these address the challenge of meeting increasing consumer demand for eco-friendly options, helping to shape a more sustainable Casual Shoes market.

  
For More Details on This Report - Request for Sample

Casual Shoes Market Key Players-

The top 10 players in the Casual Shoes Market are:
      
1.    Adidas
2.    Nike
3.    Puma
4.    Skechers
5.    Bata
6.    Reebok
7.    Fila
8.    Woodland
9.    Lee Cooper
10.    Underarmour

Scope of the Report: 

For more Consumer Products and Services Market related reports, please click here