In 2022, the United Kingdom women’s footwear market size reached US$ 2,015.9 million. By 2033, it is projected to surpass US$ 3,751.8 million. During the forecast period from 2023 to 2033, revenue is expected to grow at a CAGR of 5.9%.
The expansion of the fashion industry has been instrumental in driving the demand for women’s footwear. Renowned for its dynamic fashion scene, the United Kingdom places considerable emphasis on footwear as a pivotal element of individual style and self-expression for women.
In the era of social media and fashion influencers, consumer preferences are increasingly shaped by the latest trends in shoes. This trend is anticipated to fuel a surge in demand for diverse options in women’s footwear.
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Footwear manufacturers are constantly investing in research & development to introduce innovative technologies and materials in their products. These advancements often aim to enhance comfort, performance, and durability. It is expected to push the market for sneakers and boots in the United Kingdom.
Key Takeaways from the United Kingdom Women’s Footwear Market Study:
- The market for women’s footwear in the United Kingdom grew at a CAGR of 3% in the historical period from 2018 to 2022.
- The sneaker segment is anticipated to surge at a 3% CAGR during the projection period in the women’s footwear market across the United Kingdom.
- Based on material, the leather segment is expected to rise at a 2% CAGR during the assessment period.
- In terms of sales channels, the online platforms segment is likely to rise at a CAGR of 4% through 2033.
- The United Kingdom women’s footwear industry was valued at US$ 2,015.9 million in 2022.
“Growing attention to ethical and sustainable consumerism is a leading driver of women’s footwear sales in the United Kingdom. Consumers are becoming more aware of the effects of their purchases as knowledge of environmental and social issues grows. As a result, there has been a shift toward environmentally and morally responsible footwear.” – Says a lead analyst at Future Market Insights (FMI).
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Who is winning?
Players in the market for women’s footwear in the United Kingdom are using a variety of tactics to maintain their competitiveness and satisfy changing consumer needs. For the purpose of attracting the interest of fashion-conscious customers, they are concentrating on introducing cutting-edge and distinctive footwear designs. This entails utilizing cutting-edge components, innovations, and fashion trends.
Companies are also investing in their online presence and e-commerce platforms as a result of realizing the significance of digital landscape. To reach a larger audience, they are developing user-friendly websites, lively social media profiles, and utilizing online marketing techniques.
For several women, comfort and utility are important considerations when selecting footwear. Manufacturers are spending money on research & development to create footwear with features such as padded soles, arch support, and lightweight materials. These are expected to be both fashionable and functional.
For instance,
- Reebok International Limited announced a collaboration with the vegan beauty brand Milk Makeup in 2023. As a result, Milk Makeup and Reebok created the Equipment Essentials limited-edition footwear and apparel collection.
United Kingdom Women’s Footwear Market Outlook by Category
By Product Type :
- Sneakers
- Plimsoll Sneakers
- High Top Sneakers
- Slip On Sneakers
- Athletic Sneakers
- Hiking & Running Sneakers
- Other Types
- Boots
- Ankle Boots
- Mid-calf Boots
- Knee-high Boots
- Over-the-knee Boots
- Chelsea Boots
- Riding Boots
- Winter Boots
By Material :
- Rubber
- Leather
- Polyester
- Velvet
- Canvas
- Textile
- Other Material
By Sales Channel :
- Direct Sales/Exclusive Stores
- Modern Trade Stores
- Department Stores
- Specialty Stores
- Off-price Stores
- Other Sales Channel
- Online Platforms
- Company Websites
- E-commerce Platforms
About the Consumer Product Division at Future Market Insights (FMI)
Expert analysis, actionable insights, and strategic recommendations- the consumer product team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the consumer product industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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