Hey, so the global merino wool shoes market is expected to really take off between 2023 and 2027, growing at a pretty fast pace! Why? Well, wool is becoming super popular for sneakers and running shoes. Think about itmerino wool is naturally antimicrobial, fights off odors, keeps your temperature just right, and wicks away moisture. Plus, with people having more money to spend and wanting the best comfortable shoes, merino wool is a winner. They're breathable, resist water, are light as a feather, and super durable – almost like going barefoot! And if you live somewhere cold all year round, these shoes are a total game-changer. The unique, crimped fibers of merino wool, combined with more winter travel and people learning about all the perks, is why everyone's grabbing a pair.
Think about merino wool – it's seriously some of the softest stuff out there, which is why you see it in fancy clothes and even your favorite workout gear! It comes from a special breed of sheep called, you guessed it, merino. And get thisshoes made from merino wool? They're a game-changer. Each little fiber actually helps keep your feet at the perfect temperature and wicks away sweat like magic, so say goodbye to stinky feet! Plus, they're super breathable, making them ideal for hikers who want to explore the great outdoors and go the extra mile in comfort. In fact, the global market for this wool was at around 270 KMT in 2020. And guess who the big players are? As of 2020, Australia is the king of raw wool exports, covering about 23% of the world's demand, with New Zealand not far behind.
Looks like merino wool shoes are about to get a big boost! With more people getting into outdoor sports, we're expecting to see sales climb. It turns out, according to the US Bureau of Labor Statistics, people in educational groups are really into sports and exercise. Plus, walking's a super popular activity, landing in the top 10! And, because everyone's becoming more health-conscious, they're getting active, which means more folks needing merino wool shoes. But that's not all! Shoe companies are stepping up their game too, adding cool features to these shoes to attract more customers. For example, some now have orthopedic insoles that help keep your joints aligned, so you can walk comfortably for longer. And instead of traditional rubber soles, many are using EVA soles, which are much lighter, making the shoes super comfy to wear.
Apart from this, the shoes made from merino wool are resistant to water, so if an individual even walks in the rain or on a wet road, the feet will remain dry through any unexpected precipitation. Hence, the merino wool shoes market holds a huge potential and their market is anticipated to grow at a formidable rate in the coming years.
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Market Segmentation
The United States is anticipated to hold a significant market share in the coming years due to the inflating disposable income of the consumers along with the elevating lifestyles of the consumers.
Company Profile
Allbirds, Inc, Giesswein Walkwaren AG, Glerups Inc., BAABUK SÃ rl, Felts Health Shoes Ltd
21K Footwear Ltd (mahabis), Neeman’s Privated Limited, PRFO Sports, and Babooshka LLC (Cozyz Shoes) are the leading market players operating in the global merino wool shoes market.
Attribute | Details |
Base Year | 2021 |
Historical Data | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million, volume in units, and CAGR for 2017-2021 and 2022-2027 |
Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
Segments covered | · Type · End User · Distribution Channel |
Regional scope | North America, Europe, Asia Pacific, Middle east and Africa, South America |
Key companies profiled | Allbirds, Inc, Giesswein Walkwaren AG, Glerups Inc., BAABUK Sà rl, Felts Health Shoes Ltd, 21K Footwear Ltd (mahabis), Neeman’s Privated Limited, PRFO Sports, and Babooshka LLC (Cozyz Shoes) |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |