Home > Consumer Goods & Services > Apparel, Footwear and Accessories > Footwear > Shoe Care Market

Shoe Care Market Trends

Report ID: GMI11524
Published Date: Sep 2024
Report Format: PDF

Download Free Sample

Shoe Care Market Trends

The surging demand for premium shoes is propelling the growth of the market. As consumers increasingly purchase high-quality and luxury footwear, they simultaneously seek products to maintain and elevate their shoes. This emphasis on preserving the aesthetics and longevity of premium shoes amplifies the demand for specialized shoe care solutions. Maintaining premium shoes requires meticulous attention, including tailored cleaning, conditioning, and polishing products to uphold their quality and appearance. Consequently, there's been a surge in the market for high-end shoe care products, designed to deliver superior performance for luxury footwear. In response, brands are innovating, rolling out advanced shoe care solutions like premium leather conditioners, specialty cleaners, and top-tier polishes, aligning with heightened consumer expectations.

Moreover, the escalating trend towards premium footwear has spurred a heightened interest in thorough shoe care regimens. This includes bespoke services and high-performance products aimed at preserving both the aesthetic and functional attributes of the shoes. The burgeoning market for premium shoe care products underscores a clear message: consumers are increasingly willing to invest in solutions that safeguard and elevate their prized footwear.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The shoe care market was valued at USD 4.74 billion in 2023 and is projected to reach USD 7.26 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5% from 2024 to 2032.

In 2023, the formal shoes segment dominated the market with a share of 51.56% due to the high value and investment in formal shoes, which require specialized care to maintain their appearance and lifespan.

The online sales channel leads the shoe care market, capturing 66.2% of the share in 2023. The convenience of shopping from home, extensive product variety, and access to detailed product information enhance consumer engagement and sales.

North America is the leading region in the market, with a projected value of USD 2.12 billion by 2032 and a CAGR of 6%, driven by a strong emphasis on personal grooming, high disposable incomes, and easy access to both online and offline shoe care products.

Major players in the market include brands such as Allen Edmonds, Angelus, Caleres, and Johnson, among others.