Usage of eco-friendly raw material, surge in health awareness leading to performing indoor and outdoor exercises, and availability of stylish and trendy products drive the global footwear market.

PORTLAND, Oregon, April 7, 2020 /PRNewswire/ — Allied Market Research published a report, titled, “Footwear Market by Type (Athletic and Nonathletic), Material (Leather and Non-leather), End User (Men, Women, and Children), and Distribution Channel (Hypermarket/Supermarket, Specialty Stores, Brand Outlets, Online Sales Channel, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.” According to the report, the global footwear market garnered $349.94 billion in 2019, and is estimated to generate $530.36 billion by 2027, registering a CAGR of 5.5% from 2020 to 2027.

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Prime determinants of growth

Usage of eco-friendly raw material, surge in health awareness leading to performing indoor and