Flip Flops Market Size, Industry Analysis Report By Distribution Channel (Online, Offline), By End User (Men, Women) & Region – Forecasts By 2023 - 2030
- PUBLISHED ON
- 2024-06-12
- NO OF PAGES
- 275
- CATEGORY
- Retails & Consumer
It is estimated for the global flip flop market to witness growth at a CAGR of 4.8% during the forecast period of 2022 to 2030. The market witnessed growth at a CAGR of 3.7% during the previous forecast period of 2018 to 2021. Flip-flops are a type of light sandal, typically worn as a form of casual footwear. They consist of a flat sole held loosely on the foot by a Y-shaped strap known as a toe thong that passes between the first and second toes and around both sides of the foot or can be a rigid base with a strap across all the toes.
Flip Flops Market – Growth Factors
The growth in the appeal to look good and stylish to match the peers in the society is estimated to boost the growth of the market during the forecast period. Wearing flip flops is considered as a style statement and this factor is also considered to boost the growth of the market during the forecast period. Also, the durability of these flip flops is more compared to a majority of other footwear and this factor is estimated to boost the growth of the market during the forecast period. The rising tourism towards beach centered areas is driving the growth of the market as a majority of people opt for flip flops type of footwear while roaming around the beach. Apart from this, the increasing disposable income is also providing people with the luxury to opt for branded flip flops and this factor is also estimated to boost the growth of the market during the forecast period.
Flip Flops Market – Market Trends
• Wearing flip flops is considered as a style statement and this factor is also considered to boost the growth of the market during the forecast period.
• Also, the durability of these flip flops is more compared to a majority of other footwear and this factor is estimated to boost the growth of the market during the forecast period.
• The rising tourism towards beach centered areas is driving the growth of the market as a majority of people opt for flip flops type of footwear while roaming around the beach.
Flip Flops Market – Segmentation
The global flip flop market is segmented based on end user and distribution channel.
Based on the end user, the market is segmented into,
• Men
• Women
Based on the distribution channel, the market is segmented into,
• Offline Retail
• Online Retail
Flip Flops Market – Regional Analysis
It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market.
Flip Flops Market – Key Market players
Havaianas; Skechers USA, Inc.; Crocs; Deckers Brands; Fat Face; Adidas AG, C. & J. Clark International Ltd.; Kappa; Nike, Inc.; and Tory Burch LLC. are the major players that are driving the growth of the market during the forecast period.
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