The global flip flops market size was valued at USD 17.8 billion in 2018 and is expected to grow with a CAGR of 4.2% from 2019 to 2025 due to high product demand on account of their excellent durability and low prices. In addition, this footwear are extremely lightweight and can be carried easily, which is also boosting their demand across the globe.
Furthermore, increasing consumer disposable income levels and constant product innovations are projected to fuel the growth of this market. On the hand, raising concerns about environmental pollution and non-disposable and harmful materials used for product manufacturing may hinder the market growth.
This has impelled manufacturers to invest more in R&D to develop sustainable products made from eco-friendly materials, papyrus, wood, and palm leaves. For instance, in 2018, Allbirds, a startup company, launched new flip flops made from sugar cane. This, in turn, is projected to boost the demand.
Moreover, companies are focusing on increasing sustainability by donating some revenue share for environmental causes. For instance, Havaianas launched IPE collection and announced that it will be contributing 7% of the revenue generated from the collection to Environmental Research Institute that will develop projects to help reserve Atlantic Rainforest, Amazonia, and Pantanal.
Based on end-user, the market is segmented into females and males. The female end-user segment accounts for the largest flip flops market share owing to higher product demand. Moreover, the availability of a wide variety of products will drive the demand in this segment. The segment is also estimated to register the fastest CAGR over the forecasted period. The male end-user segment is also estimated to witness significant growth over the forecasted period. The growth is attributed to high product demand in this segment as a result of increased awareness of the latest fashion trends.
Based on the distribution channel, the market is segmented into online and offline. The offline distribution channel segment accounted for the largest share in 2018. It will expand further at a steady growth rate in the years to come. The rising number of offline channels, such as hypermarkets and brand stores, in emerging regions, will drive the segment growth.
The online distribution channel is estimated to be the fastest-growing segment over the forecasted period. Increasing usage of internet and smartphone devices across the globe is the key factor in driving market growth. In addition, the rapidly expanding e-commerce sector in developing economies is supporting the segment growth. Moreover, online portals offer discounts on branded products, home delivery services, and easy return policies, which will drive the segment further.
Asia Pacific is estimated to be the largest regional market by 2025. The growth is attributed to growing consumer awareness of the latest fashion trends. North America is estimated to be the fastest-growing regional market over the forecasted period. The availability of a wide range of products and constant product innovation are driving the market in this region. Due to high product demand, Central and South America are also estimated to witness considerable growth at a steady CAGR from 2019 to 2025.
Major companies in the market include Havaianas; Skechers USA, Inc.; Crocs; Deckers Brands; Fat Face; Adidas AG, C. & J. Clark International Ltd.; Kappa; Nike, Inc.; and Tory Burch LLC. Companies are investing more in R&D to develop eco-friendly products with advanced features and unique designs and patterns to gain a higher market share. For instance, Hari Mari, in collaboration with baseball gloves manufacturer Nokona, launched a new line of flip flops embedded with chips.
Attribute |
Details |
Base year for estimation |
2018 |
Actual estimates/Historical data |
2015 - 2017 |
Forecast period |
2019 - 2025 |
Market representation |
Revenue in USD Million and CAGR from 2019 to 2025 |
Regional scope |
North America, Europe, Asia Pacific, Central & South America, and MEA |
Country scope |
U.S., Germany, U.K., China, Japan, Brazil, and South Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors and trends |
15% free customization scope (equivalent to 5 analyst working days) |
If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization |
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global flip flops market report on the basis of end-user, distribution channel, and region:
End-User Outlook (Revenue, USD Million, 2015 - 2025)
Female
Male
Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
Online
Offline
Regional Outlook (Revenue, USD Million, 2015 - 2025)
North America
The U.S.
Europe
Germany
U.K.
Asia Pacific
China
Japan
Central & South America
Brazil
Middle East & Africa
South Africa
b. The global flip flops market size was estimated at USD 18.67 billion in 2019 and is expected to reach USD 19.52 billion in 2020.
b. The global flip flops market is expected to grow at a compound annual growth rate of 4.2% from 2019 to 2025 to reach USD 23.7 billion by 2025.
b. The Asia Pacific dominated the flip flops market with a share of 34.4% in 2019. This is attributable to rising demand from an expanding working population and increasing adoption of western culture.
b. Some key players operating in the flip flops market include Havaianas; Skechers USA, Inc.; Crocs; Deckers Brands; Fat Face; Adidas AG, C. & J. Clark International Ltd.; Kappa; Nike, Inc.; and Tory Burch LLC.
b. Key factors that are driving the flip flops market growth include rising global demand for sustainable flip flops, increasing instances of product launches by key vendors, and the rising popularity of the online distribution channel.
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The clothing, footwear, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide. The expected decline in the global sales of clothing, footwear, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India. However, the industry is likely to recover over the forecast timeframe, given the rising popularity of online/e-commerce sales. From a manufacturing standpoint, the sustainable or ethical fashion trend is expected to favor market growth throughout the forecast timeframe. Luxury apparel is another lucrative space for prospective manufacturers to target, given the mushrooming number of affluent and fashion-conscious consumers across the globe. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.
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