Flip Flops Market is Growing and will Cross USD 24.8 Bn By 2028 - Credence Research

Flip Flops continues to grow, as the global market for flip flops is projected to cross USD 24.8 billion by 2028, according to a new research report by Credence Research.
This growth is being driven by factors such as increasing urbanization and rising awareness of the health benefits of wearing flip flops, especially among women and young adults. Credence Research also notes that innovation will be a key driver of this market over the next few years, with new flip flop designs that are both stylish and practical. In addition, governments around the world are starting to pay more attention to the health benefits of wearing flip flops, which is likely to drive demand in this area.
Flip Flops Market Size, Driver and Forecast.
The is expected to grow at a CAGR of 4.0% during the forecast period 2022-2028, owing to increasing adoption of this footwear type in North America, Europe, Asia Pacific and Latin America. In terms of regions, the North American flip flop market was the largest in terms of value in 2017 and is projected to continue its dominance during the forecast period 2022-2028. This region is estimated to account for over half of the global flip flop market volume in 2028. Several factors are responsible for this growth, such as rising numbers of tourists visiting various parts of North America, increasing spending on recreation by consumers, and favorable economic conditions. The regional growth prospects for other regions are also encouraging; however, they are not as prevalent as those in North America. The European flip flop market is expected to register a CAGR of XX% during the forecast period 2019-2028 due to increase adoption by foot traffic throughout various countries across this region. Additionally, China is expected to be one of the fastest growing markets for flip flops due to high population growth rates and rising spending on leisure activities such as outdoor activities and traveling. In terms of product types, waterproof flip flops are projected to account for a majority share (over two-thirds) in the global market by 2024 owing to their increased popularity among consumers who prefer sandals that can be worn both indoors and outdoors. Other popular product
Flip Flops Market Keyplayers
Some major flip-flops market players are Havaianas; Skechers USA, Inc.; Crocs; Deckers Brands; Fat Face; Adidas AG, C. & J. Clark International Ltd.; Kappa; Nike, Inc.; and Tory Burch LLC.
Flip Flops Market Research Available at Credence Research
The report provides a qualitative and quantitative analysis of the global flip flops market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level.
In-depth analysis of the global flip flops market segmentation based on end-user and distribution channels.
Major countries in each region with their import/export statistics
The flip-flops market report also includes analyzing the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.
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