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Global Flip Flops Market – Industry Trends and Forecast to 2030

  • FMCG
  • Upcoming Report
  • Jun 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Flip Flops Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 20260.66 Million
Diagram Market Size (Forecast Year) USD 28049.68 Million
Diagram CAGR %

Global Flip Flops Market, By Material (Ethylene-Vinyl Acetate (EVA), Polyvinyl Chloride (PVC), Rubber and Others), End User (Female and Male), Distribution Channel (Online and Offline) – Industry Trends and Forecast to 2030.

Flip Flops Market Analysis and Size

Flip flops are known to be comfortable and casual footwear. Flip flops have a flat sole with a Y-shaped strap on the top of the foot and between the first and second toe. Major factors expected to boost the growth of the flip flops market in the forecast period are the rise in consumer disposable income levels and continuous product innovations. Furthermore, the growing issues regarding environmental pollution and the non-disposable and damaging materials utilized for product manufacturing are further anticipated to propel the growth of the flip flops market. Moreover, the growing variation in the product is further estimated to cushion the growth of the flip-flops market. However, flip-flops might be comfortable in the short run, but their health cost is higher, which is further projected to impede the growth of the flip flops market in the timeline period.

Data Bridge Market Research analyses that the flip flops market, which was USD  20,260.66 million in 2022, would rocket up to USD  28,049.68 million by 2030, and is expected to undergo a CAGR of 4.15% during the forecast period. “Female” dominates the end user segment of the flip flops market owing to the growing popularity of yoga among women. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.

Flip Flops Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2023

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Material (Ethylene-Vinyl Acetate (EVA), Polyvinyl Chloride (PVC), Rubber and Others), End User (Female and Male), Distribution Channel (Online and Offline)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa

Market Players Covered

Havaianas (Brazil), Crocs (U.S.), Reef (U.S.), Ipanema (Brazil), Rider ( Brazil), Teva (U.S.), OluKai (U.S.), Sanuk (U.S.), Rainbow Sandals (U.S.) among others

Market Opportunities

  • Sustainable and eco-friendly flip flops
  • Athleisure and active lifestyle flip flops

Market Definition

Flip flops, also known as thongs, sandals, or slippers, are lightweight footwear with a flat sole held onto the foot by a Y-shaped strap called a thong. They are characterized by their open-toe design and the absence of a heel or back strap. Flip flops are typically made with rubber, foam, or plastic materials for the sole and straps.

Flip flops are popular for their casual and comfortable style, making them suitable for warm weather, beach outings, poolside activities, and relaxed environments. They are easy to slip on and off, providing convenience and breathability for the feet. Flip flops come in various colors, patterns, and designs, catering to different preferences and fashion trends.

Flip Flops Market Dynamics

Drivers

  • Comfort and Convenience

Flip flops are known for their comfort and ease of wear. The simple slip-on design allows for quick and effortless wear, making them a convenient choice for casual and relaxed occasions. The open-toe style also provides breathability and reduces the risk of foot sweat, making them comfortable in hot weather.

  • Fashion and Style

Flip flops have evolved beyond basic designs and are now available in various colors, patterns, and embellishments. They have become a fashion statement, allowing individuals to express their style and complement their outfits. The availability of fashionable flip-flop designs drives consumer interest and creates a diverse market.

Opportunity

  • Sustainable and Eco-Friendly Flip Flops

With increasing environmental consciousness, there is a growing demand for sustainable and eco-friendly products. Developing flip flops using recycled materials, natural fibers, or biodegradable components can attract environmentally conscious consumers.

Restraints/Challenges

  • Lack of Foot Support

Flip flops are known for their simple and minimalist design but often lack proper foot support and cushioning. Prolonged use of flip flops, especially without adequate arch support, can lead to foot discomfort and potential foot problems such as plantar fasciitis or Achilles tendonitis. This lack of support may deter some consumers from using flip-flops for extended periods or certain activities.

  • Competitive Footwear Market

The footwear industry is highly competitive, with various options available to consumers. Flip flops face competition from other types of casual footwear, such as sandals, sneakers, and even slides. Brands must differentiate themselves and offer unique features or designs to stand out in the crowded market.

This flip flops market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the flip flops market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

  • In September 2022, Brazilian flip flops label Havaianas launched its first thermos-reactive footwear styles in collaboration with Los Angeles-based streetwear label market

  • In March 2022, HOKA collaborated with Bodega. The exclusive capsule blends outdoor performance innovation with city-inspired casual fashion seamlessly. The two products launched include a limited edition of the ORA Recovery Slide and the colorway of the Kaha Low GTX trail hiker.

Global Flip Flops Market Scope

The flip flops market is segmented based on material, end user, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material

 End User

  • Male
  • Female

Distribution Channel

  • Offline
  • Online

Flip Flops Market Regional Analysis/Insights

The flip flops market is analyzed, and market size insights and trends are provided by country, material, end user, and distribution channel as referenced above.

The countries covered in the flip flops market report are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, rest of the Middle East and Africa.

Asia-Pacific dominates the flip-flops market due to the rise in consumer alertness regarding the latest fashion trends. Furthermore, the occurrence of major key players will further boost the growth of the flip-flops market in the region during the forecast period.

North America is projected to observe significant growth in the flip-flops market due to the accessibility of a wide range of products. Moreover, continuous product innovation is further anticipated to propel the growth of the flip-flops market in the region in the coming years.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Flip Flops Market Share Analysis

The flip flops market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the flip flops market are:

  • Havaianas (Brazil)
  • Crocs (U.S.)
  • Reef (U.S.)
  • Ipanema (Brazil)
  • Rider (Brazil)
  • Teva (U.S.)
  • OluKai (U.S.)
  • Sanuk (U.S.)
  • Rainbow Sandals (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Flip Flops Market is known to be worth USD 34,328.28 million by 2030
The Growth Rate of Flip Flops Market is 4.15% by 2030.
The various colors, patterns, and embellishments are the growth drivers of the Flip Flops Market.
The major companies in the flip flops market are Havaianas , Crocs, Reef, Ipanema ,etc.
Material, end user, and distribution channel are the factors on which the Flip Flops Market research is based on.
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