From Shoes to Sustainability: The Indian Footwear Market's Franchise Potential

Indian Footwear retail market is witnessing a paradigm shift. With a blend of tradition and modernity, the Indian footwear market is experiencing unprecedented growth. Increasing consumer awareness around comfort and sustainability, coupled with rising disposable incomes, is fueling a transformation. This evolution opens up abundant opportunities for franchises to thrive. Read on to discover the forces driving this change and the trends that will walk through the aisle in 2025.

- PARINA SOOD

FOOTWEAR MARKET IN INDIA (RS. THOUSAND CRORE)

A report by 1lattice suggests that the Indian Footwear market could reach Rs 190.9 thousand crores by FY28, growing at a CAGR of 11% between FY25 and FY28.

According to the Economic Survey 2023-24, the current value of the Indian footwear market is $26 billion, which is expected to grow to $90 billion by 2030. A report by llattice suggests that the market could reach Rs 190.9 thousand crores by FY28, growing at a CAGR of 11% between FY25 and FY28. With a burgeoning middle class, increasing urbanization, and a shift in consumer preferences towards comfort, style, and sustainability, the market is witnessing significant transformation. From traditional footwear to high-end fashion brands, the Indian footwear market is evolving rapidly, driven by changing lifestyle patterns, technological advancements, and rising consumer awareness.

IT IS EXPECTED TO EXPERIENCE SIGNIFICANT GROWTH IN 2025 AND FRANCHISING IS LIKELY TO PLAY A CRITICAL ROLE IN ITS EXPANSION: