Analysis · Commerce & Consumer Brands
India's footwear care market grows as consumers own more shoes
By Startup Enthusiast ·
- Date
- Company
- Shoegr
- What it does
- footwear care solutions
- Kind
- Analysis
- Based in
- Mohali
What they do
India's footwear care market is expanding as urban consumers own more shoes for different occasions
What happened
The market is projected to grow from $101 million in 2022 to over $202 million by 2032
Why it matters
More people are treating shoes as fashion accessories, not just functional items, driving demand for care products
The details
- India's footwear care market is growing rapidly due to changing consumer habits and increased footwear ownership.
- Urban consumers now own five to ten pairs of footwear, compared to two or three a decade ago.
- The market is projected to grow from $101 million in 2022 to over $202 million by 2032, with a CAGR of 7.23%.
- The broader footwear care ecosystem, including restoration services and protective products, is estimated to reach ₹1,600 crore.
- Consumers are buying more shoes and keeping them longer, leading to a greater need for care and maintenance.
The bigger picture
- The rise of multi-pair ownership is a major driver of the footwear care market.
- Fashion consciousness has elevated shoes from functional items to personal accessories.
- Premiumization trends are increasing the demand for specialized care products for different types of footwear.
- India's footwear market is growing due to rising disposable incomes, urbanization, and e-commerce expansion.
The deal
- Type
- other
About Shoegr
- Product
- Extensive range of shoe cleaning, protection, and storage solutions for footwear maintenance
- Customers
- Consumers seeking quality shoe care products and accessories
- How it makes money
- D2C brand selling through own e-commerce website and major marketplaces (Amazon, Flipkart, Myntra, Ajio)
- What sets it apart
- Positioning shoe care as integral to personal grooming regime with affordable and accessible solutions
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