Africa Baby Care Products Market - Infinium Global Research Formal Footwear Market Global Industry Analysis, M | Page 3

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Market Insights
Product innovation, expansion of distribution channels, heavy spending in
branding and marketing of the products, use of modern technologies and
materials characterises the global formal footwear market. The affinity for
adopting new trends in designs among the consumers is driving the growth of
the formal footwear market. The increasing popularity of e-commerce is
driving the growth of the global formal footwear market, as it gives the
consumers the comfort of shopping from anywhere and gives them more
options to choose. Increasing brand awareness among the consumers is
driving the demand for branded formal footwear. Increasing number official
and formal events in official and personal lives of people are influencing the
sales of the formal footwear in many regions. Men’s formal footwear segment
dominates the global formal footwear market. Ladies formal footwear
segment is expected to have more designs in coming years. As more women
are entering professional careers in this era, the demand for the ladies formal
footwear are expected to grow significantly during forecast period. Increasing
preference for flat heeled foot wears over high heeled foot wears among ladies
are expected to drive the demand for the flat heeled formal foot wears. The
increasing awareness among people about cruelty against animals, preference
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