The forecast for UK household expenditure on footwear shows a steady increase from £10.92 billion in 2024 to £11.74 billion in 2028. In 2023, expenditure was £10.71 billion, showing a consistent upward trend with a 1.96% growth from 2024 to 2025, 1.80% from 2025 to 2026, 1.85% from 2026 to 2027, and 1.74% from 2027 to 2028. The forecasted five-year compound annual growth rate (CAGR) is approximately 1.85%.
Future trends to watch for include:
- Changes in consumer behavior and shopping habits, possibly influenced by economic conditions or fashion trends.
- The impact of digital and online retail strategies, especially as e-commerce continues to grow.
- Sustainability and ethical sourcing, as consumers become more environmentally conscious.
