India, Sept. 18 -- India's footwear market is undergoing a structural shift as organised players gain share from the unorganised market. Relaxo's industry presentation estimates the Indian footwear market could grow at a 9.7% CAGR between 2025 and 2034, reaching Rs4,433 billion, while the organised footwear market is expected to grow at around 13% CAGR, rising from Rs674 billion in 2025 to Rs1,995 billion by 2034. Sports and athleisure is identified as one of the fastest-growing categories, with an estimated growth rate of around 10% CAGR.

The same presentation also highlights rising e-commerce penetration, changing consumer preferences, growing women's footwear demand and India's improving position in global footwear exports as key ind...