PUBLISHER: The Business Research Company | PRODUCT CODE: 1770094
PUBLISHER: The Business Research Company | PRODUCT CODE: 1770094
Sustainable living involves making lifestyle choices and adopting habits that reduce environmental impact by lowering resource use and waste generation. It focuses on utilizing renewable resources, conserving energy and water, and promoting environmentally friendly practices. The primary goal of sustainable living is to preserve the planet's ecosystems, address climate change, and maintain a healthy environment for future generations.
The primary categories of sustainable living include organic products, eco-friendly cleaning supplies, renewable energy solutions, sustainable fashion, zero waste products, and reusable household items. Organic products consist of goods made from natural ingredients cultivated without synthetic pesticides, fertilizers, genetically modified organisms (GMOs), or artificial additives. Materials used in sustainable living are classified into organic, recycled, and biodegradable types. These materials are applied in residential, commercial, industrial, and agricultural sectors, with distribution channels including both online and offline platforms.
The sustainable living market research report is one of a series of new reports from The Business Research Company that provides sustainable living market statistics, including the sustainable living industry global market size, regional shares, competitors with the sustainable living market share, detailed sustainable living market segments, market trends, and opportunities, and any further data you may need to thrive in the sustainable living industry. This sustainable living market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The sustainable living market size has grown rapidly in recent years. It will grow from $46.45 billion in 2024 to $52.53 billion in 2025 at a compound annual growth rate (CAGR) of 15.2%. The growth during the historic period is attributed to rising environmental awareness, increased adoption of eco-friendly products, stronger regulatory support for green practices, the expansion of green building projects, and growing demand for renewable energy.
The sustainable living market size is expected to see rapid growth in the next few years. It will grow to $93.50 billion in 2029 at a compound annual growth rate (CAGR) of 15.0%. The growth expected in the forecast period is driven by continuing environmental awareness, further adoption of eco-friendly products, enhanced regulatory backing for sustainable practices, the broadening of green building initiatives, and an increasing demand for renewable energy. Key trends anticipated in the forecast period include technological advancements in energy-efficient systems, innovations in biodegradable materials, progress in sustainable packaging, ongoing research in clean energy, and the rise of smart eco-friendly homes.
The growing demand for eco-friendly alternatives is expected to drive the sustainable living market forward. Eco-friendly alternatives are products, services, or practices designed to have a minimal environmental impact compared to traditional options. This rising demand stems from increasing consumer awareness of environmental issues, with more people prioritizing health, sustainability, and ethical consumption. These alternatives support sustainable living by reducing environmental harm through the use of renewable, biodegradable, and recycled materials. They encourage resource conservation and waste reduction, promoting healthier ecosystems and more responsible consumption habits. For example, in June 2024, Propel Software Solutions Inc., a US-based software company, reported that US consumers are projected to spend 33% more on sustainable products in 2024, averaging $12,000 annually compared to $9,000 in 2023. Thus, the growing demand for eco-friendly alternatives is fueling the sustainable living market's growth.
Leading companies in the sustainable living sector are focusing on developing advanced technological solutions, such as holistic and collaborative platforms, to improve efficiency, support green lifestyles, and enable informed sustainable choices. A holistic and collaborative approach involves integrating all relevant factors and stakeholders to work together smoothly, ensuring comprehensive and effective sustainable solutions. For instance, in October 2023, Godrej & Boyce, an India-based custom engineering firm, launched the 'Conscious Collective,' a platform aimed at promoting sustainable living. This initiative seeks to extend sustainability beyond corporate strategies into the daily lives of professionals, particularly those in design, architecture, and related fields.
In April 2024, Eneco Groep N.V., a Netherlands-based energy company, acquired Suniverse Ltd. for an undisclosed amount. This acquisition is part of Eneco's effort to speed up its path to climate neutrality by providing homeowners direct access to sustainable energy solutions such as heat pumps, solar panels, and solar water heaters, along with financing advice and comprehensive service. These offerings help customers transition away from natural gas and improve their homes' energy efficiency. Suniverse Ltd., based in the UK, supports sustainable living by reducing e-waste through secure data and IT asset management.
Major players in the sustainable living market are Tesla Inc., Taiwan Semiconductor Manufacturing Company Limited, Unilever plc, HP Inc., Iberdrola Sociedad Anonima, IKEA, Schneider Electric SE, Neste Oyj, BT Group plc, NEC Corporation, Banco do Brasil S.A., Johnson Controls International plc, BCE Inc., Ecolab Inc., Telus Corporation, Kone Corporation, Siemens Gamesa Renewable Energy S.A., SGS Societe Generale de Surveillance S.A., Natura & Co, Autodesk Inc., Illumina Inc., Stantec Inc., Beijing Enterprises Water Group Limited, Cascades Inc., and Xinyi Solar Holdings Limited.
North America was the largest region in the sustainable living market in 2024. The regions covered in sustainable living report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the sustainable living market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The sustainable living market includes revenues earned by entities through sustainability consulting, green building design, renewable energy solutions, waste management, eco-tourism, environmental education, and carbon footprint reduction programs. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Sustainable Living Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on sustainable living market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for sustainable living ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The sustainable living market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.