By 2028, the national clothing market will reach 126.2 billion U.S. dollars: Grand View Research, Inc.

2021-12-14 12:11:56 By : Ms. Mary Peng

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San Francisco, December 2, 2021/PRNewswire/-According to a new report by Grand View Research, Inc., the global ethnic clothing market is expected to reach 126.2 billion U.S. dollars by 2028. The market is expected to grow at a compound annual growth rate of 6.3% from 2021 to 2028. Due to globalization, the transfer of cultures and traditions, and the travel and residence of individuals in different countries, many countries in the world have a strong demand for ethnic clothing. In addition, the global demand for theme functional ethnic clothing, ethnic clothing leasing models, and the expansion of distribution channels through e-commerce are driving the ethnic clothing market.

The main insights and findings of the report:

Read the 80-page market research report, "By end user (male, female, child), by distribution channel (online, offline), by region (North America, Europe, Asia Pacific, CSA, MEA), and from 2021 to 2028 Market Segment Forecasts", Grand View Research

Many retailers and global brands have introduced more ethnic clothing lines into their product lines. For example, in April 2020, the Swedish retailer H&M Group announced a collaboration with designer Sabyasachi Mukherjee to launch the saree series. In September 2019, Japanese brand Uniqlo opened its first retail store in India and launched a special Kurta series.

The fashion and textile industries in the Middle East and North Africa are growing, and the per capita annual fashion expenditures in Saudi Arabia and the UAE are among the highest in the world. With the industry's pessimistic global outlook, the Middle East market represents a huge growth opportunity. Although the fashion market has matured, the Middle East still has potential. Some buyers in the region have become interested in modest fashion and local brands that reflect their culture. As the product supply of various brands including Tommy Hilfiger continues to increase, the demand for ethnic clothing including burqas and headscarves is expected to increase significantly.

Some apparel manufacturers in Africa are embarking on integrating sustainability into their textile and fashion supply chains. For example, the Moroccan government is providing incentives for companies that have obtained sustainability certification. In addition, many global brands have implemented environmental priority standards for clothing manufacturers in North Africa. The procurement countries in Africa have undergone gradual changes in resource efficiency and cleaner production. In addition, ethical clothing and apparel are becoming more and more popular in the region. This is expected to generate a demand for ethical national costumes in the next few years.

Online distribution channels are the fastest-growing market segment, with a compound annual growth rate of 6.1%. Demand in this segment has been driven by the pandemic. Many brands around the world are focused on getting the most out of business through e-commerce because it provides the convenience of contactless delivery. The proliferation of many employees working from home has led to an increase in the online business of ethnic clothing brands.

Grand View Research has segmented the global ethnic clothing market based on end users, distribution channels and regions:

List of Major Participants in the Ethnic Clothing Market

Check out more clothing and apparel related research conducted by Grand View Research:

Browse Grand View Research's coverage of the global apparel, footwear and accessories industry.

Visit Grand View Compass, our BI enables an intuitive market research database of more than 10,000 reports

Grand View Research is a US-based market research and consulting company that provides joint and customized research reports and consulting services. The company is registered in California, headquartered in San Francisco, has more than 425 analysts and consultants, and adds more than 1,200 market research reports to its huge database every year. These reports provide in-depth analysis of 46 industries in 25 major countries around the world. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and well-known academic institutions understand the global and regional business environment and seize future opportunities.

Contact: Sherry James Corporate Sales Specialist, Grand View Research, Inc., USA Tel: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [Email Protection] Website: https://www .grandviewresearch. com follow us: LinkedIn | Twitter 

SOURCE Grand View Research, Inc.

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