In the ever-evolving landscape of fashion, where trends come and go, one iconic fabric has consistently stood the test of time, emerging as a true symbol of style and self-expression. From a staple of the Industrial Revolution to being the symbol of the global causal-wear revolution, Denim has evolved from a utility fabric to becoming the most timeless piece of fashion ever known to mankind.
A true symbol of style and self-expression, denim has remained an evergreen favorite in wardrobes, echoing across generations and cultures. This versatile and enduring fabric has transcended its humble origins to a global denim market size of US $77.67 Billion in 2022.
What Research Says
As per a report by Research And Markets.com, the global market for Denim Jeans is projected to reach a revised size of US$95.2 Billion by 2030, growing at a CAGR of 5% over the analysis period 2022-2030, with India emerging as an important denim resource for global giants.
Fact.MR, a prominent market research and competitive intelligence provider, anticipates the Denim Jeans Market to surpass US $ 152 Billion by 2032. Taking into account the ongoing post pandemic recovery, growth in the online segment was readjusted to a revised 9.2% CAGR for the next 8-year period.
The global denim jeans market is projected to grow 1.2X from 2022 to 2032, with regular fit jeans capturing over 45 per cent market share and creating a US $ 1.3 billion opportunity.
As per the report, R&D and evolving technologies which have resulted in the development of recyclable and durable fabrics as well as Asian countries' swift adoption of the Western lifestyle has led to a significant surge in demand for denim jeans in recent decades.
This story is from the November 2023 edition of Business Of Fashion.
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This story is from the November 2023 edition of Business Of Fashion.
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