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Report overview
The global Sustainable Apparel market size is estimated to be $ 11.2 million in 2023, and it will reach $ 27.2 million by 2032, growing at a CAGR of 9.3% during the forecast period from 2024 to 2032.
This report studies the Sustainable Apparel market, covering market size for segment by type (Man-Made/Regenerated, Organic, etc.), by application (Women, Men, etc.), by sales channel (Direct Channel, Distribution Channel), by player (Eileen Fisher, LVMH, Levis, H&M, Reformation, etc.) and by region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).
The sustainable apparel market is poised for significant growth as consumer awareness and demand for eco-friendly products continue to rise. Brands that invest in sustainable practices and transparent communication can expect to see increased consumer loyalty and market share.
The U.S. Market is Estimated at $ Million in 2023, While China is Forecast to Reach $ Million.
Recycled PET Yarns Segment to Reach $ Million by 2030, with a % CAGR in next six years.
Rising Interest: Sustainable apparel is increasingly becoming a significant consideration for consumers. Recent surveys indicate that approximately 60% of consumers are willing to pay more for eco-friendly clothing. This marks a notable shift in consumer priorities towards environmental responsibility.
Millennial and Gen Z Influence: These two demographic groups are at the forefront of the sustainable fashion movement. About 75% of Millennials and Gen Z consumers consider sustainability when making a purchase, driving brands to adopt greener practices.
Consumer Spending: On average, consumers in the sustainable apparel market spend 20% more per item compared to those purchasing conventional apparel. This premium spending reflects the value placed on ethical production and sustainable materials.
Purchase Drivers: Key factors influencing purchases include environmental impact (75%), labor practices (65%), and product durability (60%). Consumers are not only looking for eco-friendly materials but also ethical production processes.
Brand Loyalty: Sustainability practices significantly impact brand loyalty. Over 70% of consumers say they are more likely to remain loyal to a brand that prioritizes sustainable practices. This loyalty often translates into repeat purchases and positive word-of-mouth.
Awareness and Education: Despite growing interest, about 45% of consumers still lack comprehensive understanding of what constitutes sustainable apparel. Brands have the opportunity to educate consumers on their sustainability initiatives and the benefits of eco-friendly clothing.
Transparency and Trust: Transparency is crucial. Approximately 80% of consumers trust brands that are transparent about their supply chain and manufacturing processes. Brands that provide clear and honest information about their sustainability efforts can build stronger consumer trust.
North America and Europe: These regions lead the market with the highest demand for sustainable apparel, driven by heightened environmental awareness and stringent regulatory standards. In Europe, the market is expected to grow by over 10% annually.
Emerging Markets: Asia-Pacific, Latin America, and Africa are emerging markets for sustainable apparel. Although currently less developed, these regions show significant potential due to rising middle-class populations and increasing environmental concerns.
We surveyed the Sustainable Apparel manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
This report provides detailed historical analysis of global market for Sustainable Apparel from 2018-2023, and provides extensive market forecasts from 2024-2032 by region/country and subsectors. It covers the sales/revenue/value, gross margin, historical growth and future perspectives in the Sustainable Apparel market.
Leading Players of Sustainable Apparel including:
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