Eco Fashion News

Islamic Clothing Market Projected To Raise At $88.35 Billion By 2025: Grand View Research, Inc. – Press Release

“Grand View Research, Inc. – Market Research And Consulting.rn”

According to report published by Grand View Research, Increasing expenditure by Islamic population on lifestyle and apparels, especially among the wealthy, elite, and traditional Middle Eastern population is expected to propel the Islamic Clothing demand.

According to a report ,Islamic Clothing Market Size, Share & Trends Analysis Report By Product (Ethnic Wear, Sustainable Fashion, Sportswear), By Region (Middle East & Africa, Asia Pacific, Europe), And Segment Forecasts, 2018 – 2025″ published by Grand View Research, Inc., The global islamic clothing market size is expected to reach USD 88.35 billion by 2025. It is anticipated to register a CAGR of 5.0% over the forecast period. Increasing expenditure by Islamic population on lifestyle and apparels, especially among the wealthy, elite, and traditional Middle Eastern population is expected to propel the product demand.

Key Takeaways from the report:

  • In 2017, ethnic wear accounted for 70.9% market share, in terms of revenue, owing to rising demand for the abayas and hijabs and thobes and jubbas in countries with a high Islamic population

  • Burkha and naqaab segment is expected to expand at a CAGR of 5.4% from 2017 to 2025 owing to increasing demand from Middle Eastern countries including Saudi Arabia, UAE, and Iraq

  • Sustainable fashion is expected to register a CAGR of 4.9% over the forecast period on account of the shifting focus of the leading fashion brands towards the development of innovative clothing options for younger population

  • Asia Pacific contributed to over 31.3% revenue share in 2017 owing to the presence of over 63% of global Muslim population in Indonesia, Pakistan, India, Bangladesh, Myanmar, and Morocco

  • Key players operating in the Islamic clothing market are House of Fraser, Marks & Spenser, Aab, H&M, and Mango among others. Leading companies cater to the rising demand for diverse options from different parts of the world. Few manufacturers are large-scale producers with a diverse product portfolio, which enables them to cater to the increasing demand

Turkey Islamic clothing market size, by product, 2014 - 2025 (USD Billion)

Browse More Reports in Smart Textiles Industry:

  • Cooling Fabrics Market : Growing focus on fitness, sports, and leisure activities coupled with increasing health consciousness among the population all around the world is likely to propel market growth.
  • Antimicrobial Medical Textiles Market :  Rising prevalence of chronic diseases, an upsurge in the nosocomial infections worldwide, and growing awareness towards better healthcare practices are projected to fuel the demand for the product over the forecast period. 

Global Islamic clothing market share, by ethnic wear, 2017 (%)

Major countries outside Western fashion industry contributing to a significant share include Malaysia, Turkey, and Indonesia, where the industry is highly lucrative. Controversies around losing the ethnic value of Muslim clothing due to its shift towards mainstream fashion industry is projected to hamper the growth.

Initiation of various marketing campaigns by industry players in line with maintaining the very core of the Muslim percepts, Sharia, or the Islamic law is projected to propel growth of the Islamic clothing market. In addition, increasing demand for modest yet fashionable clothing, especially from young generation with high purchasing power is likely to complement market growth.

Increasing reservations regarding over-commercialization of what is primarily meant to be a rigorous religious mandate can pose as a challenge to the market players. In addition, involvement of multinational fashion brands is projected to restrain growth of the small Islamic clothing companies.

Grand View Research has segmented the global Islamic clothing market on the basis of product and region:

Islamic Clothing Product Outlook (Revenue, USD Million, 2014 – 2025)

  • Ethnic and Womenswear

    • Abayas & Hijabs

    • Prayer Outfits

    • Burkha & Naqaab

    • Thobes & Jubbas

    • Others

  • Sustainable Fashion

  • Sportswear

Islamic Clothing Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America

  • Europe

  • Asia Pacific

    • Indonesia

    • Malaysia

    • Pakistan

    • India

  • Central & South America

  • Middle East & Africa

    • UAE

    • Nigeria

    • Saudi Arabia

    • Egypt

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information:

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: Switzerland

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *