IMARC Group, a leading market research company, has recently releases report titled “Vegan Women's Fashion Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global vegan women's fashion market size, share, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the vegan women's fashion market?
The global vegan women's fashion market size reached US$ 514 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1195 Billion by 2028, exhibiting a growth rate (CAGR) of 14.7% during 2023-2028.
What is Vegan Women's Fashion?
Vegan women's fashion refers to clothing, accessories, and footwear made without the use of animal-derived materials such as leather, wool, silk, and fur. The aim is to provide ethical and sustainable fashion alternatives that do not exploit animals for material gain. Vegan fashion incorporates a range of synthetic or plant-based materials like faux leather, organic cotton, and recycled polyester. With growing concerns about animal welfare, environmental degradation, and sustainability, vegan women's fashion is gaining increased recognition and popularity. Many mainstream and specialized brands now offer vegan collections, featuring everything from everyday wear to high-end designer pieces.
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What are the growth prospects and trends in the vegan women's fashion industry?
The growing segment of consumers is becoming increasingly concerned with animal welfare, which represents one of the key factors driving the growth of the market across the globe. This increased ethical awareness motivates individuals to seek out cruelty-free alternatives in fashion which is boosting the growth of the market. The market is also driven by the conventional fashion industry which is often criticized for its environmental impact. Vegan fashion, often made from sustainable materials, is seen as an eco-friendly option, which attracts environmentally conscious consumers, thus fueling the growth of the market. Materials like vegan leather are often free from harmful chemicals that are used in traditional leather tanning processes. This appeals to health-conscious buyers. High-profile endorsements and social media campaigns advocating vegan fashion contribute significantly to its rising popularity. When well-known figures adopt vegan fashion, it becomes more appealing to their followers. Technological advancements are leading to the development of high-quality, durable vegan materials that can often mimic the feel and longevity of animal-derived materials. These improvements make vegan fashion more competitive in terms of quality which is facilitating the growth of the market across the globe.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Accessories
- Clothing and Apparel
- Footwear
Breakup by Distribution Channel:
- Hypermarkets and Supermarkets
- E-commerce
- Departmental Stores
- Specialty Stores
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Adidas AG
- avesu GmbH
- Envelope1976 International
- Ethletic
- Hexa Shoes
- Matt & Nat Canada
- Mayamiko
- MooShoes
- Reformation
- Stella McCartney
- Thought Clothing
- Whimsy & Row
Browse the full report with TOC and list of Figures: https://www.imarcgroup.com/vegan-womens-fashion-market
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