India Denim Market Size & Outlook, 2022-2030
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India denim market highlights
- The India denim market generated a revenue of USD 2,288.0 million in 2022 and is expected to reach USD 3,422.0 million by 2030.
- The India market is expected to grow at a CAGR of 5.2% from 2023 to 2030.
- In terms of segment, mass was the largest revenue generating category in 2022.
- Luxury is the most lucrative category segment registering the fastest growth during the forecast period.
Denim market data book summary
| Market revenue in 2022 | USD 2,288.0 million |
| Market revenue in 2030 | USD 3,422.0 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Mass |
| Fastest growing segment | Luxury |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mass, Premium, Luxury |
Other key industry trends
- In terms of revenue, India accounted for 10.3% of the global denim market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China denim market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,422.0 million by 2030.
Mass was the largest segment with a revenue share of 67.38% in 2022. Horizon Databook has segmented the India denim market based on mass, premium, luxury covering the revenue growth of each sub-segment from 2018 to 2030.
Several factors, including rising disposable income, increasing urbanization, and the growing popularity of casual wear, drive the growth of the denim market. In addition, international brands are increasing their presence in the Indian market, and Tier-3 and Tier-4 cities are also becoming important markets for jeans.
According to Cotton Inc., in 2022, 59% of Indians plan to purchase more jeans than the previous year, while 29% plan to buy the same as last year. Currently, the per capita consumption of jeans in India is around 0.5 pairs, which is much lower than in Western countries.
This means that there is a huge potential for growth in the Indian market. In order to reach the potential of even one pair of jeans per person, another 700 million pairs of jeans need to be sold annually. This presents significant growth opportunities for denim manufacturers in India.
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Denim Market Scope
Denim Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| KG Denim | View profile | 1001-5000 | Coimbatore, Tamil Nadu, India, Asia | https://www.kgdenim.com |
| Grupo Santana Textiles | View profile | 1001-5000 | Horizonte, Ceara, Brazil, South America | http://www.santanatextiles.com/ |
| Vicunha | View profile | 5001-10000 | Pinheiros, Sao Paulo, Brazil, South America | https://www.vicunha.com/ |
| Naveena Group | View profile | 1001-5000 | Karachi, Sindh, Pakistan, Asia | http://naveenagroup.com |
| Cone Mills | View profile | 1-10 | Greensboro, North Carolina, United States, North America | https://www.conedenim.com |
| Prosperity Textile | View profile | 1001-5000 | Guangzhou, Guangdong, China, Asia | https://www.prosperity-textile.com/ |
| Arvind | View profile | 10001+ | Ahmedabad, Gujarat, India, Asia | http://arvind.com |
| ISKO | View profile | 251-500 | Bursa, Bursa, Turkey, Europe | https://iskodenim.com |
| Raymond | View profile | 501-1000 | Mumbai, Maharashtra, India, Asia | http://www.raymondindia.com |
India denim market size, by category, 2018-2030 (US$M)
India Denim Market Outlook Share, 2022 & 2030 (US$M)
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