Latin America Denim Market Size & Outlook, 2022-2030
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Latin America denim market highlights
- The Latin America denim market generated a revenue of USD 3,761.1 million in 2022.
- The market is expected to grow at a CAGR of 4.6% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 3,761.1 million |
| Market revenue in 2030 | USD 5,394.1 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Mass |
| Fastest growing segment | Luxury |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mass, Premium, Luxury |
Other key industry trends
- In terms of revenue, Latin America region accounted for 17.0% of the global denim market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 5,394.1 million by 2030.
Mass was the largest segment with a revenue share of 64.51% in 2022. Horizon Databook has segmented the Latin America denim market based on mass, premium, luxury covering the revenue growth of each sub-segment from 2018 to 2030.
The Central and South American region is home to a large and diverse population, and this diversity is reflected in the demand for denim products. Different countries within the region have their unique fashion preferences and styles, leading to a varied market with opportunities for both local and international denim brands.
In recent years, there has been a rise in awareness among consumers about sustainable and ethically-produced clothing, which has further influenced the choices of denim buyers in the region. International denim brands have also recognized the potential of the Central and South American market and have been expanding their presence in the region.
These brands often improvise their marketing and product strategies to suit the preferences of local consumers. The influx of international brands has contributed to increased competition, pushing local manufacturers to improve the quality and design of their denim products to stay competitive.
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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 |
Latin America denim market size, by country, 2018-2030 (US$M)
Latin America Denim Market Outlook Share, 2022 & 2030 (US$M)
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