Global Ethnic Wear Market Size & Outlook, 2023-2030
Global ethnic wear market, 2018-2030 (US$M)
Related Markets
Global ethnic wear market highlights
- The global ethnic wear market generated a revenue of USD 92,309.9 million in 2023 and is expected to reach USD 138,626.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6% by 2030.
- In terms of segment, offline accounted for a revenue of USD 58,477.6 million in 2023.
- Online is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 92,309.9 million |
| Market revenue in 2030 | USD 138,626.2 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Offline |
| Fastest growing segment | Online |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Online, Offline |
Other key industry trends
- In terms of revenue, the North America accounted for 4.9% of the global ethnic wear market in 2023.
- By country, the India is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 1,333.1 million by 2030.
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Ethnic Wear Market Scope
Ethnic Wear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global ethnic wear market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ethnic wear market will help companies and investors design strategic landscapes.
Offline was the largest segment with a revenue share of 63.35% in 2023. Horizon Databook has segmented the Global ethnic wear market based on online, offline covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Ethnic Wear Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Online
- Offline
- Global Ethnic Wear End User Outlook (Revenue, USD Million, 2018-2030)
- Men
- Women
- Children
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Target buyers of Global ethnic wear market databook
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Our clientele includes a mix of ethnic wear market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global ethnic wear market , including forecasts for subscribers. This global databook contains high-level insights into Global ethnic wear market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global ethnic wear market size, by region, 2018-2030 (US$M)
Top 10 countries: Ethnic wear market size, 2023 (US$M)
Global ethnic wear market share, by distribution channel, 2023 & 2030 (%, US$M)
Ethnic wear market: Opportunity assessment by country
Global ethnic wear market, by region, 2023 (US$M)
| Distribution Chann... | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 4,562.8 | 4,715.4 | 3,955.2 | 4,030.9 | 4,255.6 | 4,547.5 | 4,832.5 | 5,111.4 | 5,386.2 | 5,633.2 | 5,869.1 | 6,091.1 | 6,296.3 | 4.8% |
| Europe | 8,139.7 | 8,459.3 | 7,134.8 | 7,315.2 | 7,769.3 | 8,352.2 | 8,928.8 | 9,500.9 | 10,071.8 | 10,597.0 | 11,107.2 | 11,597.6 | 12,063.2 | 5.4% |
| Asia Pacific | 52,862.7 | 55,374.6 | 47,074.0 | 48,652.2 | 52,087.9 | 56,444.9 | 60,827.0 | 65,244.4 | 69,720.9 | 73,945.4 | 78,129.4 | 82,236.4 | 86,229.0 | 6.2% |
| Latin America | 3,151.5 | 3,246.4 | 2,714.3 | 2,756.3 | 2,899.4 | 3,087.1 | 3,268.7 | 3,444.8 | 3,616.9 | 3,769.1 | 3,912.7 | 4,045.6 | 4,166.1 | 4.4% |
| MEA | 18,803.6 | 19,657.0 | 16,673.7 | 17,201.3 | 18,380.8 | 19,878.2 | 21,376.3 | 22,878.0 | 24,391.5 | 25,807.6 | 27,200.2 | 28,559.0 | 29,871.6 | 6.0% |
| Overall | 87,520.3 | 91,452.7 | 77,552.0 | 79,955.9 | 85,393.0 | 92,309.9 | 99,233.3 | 106,179.5 | 113,187.3 | 119,752.3 | 126,218.6 | 132,529.7 | 138,626.2 | 6.0% |
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