India Ethnic Wear Market Size & Outlook, 2023-2030
The ethnic wear market in India is expected to reach a projected revenue of US$ 30,448.6 million by 2030. A compound annual growth rate of 6.9% is expected of India ethnic wear market from 2024 to 2030.
Revenue, 2023 (US$M)
$19,093.9
Forecast, 2030 (US$M)
$30,448.6
CAGR, 2024 - 2030
6.9%
Report Coverage
India
India ethnic wear market, 2018-2030 (US$M)
Related Markets
India ethnic wear market highlights
- The India ethnic wear market generated a revenue of USD 19,093.9 million in 2023 and is expected to reach USD 30,448.6 million by 2030.
- The India market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, offline was the largest revenue generating distribution channel in 2023.
- Online is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
Ethnic wear market data book summary
| Market revenue in 2023 | USD 19,093.9 million |
| Market revenue in 2030 | USD 30,448.6 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Offline |
| Fastest growing segment | Online |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Online, Offline |
| Key market players worldwide | BIBA Apparels, Vedant Fashions, Shimamura Co Ltd, Wacoal Holdings Corp, Modanisa, Lemlem, Afrikrea, Global Desi Store, Elia Group SA/NV |
Other key industry trends
- In terms of revenue, India accounted for 20.7% of the global ethnic wear market in 2023.
- Country-wise, India is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India ethnic wear 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 30,448.6 million by 2030.
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Ethnic Wear Market Scope
Ethnic wear market segmentation & scope
Ethnic Wear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India 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 64.3% in 2023. Horizon Databook has segmented the India ethnic wear market based on online, offline covering the revenue growth of each sub-segment from 2018 to 2030.
- India Ethnic Wear Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Online
- Offline
- India Ethnic Wear End User Outlook (Revenue, USD Million, 2018-2030)
- Men
- Women
- Children
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Our clientele includes a mix of ethnic wear market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the India ethnic wear market , including forecasts for subscribers. This country databook contains high-level insights into India ethnic wear market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India ethnic wear market size, by distribution channel, 2018-2030 (US$M)
India Ethnic Wear Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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