India Ethnic Wear Market Size & Outlook, 2023-2030
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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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Modanisa | View profile | 101-250 | Istanbul, Istanbul, Turkey, Europe | http://www.modanisa.com |
| Global Desi Store | View profile | 101-250 | Bangalore, Karnataka, India, Asia | https://www.globaldesi.in |
| Afrikrea | View profile | 11-50 | Abidjan, Lagunes, Côte d'Ivoire, Africa | https://www.afrikrea.com/ |
| Lemlem | View profile | 11-50 | New York, New York, United States, North America | https://www.lemlem.com |
| Vedant Fashions | View profile | - | Kolkata, West Bengal, India, Asia | https://www.vedantfashions.com/ |
| BIBA Apparels | View profile | 501-1000 | New Delhi, Delhi, India, Asia | https://www.biba.in/intl |
| Elia Group SA/NV | View profile | 2750 | Boulevard de l’Empereur 20, Brussels, Belgium, B-1000 | https://www.eliagroup.eu |
| Wacoal Holdings Corp | View profile | 19629 | 29, Nakajima-cho, Kisshoin, Minami-ku, Kyoto, Japan, 601-8530 | http://www.wacoalholdings.jp |
| Shimamura Co Ltd | View profile | 15470 | 2-19-4 Miyahara-cho, Kita-ku, Saitama, Japan, 331-9550 | https://www.shimamura.gr.jp |
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.
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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 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.
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India ethnic wear market size, by distribution channel, 2018-2030 (US$M)
India Ethnic Wear Market Outlook Share, 2023 & 2030 (US$M)
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