Latin America Ethnic Wear Market Size & Outlook, 2023-2030

The ethnic wear market in Latin America is expected to reach a projected revenue of US$ 4,166.1 million by 2030. A compound annual growth rate of 4.4% is expected of Latin America ethnic wear market from 2024 to 2030.
Revenue, 2023 (US$M)
$3,087.1
Forecast, 2030 (US$M)
$4,166.1
CAGR, 2024 - 2030
4.4%
Report Coverage
Latin America

Latin America ethnic wear market highlights

  • The Latin America ethnic wear market generated a revenue of USD 3,087.1 million in 2023.
  • The market is expected to grow at a CAGR of 4.4% 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.
  • Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.


Latin America data book summary

Market revenue in 2023USD 3,087.1 million
Market revenue in 2030USD 4,166.1 million
Growth rate4.4% (CAGR from 2023 to 2030)
Largest segmentOffline
Fastest growing segmentOnline
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationOnline, Offline
Key market players worldwideBIBA 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, Latin America region accounted for 3.3% of the global ethnic wear market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 86,229.0 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

Latin America 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 66.91% in 2023. Horizon Databook has segmented the Latin America ethnic wear market based on online, offline covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Latin America ethnic wear market databook

  • Our clientele includes a mix of ethnic wear market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 continent-level data and insights on the Latin America ethnic wear market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America ethnic wear market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America ethnic wear market size, by country, 2018-2030 (US$M)

Latin America Ethnic Wear Market Outlook Share, 2023 & 2030 (US$M)

Latin America ethnic wear market size, by country, 2018-2030 (US$M)

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