South Africa Luxury Vegan Men’s Fashion Market Size & Outlook

The luxury vegan men’s fashion market in South Africa is expected to reach a projected revenue of US$ 554.4 million by 2028. A compound annual growth rate of 8.6% is expected of South Africa luxury vegan men’s fashion market from 2021 to 2028.
Revenue, 2020 (US$M)
$285.5
Forecast, 2028 (US$M)
$554.4
CAGR, 2021 - 2028
8.6%
Report Coverage
South Africa

South Africa luxury vegan men’s fashion market highlights

  • The South Africa luxury vegan men’s fashion market generated a revenue of USD 285.5 million in 2020 and is expected to reach USD 554.4 million by 2028.
  • The South Africa market is expected to grow at a CAGR of 8.6% from 2021 to 2028.
  • In terms of segment, footwear was the largest revenue generating product in 2020.
  • Accessories is the most lucrative product segment registering the fastest growth during the forecast period.


Luxury vegan men’s fashion market data book summary

Market revenue in 2020USD 285.5 million
Market revenue in 2028USD 554.4 million
Growth rate8.6% (CAGR from 2020 to 2028)
Largest segmentFootwear
Fastest growing segmentAccessories
Historical data2016 - 2019
Base year2020
Forecast period2021 - 2028
Quantitative unitsRevenue in USD million
Market segmentationAccessories, Clothing & Apparel, Footwear
Key market players worldwideKomodo Fashion, ECOALF, Rapanui, TACT & STONE, Thought Clothing, Carpasus, Wuxly


Other key industry trends

  • In terms of revenue, South Africa accounted for 1.6% of the global luxury vegan men’s fashion market in 2020.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
  • In Middle East & Africa, South Africa luxury vegan men’s fashion market is projected to lead the regional market in terms of revenue in 2028.
  • South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 554.4 million by 2028.

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Luxury Vegan Men’s Fashion Market Companies

Name Profile # Employees HQ Website

South Africa luxury vegan men’s fashion 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 luxury vegan men’s fashion market will help companies and investors design strategic landscapes.


Footwear was the largest segment with a revenue share of 41.79% in 2020. Horizon Databook has segmented the South Africa luxury vegan men’s fashion market based on accessories, clothing & apparel, footwear covering the revenue growth of each sub-segment from 2016 to 2028.


The improving quality of life and global exposure to trendy and fashionable office wear are expected to drive the luxury vegan men’s fashion market in South Africa. 

Traditionally, consumers in the country prefer wearing apparel that reflects their culture instead of the names of designer brands renowned worldwide. 

In the recent past, ready-to-wear garments have been gaining traction among customers, which will drive the luxury vegan men’s fashion market in the country.

Reasons to subscribe to South Africa luxury vegan men’s fashion market databook:

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Target buyers of South Africa luxury vegan men’s fashion market databook

  • Our clientele includes a mix of luxury vegan men’s fashion 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 country-level data and insights on the South Africa luxury vegan men’s fashion market , including forecasts for subscribers. This country databook contains high-level insights into South Africa luxury vegan men’s fashion market from 2016 to 2028, including revenue numbers, major trends, and company profiles.

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South Africa luxury vegan men’s fashion market size, by product, 2016-2028 (US$M)

South Africa Luxury Vegan Men’s Fashion Market Outlook Share, 2020 & 2028 (US$M)

South Africa luxury vegan men’s fashion market size, by product, 2016-2028 (US$M)

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