Denim Market Analysis - Industry Size, Share, Demand, Trends by 2018-2023 with Hennes & Mauritz AB, Levi Strauss & Co., American Eagle Outfitters, Inc., Levi Strauss & Co., VF Corporation, AG Adriano Goldschmied, Inc.

Market Summary:

The global denim market is projected to garner USD 128,643.1 million during the forecast period (2018-2023). The global market is anticipated to experience 4.60% CAGR owing to the growing preference of denim apparel among the youth, asserts Market Research Future (MRFR). Denim is referred to as a rugged cotton twill textile or a fabric which is used to prepare products such as shirts, jeans, bags, jackets, and other accessories. Evolved from the demand of American gold-miners in order to withstand the work stress, has gained huge acceptance especially among the youth population. The first denim manufactured was in the year 1873 by Levi Strauss and Jacob Davis. Today denim is a fashionable and important item in every wardrobe and has become one of the most lucrative businesses across the globe.

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Competitive Analysis:

Expansions and new product launches seem to be prime strategies of players to create brand awareness and attain new demographics. For instance, Gildan Activewear SRL has recently announced the availability of American Apparel lineup through its online stores, making it available in 200 countries and above.

Leading Key Players:

Hennes & Mauritz AB
PVH Corp.
Inditex
Levi Strauss & Co.
VF Corporation
American Eagle Outfitters, Inc.
Gildan Activewear, Inc.
AG Adriano Goldschmied, Inc.
Uniqlo Co. Ltd
Citizen of Humanity LLC

Segmental Industry Analysis:

The global denim market has been segmented on the basis of type, consumer group, distribution channel, and region.

By mode of type, the global denim market has been segmented into loose fit, slim fit, and others. Loose fit denims account for 34.8% of the market share and is estimated to expand at a moderate rate owing to the texture and comfort it offers. The slim fit denims are considered to retain its dominance during the estimated period owing to the rising preference of the consumers towards skinny fit apparels. The others segment comprises joggers, straight fit, cropped jeans, high waisted jeans, baggy jeans, boot cut, and others. This segment is likely to expand at 4.46% CAGR during the appraisal period.

TABLE OF CONTENTS

1 Executive Summary

2 Market Introduction

2.1 Definition 16

2.2 Scope Of The Study

2.3 List Of Assumptions

2.4 Market Structure

2.5 Key Takeaways

2.6 Key Buying Criteria

3 Research Methodology

3.1 Research Process

3.2 Primary Research

Continued...

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By mode of consumer group, the global denim market has been segmented into male and female. Among these, the female segment is considered to hold the major market proportion as women consumers follow the style ideas and develop fashion inspirations from social media and magazines. The demand for luxury and premium denim is accelerating at a high pace over normal denim among the female population due to the increasing per capita disposable income. The segment is expected to be worth USD 70,602.3 million by 2023.

By mode of distribution channel, the global denim market has been segmented into store-based and non-store-based. Among these, the consumer preference towards store-based channels is high due to the one-stop shopping experience offered to the consumers. While store-based distribution channels include convenience stores, supermarket/hypermarket, and others, the non-store-based distribution channel comprises several e-commerce platforms where the consumers can browse through several shopping sites. The non-store channel is expected to experience a robust CAGR of 5.30% over the forecast period and net higher profit margins for the denim market.

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This release was published on openPR.