Ethical Fashion Market Is Expected To Witness Exponential Growth In The Forecast Period
According to The Business Research Company's ethical fashion market report, the ethical fashion market reached a value of nearly $6,349.9 million in 2020, having increased at a compound annual growth rate (CAGR) of 6.1% since 2015. The ethical fashion market is expected to grow from $6,349.9 million in 2020 to $10,109.9 million in 2025 at a compound annual growth rate (CAGR) of 9.7%. The growth is mainly due to the growing awareness about using ethical fashion for sustainability. The ethical fashion market is expected to grow from $10,109.9 million in 2025 to $15,584.2 million in 2030 at a CAGR of 9.0%.
Growth in the historic period resulted from emerging markets growth, rise in foreign direct investments, and increasing customer focus towards sustainable fashion. This growth was restricted by high costs of ethical fashion and reduction in free trade.
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The ethical fashion market is segmented -
• By Product: Organic Man-Made/Regenerated, Recycled. Natural
• By Type: Fair Trade, Animal Cruelty Free, Eco-Friendly, Charitable Brands
• By End-User: Men, Women, Kids
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia Pacific was the largest region in the ethical fashion market.
Major competitors in the ethical fashion market include Eileen Fisher, Reformation, H&M Concious (H&M Group), Levi Strauss & Co, Everlane
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The ethical fashion market consists of sales of apparels by entities (organizations, sole traders or partnerships) that that are primarily engaged in designing, production, retail, and purchasing of ethical fashion apparels. Ethical fashion is the designing and manufacturing of clothes while caring for the people and communities involved in the process, and while also minimizing the impact on the environment. It focuses on both the social and environmental impact of fashion, seeking to improve the working conditions of laborers and the environment.
The Table Of Content For The Ethical Fashion Market Include:
1. Ethical Fashion Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
20. Global Ethical Fashion Market Competitive Landscape
21. Key Mergers And Acquisitions In The Ethical Fashion Market
22. Ethical Fashion Market Opportunities And Strategies
23. Ethical Fashion Conclusions And Recommendations
The Business Research Company's "Global Ethical Fashion Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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