Global Fast Fashion Market Overview By Recent Opportunities, Growth Size, Regional Analysis And Forecasts To 2032 | Zara (Inditex), H&M Group, Fast Retailing (Uniqlo), Gap, Forever 21, Mango
As per the Fast Fashion market report by The Business Research Company, Increasing adoption of affordable clothes by the rising youth population drove the fast fashion market. According to the United Nations estimates of the world's youth population, in 2019 the youth population totalled 1.2 billion and it's projected to grow by 7.9% to 1.3 million by 2030.
The global fast fashion market size will grow from $106.42 billion in 2022 to $122.98 billion in 2023 at a compound annual growth rate (CAGR) of 15.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global fast fashion market size is expected to grow to $184.96 billion in 2027 at a CAGR of 10.7%.
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Major competitors in the Fast Fashion market include Zara (Inditex), H&M Group, Fast Retailing (Uniqlo), Gap, Forever 21, Mango, Esprit, Primark, New Look, and River Island.
The Fast Fashion market is segmented -
• By Gender: Women's wear, Men's wear
• By Age: Adults wear, Teens wear, Kids wear, Other Ages
• By Type: Pants, Coat, Skirt, Other Types. Western Europe was the largest region in the fast fashion market in 2022.
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Fast fashion refers to a strategy to the design, development, and marketing of apparel designs that places an emphasis on giving consumers access to fashion trends fast and affordably. Fast fashion means garments that move quickly from the catwalk to the stores to meet the new trends. Fast fashion clothing collections are supported by the foremost recent fashion trends presented at Fashion Week.
The Table Of Content For The Fast Fashion Market Include:
1. Executive Summary
2. Fast Fashion Market Characteristics
3. Fast Fashion Market Trends And Strategies
4. Fast Fashion Market - Macro Economic Scenario
5. Fast Fashion Market Size And Growth
26. Africa Fast Fashion Market
27. Fast Fashion Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fast Fashion Market
29. Fast Fashion Market Future Outlook and Potential Analysis
The "Global Fast Fashion Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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