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Luxury Vegan Men's Fashion Market Size with Healthy CAGR of 15.40% by 2030, Size, Share, Demand, Rising Trends and Competitive Outlook
Luxury Vegan Men's Fashion Market
Data Bridge Market Research analyses that the luxury vegan men's fashion market was valued at USD 23.31 billion in 2022 and is expected to reach USD 73.30 billion by 2030, registering a CAGR of 15.40% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
The growing popularity of vegan accessories and clothing made from cruelty-free sources has been contributing to better social acceptance of these products. As per the analysis of Vegan Society, it was projected that there were around 600,000 vegans in the U.K. in 2018, and the number has been progressively doubling every year since 2014. The "E-commerce" segment is expected to be the fastest-growing distribution channel segment due to growing digitalization and rapid growth of e-commerce and, specifically, among the younger generation and millennials during the forecast period.
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