Ethical Fashion Market 2023 By Size, Demand, Industry Trends And Competitive Landscape-2032

As per The Business Research Company's Ethical Fashion Market Opportunities And Strategies Market Report 2023, The ethical fashion market reached a value of nearly $7,548.2 million in 2022, having grown at a compound annual growth rate (CAGR) of 6.5% since 2017. The market is expected to grow from $7,548.2 million in 2022 to $11,122.2 million in 2027 at a rate 8.1%. The market is then expected to grow at a CAGR of 8.6% from 2027 and reach $16,819.0 million in 2032.

Going forward, the increasing global population is expected to propel the growth of the ethical fashion market. An increase in population creates more demand for product innovation and demand for fabrics used in apparels, automobiles, and home furnishings products. For example, in November 2022, according to ReliefWeb, a US based humanitarian information portal, the world's population is projected to reach 8 billion. According to the United Nations, an international intergovernmental organization, the global population could grow to around 8.5 billion in 2030, 9.7 billion in 2050 and 10.4 billion in 2100. Therefore, companies in the ethical fashion market are expected to benefit from the rising demand for efficient and durable fabrics by the growing population during the forecast period.

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Companies in the ethical fashion market are recycling and upcycling in order to reduce wastage. Recycling reduces the consumption of energy and raw materials used in the manufacturing process. In Upcycling, the discarded materials out of the manufacturing process are used to create a high-quality product. It can significantly reduce wastage by using all the deadstock and gently used fabric to create new apparels. It can be done using used clothes too, which helps in re-fashioning many of the clothes into different styles. By minimizing or reducing the waste materials in manufacturing, companies can also see a positive effect in their revenues. For example, in February 2022, Rubymoon, a UK based not for profit swimwear & active wear company is manufacturing swimwear and gym wear using fishing nets and plastic bottles taken from the ocean. This has reduced the company's carbon footprint by 42% compared to other high street swimwear and it is dispatched in 100% recycled and biodegradable mailing bags. Additionally, in July 2021, EcoKaari, an India-based social enterprise, upcycles waste plastic into handcrafted fabrics using handlooms and wooden spindles (Charkha). These fabrics are then used to make everyday utility items like fashion accessories, handbags and wallets.

The top opportunities in the ethical fashion market segmented by product will arise in the organic segment, which will gain $1,260.1 million of global annual sales by 2027. The top opportunities in segment by type will arise in the eco-friendly segment, which will gain $1,636.9 million of global annual sales by 2027. The top opportunities in segment by end user will arise in the women segment, which will gain $1,936.1 million of global annual sales by 2027. The ethical fashion market size will gain the most in the China at $857.9 million.

Ethical Fashion Market Segmentation:
The ethical fashion market is also segmented by type, by product, by end-user.

By Type -
a) Fair Trade
b) Animal Cruelty Free
c) Eco-Friendly
d) Charitable Brands

By Product-
a) Organic
b) Man-Made/Regenerated
c) Recycled
d) Natural

By End-User
a) Men
b) Women
c) Kids

Major players in the Ethical Fashion Market market include
Eileen Fisher
LVMH Moët Hennessy Louis Vuitton (LVHM)
Levi Strauss & Co.
H&M Concious (H&M Group)
Reformation

The regions covered in the global Ethical Fashion Market market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Ethical Fashion Market Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Ethical Fashion Market Report Table Of Content

1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
..................

19. Company Profiles
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. Ethical Fashion Market, Conclusions And Recommendations
23. Appendix

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