Press release
Sustainable Athleisure Market Report 2024: Strategies And Recent Developments
Sustainable Athleisure
The Business Research Company offers in-depth market insights through Sustainable Athleisure Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The sustainable athleisure market size has grown strongly in recent years. It will grow from $93.82 billion in 2023 to $101.9 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to rise of athleisure trend, health and wellness movement, environmental awareness, celebrity endorsements, shift in consumer preferences.
The sustainable athleisure market size is expected to see strong growth in the next few years. It will grow to $141.38 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to continued athleisure popularity, eco-friendly material innovation, rising interest in sustainable fashion, corporate sustainability initiatives, social media influence. Major trends in the forecast period include introduction of rental and subscription models, utilization of 3D printing and seamless construction, collaborations with sustainable athlete ambassadors, innovations in biodegradable and compostable materials, focus on circular fashion initiatives and take-back programs.
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Market Segmentation:
The sustainable athleisure market covered in this report is segmented -
1) By Type: Premium, Mass
2) By Gender: Women, Men
3) By Distribution Channel: Offline, Online
Major Driver - The Role Of Consumer Awareness In Fostering The Sustainable Athleisure Market
Raising awareness of consumers toward their physical fitness will support the growth of the sustainable athleisure market going forward. Physical fitness is an important factor in health promotion and disease prevention, and physical inactivity has been linked to several chronic diseases and risk factors. Hence, consumers are adapting physical activities into their daily lives to improve health. Sustainable athleisure is preferred by most people since it is constructed of environmentally safe materials and provides comfort during physical activity and exercise. For instance, in March 2021, according to a report published by MedAlertHelp, a US-based fitness organization, 19% of Americans participate in physical activity each day. In addition, 7% properly identified the requirements for moderate aerobic physical activity, whereas 25% correctly identified the recommendations for muscular activity. Thus, the growing awareness of consumers towards the importance of physical fitness will propel the sustainable athleisure market growth.
Competitive Landscape:
Major companies operating in the sustainable athleisure market report are NIKE Inc., Adidas Aktiengesellschaft, Hennes & Mauritz AB, Puma SE, Hanesbrands Inc., Levi Strauss & Co, Under Armour Inc., Patagonia Inc., Vera Bradley Inc., Athleta LLC, Reformation Inc., Eileen Fisher Inc., Prana Living LLC, Everlane Inc., Outdoor Voices Inc., Vuori Inc., PANGAIA AG, Outerknown LLC, Mondetta Performance Gear Ltd., WearPact LLC, Alternative Apparel Inc., Tasc Performance LLC, Summersalt LLC, Pact Organic Ltd., Toad&Co Inc.,Design AB, Organic Basics ApS, Public Myth Apparel Inc., Threads 4 Thought Inc., Thought Clothing Limited, Recover Textile Systems SL, Rapanui Clothing Ltd., Mate Organic Pvt Ltd., Girlfriend LLC
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Top Trend - Innovation In Sustainable Athleisure With Bio-Based Materials And Enhanced Performance
Major companies operating in the sustainable athleisure market are developing innovative products, such as bio-based activewear, to provide reliable services to customers. Bio-based activewear refers to clothing and accessories designed for physical activity, made from materials derived from renewable biological resources instead of traditional petroleum-based synthetics. For instance, in April 2023, PANGAIA, a UK-based provider of lifestyle products and accessories, launched Activewear 3.0. It is made with a blend of EVO® bio-based nylon and Creora® elastane, both derived from castor beans, making it their most bio-based offering yet. The collection features seamless garments designed to feel like a second skin, offering superior comfort and freedom of movement. PANGAIA's signature PPRMINTTM finish is incorporated into the fabric, utilizing natural peppermint oil to keep garments fresh and odor-free for longer.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Sustainable Athleisure Market Characteristics
3. Sustainable Athleisure Market Trends And Strategies
4. Sustainable Athleisure Market - Macro Economic Scenario
5. Sustainable Athleisure Market Size And Growth
…..
27. Sustainable Athleisure Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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