Islamic Clothing Global Market Worth $104.09 Billion By 2028 Rapid Growth Predicted CAGR of 6.9% | Artizara Inc., Haute Hijab LLC, Inayah Collections Ltd, Niswa Fashion LLC, AlHannah Trading LLC

"The Business Research Company recently released a comprehensive report on the Global Islamic Clothing Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The Islamic clothing market size has grown strongly in recent years. It will grow from $74.52 billion in 2023 to $79.61 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increasing Muslim population, growth in online retailing, expansion of halal markets, rise of Islamic fashion weeks, and growth of e-commerce platforms.

The Islamic clothing market size is expected to see strong growth in the next few years. It will grow to $104.09 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing online retail, rising ethical fashion, increasing tourism and pilgrimage, improved retail infrastructure, growth of halal markets. Major trends in the forecast period include adoption of e-commerce platforms, advancements in textile technology, implementation of digital marketing strategies, development of modest fashion lines, advancements in retail technologies.

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Market Drivers and Trends:

The increase in muslim population is expected to propel the growth of the Islamic clothing market going forward. The increase in the muslim population is attributed to higher fertility rates and younger age demographics compared to other religious groups. Islamic clothing helps the growing muslim population by fostering a sense of identity and community, while also catering to their cultural and religious needs in the fashion industry. For instance, in October 2021, according to the Indonesia Sharia Economic Festival, an Indonesia-based initiative of the Central Bank of Indonesia in partnership with all key stakeholders of Indonesia Islamic Economic and Finance industry, the global Muslim population, which was 1.9 billion or 25% of the global population in 2020, is projected to grow to 2 billion by 2030. Therefore, increase in Muslim population is driving the growth of the Islamic clothing market.

Major companies operating in the Islamic clothing market are developing fitness hijabs to provide comfort and performance for active Muslim women. Fitness hijabs are specialized athletic head coverings designed for Muslim women engaging in sports and fitness activities. For instance, in June 2022, Lululemon, a Canada-based athletic apparel company, introduced workout hijabs for Muslim women, specifically designed for sports and fitness activities, featuring performance, pull-on, and scarf styles. These hijabs utilize advanced fabrics such as soft, sweat-wicking, quick-drying, four-way stretch fabric and Lycra, ensuring enhanced comfort and functionality. This initiative holds significance in the Islamic clothing market by addressing the rising need for sports-oriented hijabs, fostering inclusivity and cultural understanding within the athletic wear market.

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Major Key Players of the Market:

H & M Hennes & Mauritz AB, Uniqlo Co. Ltd., Tommy Hilfiger Licensing LLC, Punto Fa SL (MANGO), Modanisa Elektronik Mağazacılık ve Ticaret AŞ, NH Prima International Sdn Bhd, Oscar de la Renta LLC, East Essence Inc., MYBATUA Fashion Pvt. Ltd., Blanc de Chine International Ltd., Aab UK Ltd, BasharaCare Trading LLC, SHUKR Clothing Ltd, Inayah Collections Ltd, Niswa Fashion LLC, AlHannah Trading LLC, Artizara Inc., Haute Hijab LLC, Al-Mujalbaba Fashion Inc., Annah Hariri Fashion House LLC, Veiled Collection LLC, Shukr UK Ltd, Boutique Ottoman Jewelry and Accessories, Child's Cup Full Inc. (Darzah), Verona Collection LLC

Islamic Clothing Market 2024 Key Insights:

• The Islamic clothing market size is expected to see strong growth in the next few years. It will grow to $104.09 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
• Impact of Rising Muslim Population on the Growth of the Islamic Clothing Market
• Development Of Fitness Hijabs In The Islamic Clothing Market
• Middle East was the largest region in the Islamic clothing market in 2023

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