The jeanswear market is set to experience remarkable growth, projected to reach a value of USD 118.28 Billion by 2030, compared to USD 66.77 Billion in 2021. Verified Market Research anticipates a CAGR of 8.51% from 2023 to 2030 for this market.
Jeans continue to be immensely popular, especially among the younger demographic, due to their comfort, durability, and ease of wear. Manufacturers in developed economies are placing emphasis on creating "perfect fit" jeans, driving continuous product innovation within the market.
A recent trend in denim manufacturing is the incorporation of synthetic fibers, offering stretchability. Customers are attracted to jeans for their aesthetic appeal, moisture absorption, color resistance, and overall comfort. Increasing living standards and growing consumer awareness of various jean styles, such as boot cut, high rise, cropped, skinny, tapered, and regular fit, are also contributing to the expansion of the market.
The demand for branded apparel is on the rise, further propelling the growth of the jeans market. The preference for sustainable denim clothing is growing not only in developed countries but also in developing nations like China and India. This presents opportunities for jeanswear manufacturers to produce denim from recyclable materials, including plastic. The production of sustainable denim represents a significant opportunity for participants in the jeanswear Market.
As per global jeanswear overview, the market is witnessing a shift in consumer preferences towards distressed, cropped, and patched jeans. Trendy styles like cropped hems, boyfriend jeans, two-tone jeans, and skinny jeans are gaining popularity, especially among the younger generation, due to their casual appearance and media promotion. Decorative denim featuring patches, laces, and embroidery is also selling rapidly in the market.
The growing demand for fashionable apparel among the youth population is a key driver of market growth. Denim is widely available in casual wear, offering a wide range of colors and shades. Increased awareness of fashion trends, the presence of apparel retail chains, and the growth of e-commerce are expected to further boost market expansion. Changing lifestyles, coupled with rising disposable income, are fueling the demand for premium designer denim.
Additionally, there is an increased demand for denim accessories such as bags and shoes.
By Fashionating World
https://www.fashionatingworld.com/new1-2/jeanswear-market-projected-to-reach-usd-118-28-bn-fueled-by-demand-from-youth-for-branded-and-fashionable-apparel