Asia-Pacific is likely to hold a significant market share from 2021 to 2026 owing to growth in the infant population especially in developing countries like India and China, reveals a research report by Research and Markets. Robust economic growth and rising household incomes are expected to increase consumer spending on children’s apparel and footwear products in the Asia-Pacific region. The growth in the number of high net worth individuals and urbanisation in Middle East countries, especially Saudi Arabia, Qatar and the UAE, is creating huge opportunities for luxury children’s apparel brands to enter the apparel market of these countries. The growing operational expansion of key players in Asian countries is likely to boost the market growth in African region.
New product developments, in compliance with consumer trends, are expected to help in better positioning of products. Therefore, brands and retailers are focusing on expanding their product offerings by launching new apparel designs, in order to cater to the demographic segment of consumers.
Brands such as Dolce & Gabbana, Stella McCartney and Gucci are offering luxury children’s apparel in the Middle East and North American region. Among the others are Carter’s, Adidas, Benetton, Gap, Nike, Disney, American Apparel and Dolce & Gabbana.
By Fashionating World
https://www.fashionatingworld.com/new1-2/global-junior-wear-market-grows-at-eight-per-cent