Dublin, July 05, 2024 (GLOBE NEWSWIRE) — The “Fast Fashion – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Fast Fashion was valued at an estimated US$111.4 Billion in 2023 and is projected to reach US$184.7 Billion by 2030, growing at a CAGR of 7.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Sustainability concerns are increasingly coming to the forefront of consumer consciousness, influencing a shift within the fast fashion industry. Awareness about the environmental and ethical implications of fast fashion – such as waste, pollution, and labor conditions – has led to growing pressure for change. In response, some fast fashion brands are beginning to integrate more sustainable practices, such as using recycled materials and reducing waste in their supply chains. Another significant trend is the digitalization of fashion retail.
The use of artificial intelligence for inventory management, virtual fitting rooms, and personalized marketing strategies are reshaping the shopping experience, making it more efficient and tailored to individual preferences. Despite the growing awareness and appreciation for the benefits of circular fashion, fast fashion`s deep-rooted presence in consumer culture, especially among young demographics, makes it challenging to phase out. The speed with which fast fashion aligns with ever-changing trends makes it particularly appealing to the youth demographic, underscoring a societal inclination towards immediate gratification and trend participation.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Female Gender segment, which is expected to reach US$112.5 Billion by 2030 with a CAGR of a 7.1%. The Male Gender segment is also set to grow at 8.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $30.4 Billion in 2023, and China, forecasted to grow at an impressive 11.8% CAGR to reach $40.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Fast Fashion Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Fast Fashion Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Fast Fashion Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Authentic Brands Group LLC, Boohoo.com UK Limited, C&A Mode GmbH & Co. KG, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 371 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $111.4 Billion |
| Forecasted Market Value (USD) by 2030 | $184.7 Billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Fast Fashion – Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Social Media Trends Propel Demand for Rapidly Changing Fashion Styles
- Sustainability Concerns Generate Shifts Towards Eco-Friendly Fast Fashion Options
- Economic Fluctuations Drive Consumer Spending on Affordable Apparel
- Consumer Demand for Instant Gratification Strengthens Same-Day Delivery Services
- Influence of Celebrity and Influencer Collaborations on Brand Popularity
- Rising Consumer Awareness of Ethical Practices Throws the Spotlight on Brand Transparency
- The Role of Fast Fashion in Shaping Urban Youth Culture
- Growth of E-commerce Platforms Expands Reach of Fast Fashion Brands
- Adaptive Clothing Designs Cater to a Broader Market Segment
- The Revival of Vintage and Second-Hand Trends Challenges New Sales
- Consumer Data Analytics Drives Targeted Marketing Strategies
FOCUS ON SELECT PLAYERS(Total 44 Featured):
- Authentic Brands Group LLC
- Boohoo.com UK Limited
- C&A Mode GmbH & Co. KG
- Charlotte Russe, Inc.
- Cotton On Australia Pty Ltd
- Fashion Nova, LLC
- Fast Retailing Co., Ltd.
- Hennes & Mauritz AB
- Industria de Diseno Textil, S.A.
- ITX USA LLC (Bershka)
- Pull & Bear
- PUNTO FA, SL (Mango Fashion Group)
- River Island
- The Gap, Inc.
- Victoria`s Secret & Co.
For more information about this report visit https://www.researchandmarkets.com/r/tlgu4v
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.