Global ethical fashion market
Dublin, 01 April 2022 (GLOBE NEWSWIRE) – The report “Ethical Fashion Global Market Opportunities And Strategies To 2030, By Type, Product, End-user” has been added to by ResearchAndMarkets.com offering.
The global ethical fashion market reached a value of nearly $ 6,349.9 million in 2020, with a compound annual growth rate (CAGR) of 6.1% since 2015. The market is projected to grow from $ 6,349.9 million. in 2020 to $ 10,109.9 million in 2025 at a compound annual growth rate (CAGR) of 9.7%. The growth is mainly due to the growing awareness of using ethical fashion for sustainability. The market is expected to grow from $ 10,109.9 million in 2025 to $ 15,584.2 million in 2030 with a CAGR of 9.0%.
The ethical fashion market consists of the sale of clothing by entities (organizations, sole proprietors or partnerships) that are primarily engaged in the design, manufacture, retail and purchase of ethical fashion clothing. Ethical fashion is the design and manufacture of clothes, taking care of the people and communities involved in the process and minimizing the impact on the environment. It focuses on the social and environmental impact of fashion, seeking to improve workers’ working conditions and the environment.
The growth in the historical period is the result of the growth of emerging markets, the increase in foreign direct investments and the growing attention of customers towards sustainable fashion. This growth has been limited by the high costs of ethical fashion and the reduction of free trade.
Moving forward, growing awareness, social media, government initiatives, the environmental impact of fast fashion, and the growth of e-commerce should lead the market. The lack of standardization and the impact of COVID-19 are important factors that could hinder the growth of the ethical fashion market in the future.
The ethical fashion market is segmented by product into organic, artificial / regenerated, recycled and natural. Man-made / regenerated was the largest segment of the ethical fashion market by product type, accounting for 53.6% of the total market in 2020. In the future, the organic segment is expected to be the fastest growing segment in the ethical fashion market, at a CAGR of 18.4% in the period 2020-2025.
The ethical fashion market is also segmented by type into fair trade, cruelty free, eco-friendly and charity brands. Animal cruelty free was the largest segment of the ethical fashion market by type, accounting for 44.4% of the total market in 2020. In the future, the eco-friendly segment should be the fastest growing segment in the fashion market. ethical fashion, at a CAGR of 12.2% in the period 2020-2025.
The ethical fashion market is also segmented by end user into men, women and children. The men’s segment was the largest segment of the ethical end-user fashion market, accounting for 51.9% of the total market in 2020. In the future, the women’s segment is expected to be the fastest growing segment in the ethical fashion market, at a CAGR of 10.9% over the 2020-2025 period.
Asia Pacific was the largest region in the global ethical fashion market, accounting for 31.6% of the total in 2020. It was followed by Western Europe, North America and then other regions. Going forward, the fastest growing regions in the ethical fashion market will be Eastern Europe and South America, where growth will be at CAGR of 13.6% and 12.1% respectively over the 2020-2025 period. These will be followed by Asia Pacific and Africa, where markets are expected to record CAGRs of 11.9% and 11.9% respectively over the 2020-2025 period.
The ethical fashion market is highly fragmented and competitive. The top ten competitors on the market in 2020 represented 13.49% of the total market. Major market players include Eileen Fisher, Reformation, H&M Conscious (H&M Group), Levi Strauss & Co, Everlane, Alternative Apparel, Inc., Tentree, United By Blue, Wear Pact LLC, Amour Vert.
The best opportunities in the ethical fashion market segmented by product will arise in the artificial / remanufactured segment, which will earn $ 1,233.5 million in global annual sales by 2025. The best opportunities in the ethical fashion market segmented by type will arise in the eco – friendly, which will earn $ 1,574.2 million in global annual sales by 2025. The best opportunities in the ethical end-user segmented fashion market will arise in the women’s segment, which will earn $ 1,913.4 million in global annual sales by 2025 the size of the fashion market will earn the most in China with $ 806.5 million.
Market trend-based strategies for the ethical fashion market include a focus on providing customers with compelling and tangible stories, recycling and upcycling in order to reduce waste and minimize the environmental impact in the process production, focus celebrities on ethical fashion and connect with them in order to increase the reach of their brands, include the use of animal-free leather to curb animal cruelty and consider using natural materials .
Key topics covered:
1. Executive summary of the ethical fashion market
3. List of figures
4. List of tables
5. Structure of the report
6.1. Segmentation by geography
6.2. Segmentation by product
6.3. Segmentation by type
6.4. End-user segmentation
7. Ethical characteristics of the fashion market
7.1. Market definition
7.2. Segmentation by product
7.2.2. Artificial / regenerated
7.3. Segmentation by type
7.3.1. Fair Trade
7.3.2. Without animal cruelty
7.3.4. Charitable brands
7.4. End-user segmentation
8. Trends and strategies of the ethical fashion market
8.1. Recycling and recycling
8.2. Greater transparency through storytelling
8.3. Skin without animals
8.4. Vegan fashion
8.5. Advanced technologies
9. Impact of COVID-19 on the ethical fashion market
9.2. Impact on the supply chain and on workers
9.3. Impact on companies
9.4. Increased demand
9.5. The point of view of consumers
9.6. Future perspectives
10. Size and growth of the global ethical fashion market
10.1. Market size
10.2. Historic Market Growth, 2015 – 2020, Value (USD Million)
10.2.1. Market driver 2015 – 2020
10.2.2. Restrictions on the market 2015 – 2020
10.3. Market Growth Forecast, 2020-2025, 2030F, Value (USD Million)
10.3.1. Market driver 2020 – 2025
10.3.2. Market restrictions 2020 – 2025
11. Segmentation of the global ethical fashion market
11.1. Ethical global fashion market, segmentation by product, history and forecast, 2015-2020, 2025F, 2030F, value (millions of dollars)
11.2. Ethical global fashion market, segmentation by type, history and forecast, 2015-2020, 2025F, 2030F, value (millions of dollars)
11.3. Ethical Global Fashion Market, End User Segmentation, Historical and Forecast, 2015-2020, 2025F, 2030F, Value (Millions of Dollars)
12. Analysis of the ethical, regional and national fashion market
12.1. Global Ethical Fashion Market, By Region, History And Forecasts, 2015-2020, 2025F, 2030F, Value (USD Million)
12.2. Ethical global fashion market, by country, history and forecasts, 2015-2020, 2025F, 2030F, Value (millions of dollars)
For more information on this report, please visit https://www.researchandmarkets.com/r/4u9kua
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