Clothing and Apparel Market Report 2024 (Global Edition)

Global Clothing and Apparel Market Report 2024 Market Size Split by Product Type Outlook: (Formal Wear, Casual Wear, Sportswear, Nightwear, Others), by Fiber Type Outlook: (Man-made Fibers, Cotton Fib...

Clothing and Apparel Market Report Description

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Clothing and Apparel Market Insights Video

Competitive Landscape of the Clothing and Apparel Market

The competitive landscape of the clothing and apparel market is characterized by a mix of established global brands and emerging players. Key competition factors include product innovation, pricing strategies, supply chain efficiency, and brand differentiation. The rise of e-commerce platforms has intensified competition, enabling direct-to-consumer sales. Additionally, brands increasingly focus on sustainability, customization, and ethical practices to meet evolving consumer demands and gain a competitive edge.

In September 2024, UKFT launched the "Innovations in Textile and Apparel Dyeing" report, showcasing the latest global advancements in dyeing within the textile and apparel supply chain. The report aimed to encourage collaboration among innovators, brands, retailers, and manufacturers to reduce environmental impact collectively. With its significant social, economic, and environmental influence, the UK was well-positioned to lead this sustainability transformation. (Source: https://ukft.org/textile-apparel-dyeing-report/) In October 2024, Zara owner Inditex launched a fund worth around US $54.63 million to invest in textile innovation, as reported by the Spanish website El Confidencial and later confirmed by the company to Reuters. The fund aimed to support start-ups focused on sustainable materials and technologies, with previous investments in firms like Circ, which specializes in textile recycling, and Galy, which works on lab-grown cotton. (Source: https://in.apparelresources.com/business-news/sustainability/inditex-launches-fund-us-54-63-million-textile-innovation/)

Top Companies Market Share in Clothing and Apparel Industry: (In no particular order of Rank)

• VF Corporation
• Burberry Group plc
• Puma SE
• Adidas AG
• Nike Inc.
• H&M Hennes & Mauritz AB
• LVMH
• KERING
• PVH Corp.
• Inditex
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Clothing and Apparel Market

Which Region Dominates the Clothing and Apparel Market in 2024?

According to Cognitive Market Research, North America currently dominates the Clothing and Apparel market, and the region is expected to have significant growth during the projected period. The region's focus on fashion innovation, e-commerce growth, and a rising demand for sustainable products solidifies its leading position in the global apparel industry.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The region’s expanding middle class, rapid urbanization, and growing demand for both luxury and affordable fashion contribute to its strong market growth, making it a key area of opportunity for brands worldwide.

The current report Scope analyzes Clothing and Apparel Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Clothing and Apparel

According to Cognitive Market Research, the global Clothing and Apparel market size was estimated at USD 1851425.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 740570.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Clothing and Apparel market with a market size of USD 584309.89 million in 2024 and is projected to grow at a CAGR of 2.5% during the forecast period. The US holds a major share in the clothing and apparel market, driven by strong consumer demand.
• The Canadian clothing and Apparel market had a market share of USD 88868.42 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. The growing clothing and apparel market in Canada benefits from increasing demand for sustainable and stylish products.
• The Mexico Clothing and Apparel market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 67391.89 million in 2024.

Europe Clothing and Apparel

According to Cognitive Market Research, the global Clothing and Apparel market size was estimated at USD 1851425.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 555427.65 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.

• The United Kingdom Clothing and Apparel market had a market share of USD 93311.85 million in 2024 and is projected to grow at a CAGR of 3.8% during the forecast period. The UK maintains a leading position in the clothing and apparel market with strong innovation and demand.
• The French clothing and Apparel market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 51099.34 million in 2024.
• According to Cognitive Market Research, the German Clothing and Apparel market size was valued at USD 109974.67 million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period. Germany's clothing and apparel market experiences growth through rising consumer demand for sustainable and innovative fashion products.
• The Italy Clothing and Apparel market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 47766.78 million in 2024.
• The Russian clothing and Apparel market is projected to witness growth at a CAGR of 2.0% during the forecast period, with a market size of USD 86091.29 million in 2024.
• The Spain Clothing and Apparel market is projected to witness growth at a CAGR of 2.1% during the forecast period with a market size of USD 45545.07 million in 2024
• The Luxembourg Clothing and Apparel market is projected to witness growth at a CAGR of 3.1% during the forecast period, with a market size of USD 17218.26 million in 2024.
• The Portugal Clothing and Apparel market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 11663.98 million in 2024.
• The Greece Clothing and Apparel market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 6665.13 million in 2024.
• The Rest of Europe's Clothing and Apparel market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 86091.29 million in 2024.

Asia Pacific Clothing and Apparel

According to Cognitive Market Research, the global Clothing and Apparel market size was estimated at USD 1851425.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 425827.87 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Clothing and Apparel market size was valued at USD 191622.54 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. China holds the largest share in the clothing and apparel market due to increasing consumer demand and production capacity.
• The Japan Clothing and Apparel market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 58764.25 million in 2024.
• The India Clothing and Apparel market had a market share of USD 51099.34 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. India's clothing and apparel market is growing rapidly due to increased urbanization and rising disposable income among consumers.
• The South Korean Clothing and Apparel market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 42582.79 million in 2024.
• The Australian Clothing and Apparel market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 22143.05 million in 2024.
• The South East Asia Clothing and Apparel market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 29382.12 million in 2024.
• The Rest of Asia Pacific Clothing and Apparel market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 30233.78 million in 2024.

South America Clothing and Apparel

According to Cognitive Market Research, the global Clothing and Apparel market size was estimated at USD 1851425.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 92571.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Clothing and Apparel market size was valued at USD 39620.51 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Brazil dominates the clothing and apparel market due to its large consumer base and growing fashion-conscious population.
• Argentina's Clothing and Apparel market had a market share of USD 15551.97 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. Argentina is experiencing growing demand in the clothing and apparel market due to changing consumer preferences and increased fashion awareness.
• Colombia's Clothing and Apparel market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 8238.84 million in 2024.
• Peru's Clothing and Apparel market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 7590.84 million in 2024.
• Chile's Clothing and Apparel market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 6665.13 million in 2024.
• The Rest of Latin America's Clothing and Apparel market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 14903.98 million in 2024.

Middle East and Africa Clothing and Apparel

According to Cognitive Market Research, the global Clothing and Apparel market size was estimated at USD 1851425.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 37028.51 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031..

• The GCC Countries Clothing and Apparel market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 15848.20 million in 2024. GCC countries control the clothing and apparel market with strong retail infrastructure and increasing consumer demand for luxury fashion.
• The Egypt Clothing and Apparel market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 3887.99 million in 2024.
• The South African Clothing and Apparel market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 5850.50 million in 2024. South Africa has a flourishing clothing and apparel market driven by urbanization and increasing consumer spending on fashion.
• The Turkey Clothing and Apparel market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 3184.45 million in 2024.
• The Nigeria Clothing and Apparel market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 3887.99 million in 2024.
• The Rest of the MEA Clothing and Apparel market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 4369.36 million in 2024.

Clothing and Apparel Market Analysis

How are Segments Performing in the Global Clothing and Apparel Market?

Clothing and Apparel Market Product Type Segment Analysis

According to Cognitive Market Research, casual wear holds a major share of the clothing and apparel market due to its widespread demand for comfort and versatility. The increasing preference for relaxed yet stylish clothing, especially post-pandemic, has contributed to its growth. Casual wear appeals to a broad consumer base, spanning various age groups and demographics, making it a dominant segment in the apparel industry.

The sportswear segment is the fastest growing in the clothing and apparel market, driven by increasing participation in fitness activities and growing health consciousness. Consumers are seeking stylish, comfortable, and performance-oriented activewear for both sports and casual wear. The rise of athleisure trends, innovations in fabric technology, and the popularity of influencer-driven fashion contribute to its rapid expansion.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Clothing and Apparel Industry. Request a Free Sample PDF!

Clothing and Apparel Market Fiber Type Segment Analysis

According to Cognitive Market Research, man-made fibers hold a dominant share in the clothing and apparel market due to their versatility, affordability, and ability to mimic natural fibers. Synthetic fibers such as polyester, nylon, and acrylic are widely used in the production of garments because of their durability, ease of maintenance, and ability to offer a wide range of textures and colors.

Vegetable-based fibers such as cotton, hemp, and flax are among the fastest-growing segments in the clothing and apparel market. These fibers are gaining popularity due to their sustainable and eco-friendly properties, offering an alternative to synthetic fibers. With increasing consumer demand for environmentally conscious fashion, the use of vegetable-based fibers in clothing production continues to expand rapidly.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Clothing and Apparel Gender Outlook: Segment Analysis

Clothing and Apparel Market Gender Segment Analysis

According to Cognitive Market Research, women's wear holds a prominent share in the clothing and apparel market, driven by a wide range of fashion preferences and an increasing focus on stylish, functional, and diverse designs. Factors such as rising disposable incomes, evolving fashion trends, and greater access to online retail platforms contribute significantly to the growing demand and market expansion for women's apparel worldwide.

The kids' wear segment is one of the fastest-growing categories within the clothing and apparel market. Rising disposable incomes, a growing focus on children's fashion, and increased awareness about quality and comfort are contributing factors. Parents are increasingly seeking trendy, functional, and sustainable clothing for their children. Online shopping platforms also make it easier to access a wide variety of kids' apparel.

• Women
• Men
• Kids

Clothing and Apparel Distribution Channel Outlook: Segment Analysis

Clothing and Apparel Market Distribution Channel Segment Analysis

According to Cognitive Market Research, offline channels capture a major share of the clothing and apparel market due to the strong presence of physical retail stores. Consumers often prefer in-store shopping for immediate product availability and the tactile experience of trying on clothes. Traditional retailers leverage established brand recognition and customer trust, contributing significantly to their market presence. These channels remain essential for a diverse shopping experience.

Online channels are the fastest growing segment in the clothing and apparel market, fueled by increasing internet penetration and shifting consumer preferences toward convenience. E-commerce platforms offer a wide range of products, enabling global reach and personalized shopping experiences. The growing use of social media for marketing and influencer collaborations further boosts online sales in the fashion industry.

• Online
• Offline

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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