Hats Caps and Millinery Market Report 2024 (Global Edition)

Global Hats Caps and Millinery Market Report 2024 Market Size Split by Type (Hats, Caps, Millinery), by Material (Wool, Cotton, others), by Distribution Channel (Online, Offline), by Application (Man,...

Hats Caps and Millinery Market Report Description

We have various report editions of Hats Caps and Millinery Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Competitive Landscape of the Hats Caps and Millinery Market

Companies focus on innovation, brand loyalty, and celebrity endorsements to maintain their market share. Additionally, emerging players like Brixton and Stetson are gaining traction with unique designs and niche markets. Online platforms like Amazon and Etsy also contribute to the competitive landscape.

Hats Caps and Millinery Industry News

In June 2019, Meek Mill propounded its partnership with Lids Ownership Group for the exclusive release of the new hat line.

(Source:https://www.prnewswire.com/news-releases/meek-mill-partners-with-lids-ownership-group-plans-to-unveil-exclusive-release-of-new-hat-line-300874705.html)

Top Companies Market Share in Hats Caps and Millinery Industry: (In no particular order of Rank)

• Braca Sport
• Adidas
• Volkl
• Charles Owen and Co (Bow) Ltd
• SSP Hats Ltd.
• Gucci
• Mainland headwear holdings
• Global headwear Limited
• Bollman Hat Company
• Nike
• Totes isotoner
• Dada
• Audi
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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 Hats Caps and Millinery Market

Which Region will dominate the Hats Caps and Millinery market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the range of consumer preferences and fashion trends across different regions. The market in North America is characterized by a mix of traditional and contemporary styles, catering to various demographics and occasions. Additionally, the region has a strong presence of established brands alongside emerging designers, contributing to a competitive market environment. Factors such as changing consumer lifestyles, social media influence, and seasonal variations also impact the market dynamics in North America.

Which Region Expanding at the Fastest CAGR?

Europe is the fastest-growing market due to a range of designs catering to various consumer preferences across the region. Additionally, countries in Eastern Europe, such as Poland and the Czech Republic, have emerging markets with a growing demand for hats and caps. The market is influenced by factors such as fashion trends, cultural traditions, and seasonal variations. With the rise in consumer awareness about sustainability and ethical production, there is a growing trend towards eco-friendly and ethically sourced materials in the European market.

The current report Scope analyzes Hats Caps and Millinery 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 Hats Caps and Millinery Market

According to Cognitive Market Research, the global Hats Caps and Millinery market size was estimated at USD XX Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031 due to the fashion trends, changing consumer preferences, and the growing popularity of online retail channels. Additionally, factors such as increasing disposable income, urbanization, and social media influence play significant roles in driving demand for headwear products. Furthermore, the market benefits from the rising awareness of sun protection and the growing popularity of outdoor activities, leading to an increased demand for hats and caps as functional accessories.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Hats Caps and Millinery market, with a market size of USD XX million in 2024, projected to grow at a CAGR of 3.3% during the forecast period. The demand is amplified by the increasing awareness of sun protection and events such as weddings, horse racing, and other social gatherings. 
• The Canada Hats Caps and Millinery market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. Canada's growing awareness of sun protection and the desire for personalized accessories fuels growth.
• The Mexico Hats Caps and Millinery market is projected to grow at a CAGR of 4.0% during the forecast period, with a market size of USD XX million in 2024.

Europe Hats Caps and Millinery Market

According to Cognitive Market Research, the global Hats Caps and Millinery market size was estimated at USD XX Million, out of which Europe held the major market of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031. Fashion trends play a significant role as consumers seek stylish and trendy headwear to complement their outfits. Additionally, cultural events and traditions often influence demand, such as the popularity of traditional headwear for festivals and ceremonies. Furthermore, the growing awareness of sustainability and ethical manufacturing practices has led to an increasing demand for eco-friendly and ethically sourced headwear options in the European market.

• The United Kingdom Hats Caps and Millinery market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.6% during the forecast period. It is due to consumer preferences for sustainable and ethically sourced materials, as well as innovations in design and manufacturing techniques.
• The French Hats Caps and Millinery market is projected to grow at a CAGR of 3.0% during the forecast period, with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the German Hats Caps and Millinery market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. In Germany, Hats, Caps, and Millinery sales surged due to the popularity of outdoor activities, cultural events, and special occasions where hats and headwear are worn as fashion accessories or traditional attire. 
• The Italy Hats Caps and Millinery market is projected to grow at a CAGR of 3.2% during the forecast period, with a market size of USD XX million in 2024.
• The Russian Hats Caps and Millinery market is projected to grow at a CAGR of 2.8% during the forecast period, with a market size of USD XX million in 2024.
• The Spanish Hats Caps and Millinery market is projected to grow at a CAGR of 2.9% during the forecast period, with a market size of USD XX million in 2024.
• The Luxembourg Hats Caps and Millinery market is projected to grow at a CAGR of 3.9% during the forecast period, with a market size of USD XX million in 2024.
• The Portugal Hats Caps and Millinery market is projected to grow at a CAGR of 3.6% during the forecast period, with a market size of USD XX million in 2024.
• The Greece Hats Caps and Millinery market is projected to grow at a CAGR of 4.1% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Europe's Hats Caps and Millinery market is projected to grow at a CAGR of 2.5% during the forecast period, with a market size of USD XX million in 2024.

Asia Pacific Hats Caps and Millinery Market

According to Cognitive Market Research, the global Hats Caps and Millinery market size was estimated at USD XX Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031 due to growing fashion consciousness and rising disposable income in the region is boosting demand for trendy headwear. Additionally, the rise of online retail platforms is making it better for consumers to access a wide variety of hats and caps. Furthermore, the growing tourism industry in many Asian countries is driving demand for stylish headgear among tourists. Lastly, the popularity of outdoor activities and sports is also contributing to market growth.

• According to Cognitive Market Research, the Chinese Hats Caps and Millinery market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. It is due to growing fashion consciousness, increasing disposable income, a rise in online shopping, and demand from tourists.
• The Japan Hats Caps and Millinery market is projected to grow at a CAGR of 5.8% during the forecast period, with a market size of USD XX million in 2024. It is due to the increasing awareness of sun protection and the influence of celebrities and social media.
• The India Hats Caps and Millinery market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 9.1% during the forecast period. 
• The South Korean Hats Caps and Millinery market is projected to grow at a CAGR of 6.4% during the forecast period, with a market size of USD XX million in 2024.
• The Australian Hats Caps and Millinery market is projected to grow at a CAGR of 7.0% during the forecast period, with a market size of USD XX million in 2024.
• The Southeast Asia Hats Caps and Millinery market is projected to grow at a CAGR of 8.3% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of the Asia Pacific Hats Caps and Millinery market is projected to grow at a CAGR of 7.1% during the forecast period, with a market size of USD XX million in 2024.

South America Hats Caps and Millinery Market

According to Cognitive Market Research, the global Hats Caps and Millinery market size was estimated at USD XX Million, out of which Latin America market has more than 5% of the global revenue with market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031 due to increasing disposable income, changing fashion trends, growing awareness of sun protection, and a rising preference for accessorizing outfits. Additionally, cultural events and festivals also contribute to the demand for hats and other headwear items. Moreover, the expansion of e-commerce platforms has made it better for consumers to access a range of products, further boosting market growth in the region.

• According to Cognitive Market Research, the Brazil Hats Caps and Millinery market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. Hats Caps and Millinery sales flourish in Brazil due to the rising disposable income and middle-class population contributing to the demand for stylish headwear.
• The Argentina Hats Caps and Millinery market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 5.6% during the forecast period. The demand is augmented by the growing demand for customizable and sustainable headwear, as well as increasing disposable income levels.
• The Colombia Hats Caps and Millinery market is projected to grow at a CAGR of 4.5% during the forecast period, with a market size of USD XX million in 2024.
• The Peru Hats Caps and Millinery market is projected to grow at a CAGR of 4.9% during the forecast period, with a market size of USD XX million in 2024.
• The Chile Hats Caps and Millinery market is projected to grow at a CAGR of 5.0% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of the Latin America Hats Caps and Millinery market is projected to grow at a CAGR of 3.8% during the forecast period, with a market size of USD XX million in 2024.

Middle East and Africa Hats Caps and Millinery Market

According to Cognitive Market Research, the global Hats Caps and Millinery market size was estimated at USD XX Million, out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031 due to growing fashion-conscious population, increasing disposable income, and rising demand for high-quality headwear products. Additionally, the region's cultural diversity and traditional attire play a major role in driving the market. Furthermore, the emergence of online retail platforms and the adoption of Western fashion trends are also leading to the growth of the market in this region.

• According to Cognitive Market Research, the GCC Countries' Hats Caps and Millinery market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Hats Caps and Millinery sales flourish in the GCC Countries due to increasing disposable income, growing fashion consciousness, and a rise in tourism and hospitality sectors.
• The Egypt Hats Caps and Millinery market is projected to grow at a CAGR of 5.3% during the forecast period, with a market size of USD XX million in 2024.
• The South African Hats Caps and Millinery market is projected to grow at a CAGR of 6.0% during the forecast period, reaching USD XX million in 2024. Hats Caps and Millinery sales flourish in South Africa due to influences from global fashion, outdoor activities, and ceremonial occasions.
• The Turkish Hats Caps and Millinery market is projected to grow at a CAGR of 4.5% during the forecast period, with a market size of USD XX million in 2024.
• The Nigeria Hats Caps and Millinery market is projected to grow at a CAGR of 4.1% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of the MEA Hats Caps and Millinery market is projected to grow at a CAGR of 4.0% during the forecast period, reaching a market size of USD XX million in 2024.

Hats Caps and Millinery Market Analysis

Hats Caps and Millinery Market Type Segment Analysis

According to Cognitive Market Research, hats held the major market share over the forecast period. They typically refer to headgear with a shaped crown and brim, such as fedoras, sun hats, and cowboy hats. They are often made from materials like felt, straw, or fabric and come in various styles and sizes to suit the preferences and occasions.

Caps are the fastest-growing category over the forecast period. These are usually soft, with a rounded crown and a visor, including styles like baseball caps, snapbacks, and beanies. Caps are commonly made from materials like cotton, polyester, or wool and are popular casual headwear options for both men and women.

• Hats
• Caps
• Millinery

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 Hats Caps and Millinery Industry. Request a Free Sample PDF!

Hats Caps and Millinery Market Material Segment Analysis

According to Cognitive Market Research, wool held the major market share over the forecast period. Wool hats and millinery items are valued for their warmth, durability, and insulating properties, making them popular choices for colder climates or winter wear. Wool also has moisture-wicking properties, making it suitable for outdoor activities.

Cotton is the fastest-growing category over the forecast period. Cotton hats and millinery items are lightweight and comfortable, making them ideal for warmer weather or indoor wear. It is also easy to care for and can be machine-washed, adding to its convenience.

• Wool
• Cotton
• others

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

Hats Caps and Millinery Distribution Channel Segment Analysis

According to Cognitive Market Research, online stores hold a prominent market share. This includes sales through e-commerce platforms, brand websites, and online marketplaces. Online channels offer convenience, a wide range of choices, and the ability to reach an audience.

Offline is the fastest-growing category over the forecast period. This includes sales through physical retail stores, department stores, boutiques, and specialty stores. Offline channels provide customers with the opportunity to try on products before purchasing, personalized assistance from sales staff, and a tactile shopping experience.

• Online
• Offline

Hats Caps and Millinery Application Segment Analysis

According to Cognitive Market Research, the male segment holds a prominent market share. The market encompasses various styles, such as baseball caps, fedoras, beanies, and flat caps, catering to casual, sporty, and formal occasions.

Women are the fastest-growing category over the forecast period. The market offers a range of options, which include sun hats, berets, fascinators, wide-brimmed hats suited for fashion, protection from the sun, and special events like weddings and horse races.

• Man
• Woman
• Kids

Hats Caps and Millinery End-Use Segment Analysis

According to Cognitive Market Research, sports hold a prominent market share. In the sports segment, products cater to athletes, sports enthusiasts, and teams, offering functional headwear designed for performance, protection, and branding. This includes items like baseball caps, visors, and moisture-wicking hats for outdoor activities.

Fashion holds the fastest-growing category over the forecast period. The fashion segment targets consumers seeking stylish headwear for everyday wear, special occasions, or statement accessories. Fashion-focused products may include designer hats, trendy caps, and elaborate millinery creations for events like weddings or fashion shows.

• Sports
• Fashion
• Professional

Author's Detail

David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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