Islamic Clothing Market Competition & Maintaining The Foremost Spot By Forecast 2022-2030 in Market Research Community
- June 5, 2023, 2:06 a.m.
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Islamic Clothing Market Insights
In 2021, the Islamic clothing market was valued at USD 72.84 billion, and it is predicted to experience a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period of 2022-2030. By 2030, the market is projected to be worth USD 113.91 billion.
The market is experiencing growth due to several factors, including the rising global Muslim population, the increasing popularity of modest fashion, and the growing demand for ethically-produced clothing.
Application
Islamic clothing, also referred to as modest clothing, encompasses a variety of garments designed in accordance with the principles of Islamic dress. These garments are intended to promote modesty and provide coverage for the entire body. Popular examples of Islamic clothing include hijabs, abayas, thobes, and other traditional attire. Islamic clothing is worn by Muslims globally, and it has also gained popularity among non-Muslim individuals interested in modest fashion.
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Region
The market for Islamic clothing is categorized by region, with significant regions including North America, Europe, Asia-Pacific, and the Middle East and Africa. Currently, the Middle East and Africa dominate the market, primarily due to the large Muslim population in the region and the substantial demand for Islamic clothing. However, the Asia-Pacific region is projected to experience the highest growth rate in the market, driven by the increasing acceptance of Islamic clothing among the younger generation of Muslims.
Segment
The market for Islamic clothing is categorized based on product type, gender, and distribution channels. The product type segment includes various items such as hijabs, abayas, thobes, and other traditional Islamic clothing. The gender segment is divided into clothing for males and females. The distribution channel segment encompasses online, offline, and other channels of distribution.
Market Segmentation
By Type:
Abayas and Hijabs, Prayer Outfits, Burkha and Naqaab, Thobes and Jubbas, Sportswear, other
By Application:
Islamic Men, Islamic Women
By Geography:
North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa
Market value
The growth of the market is driven by the increasing Muslim population worldwide, the growing popularity of modest fashion, and the rising demand for ethically-produced clothing.
In conclusion, the Islamic clothing market Size is a rapidly growing sector of the fashion industry, with a projected value of $361 billion by 2027. The market is being driven by the increasing Muslim population worldwide, the growing popularity of modest fashion, and the rising demand for ethically-produced clothing. The market is segmented by application, region, segment, and market value, and is expected to continue its growth trajectory in the coming years.
The study provides answers to the following key questions:
- What type of customers buying the products and services from companies operating in the Islamic Clothing Market?
- What will be the roadmap for the product manufacturers operating in the Islamic Clothing Market for the forecast period, 2022-2030?
- What are the recent developments in the competitive landscape to look out for during the estimated period?
- What are the major trends influencing customers’ lives and their buying behaviour?
- How can brands best communicate with the customers they intend to target?
- When, where and how the customers want to use or consume the products or services?
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