USD 76.19 billion
Report ID:
SQMIG25K2060 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
91
|Figures:
76
Global Islamic Clothing Market size was valued at USD 76.19 billion in 2022 and is poised to grow from USD 80 billion in 2023 to USD 118.20 billion by 2031, growing at a CAGR of 5% during the forecast period (2024-2031).
Islamic clothing is available in different types such as abayas and hijabs, prayer outfits, burqa and niqab, thobes and jubbas, sportswear and other, and these clothes are worn by Islamic men and women.
Islamic population is spending money on lifestyle and apparels are the major factors for the growth of the islamic clothing market in the forecast period. Rising consumer investments in online retail distribution are also expected to bolster the growth of islamic cloth market within the forecasted period.
Rising popularity of Islamic clothing in the sports industry and used international games is projected to boost product consumption and increasing demand for islamic clothing. Top players are investing geographically in various regions which will increase the growth of the market. Involvement of multinational fashion brands is projected to grow the market in the forecast period.
Islamic Clothing Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 76.19 billion
Largest Segment
Ethnic Wear
Fastest Growth
Ethnic Wear
Growth Rate
5% CAGR
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Islamic Clothing Market is segmented based on the product, type, end users and regions. Based on the product, the Islamic Clothing Market is segmented into Ethnic Wear, Sustainable Fashion, Sportswear. Based on the type, the Islamic Clothing Market has been segmented and Hijabs, Prayer Outfits, Burqa and Niqab, Thobes and Jubbas, Sportswear, Other. Based on the end users, the Islamic Clothing Market has been segmented into Islamic Man, Islamic Women. Based on Region Islamic Clothing Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Islamic Clothing Market Analysis by Product
Ethnic wear is the dominant segment in islamic clothing with around 70.8% market share in terms of revenue, in 2021. Demand for burqa and hijab are increasing in the group of ethics wear market. Burqa and hijab dominated the ethics wear market in terms of revenue. Significant growth in the market is due to the increasing availability of products through various brands.
Sustainable fashion is the second-largest product segment in terms of revenue. Islamic sustainable fashion segment is increased by the modest dressing habits of Muslim women and men which is a highly untapped market.
Islamic Clothing Market Analysis by End User
The major demand for islamic clothing is dominated by Islamic Women due to modest dressing habits, such as dressing such as covered hair, flowing lines, and a riot of color. The major companies are focusing on innovative clothing designs by blending modern fashion trends with maintaining ethnicity. There is increased demand for islamic clothing by women. Also mens are wear islamic clothing at every special event.
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Middle East and Africa dominated the market of islamic clothing with 41.2% of market share in terms of revenue, in 2021. High Islamic population with rising adoption of innovative modest clothing in islamic countries, such as UAE and Egypt is a key driving factor for dominating the regional demand for islamic clothing. Rising population and consumer disposable income in various regions.
North America is the fastest growing region during forecast period for islamic clothing due to the adoption of modern islamic clothes with ethics. Rapid growth of the young Muslim population in the region with rising ethnic fashion trends is projected to increase market growth.
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Islamic Clothing Market Drivers
Modest Fashion to Bolster Islamic Clothing Demand
Islamic Clothing Market Restraints
Consumer Shift Towards Modern Fashion Industry to Hinder Market Growth
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Islamic Clothing Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Islamic Clothing Market Top Player's Company Profiles
Islamic Clothing Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Islamic Clothing Market analysis, the market growth is increased during the forecast period with increasing adoption of modest ways of wearing islamic people. Young generations have accepted the ethics of wearing which will increase demand for islamic clothing in various regions. The islamic clothing market is dominated by ethical wear in terms of product. The major player headquarters are present in the Europe region. Middle East Africa is dominated by the market share regionally. The maintaining a balance between changing fashion trends and upholding core Islamic principles pose a key challenge for the market.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 76.19 billion |
Market size value in 2031 | USD 118.20 billion |
Growth Rate | 5% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Islamic Clothing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Islamic Clothing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Islamic Clothing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Islamic Clothing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG25K2060
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