USD 93.66 billion
Global Fast Fashion Market Size, Share, Growth Analysis, By Product type,(fruit strips, fruit gummies), By Flavor Variation(Strawberry, apple), By Distribution channel(Hypermarkets/Supermarkets, Specialty Stores) - Industry Forecast 2024-2031
Report ID:
SQMIG25K2096 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|
Tables:
98 |
Figures:
76
Global Fast Fashion Market Insights
Global Fast Fashion Market size was valued at USD 93.66 billion in 2022 and is poised to grow from USD 100.87 billion in 2023 to USD 182.60 billion by 2031, growing at a CAGR of 7.70% during the forecast period (2024-2031).
The Global Fast Fashion market is marked by using rapid cycles of layout, production, and distribution, responding unexpectedly to evolving purchaser tendencies. Key drivers consist of the call for for low priced, cutting-edge clothing, and the improved style turnover fueled by social media and e-trade. However, environmental concerns and moral concerns gift great restraints as the industry grapples with sustainability demanding situations. Product kind evaluation famous a huge range of clothing classes with quick manufacturing timelines. Asia-Pacific dominates, pushed by way of manufacturing hubs like China and India. Noteworthy developments consist of digitalization, sustainable practices, and an growing emphasis on transparency within the supply chain.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Apparel
Fastest Growth
Footwear
Growth Rate
7.70% CAGR
Global Fast Fashion Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Fast Fashion Market By Type ($ Bn)
Global Fast Fashion Market By Type (%)
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Global Fast Fashion Market Segmental Analysis
The global Fast Fashion market is segmented into four major segments i.e. by Product Type Segmentation, Gender Segmentation, Distribution Channel Segmentation, and region. Based on Type, it is divided into Apparel, Footwear, Accessories. Based on Flavor variation, it is bifurcated as Men's, Women's, Children's. Based on the Distribution channel it is segregated into Online Retail, Brick-and-Mortar Stores, Fast Fashion Retail Chains. Based on region, the market is segmented into United States, Canada, and Mexico.
Analysis by Type
Apparel, together with garb items, has a tendency to have the very best patron call for within the speedy style marketplace as it includes an extensive range of styles and classes. The speedy-paced nature of favor developments frequently includes common updates in garb styles, making garb a dominant product class due to its adaptability to converting possibilities.
The growing focus on fitness and fitness has caused a surge in call for activewear, making it one of the quickest-growing segments inside rapid style. Activewear isn't always most effective worn during exercise but has grown to be a popular desire for casual and athleisure wear, contributing to its vast adoption and boom.
Analysis by Distribution Channel
The global upward thrust in online shopping and the benefit it offers have propelled on-line retail to dominance, presenting purchasers with an easy right of entry to a significant array of fast fashion products. The growing reliance on digital platforms for buying, in particular among more youthful demographics, contributes to the dominance of online retail in the rapid style marketplace.
Despite the increase of on-line retail, fast fashion retail chains retain to adapt, supplying an in-shop shopping experience that appeals to consumers looking for immediate entry to the cutting-edge tendencies. Many fast style manufacturers are adopting omnichannel techniques, integrating their physical and online presence to offer a seamless buying revel in, driving the growth of retail chains.
Global Fast Fashion Market By Type, 2022 (%)
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Global Fast Fashion Market Regional Insights
Asia-Pacific, specifically China and India, serves as an extensive production hub for the short style industry, contributing to its dominance in production and distribution. The place's growing center magnificence with increasing disposable income fuels calls for affordable and trendy fashion, making it a dominant client base for the fast fashion marketplace.
Latin America presents emerging markets in which the short style industry can faucet into a growing purchaser base with rising shopping strength. Increasing fashion cognizance amongst purchasers in nations like Brazil and Mexico drives the call for brand new, affordable clothing, fostering the short fashion marketplace's rapid boom.
Global Fast Fashion Market By Region, 2024-2031
- Largest
- Fastest
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Global Fast Fashion Market Dynamics
Drivers
Increasing Demand for Affordable and Trendy Clothing
- The call for less expensive and latest garb, coupled with shortened style cycles inspired by the way of social media, drives the enterprise's dynamism. The pervasive effect of e-trade helps briefly get right of entry to the present day styles, fostering the market's growth. Additionally, rapid style's capacity to rapidly translate runway trends into available garments resonates with consumers looking for up-to-the-minute fashion.
Restraints
High Ethical and Environmental Concerns Surrounding Industry's Rapid Production Cycles
- One of the primary marketplace restraints is the moral and environmental concerns surrounding the enterprise's fast manufacturing cycles and disposable fashion subculture have led to heightened scrutiny. Issues together with bad operating situations and environmental degradation pose reputational dangers for immediate fashion brands. Additionally, the enterprise's heavy reliance on low-price labor in sure regions increases moral worries.
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Global Fast Fashion Market Competitive Landscape
The competitive environment of the Fast Fashion marketplace is dynamic and is characterized by way of excessive contention amongst severa gamers, both mounted brands and emerging entrants. Key gamers within the rapid style enterprise usually attempt to gain an aggressive side through factors like pricing strategies, design innovation, and responsiveness to evolving consumer choices. Established manufacturers often leverage their global presence and robust supply chain networks to keep marketplace dominance.
Top Player’s Company Profiles
- Shein.
- Zara.
- H&M.
- Forever 21.
- Mango.
- Boohoo.
- Primark.
- Fashion Nova.
- Missguided.
- PrettyLittleThing.
- Bershka.
- Asos.
- Topshop.
- New Looky.
- Next
- Esprit.
- Uniqlo
- GAP
- Levi's
- Adidas Originals
Recent Developments
- August 2023: Forever 21 and Shein are coming into a collaborative venture as part of a joint initiative. In this strategic scheme, the Chinese ultra-fast style giant, Shein, is set to collect approximately one third of Sparc Group, the operator of Forever 21. Concurrently, Sparc Group may also stable a minority stake in Shein.
Global Fast Fashion Key Market Trends
- Rising Emphasis on Sustainability: The growing emphasis on sustainability, with clients increasingly more prioritizing eco-friendly practices and materials. The integration of generation, such as synthetic intelligence and statistics analytics, is streamlining deliver chain approaches and enhancing operational efficiency. Furthermore, there may be a great shift in the direction of transparency, with customers annoying greater records about the manufacturing procedures and ethical sourcing.
Global Fast Fashion Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Fast Fashion market evaluation is a dynamic market with some standout traits and problems. The market is driven via patron call for inexpensive and trendy clothing, elevated by way of shortened style cycles and the have an effect of social media. However, moral and environmental worries pose restraints, though the enterprise's sustainability. Apparel dominates product kinds due to its adaptability, while Asia-Pacific leads in production and consumption. Key traits include a focal point on sustainability, integration of generation, transparency in the delivery chain, inclusivity in product offerings, and the upward thrust of resale and condo structures, reflecting a shift towards aware and round intake models within the speedy style market.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 93.66 billion |
| Market size value in 2031 | USD 182.60 billion |
| Growth Rate | 7.70% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Fast Fashion Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Fast Fashion Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Fast Fashion 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 Global Fast Fashion 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Fast Fashion Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Fast Fashion 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.
Global Fast Fashion Market Report Snapshots
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