Ethnic Wear Market Forecast, Trend, Analysis and Competition Tracking – Global Market Insights 2022 to 2030

The global Ethnic Wear market size is expected to be worth around US$ 130.2 billion by 2030, according to a new report by Vision Research Reports.

The global Ethnic Wear market size was valued at US$ 78.9 billion in 2020 and is anticipated to grow at a CAGR of 7.3% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 130.2 billion by 2030
Growth Rate CAGR of 7.3% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered End-user, Distribution Channel
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Biba Apparel; Manyavar; Shanghai Tang; Shimamura co.; Wacoal holding Corp.; Thebe Magugu; Lemlem; Afrikrea; Global Desi; ELIA SAAB; Modanisa

Growth Factors

There has been a high demand for ethnic wear of various countries across the world because of globalization, movement of culture & tradition in conjunction with individuals visiting and staying in numerous countries. COVID 19 crisis has taken the globe by surprise. All industries and businesses around the world are plagued by the pandemic in a way or another.

These changes not only affected product quantities, but also product types and distribution channels. With these changes, the effects on the industry are not limited to a change in capacity, but extend to the production models and will permanently disrupt value chains in the medium and long term.

By End-user Analysis

In terms of value, the women end-user segment dominated the market for ethnic wear and accounted for the largest revenue share of around 74.0% in 2020. The women’s segment is projected to witness a CAGR of 7.6% over the forecast period.

The men’s ethnic wear segment accounted for a revenue share of 17.4% in 2020 and is projected to witness a CAGR of 7.2% over the forecast period. The growing craze for fashion among millennials, the growing number of aspiring fashion designers.

By Distribution Channel Analysis

In terms of value, the offline distribution channel segment dominated the market for ethnic wear and accounted for the largest revenue share of over 64.0% in 2020. This segment is projected to progress with notable CAGR over the forecast period.

The online store segment is projected to witness a CAGR of 7.7% over the forecast period. The pandemic caused consumers to reassess their life priorities, which resulted in new values ​​and spending criteria. The shift to online models has shifted consumer demand from physical stores to online retail, a trend that existed before the COVID-19 pandemic.

By Regional Analysis

In terms of value, Asia Pacific dominated the market for ethnic wear and accounted for the largest revenue share of 61.7% in 2020. It is also projected to witness a CAGR of 7.5% over the forecast period. the e-commerce sector has in itself seen tremendous growth in the country. The opening up of the market by e-commerce platforms gave local brands the opportunity to compete globally.

North America held a considerable market share in 2020 and is projected to witness a CAGR of 7.1% over the forecast period. Due to the rise in the population of American Indians in North America there is a huge demand for ethnic wear.

Key Players

  • Biba Apparel
  • Manyavar
  • Shanghai Tang
  • Shimamura co.
  • Wacoal holding Corp.
  • Thebe Magugu
  • Lemlem
  • Afrikrea
  • Global Desi
  • ELIA SAAB
  • Modanisa

Market Segmentation

  • By End-user
    • Men
    • Women
    • Children
  • By Distribution Channel
    • Online
    • Offline
  • Regional
    • North America
      •  U.S.
    • Europe
      • Germany
      •  U.K.
    • Asia pacific
      • India
      • China
    • Central and South America
      •  Brazil
    • Middle East & Africa
      • Saudi Arabia

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Ethnic Wear Market, By End-user

7.1.  Ethnic Wear Market, by End-user, 2021-2030

7.1.1.    Men

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Women

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Children

7.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Ethnic Wear Market, By Distribution Channel

8.1.  Ethnic Wear Market, by Distribution Channel, 2021-2030

8.1.1.    Offline

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Online

8.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Ethnic Wear Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by End-user (2017-2030)

9.1.2.    Market Revenue and Forecast, by Distribution Channel (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by End-user (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by Distribution Channel (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by End-user (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by Distribution Channel (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by End-user (2017-2030)

9.2.2.    Market Revenue and Forecast, by Distribution Channel (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by End-user (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by Distribution Channel (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by End-user (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by Distribution Channel (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by End-user (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by Distribution Channel (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by End-user (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by Distribution Channel (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by End-user (2017-2030)

9.3.2.    Market Revenue and Forecast, by Distribution Channel (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by End-user (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by Distribution Channel (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by End-user (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by Distribution Channel (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by End-user (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by Distribution Channel (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by End-user (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by Distribution Channel (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by End-user (2017-2030)

9.4.2.    Market Revenue and Forecast, by Distribution Channel (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by End-user (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by Distribution Channel (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by End-user (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by Distribution Channel (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by End-user (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by Distribution Channel (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by End-user (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by Distribution Channel (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by End-user (2017-2030)

9.5.2.    Market Revenue and Forecast, by Distribution Channel (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by End-user (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by Distribution Channel (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by End-user (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by Distribution Channel (2017-2030)

Chapter 10.  Company Profiles

10.1.              Biba Apparel

10.1.1.  Company Overview

10.1.2.  End-user Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Manyavar

10.2.1.  Company Overview

10.2.2.  End-user Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              Shanghai Tang

10.3.1.  Company Overview

10.3.2.  End-user Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Shimamura co.

10.4.1.  Company Overview

10.4.2.  End-user Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              Wacoal holding Corp.

10.5.1.  Company Overview

10.5.2.  End-user Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              Thebe Magugu

10.6.1.  Company Overview

10.6.2.  End-user Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              Lemlem

10.7.1.  Company Overview

10.7.2.  End-user Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.              Afrikrea

10.8.1.  Company Overview

10.8.2.  End-user Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

10.9.              Global Desi

10.9.1.  Company Overview

10.9.2.  End-user Offerings

10.9.3.  Financial Performance

10.9.4.  Recent Initiatives

10.10.           ELIA SAAB

10.10.1.               Company Overview

10.10.2.               End-user Offerings

10.10.3.               Financial Performance

10.10.4.               Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

12.2.              Glossary of Terms

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