Luxury Vegan Men’s Fashion Market Size, Share, Trends, Innovations, Outlook 2022-2030
The global Luxury Vegan Men’s Fashion market size is expected to be worth around US$ 45.0 billion by 2030, according to a new report by Vision Research Reports.
The global Luxury Vegan Men’s Fashion market size was valued at US$ 18.5 billion in 2020 and is anticipated to grow at a CAGR of 11.9% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | US$ 45.0 Billion by 2030 |
| Growth Rate | CAGR of 11.9% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Distribution Channel |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Komodo Fashion; ECOALF; Brave GentleMan; Rapanui; Tact & Stone; THOUGHT CLOTHING; BARO; CARPASUS; Wuxly Movement; A.BCH |
Growth Factors
The rising number of High-Net-worth Individuals (HNWI) and the growing popularity of vegan clothing and accessories made from cruelty-free sources among the millennial and Gen Z population across the world are anticipated to fuel the industry growth over the forecast period.
The increasing popularity of vegan clothing and accessories made from cruelty-free sources, coupled with rising consumer focus on animal wellbeing and safety, has been contributing to the greater social acceptance of these products, thereby driving their demand. Increasing disposable income and consumer spending on luxury products are some of the other prominent factors augmenting the demand for luxury vegan men’s fashion globally.
By Product Analysis
The footwear segment dominated the market for luxury vegan men’s fashion and accounted for the largest value share of over 40.8% in 2020. This product segment is projected to witness a CAGR of over 10.7% over the forecast period.
An increasing number of startups venturing into vegan footwear is driving the demand. Additionally, many conventional footwear brands including Adidas, Nike, and Rebook are also offering vegan footwear owing to increasing demand from conscious consumers.
The accessories segment is projected to witness the fastest CAGR of 11.8% from 2021 to 2028. The increasing number of options available for men for bags and wallets in terms of style and fabric is likely to lead to a growing demand for the accessories segment over the forecast period.
By Distribution Channel Analysis
E-commerce is projected to witness a CAGR of 11.7% over the forecast period. Globally, the online channel has become highly popular among millennials, primarily owing to the convenience it offers.
The specialty store segment dominated the market for luxury vegan men’s fashion and accounted for the largest revenue share of 23.8% in 2020. Specialty stores specialize in the distribution of certain products-in this case, luxury vegan men’s fashion.
Prospective brands opt for the distribution of luxury vegan men’s fashion products through specialty stores. These stores act as “pop-ups” and help create excitement around a brand or a product.
By Regional Analysis
North America dominated the luxury vegan men’s fashion market and accounted for the largest revenue share of around 33.1% in 2020. The growing apparel and textile market in the region is expected to drive the market for luxury vegan men’s fashion.
Asia Pacific is projected to witness the fastest CAGR of 12.6% over the forecast period. An increasing number of compassionate shoppers who are willing to buy high-quality, cruelty-free, and environment-friendly fashionable products has been instrumental in driving the product demand.
The young and working-class populations in the region that exhibit increased interest in their appearance and have been dressing in tune with the latest trends are attracted to vegan fashion as purchasing these products gives them a sense of giving back to the environment.
Key Players
- Komodo Fashion
- ECOALF
- Brave GentleMan
- Rapanui
- Tact & Stone
- THOUGHT CLOTHING
- BARO
- CARPASUS
- Wuxly Movement
- A.BCH
Market Segmentation
- By Product
- Accessories
- Clothing & Apparel
- Footwear
- By Distribution Channel
- E-commerce
- Hypermarket/Supermarket
- Departmental Stores
- Specialty Stores
- Regional
- North America
- U.S.
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Middle East & Africa
- South Africa
- Central & South America
- Brazil
- North America
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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 Luxury Vegan Men’s Fashion Market, By Product
7.1. Luxury Vegan Men’s Fashion Market, by Product, 2021-2030
7.1.1. Accessories
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Clothing & Apparel
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Footwear
7.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Luxury Vegan Men’s Fashion Market, By Distribution Channel
8.1. Luxury Vegan Men’s Fashion Market, by Distribution Channel, 2021-2030
8.1.1. E-commerce
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Hypermarket/Supermarket
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Departmental Stores
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Specialty Stores
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Luxury Vegan Men’s Fashion Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product (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 Product (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 Product (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 Product (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 Product (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 Product (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 Product (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 Product (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 Product (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 Product (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 Product (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 Product (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 Product (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 Product (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 Product (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 Product (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 Product (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 Product (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 Product (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 Product (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 Product (2017-2030)
9.5.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
Chapter 10. Company Profiles
10.1. Komodo Fashion
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. ECOALF
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Brave GentleMan
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Rapanui
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Tact & Stone
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. THOUGHT CLOTHING
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. BARO
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. CARPASUS
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Wuxly Movement
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. A.BCH
10.10.1. Company Overview
10.10.2. Product 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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