Dublin, Feb. 08, 2022 (GLOBE NEWSWIRE) -- The "Denim Jeans - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Denim Jeans Market to Reach US$76.1 Billion by the Year 2026
The global market for Denim Jeans estimated at US$57.3 Billion in the year 2020, is projected to reach a revised size of US$76.1 Billion by 2026, growing at a CAGR of 4.8% over the analysis period.
The growing interest towards a casual look is fueling the sales in the market. Rising number of women joining workforce, rapid rates of urbanization, westernization of lifestyles in emerging economies, and rising fashion consciousness are factors propelling growth in the global market for denim jeans. Recent popularity of colored denims and launch of newer styles expanded the range of products that are available under this category.
Additionally, jeans are also being considered ideal for various special occasions, apart from casual wear, including formal attire as work wear. All these factors are together buoying growth and also generating renewed interest in the category. Growing penetration of casual wear in the workplace, coupled with rising employment of the young generation have been auguring well for the global denim apparels market. The market is further propelled by the growth in the premium denim jeans segment. Aggressive promotions of innovatively styled denim garments are further driving growth in the jeans segment.
Offline, one of the segments analyzed in the report, is projected to grow at a 3.7% CAGR to reach US$60.8 Billion by the end of the analysis period.
After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Online segment is readjusted to a revised 9.2% CAGR for the next 7-year period. This segment currently accounts for a 17.7% share of the global Denim Jeans market.
The popularity of online sales channels is driven by a growing number of consumers using the Internet to browse various websites and indulge in web based shopping. In addition, ability of online stores to offer less expensive products in comparison to physical formats of these stores, along with eliminating the requirement of dealing with queues and crowds is driving consumers towards online retail purchases.
Offering a wide array of brands, speciality stores attract customers employing strategic marketing initiatives as well as merchandising.
The U.S. Market is Estimated at $15.1 Billion in 2021, While China is Forecast to Reach $15.5 Billion by 2026
The Denim Jeans market in the U.S. is estimated at US$15.1 Billion in the year 2021. The country currently accounts for a 24.6% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$15.5 Billion in the year 2026 trailing a CAGR of 7.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4% respectively over the analysis period.
Within Europe, Germany is forecast to grow at approximately 3% CAGR while Rest of European market (as defined in the study) will reach US$4.6 Billion by the end of the analysis period. The US represents the biggest consumer of denim jeans worldwide and has the largest per capita consumer of jeans in the world. Increasing disposable income levels, higher fashion consciousness, and the shift towards casual dressing in the workplace are some of the major factors driving demand for denim jeans in these regions.
A major portion of future growth in the denim jeans market is likely to emanate from developing nations such as China, India, South Korea, Brazil, Mexico, Turkey, the UAE and Saudi Arabia, among others. Factors such as influence of westernization and urbanization, increase in the number of women joining workforce and rising fashion consciousness among consumers are expected to propel growth in the global denim jeans market.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
Pandemic and the Growing Demand for Comfortable Jeans
Focus on Sustainability on the Rise
Creative Business Models Emerge, Functional Fabrics Register Increasing Adoption
Denim Fabrics: A Primer
Denim Jeans: The Primary Application of Denim
History of Denim Jeans
Global Market Prospects & Outlook
While Developed Regions Remain Major Revenue Contributors, Developing Regions Emerge as Hot Spots for Future Growth
A Peek into Denim Jeans Production Landscape
China: Leading Denim Weaver
India Emerges as an Important Denim Resource for Global Giants
Bangladesh Seeks Bigger Role in Denim Jeans Production
Increasing the Sustainability of Denim
World Denim Jeans Market Ranked by Most Popular Jeans Available
Leading Brands in Select Markets Worldwide
A Note on Major Retailers of Denim Jeans
Recent Market Activity
2. FOCUS ON SELECT PLAYERS (Total 166 Featured)
7 For All Mankind
Aarvee Denims & Exports Ltd.
Black Peony (Group) Co., Ltd.
Edwin Co. Ltd.
Levi Strauss & Co.
Nien Hsing Textile Co. Ltd.
Pepe Jeans London
3. MARKET TRENDS & DRIVERS
Demographic Trends Create Fertile Environment for Long-Term Growth of Denim Jeans Market
Expanding Global Population
Growing Affluence of Middle Class Population
Large Base of Millennials
Rising Living Standards
Latest Denim Jeans Trends based on Demographics
Dynamics in the Apparel Industry Favor Considerable Expansion in Denim Jeans Market
Global Textile and Apparel Industry and the Impact of COVID-19
Abundance of Cotton, the Primary Raw Material for Denim, Accelerates Market Growth
Consumption to Remain Stable
What Denim Jeans Styles Trending Now?
Sustained Image of Denim as an Expression of Unique Personal Style Maintains Growth Momentum
Street Fashions & Celebrity Styles Influence Denim Consumption
Growing Fashion Consciousness among Women Augurs Well
Denim vs Sweatpants: Y2K Themes Seen Impacting the Market
Denim Jeans Making Inroads into Workwear/Corporate Wear
Functional Denim: The Next Big Thing
Distressed Jeans and Jeggings now in Vogue
Skinny vs Boyfriend - The Bestselling Styles
Short-Term Forecasts for High-end Premium Denim Jeans Remain Sluggish
Competition in High-End Denim Jeans Market
Acid Washes on Denim Jeans Gain Popularity
Hunt for the Right Fit Continues
Denim Trends based on Size
Jeans Manufacturing: A Significant Detrimental Influence on the Environment
Denim Jeans, a Non Desirable Investment for Climate Change
Eco-conscious Consumers Drift towards Natural, Organic and Sustainable Denims
Bioindigo: A Greener Way to Dye Denims
Hemp Jeans Emerges as a Lighter & Sustainable Alternative
Recycled Cotton: A Major Step towards Sustainability
Acknowledging the 'Green' & 'Sustainability' Trends, Denim Manufacturers Emphasize Eco-Friendly Production
Spike in Online Apparel Sales Revs Up Market Revenues
Growing E-commerce Prospects
Pandemic Fast Forwards E-commerce Growth
Offline Distribution Channels Remain Major Revenue Generators
Specialty Stores Continue to Dominate Women's Jeans Sales
Innovations Drive Market Dynamism
A Review of Select Denim Innovations
Key Innovations in the Global Denim Sector
New Designs and Innovations in Preparation of Denim Fabric
Emerging Innovations in Denim and Jeans Market
Innovative Trends Key to Market Performance in Premium Segment
Issues & Challenges
Denim Jeans Market Faces Threat from Substitutes
Athleisure Trend Continues to Bother the Denim Market
Disorganized Production & Retail Understate Overall Revenues
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
Total Companies Profiled: 166
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