Anticipated to expand at a CAGR of 7.6%, the Indian western wear market is poised to surge from $2.5 billion in 2021 to $6.0 billion by 2032.
Growth drivers
Driving this growth are factors like increased disposable income, urbanization, and Western cultural influence. The market is categorized by gender (men and women), style (casual and formal), and distribution (online and offline).
Projections indicate that the online segment will exhibit the highest CAGR during the forecast period.
Key market players include Aditya Birla Fashion and Retail Limited, Chemistry, H&M Hennes & Mauritz AB, Forever21 Inc., Inditex SA, Mango, Shoppers Stop Ltd., Benetton Group, Vero Moda, and Westside.
