10 March 2023, Mumbai
The kids' apparel market was assessed to be around worth a total revenue of US$ 187.29 billion in 2022 and is projected to clock a CAGR of 6.8% over the forecast period to attain a revenue of US$ 386.19 billion by 2033.
Market kinetics likely to impact the kids' apparel/garment market include growing demand for cotton-fiber kids' apparel among parents, robust urbanization contributing to the expansion of the retail sector, rising proclivity for branded products among parents, and increasing brand awareness about children's clothing lines.
Key underlying trends driving the children's apparel/clothing industry include gender-neutral apparel/clothing and the popularity of age-appropriate and miniature versions of adult/grown-up apparel/clothing.
Emerging opportunities for kids' apparel businesses include the growing infant population, particularly in developing countries such as China and India as emerging economic powerhouses, as well as the surging high-net-worth individuals and urbanization in the Middle East.
The long-term market growth is highly likely to gain materially from the rising organized retailer/s and investors in the market, investing in new/budding brands targeting a wider audience of parents and children alike.
Based on end-user, the boys' segment is forecasted to experience a high percentage share held, while the 10-12 years segment is expected to hold a considerable market share over the forecast period. The 1-5 years segment is projected to witness remarkable growth over the forecast period.
CREDITS: FMI Shares Key Insights
