Denim Jeans market size to reach $88.1 Billion by 2030
Driven by Strong Demand in Asia and Premium Segment
The global denim jeans market is expected to reach $88.1 billion by 2030, growing at a CAGR of 4.2% during the forecast period, according to research by Allied Market Research and Facts Factors. The growth is attributed to a number of factors, including:
Growing demand in Asia, particularly in India and China
increasing popularity of premium denim jeans
Rising fashion consciousness among men and women
Casualization of office wear
The Asia-Pacific region is expected to be the fastest-growing market for denim jeans during the forecast period, due to its large and growing population and rising disposable incomes. The premium denim jeans segment is also expected to grow at a faster rate than the overall market, as consumers become more willing to pay for higher-quality products.
Key Trends:
The men's denim jeans market is expected to grow at a faster rate than the women's segment.
The skinny fit segment is expected to be the fastest-growing product type segment.
The online sales channel is expected to grow at a faster rate than the offline channel.
Conclusion:
The denim jeans market is expected to continue to grow in the coming years, driven by strong demand in Asia and the premium segment. Manufacturers and retailers should focus on developing innovative products and expanding their reach in the online channel to capitalize on this growth.
