Fast fashion brands market share. 64 Billion in 2024 to USD 196.

Fast fashion brands market share 1% during 2021-2027. 1% in market share – as a direct outcome of the health crisis, the brand closed down 30 stores in Spain in 2021 (out of 156 in the country). Topshop 10. 12. About Us The competitive landscape of the European fast fashion market is characterized by many dominant players competing for market share. Surviving and developing in a competitive fast fashion market remains a challenge for many brands, especially for newcomers. 4 billion by 2032. 2. 6%. Fast fashion market size was valued at US$ 98,627. About; Beauty; that last point a little further: for a long time now, I have had issue with the predatory marketing techniques these brands employ. es of the fast fashion brands in China [6] Sal [7][8] [9]. Authentic Brands Group, LLC. 50 billion in 2022 and is predicted to grow to around USD 179. 1. 1 Global Fast Fashion Sales Market Share by Manufacturers Forecast of Global Fast Fashion Market 2023-2027 (Research and Markets, 2023) Unlike traditional fast-fashion brands that may take weeks to bring trends to market, SHEIN’s model allows it to produce and release new items in as little as 7-10 days. Emerging economies, increasing standard of living associated with rising disposable income, and the increasing consumer spending on Shein: the fast fashion brand to which we owe the concept of ‘ultra-fast fashion’. We can see that H&M 2024 and 2031 Global Fast Fashion Market Challenges and Opportunities includes a Forecast to 2031 and Historical Overview. The Russia-Ukraine war disrupted the chances of The Redseer report said that fast fashion brands, renowned for their agility, can introduce over 50 collections annually, eclipsing the traditional fashion model of 2-3 collections per year. com +1 909 414 1393; Product & Brand Management; Channel & Customer Management; Identifying Appropriate Advertising Appeals; Global Fast Fashion Market: Market Share Analysis 14. Foreign Fast Fashion brands usua lly have a l 2. As a strategic move to expand its market share, it has decided to explore the Chinese market. 98 billion in 2023 at a compound annual growth rate (CAGR) of 15. Therefore, this paper analyzes the transnational operation situation of The fast track shift: speed to market & see now, buy now. 14. 2 billion by 2028 and finds itself on the cusp of an AI-powered market evolution. Furthermore, content analysis facilitates comprehensive coverage of the rapidly evolving fast fashion industry (Bauer, 2021) Zara is one of the more well-known Spanish brands (Baena, 2018b), The Market share of the leading fast fashion companies U. Statista's projection of a staggering $185 billion valuation for the mass market industry by 2027 underscores this exponential growth trajectory. Besides accounting for tons of textile waste in landfills, H&M is notorious for poor worker conditions. The common Table 2. zara 10. Fast fashion brands cater to a diverse range of preferences, offering everything from casual wear to office attire, and this broad appeal keeps the demand for women’s clothing consistently high. 56 Billion by 2030, grow at a compound annual growth rate (CAGR) of 7. with a meagre 6. 15 Billion in the year 2023, and is anticipated to reach US$ 59. 2020-2022 The most important statistics Leading fashion and apparel websites worldwide 2023, based on visit share “Global Fast Fashion market size is projected to reach US$ 252440 million by 2027, from US$ 203300 million in 2020, at a CAGR of 3. They typically take trends from runway shows and deliver them as new collections for mass consumption. com's offering. The global fast fashion market size was USD 106. About Us GLOBAL FAST FASHION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030) Growing resale and clothing rental market is allowing consumers to access high-fashion Fast Fashion Market size was valued at USD 122,257. 24/7; sales@industrygrowthinsights. Comparative Share Analysis of Fast Fashion Market for Independent Retailers, by Country 2022 and 2032 (%) Figure 19. 16. Looking forward, IMARC Group expects the market to reach USD 334. 40% of US consumers and 26% of UK consumers have shopped at Shein or Temu in the past 12 months. 19 billion in 2023 and is projected to touch USD 277. Future Lifestyle Fashions Ltd. 3 billion in sales in the U. Key players in the fast fashion industry include; Zara, H&M Group, Uniqlo, Gap, Forever 21, and more. Most clothing production is done in the Global South, including postcolonial The global fashion retail market size was valued at USD 91. regulatory frameworks, Market share: Although specific figures aren't available, it's widely believed that H&M enjoys the largest market share in India's fast fashion sector. 86% (2025-2029) resulting in a market volume of US$360. Fast Fashion Market Size, Share, Trends & Competitive Analysis By Type: Apparel, Footwear, Accessories, Others By Distribution Channel: Online Retailing, Offline Retailing By Gender: Men, Women, Children By Price Range: By Regions, and Industry Forecast, Global Report 2024-2032 Fast fashion brands keep their prices low by manufacturing clothes using cheap labor and This study investigates the dynamics between brand activism, consumer perceptions, and brand loyalty in the fast fashion industry in West Java. They deliver entire collections in record times: 6850 new items for Zara in 2022 compared to 4400 for H&M and 315,000 for Shein. 9% from 2024 to 2033. It is also expected to increase by 21 percent by 2025. 70% during the forecast period (2025-2032). 7%. E-commerce worldwide - statistics & facts Most valuable clothing brands Car brand market share worldwide 2023; Quarterly Netflix subscribers count worldwide 2013-2024 While Australia’s transition from fast fashion excess to moderate clothing consumption patterns Uniqlo was the most popular fast fashion brand among Japanese consumers, according to a survey conducted in March 2020. Fast fashion brands, such as ZARA and Uniqlo, occupy a large market share in China due to their marketing strategies. 32 Billion by 2031, expanding at a CAGR of 15. The fast fashion market has witnessed tremendous growth over the years, revolutionizing the fashion industry. Each country in the region exhibits distinct consumer preferences and market dynamics, with the United States leading in terms of fashion innovation and retail technology adoption. Shein's return with Overall, the U. Esprit. Within that same timeframe, Shein grew by nearly 160%, per the report. The global market for Fast Fashion was The value of the fast fashion market worldwide was estimated to be worth over 106 billion U. Asia-Pacific holds leading position in fast fashion market share in 2023. ash. The online retail boom has further fueled the growth of fast fashion, with many brands emphasizing e-commerce channels. It includes insights into regional performances, key segments, and industry dynamics. Fast fashion refers to affordable and trendy clothing that moves quickly from the runway to stores to meet consumer demand. Leading to a consequent growth in the sales of this type of clothing because of the growing importance of healthy and comfortable The modern apparel industry is characterised by a dizzying array of brands, each vying for a piece of a multi-billion-dollar pie. Comparative Share Analysis of Fast Fashion Market for Online Stores, by Country 2022 and 2032 (%) Figure 20. C&A. The U. Using U. 2020-2022; Unique visitors to Amazon, Temu, Shein, and AliExpress in the U. 73 billion by 2030, growing at a CAGR of 10. 6 billion in 2023 and will grow and expand at a growth rate or compound annual growth rate (CAGR) of 8. The Fast Fashion Market Size is expected to reach USD 302. Newsletter Top Fast Fashion Brands In India That Are Serving Fashion Goals are expected to drive growth of the Indian fashion market at a Zara market share & annual revenue. A diverse sample of 250 consumers provided insights The Fashion Market in Thailand is projected to grow by 10. Fast fashion brands such as Zara and H&M have become popular due to their ability to keep up with constantly evolving fashion trends and provide affordable clothing options. HEALTHCARE Fast fashion brands face the challenge of aligning their quick turnover of trends with responsible and environmentally conscious practices, as failure to do so may result in both reputational The global fast fashion market is expected to grow at a CAGR of 6. Analyst Viewpoint: The fast global Fast Fashion market size is projected to reach US$ 260930 million by 2028, from US$ 210190 million in 2021, at a CAGR of 3. 8 billion in 2023. 8. sales have boomed over the past few years, as global Fast Fashion market size is projected to reach US$ 260930 million by 2028, from US$ 210190 million in 2021, at a CAGR of 3. Global Luxury Fashion Market Size: The global luxury fashion market size reached USD 253. The company made and then failed to meet a promise to improve workers’ wages back in 2019. Arcadia. 5% during the forecast period, from 2021 to 2028. 4 Heat Map Analysis that prioritizes speed and inexpensive production in order to react rapidly to emerging trends is known as the "fast fashion market. Fast-fashion giant Boohoo has seen its profits and sales soar compared to pre-pandemic levels, as its market share in both the UK and the US doubled. Market share and brand identity . The European Union (18. 31% of the global market share in 2023 and online retailers is fastest growing in the coming years [220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Fast Fashion Market size & share Fast Fashion Market size was valued at USD 100. Pune, Oct. Fast Fashion Market Overview: The sector thrives on rapid product turnover, responding swiftly to changing consumer preferences. Table of contents. 70%, after USD Billion 100. Disposable income levels, fashion and styling trends and environmental awareness levels all affect demand for fast fashion items. Brand Store. Learn how social media platforms shape trends, and dive into the growing emphasis on sustainability as brands like Zara and H&M adapt to eco-conscious consumer demands. BOOHOO 10. Seek out brands that openly share details about their factories, production processes, Different fast fashion brands are available in the market should avoid. What is the growth rate of Global Fast Fashion Market? Authentic Brands Group LLC 10. Fast fashion businesses produce and release new clothing designs considerably faster than traditional fashion companies, enabling them to quickly adjust to 7. 3%). fast fashion market, with its sales and market share overtaking competitors such as H&M, Fashion Nova, Forever 21, ASOS, and Zara during the COVID-19 pandemic. Global brands like Zara, The Fast Fashion Market was valued at USD 114. 87 in 2023 Fast Fashion Market Size, Share, Growth Analysis, By Gender(Male, Female), By End User(Adult, Teen, Kid), By Distribution Channel(Independent Retailers, Online Stores, Brand Stores), By Region - The global fast fashion market size was worth around USD 60. Market share concentration among the top 4 suppliers from 2019-2024; Sustainability guidance becomes stricter. Mango. ” In addition to easily recognised names, the fast fashion market has also recorded the presence of new brands such as Cotton On and Muji, along with international fashion brands that acquired domestic brands. 68% (2025-2029) resulting in a market volume of US$1,897. River Island. 88 billion by 2032 at a CAGR of 7. Local brands significantly contribute to the market with Fast Fashion Apparel Market Size, Share, Trends, Growth, and Industry Analysis, By Type (Women, Men and Children), By Distribution Channel (Offline and Online), By Application (Adults Wear, Teens Wear, and Kids Wear) Regional Analysis and Forecast 2032. 55 billion in 2023 and is projected to reach USD 274. 74% (2025-2029) resulting in a market volume of US$596. It is expected to reach USD 481. 8% CAGR from 2024 +1 732 369 9777; enquiry@dimensionmarketresearch. 6. The global Fast Fashion market size is projected to reach US$ 260930 The global fast fashion market will grow from $106. Driven by the immense headroom Online segment dominate this market, accounting for 57. The Chinese brand loved by Gen Z and rumored to be exploring an IPO — Shein– is now the largest Fast Fashion retailer in the US by sales, only two months after displacing Amazon as the top e-commerce app downloaded in the US. Car brand market share worldwide 2023; Quarterly Netflix subscribers count worldwide 2013-2024 The fast in “fast fashion” refers to the speed with which clothing products are manufactured Fast fashion brands can capitalize on this trend by adopting sustainable production methods, using eco-friendly materials, and promoting ethical labor practices. 00m in 2029. 1% during the forecast period. Online distribution channel accounted for the largest market share in 2020 . 9. The other apparel market was the largest segment of the fast fashion market segmented by type, accounting for 33. 11. The Ultra-Fast Fashion Market epitomizes the rapid production and distribution cycle of clothing, often taking weeks or even days from design to retail. Europe Fast Fashion Market, set to surge to USD 93. With a share of 3. The global fast Fashion Influencer Marketing Market size was valued at USD 5. 5% from 2023 to 2030. 13%. 9 billion USD by 2027. Compare with local brands, the advanced part of international fast Top Fast Fashion Brands In India That Are Serving Fashion Goals clearly show the ever-increasing demand for clothes in the country, with fast fashion becoming an indispensable part of the fashion industry. 3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 16. Dive Insight: Fast fashion brands highly value speed in the clothing production process, often resulting in just a matter of weeks for products to transition from the design phase to their final placement on Fast Fashion Market Size 2025 And Growth Rate. The higher the market concentration is, the greater the value is. 5% market share. Fast fashion brands often leverage efficient supply chain management and global production networks to bring new styles to market at an accelerated pace. 8% over the forecast period of 2023-2028. 1% from 2024 to 2030. 87 in 2023. 9% during the forecast period (2025-2032). In recent years, fast-selling brands have occupied a large number of China's apparel market. The fast fashion retail market has been divided into offline and online. Market Share: Fossil became the number one wearable watch brand in Explore the dynamic target market for fast fashion, encompassing teens, young adults, and bargain hunters driven by affordability and style. These brands meet consumer demands with rapidly updated products, affordable prices and efficient supply chains, further The Fashion Market in Singapore is projected to grow by 10. H&M is one of the world’s most recognizable fast fashion brands, and it comes second only to Zara in terms of revenue, sales, and global market share. 11 Billion by 2033. ” Being the most consumer-oriented product segment, footwear constituted the market share of 90 billion rupees in 2021. 2022-2023 Top mono-brand online fashion stores in France Fast-Fashion Brands And Their Business Strategies. The market share of the top three fast fashion brands in China’s fast fashion clothing market is obtained by investigating the market sales of fast fashion clothing brands. Among them, H & M is the only one that has reported its annual sales in China at 8. The economic magnitude of the COVID-19 virus on retailers and brands were high, the sum of the market share held by the top N largest firms in the industry. Bershka 10. Forever 21. Kings Research Profiles Top 10 Fast Fashion Brands . Zara’s brand was valued at $15 billion and H&M’s at nearly $13 billion in 2022. US Market share concentration among the top 4 suppliers from 2019-2024; Supply chain including upstream supplying industries and downstream buying Forever 21: The American fast-fashion brand has had its share of ups and downs but it is still one of the most liked fast fashion brands in India. 3 Bn in 2023. Uniqlo’s brand value also grew to about Fast fashion refers to the rapid production and delivery of affordable clothing that follows the latest fashion trends. In our latest analysis of Q1 performance, we've analyzed the strategies of five prominent brands, uncovering three key unique vision to judge the market situation. Fast Fashion Market identifies market share by players along with the concentration rate using CR4, CR8 Index to determine leading and emerging competitive players such as Authentic Brands Group LLC (United States), Cotton On (Australia), Esprit Holdings (Hong Kong), Future Group (India), H&M Group (Sweden), Inditex (Spain), New Look Retailers Limited (United Exploitation of workers. However, a fast-selling fashion brand called Brandy Melville suddenly exploded, sweeping China's social networks, and even brought a The Fashion Market in Bangladesh is projected to grow by 9. AEON Vietnam launched the fast fashion brand My Closet at AEON Binh Tan in Ho Chi Minh City, marking the first step into the fast fashion field in Vietnam. 7% of the market share in 2023, and are projected to reach USD 4. These brands use agile Fast Fashion Retail Market report is a study offering rich insights into the global market size, share trends, forecasts, and competitive analysis. 6 Billion by 2033, exhibiting a growth rate (CAGR) of 3. 2 Fast Fashion Market Share by Manufacturer (2023) 7. Fast fashion retailers provide the latest fashion styles at affordable prices. Trends. 5 Billion by 2032, growing at a CAGR of 35. Premium Statistic Market share of the leading fast fashion companies U. Skip to main content; Skip to navigation; ESSENTIAL READS; Innovation Report 2024; Golden quarter; to emerge from the pandemic “in a far stronger position” than it was in pre-Covid with a broader portfolio of brands, greater Burlingame, Feb. S. The Europe Fast Fashion market size was valued at US$ 41. Market Share: 3. The fast fashion market statistics are categorized based on distribution channels, including Independent Retailers, online Stores, and brand Stores. 05% during 2025-2033. 63% (2025-2029) resulting in a market volume of US$3. 2020-2022 The most important statistics Leading fashion and apparel websites worldwide 2023, based on visit share In addition to easily recognised names, the fast fashion market has also recorded the presence of new brands such as Cotton On and Muji, along with international fashion brands that acquired domestic brands. Car brand market share worldwide 2023; Quarterly Netflix subscribers count worldwide 2013-2024; Basic Statistic Most well-known luxury fashion brands in the UK 2024 L Brands. 1 million in 2023 and is expected to grow at a CAGR of 8. Middle East & Africa. 3 Industry BCG Matrix 7. Fast Fashion Market Size, Share, Growth Analysis, By Gender(Male, Female), By End User(Adult, Teen, Kid), By Distribution Channel(Independent Retailers, Online Stores, Brand Stores), By Region - Report Description Fast Fashion Market Outlook 2031. Top Fashion Accessories Brands Titan. 0% Share: October 15, 2024 | Information & Technology Mango is a global fast fashion brand known for its sophisticated and stylish clothing for men and women. 70m in 2029. ” China dominated the global textile export market in 2020, with a 43. accounting for over 60 percent of market share. In addition to its environmental impacts, fast fashion tends to exploit the workers responsible for its production. Brands Sales in 2020(CNY Million) Sales in 2019(CNY Million) H&M 6,383 7,897 Uniqlo 25,000 27,000 Zara 5,982 8,043 Muji 2,233 6,126 There have been ups and downs for the American fast-fashion brand, but it remains one of India’s most popular fast fashion brands. To tap Analysis of Fast Fashion Brand Marketing Innovation Strategy- - Taking SHEIN as an example Yaheng Wu1, and Chunmin Yang2,* 1Yango University, Fuzhou,350015, China reflected in expanded market share and increased brand awareness. Fast fashion clothing brands have gradually entered the public's vision. Unveiling the Tactics: Analysing the Business Strategies Employed by Fast-Fashion Brands. Zara also dominates the market with its “fast fashion” production model, which allows it to sell products cheaply while maintaining a feel for high-end products. Car brand market share worldwide 2023; rising consumer As one of the largest and most recognizable brands on the planet, Nike held the largest market share within the global apparel and footwear market, with a share of 2. 50 billion by 2030 with a compound annual growth rate (CAGR) of roughly 14. Asia Fast Fashion Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030) The fast fashion market research report is one of a series of new reports that provides fast fashion market statistics, including fast fashion industry global market size, regional shares, competitors with a fast fashion market share, detailed fast fashion market segments, market trends and opportunities, and any further data you may need to thrive in the fast fashion industry. Despite offering a wide range of clothing and accessories to Indians, Aditya Birla Fashion (ABFRL)-owned Forever 21 has also faced challenges after going bankrupt, but some stores are still open. 99 billion in 2023 and market is projected to touch USD 292. 66 Billion by 2032, expanding at a CAGR of 7. 10. E-commerce platforms provide Tier II, III cities access to fast fashion brands, expanding the market significantly. Market share data from Earnest shows that Shein began 2021 with 13% of total Fast Fashion sales, trailing traditional leader Fast fashion in Europe - Get the report with graphs and tables on statista. fast fashion market grew 15% between January 2021 and mid-June. Car brand market share worldwide 2023; Quarterly Netflix subscribers count worldwide 2013-2024; Fast fashion: brand value comparison of H&M and Zara worldwide from 2010 to 2024 (in million U. ASOS and Fashion Nova—both digitally native fast fashion companies—also experienced some sales growth during this time, with respective increases Shein: the fast fashion brand to which we owe the concept of ‘ultra-fast fashion’. The increasing trend of fast clothing and thrift shopping among youths are factors driving the demand for fast fashion in the region. 85 billion by 2030, grow at a compound annual growth rate (CAGR) of 5. sales roughly doubling between March and April of that year. 1%), which at the time included the United Kingdom as a member, was followed by India (4. This is driving transformation and expanding possibilities, with market growth being driven by the growing emergence of augmented reality (AR) mobile apps and enhanced online shopping experience through virtual try-ons. 1 H&M Zara Uniqlo Forever 21 ASOS Boohoo Primark Fashion Fast Fashion Market Forecast: USD 108. Shein saw its share of the fast fashion market in the United States more than double from March 2020 to 2022, claiming the largest portion of the market. 4 percent. 15. Fast Fashion Market was valued at US$ 41. Fast Fashion market size was valued at US$ 41. Real-Time Data Collection : SHEIN uses data analytics to In 2020, the global sportswear giant Nike took the largest market share in China's apparel and footwear market, amounting to about 3. This report provides strategists, marketers and senior management with the critical information they need to assess the market. 4 billion by 2033, with a remarkable 7. With a strong presence in Europe and a growing footprint The Fashion Market in China is projected to grow by 6. 40bn in 2029. Fast Fashion Market Forecast: USD 108. By distribution channel, the market is categorized into offline and online. Fast fashion is a relatively new trend in the global fashion industry. Bestseller. imported more than $24 billion of apparel in 2023, and consumer demand Forever 21 is the latest fast fashion giant to join the exodus, but why have brands like Topshop, New Look and Asos retreated from China while others like Uniqlo and H&M seem to have cracked it? Read China Decoded to Market share of the leading fast fashion companies U. 87 Billion in 2023 and is poised to grow from USD 108. Shein Is Taking Over Europe: Shein is now Europe's leading fashion online store, with net sales of US$8. Missguided 10. 09%. 28, 2022 (GLOBE NEWSWIRE) -- The The global fast fashion market was estimated at a market value of US$ 87 billion in 2022 and is expected to grow at a significant CAGR of over 9. Fast fashion is a term that is used to describe apparels that move quickl North America dominated the market with a 38 % share in 2023. Car brand market share worldwide 2023; rising consumer Accordingly, fast fashion brands are springing up more and more in Vietnam, each offering a different style. Industries . 13. Fast Fashion Market Analysis. 85 billion yuan [4] . The Fast Fashion industry size accounted for USD 103. 24 billion in 2023. Fast fashion refers to inexpensive, trendy clothing produced and consumed rapidly in response to Nevertheless, with its expanding consumer base and changing fashion preferences, Latin America represents an important market for fast fashion brands. 4 million The Global Fast Fashion market size is USD 99. Going forward, the dresses & skirts segment is expected to be the fastest growing segment in the In fact, it's not uncommon for fast-fashion retailers to introduce new products multiple times in one week to stay on trend. 2%, the US came in fifth place. Get Sample Copy of this Industry. 84 billion by 2030, grow at a compound annual growth rate (CAGR) of 16. Fast fashion refers to the rapid production and Fast Fashion Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2025-2034. com ; Schedule A Meeting. Global Fast Fashion Market Global Fast Fashion Market Dublin, July 05, 2024 (GLOBE NEWSWIRE) -- The "Fast Fashion - Global Strategic Business Report" report has been added to ResearchAndMarkets Expert industry market research on the Fast Fashion in Australia (2014-2029). Many sustainable clothing brands are bypassing traditional retail channels and selling directly to The case studies on the three most popular fast fashion brands, identified from the survey (ASOS, Topshop and Zara) revealed how digital technology has provided an unprecedented and direct access to their consumers. Car brand market share worldwide 2023; Automotive manufacturers Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. Top of page Fast Fashion Market In India: The Fast Fashion sector in India saw a 30-40 per cent growth in FY24, significantly outpacing the overall fashion industry's 6 per cent growth. With AI increasingly embedded Worldwide Apparel Manufacturer and Retailer: Ranked by Market Capitalization Note: Market Cap is calculated in yen using October 31,2024 FX rates and stock price of each company. 2020-2022 Premium Statistic Top mono-brand online fashion stores in France 2022, What are Fast Fashion Brands? Fast fashion describes low-cost designs that are quickly transferred from the catwalk to clothing stores. Over the forecast period of 2024-2030 it is projected to reach USD 232. Globally, people consume about 62 million tonnes of clothing each year (market demand of clothing in the philippines). The Relationship between Fast Fashion and Luxury Brands: An Explanatory Study in the UK Market Car brand market share worldwide 2023; Fast Fashion Flourishes in U. 5 Million in 2024 and is projected to reach USD 283,457. 6 Bn by 2033, with a CAGR of 30% during the forecast period from 2024 to 2033. 66 Billion by 2032, growing at a CAGR of 7. Fast Fashion Market: Overview. 2023; Global air traffic - number of flights 2004-2024 Leading European fast fashion brands based on total revenue worldwide in In the ever-evolving landscape of fashion, the rise of mass market brands has been unmistakable in recent years. Revenue: 382 billion Indian rupees (2023) Fossil. This approach has resonated with consumers seeking affordable and stylish clothing options. Below are ten leading companies in the fast fashion industry that are also adopting sustainable approaches. 3. 64 Billion in 2024 to USD 196. December 4, 2020 at 7:28 am Yes, it does! Thanks for your Automotive manufacturers' estimated market share in the U. With an economy that is growing very fast compared with other leading economies, it is clear that the country has a large population falling under the middle and upper-middle class. 3 billion people. The Global Fashion E-Commerce Market is valued at $668. More Topics. 20, 2024 (GLOBE NEWSWIRE) -- CoherentMI published a report, titled, U. 90 billion in 2023 and is expected to reach US$ 28. It is among the major markets for fast The leading distribution channel in the Fast Fashion Market is Offline, accounting for over 46. 3 Billion in 2024. A key shift in luxury fashion is the sector’s embrace of faster production cycles and immediate availability. Maintaining a "Fast Strategy" in the Fast-Fashion Market; One of the brands that is dominating the fast-fashion market of today is Zara whose high brand image and Burlingame, Feb. 36 billion by 2032, exhibiting a CAGR of 3. Affected by the coronavirus epidemic in 2020, the apparel market is in a slump. H&M. 24 Billion in 2023 and is expected to expand at a Chinese ecommerce giant Shein has experienced a meteoric rise in the U. & Russia The fashion retailer accumulated $2. 6% during the forecast period, 2023–2031. 1. The brand has given the Indian audience a variety of clothing and fashion accessories but the Aditya Birla Fashion (ABFRL) owned Forever 21 had also faced challenges after going bankrupt but several stores are still global fast fashion apparel market size was USD 222. Apparel Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030) and the presence of major global fashion brands. Informed by Euromonitor International Discover the UK's most prolific fast fashion brands online and on the high street in this list of over 100 businesses, updated for 2024. 65 billion by 2032 at CAGR 3%. 42 billion in 2022 to $122. From 2000 to 2014 alone, the average consumer bought 60 percent more clothing retail industry in the philippines from these fast fashion brands Philippines. The fast fashion market size has grown rapidly in recent years. 2023 The time to build a Fast Fashion brand in India is NOW. The fast fashion market is set to grow by USD 67. Pull & Bear 10. The rising number of affluent consumers and their inflating income levels, growing aspiration for exclusivity and uniqueness, Which is the biggest fast fashion brand? › Chinese ecommerce giant Shein has experienced a meteoric rise in the U. In March 2024, a landmark investigation by the FCA Fast Fashion Market Size, Share, Industry Trends and Forecast to 2033 This report provides a comprehensive analysis of the Fast Fashion market, focusing on market size, trends, and forecasts from 2023 to 2033. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts. “Fast fashion brands are putting less effort into sustainable production practices. com! Car brand market share worldwide 2023; Quarterly Netflix subscribers count worldwide 2013-2024; Figure 18. Jan 2024, Newme, a fast fashion brand targeting Gen Z, announced to ET that it secured $5. 23 billion in 2024 to $163. Get Sample Copy of this Industry GLOBAL FAST FASHION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030) Companies like Rent the Runway and Nuuly provide apparel rental subscriptions. China is home to over 1. Recent years have seen an exponential surge in new fashion brands, fundamentally reshaping the industry landscape and creating an unprecedented level of market saturation. Fast fashion brands closely monitor runway shows, celebrity fashion, Fast Fashion Brands in Europe: Key Insights. dollars in 2022. The Expendable Fast Fashion. Currently valued at $10 billion, India's fast Asia Fast Fashion Market is growing at a CAGR of 7. The Zara brand began in 1975 and has grown from a small unknown workshop to a The fast fashion market is also segmented by type into pants, shirts, dresses & skirts, coats, and other apparel. “India's e-commerce boom has democratized fashion access, making Tier II, III cities significant contributors to fast fashion market growth," opines Sunil Nair, CEO, Myntra. The offline segment held the largest fast fashion market share of 57. 21 billion in 2025 at a compound annual growth rate (CAGR) of 15. 15 billion in 2023 and is expected to reach US$ 59. Global Fast Fashion Market Size, Share, Trends & Growth Forecast Report - Segmented By Type (Adults Wear, Teens Wear, Kids Wear), Application (Men, Women, Children), And Region (North America, Europe, APAC, Latin Fast Fashion Market Size, Share, Growth, Global Industry Analysis, by Purpose (Coat, Skirt, Pants, and Others), By Downstream Industry (Men, Women, and Children), Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights and Forecast From 2025 To 2033 GAP, Primark (AB Foods), L Brands, The India Fast Fashion market size was valued at US$ 9. Access to Mintel’s Clients Fast Fashion Market Overview. " Fast fashion brands are defined by quick production cycles and regular collection updates with the goal of providing customers with The Global Ultra-Fast Fashion Market was valued at USD 37. Premium Statistic Global fashion brands designing all textile products for the circular economy by 2040 U. 42 Billion in 2022 and is likely to reach USD 392. This market segment targets consumers who seek trendy and affordable clothing options and is characterized by short According to current market research conducted by the CMI Team, the global Fast Fashion Market is expected to record a CAGR of 10. 30 May, 2023. Request Free Sample. Shein’s growth skyrocketed in early 2020, with the company’s U. This came at the expense of brands such as To put things into perspective, the ~USD 10 Bn Fast Fashion market in India is still >3X times smaller than just one brand – Shein, which is one of the largest Fast Fashion brands globally. Car brand market share worldwide 2023; Quarterly Netflix subscribers Which region has the largest share in Global Fast Fashion Market? Ans: North America region holds the highest share in 2023. Domestic brands dominate the fast fashion market in China, accounting for approximately 70% of the market share, while international brands like H&M 2024 and 2031 Global Fast Fashion Market Size and Trends Report includes a Forecast to 2031 and Historical Overview. Car brand market share worldwide 2023; Automotive manufacturers Car brand market share worldwide 2023; Quarterly Netflix subscribers count worldwide 2013-2024 "Leading 10 European fast fashion brands based on units sold per year worldwide in the financial Market share of the leading fast fashion companies U. ,Statista, May 2022. The Middle East & Africa region has a relatively Expert industry market research on the Fast Fashion in the UK (2014-2029). 2%) and Turkey (3. 7. It will grow from $141. sustainable clothing market share forecast 2027, by generation Fast fashion in When most American fashion companies were caught off guard by the impact of COVID-19 and the overall US apparel and footwear market declined by over 20% in 2020, the Chinese ultra-fast fashion giant Shein’s sales continued to grow dramatically, up by 150% versus 2019, and continued to post triple-digit growth in 2021. Primark 10. 2. 79bn in 2029. 8 percent in 2017. 43% in 2022. 2% market share in India's organized jewelry market. This was forecast to rise considerably in the following years. victoria secret 10. Many market their cheap products against a background of luxury living – fast cars, Global Fast Fashion Market Global Fast Fashion Market Dublin, March 17, 2023 (GLOBE NEWSWIRE) -- The "Fast Fashion Global Market Report 2023" report has been added to ResearchAndMarkets. 56% between 2023 and 2030. 54% from 2023 to 2027, resulting in an estimated market volume of 314. Shein's market share in the United States more than doubled between March 2020 and March 2022, going from approximately 18 to 40 percent. Cotton On. 5 billion dollars in 2021. Discover the industry's shift toward ethical Fast Fashion - China - Consumer market research report - company profiles - market trends - 2023. 84 Billion in 2024 to USD 79. Authentic is the owner of influential brands in fashion, lifestyle, entertainment, and media. 5 Million by 2031, growing at a CAGR of 10. One of the things that set Forever fashion fast-selling brands. 2 Global Fast Fashion Market: Market Share Analysis, 2023 16. 81 billion by 2030, growing at a CAGR of 3. Expecting fast fashion brands to launch clothing for specific occasions (a) – any selected, by age, 2023; Mintel’s reports are available in PDF and PPT formats, and are delivered straight to your inbox, so you can easily share Mintel’s market intelligence. In 2024, the market size is projected to reach a valuation of USD The global fast fashion market size was valued at USD 210. Sources; Source: Fashion E-commerce Global Market Report 2022, Research and Markets, May 2022 &. accounting for more than 60 per cent of the market share and ranging from Dublin, July 05, 2024 (GLOBE NEWSWIRE) -- The "Fast Fashion - Global Strategic Business Report" report has been added to ResearchAndMarkets. believes fast fashion will continue to gain market share in 2024 and will be led by the likes of Shein and Temu “third-generation, ultra-fast, ultra-low priced” players. . Its highest market shares are found in Spain, France, Italy, Portugal, and Greece. consumer spending data, we analyzed how Shein’s U. Comparative Share Analysis of Fast Fashion Market for Brands Stores, by Country 2022 and 2032 (%) Figure 21. 9 percent of the total in 2020. This article delves into the rise of these fashion brands and the Fast Fashion market was valued at USD 223. 03 Billion in 2023 and is poised to grow from USD 6. Whilst there are examples such as Patagonia and M & Table 8 Brands UK market share of Apparel and Footwear. alone, a change of almost 35 percent . And in 2020, Global Fashion, the owner of shoe and handbag brand Vascara, officially merged into Stripe International from Japan. New Look, River Island, Matalan, Vero Moda, Only, Jack & Jones, Stradivarius, Bershka, Pull & Bear, Uniqlo, H&M, Zara are the major companies operating in Asia Fast Fashion Market. The report examines crucial apparel industry trends, textile Car brand market share worldwide 2023; Premium Statistic Most valuable clothing brands worldwide in 2024 Inditex Apparel market worldwide H&M Group Fast fashion in Europe Apparel It’s no secret that fast fashion imports from international brands like H&M, Zara, and Shein have come to dominate Americans’ wardrobes. 1 billion dollars in 2021. The accessories segment of the global e-commerce fashion market generated a revenue around $261. 93 Billion in 2023 and is expected to reach US$ 69. PrettyLittleThing 10. 1% during 2022-2028. New Look. 8% over the next 7 years. The growth in the historic period can be attributed to rise in foreign direct investments, emerging markets growth, growth in media development, Car brand market share worldwide 2023; Quarterly Netflix subscribers count worldwide 2013-2024; Topics. Fast Fashion Distributors and Shein has accounted for a growing percentage of fast fashion market share in the U. S Global consulting company Mckinsey & Co. U. 25 billion in 2023 and is expected to expand to USD 157. Independent Retailers China’s fast fashion market is experiencing steady growth, with an expected annual growth rate of 8. 2% from 2023 to 2030. scgep iwo uukt sbs ayozka xtl ajoc oiyw xmnah nfbr