Industry Background:
The diagonally ribbed textile produced by twill weaving durable cotton warp and weft comes under the denim category textiles. Due to up surging apparel as well as textile industry is leading to increase the Global Denim Market Growth. Number of manufacturers are trying to adopt different production techniques to gain competitive edge by providing durable denims. The global denim market is primarily segmented according to the region type, and applications. Due to changing fashion and apparel trends as well as changing consumer preferences will lead to volatile growth of global denim market.
According to AMA Research, the market for Denim is expected to register a CAGR of 5.9% during the forecast period to 2028. This growth is primarily driven by Increasing Prevalence of Denim Apparels amongst Younger Generation
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Apparel, Accessories & Luxury Goods sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Canatiba (Brazil), Vicunha Textil S.A (Brazil), Sanko Holding (Turkey), Arvind (India), Aarvee Denims & Exports Ltd. (India), Nandan Denim Ltd. (India), Weiqiao Textile (China), Sudarshan Jeans (India), Black Peony (Group) Co. Ltd. (India), Orta Anadolu (Turkey), Jindal Worldwide (India), Etco Denim (India) and Raymond UCO (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In August 2023, Levi Strauss & Co. and The Hong Kong Research Institute of Textiles and Apparel (HKRITA) has Announced a multi-year research partnership to develop innovative denim technologies and sustainable practices. This partnership will focus on areas such as recycled materials, water-saving technologies
In November 2023, Levi's has Launched their "SecondHand" program, offering a curated selection of pre-owned Levi's jeans and jackets. This initiative aims to promote sustainability and circular fashion within the denim market.The global denim market is majorly concentrated to the Asia-Pacific Market. Around 50% of the denim is produced in Asia and most of it is produced in China, India, Pakistan, Turkey and Bangladesh. Maximum number of manufacturers are present in the global denim market. Thus, market is showing fragmented competition across the globe. Every manufacturer is trying to adopt product differentiation strategy to gain competitive edge.
Regulatory Insights:
According to European Commission’s Textiles and clothing legislation 1007/2011, “Textile products have to be labelled or marked whenever they are available on the market. The indication of the fiber composition of a product is mandatory at all stages of the industrial processing and commercial distribution of that product. In addition to this, all products containing at least 80% by weight of textile fibers, including raw, semi-worked, worked, semi-manufactured, semi-made, and made-up products are covered b
Influencing Trend:
Rising Demand for the Denim Shirts, Women's Denim with Flat Finish and Tonal Patchwork and Stretchable Denim Jeans by Blending Cotton with Synthetic Material
Market Growth Drivers:
Increasing Prevalence of Denim Apparels amongst Younger Generation and Technological Advancements in Apparel and Textile Market
Challenges:
Volatility in Raw Material Prices and Continuously Changing Fashion and Consumer Preferences
Restraints:
Threat of Substitutes such as yoga pants instead of Denim Jeans, Increasing Adoption of Inexpensive Woolen Wear and Complexities in Finding the Ideal Fittings
Opportunities:
Expanding Middle Class Population results in Steady Growth Opportunities, Recycled Denims Manufactured from Plastic and Other Materials and Increasing Urban Population as well as Disposable Income
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Denim Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Denim Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Denim players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Denim Study Sheds Light on
The Denim Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Denim industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Denim industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.