"The universal Islamic Clothing Market report provides fundamental information about the industry, including definition, classification, application, industry chain structure, overview, and international market analysis. By collaborating with project managers, the DBMR team offers clients strategic insights into product development, key areas of growth, application modeling, technology use, acquisition strategies, exploration of niche growth opportunities, and new markets. This market research report also identifies the leading competitors and provides insights into the strategic industry analysis of the key factors influencing the Islamic Clothing Market industry. Market drivers and restraints are explained in the reliable Islamic Clothing Market report using SWOT analysis.
The Islamic Clothing Market research report considers key market dynamics of the sector. Additionally, this market report comprises crucial aspects of the market, including industry research, market sizing & forecast, competitive intelligence, market entry strategy, pricing trends, sustainability trends, customer insights, technology evolution, innovation trends, and distribution channel assessment. This market survey offers key information about the industry, important facts and figures, expert opinions, and the latest developments worldwide. The Islamic Clothing Market report can be relied upon for sure when contemplating key business decisions.
The increasing number of Islamic population along with shifting preference towards modest Islamic clothing fashion wear is expected to enhance the market growth. According to the State of Global Islamic Economy repost, Muslim consumer spending, including modest clothing, is projected to reach above USD 3.0 trillion by 2021 from USD 1.9 trillion in 2014. These figures represent a high growth potential for the Islamic fashion industry. Moreover, the increasing popularity of Islamic clothing owing to favourable changes in international game regulations further increases the market growth.
Data Bridge Market Research analyses that the islamic clothing market is expected to reach USD 122.73 billion by 2030, which is USD 78.77 billion in 2022, registering a CAGR of 5.70% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
Explore Further Details about This Research Islamic Clothing Market Report
https://www.databridgemarketresearch.com/reports/global-islamic-clothing-market
Islamic Clothing Market Scope and Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2023 to 2030 |
Base Year | 2022 |
Historic Years | 2021 (Customizable to 2015 - 2020) |
Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
Segments Covered | Product (Ethnic Wear, Sustainable Fashion, Sportswear), Type (Abayas and Hijabs, Prayer Outfits, Burkha and Naqaab, Thobes and Jubbas, Sportswear, Other), Applications (Islamic Man, Islamic Women) |
Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Market Players Covered | UNIQLO CO. LTD. (Japan), H&M (Sweden), MANGO (Spain), Tommy Hilfiger Licensing, LLC. (U.S.), Lu’an Jiaodian Clothing Co.,Ltd (China) |
Market Opportunities |
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Market Definition
Islamic clothing is any type of clothing such as abayas and hijabs, prayer outfits, burkha and naqaab, thobes and jubbas, sportswear and many other which is mainly designed to fullfill the religious rules of Islam. Islamic clothes are generally loose-fitting clothes and cover the whole body, except for the head, hands and feet. Islamic clothing is often decorated and brightly coloured with embroidery or patterns.
Global Islamic Clothing Market Dynamics
Drivers
- Growing Muslim population globally
According to the World Population Review in 2021, there are about 1.9 billion Muslims globally, making Islam the second-largest religion all over the globe. The Islam population is mostly split between around 340 million Shia Muslims and 1.5 billion Sunni Muslims, with some others belonging to smaller denominations. Indonesia is the largest Muslim country, where an expected 229 million Muslims are there. Islam is the dominant religion in various economies, including Iran, Afghanistan, Pakistan, Western Sahar and more. As a result of high population of Muslims all over the globe, the demand for the Islamic clothing increases which is expected to drive market growth in the forecast period.
- Rising popularity of Islamic clothing in sports industry
Increasing popularity of Islamic clothing in sports sector on account of favourable changes in rules and regulations of international games which is anticipated to increase the consumption of product. As a result, the consumer are highly investing in online retail distribution, which is anticipated to drive the market's growth. For instance, the brick and mortar strategy has adopted by Aab coupled with online retailing is likely to offer a competitive edge to the company.
Opportunities
- Increasing spending on modest clothing worldwide
According to the Circle H International, Muslims spent around US$277 billion on footwear and apparel in 2019, a rise of 4.2 percent from previous years. Muslim spending on footwear and apparel forecasted to reach around US$311 billion by 2024. Modest fashion was making a positive impact on the online, high streets and on the catwalk until the first quarter of 2020. Moreover, Style Theory which is a designer clothing rental platform in Singapore and Indonesia, raised around US$15 million in series B funding. Over the last few years, the demand for haute couture has increased in the Middle East. Furthermore, its modest fashion market has seen huge growth in the retail sector and outperformed the markets of China and Russia. Therefore, increasing spending on modest clothing worldwide is expected to generate lucrative opportunities for the growth of the market.
- Surging investments on Islamic clothing by major market players
The rapid growth and expansion of the Islamic clothing market is commanding attention and attracting huge investments in various countries worldwide. A few of the mainstream participants of fashion industry for Islamic clothing including Uniqlo, DKNY, Mango and Tommy Hilfiger. They have made several investments in this sector to fulfill consumers' increasing demand and introduce innovative clothing options. Hence, surging investments on Islamic clothing by major market players will likely to create immense growth opportunities for the market players in the market
Focusing points in the Islamic Clothing Market report
- Key trends in the Islamic Clothing Market place
- Major players and brands
- Drivers and restrains of the Islamic Clothing Market
- Strategies of key players and product offerings
- In-depth market segmentation
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