The Latin America, Middle East and Africa Sports Apparel Market would witness market growth of 7.1% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 482.7 million units, showcasing a growth of 9.0% (2023-2030).
The workplace is another arena where sports-inspired attire has found its place. The casualization of work attire has paved the way for athleisure to enter professional spaces, reflecting a changing attitude towards dress codes and workplace culture. Sports blazers, performance-oriented dress shoes, and athleisure accessories have become elements of a modern professional wardrobe, balancing comfort and professionalism.
Furthermore, the market is not immune to the ever-evolving arena of fashion, with trends that reflect changing consumer preferences, technological advancements, and societal shifts. One prominent trend that continues to shape the market is sustainability. Consumers are increasingly conscientious about the environmental impact of their choices, leading brands to explore eco-friendly materials, ethical manufacturing practices, and sustainable packaging. The intersection of performance and sustainability drives innovation in materials, with the introduction of recycled fabrics, plant-based fibers, and other environmentally conscious alternatives.
E-commerce platforms offer a wide range of sports apparel options, allowing consumers in the LAMEA region to access diverse brands, styles, and price points. This variety caters to different preferences and contributes to the overall expansion of the market. According to the International Trade Administration data from 2019 to 2020, online sales in South Africa experienced a significant growth of 66% from 2019 to 2020, reaching a total value of over $1.8 billion (ZAR30 billion). In South Africa, one of the primary e-commerce product categories is clothing and apparel. Thus, the growing e-commerce sector in the LAMEA region will pose lucrative growth prospects for the regional market.
The Brazil market dominated the LAMEA Sports Apparel Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8,177.6 Million by 2030. The Argentina market is showcasing a CAGR of 7.7% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.8% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Discount Stores, Brand Outlets, Supermarket/Hypermarket, and E-Commerce. Based on End User, the market is segmented into Men, Women, and Children. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Under Armour, Inc., Adidas AG, Nike, Inc., PUMA SE (Groupe Artémis S.A.), Ralph Lauren Corporation, FILA Holdings Corporation, Lululemon Athletica, Inc., New Balance Athletics, Inc., Columbia Sportswear Company and ASICS Corporation.
The workplace is another arena where sports-inspired attire has found its place. The casualization of work attire has paved the way for athleisure to enter professional spaces, reflecting a changing attitude towards dress codes and workplace culture. Sports blazers, performance-oriented dress shoes, and athleisure accessories have become elements of a modern professional wardrobe, balancing comfort and professionalism.
Furthermore, the market is not immune to the ever-evolving arena of fashion, with trends that reflect changing consumer preferences, technological advancements, and societal shifts. One prominent trend that continues to shape the market is sustainability. Consumers are increasingly conscientious about the environmental impact of their choices, leading brands to explore eco-friendly materials, ethical manufacturing practices, and sustainable packaging. The intersection of performance and sustainability drives innovation in materials, with the introduction of recycled fabrics, plant-based fibers, and other environmentally conscious alternatives.
E-commerce platforms offer a wide range of sports apparel options, allowing consumers in the LAMEA region to access diverse brands, styles, and price points. This variety caters to different preferences and contributes to the overall expansion of the market. According to the International Trade Administration data from 2019 to 2020, online sales in South Africa experienced a significant growth of 66% from 2019 to 2020, reaching a total value of over $1.8 billion (ZAR30 billion). In South Africa, one of the primary e-commerce product categories is clothing and apparel. Thus, the growing e-commerce sector in the LAMEA region will pose lucrative growth prospects for the regional market.
The Brazil market dominated the LAMEA Sports Apparel Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8,177.6 Million by 2030. The Argentina market is showcasing a CAGR of 7.7% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.8% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Discount Stores, Brand Outlets, Supermarket/Hypermarket, and E-Commerce. Based on End User, the market is segmented into Men, Women, and Children. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Under Armour, Inc., Adidas AG, Nike, Inc., PUMA SE (Groupe Artémis S.A.), Ralph Lauren Corporation, FILA Holdings Corporation, Lululemon Athletica, Inc., New Balance Athletics, Inc., Columbia Sportswear Company and ASICS Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel (Volume, Million Units, USD Billion, 2019-2030)
- Discount Stores
- Brand Outlets
- Supermarket/Hypermarket
- E-Commerce
By End-user (Volume, Million Units, USD Billion, 2019-2030)
- Men
- Women
- Children
By Country (Volume, Million Units, USD Billion, 2019-2030)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Under Armour, Inc.
- Adidas AG
- Nike, Inc.
- PUMA SE (Groupe Artémis S.A.)
- Ralph Lauren Corporation
- FILA Holdings Corporation
- Lululemon Athletica, Inc.
- New Balance Athletics, Inc.
- Columbia Sportswear Company
- ASICS Corporation
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. LAMEA Sports Apparel Market, by Distribution Channel
Chapter 6. LAMEA Sports Apparel Market, by End User
Chapter 7. LAMEA Sports Apparel Market, by Country
Chapter 8. Company Profiles
Companies Mentioned
- Under Armour, Inc.
- Adidas AG
- Nike, Inc.
- PUMA SE (Groupe Artémis S.A.)
- Ralph Lauren Corporation
- FILA Holdings Corporation
- Lululemon Athletica, Inc.
- New Balance Athletics, Inc.
- Columbia Sportswear Company
- ASICS Corporation
Methodology
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