The Latin America, Middle East and Africa Ethnic Wear Market is expected to witness market growth of 12.87% CAGR during the forecast period (2021-2027).
Various factors like the high pace of urbanization & globalization, growing fashion awareness, and shifting lifestyle of the consumers are estimated to bolster the growth of the ethnic wear market over the forecast period. There is a big list of occasions celebrated across different countries. Hence, these occasions is expected to surge the demand and growth of the ethnic wear market.
Some of the major factors contributing to the high growth of modern & organized approaches in the ethnic clothing category are comfort, convenience, and style. Numerous organized suppliers are providing ready-to-wear clothing products, which can attract the attention of millennials and gen Z.
The growing population of the female workforce and the rise in the overall population of females across this region are estimated to fuel the demand for ethnic wear in the region. Along with that, the increasing participation of women in various countries like Saudi Arabia is expected to propel the demand and growth of the ethnic wear market during the forecast period. Along with that, there are many countries of this region, which follow a traditional ethnic wear to represent their culture, which is gaining attraction and recognition from the world.
The Brazil market dominated the LAMEA Ethnic Wear Market by Country in 2020, and is expected to continue to be a dominant market till 2027; growing at a CAGR of 12% during the forecast period. The Argentina market is estimated to grow at a CAGR of 13.8% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 12.3% during (2021 - 2027).
Based on End Users, the ethnic wear market is classified into men, women, and children. Based on Distribution Channel, the ethnic wear market is bifurcated into online and offline. 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 Vedant Fashions Limited (Manyawar), Ochre and Black Private Limited (Global Desi), BIBA Apparels Private Limited, Elie Saab, Modanisa, Fabindia, and Shanghai Tang.
Scope of the Study
Market Segments Covered in the Report:
By End Users
- Men
- Women
- Children
By Distribution Channel
- Online
- Offline
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Vedant Fashions Limited (Manyawar)
- Ochre and Black Private Limited (Global Desi)
- BIBA Apparels Private Limited
- Elie Saab
- Modanisa
- Fabindia
- Shanghai Tang
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Table of Contents
Companies Mentioned
- Vedant Fashions Limited (Manyawar)
- Ochre and Black Private Limited (Global Desi)
- BIBA Apparels Private Limited
- Elie Saab
- Modanisa
- Fabindia
- Shanghai Tang
Methodology
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