This report offers an analysis of both the historic and forecast data of the premium apparel market through 2027. It provides a brief of the key trends along with sales and growth across different regions and category groups. It also highlights the premium apparel brands and their current competitive position.
The global premium apparel market grew by 3.8% in 2022 to reach $422.2bn, only exceeding pre-pandemic levels by 5.9% as the pandemic caused many premium brands such as Ralph Lauren, Tommy Hilfiger to lose relevance due to their reliance on formal styles which fell out of favor with consumers. Lululemon, The North Face, and Lacoste all witnessed their shares jump in 2023, thanks to their desirable performance and athleisure propositions enabling them to capture continued demand for these categories since the onset of the pandemic. As consumers become increasingly aware of the environmental impact of overconsumption, shoppers will turn to premium brands that they perceive to uphold more sustainable practices and offer superior quality.
The global premium apparel market grew by 3.8% in 2022 to reach $422.2bn, only exceeding pre-pandemic levels by 5.9% as the pandemic caused many premium brands such as Ralph Lauren, Tommy Hilfiger to lose relevance due to their reliance on formal styles which fell out of favor with consumers. Lululemon, The North Face, and Lacoste all witnessed their shares jump in 2023, thanks to their desirable performance and athleisure propositions enabling them to capture continued demand for these categories since the onset of the pandemic. As consumers become increasingly aware of the environmental impact of overconsumption, shoppers will turn to premium brands that they perceive to uphold more sustainable practices and offer superior quality.
Key Highlights
Global Premium Apparel Market to grow at a CAGR of 5.9% between 2023 and 2027, to reach $557.0bn
Performance and athleisure brands came out on top in 2023
Growing environmental awareness will see more consumers trade up to premium brands in the coming years
Reasons to Buy
- Gain an understanding of the drivers of the Premium apparel market along with data, forecasts along with a region-wise and category-wise analysis
Table of Contents
- Executive Summary
- Key Trends in the Global Premium Apparel Market
- Global Market Size with Forecasts to 2027
- Regional Performance with Forecasts to 2027
- Category Performance with Forecasts to 2027
- Competitive Landscape: Leading Market Shares & Brand Profiles
- Appendix
- Methodology
- Contact the Publisher
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Lululemon
- Levi's
- Tommy Hilfiger
- Calvin Klein
- Ralph Lauren
- Victoria's Secret
- The North Face
- Coach
- Boss
- Lacoste
