Fashion Apparel Global Market Report 2025

The fashion apparel market size has grown strongly in recent years. It will grow from $1.59 trillion in 2024 to $1.69 trillion in 2025 at a compound annual growth rate (CAGR) of 5.9%. The growth during the historic period is attributed to the rise of fast fashion trends, growing brand awareness, increasing demand for sustainable fashion, expanding urbanization, and greater penetration of e-commerce platforms.

The fashion apparel market size is expected to see strong growth in the next few years. It will grow to $2.09 trillion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth projected for the forecast period is driven by the increasing demand for sustainable and eco-friendly fashion, wider adoption of digital and AI technologies, a growing consumer preference for personalized apparel, a stronger focus on comfort and athleisure wear, and the expanding middle-class population in emerging markets. Key trends in the forecast period include advanced digital customization, innovations in smart textiles, the integration of augmented reality in shopping experiences, improvements in supply chain transparency, and new developments in circular fashion models.

The growth of the fashion apparel market is expected to be driven by the surge in online shopping. Online shopping involves purchasing goods or services through websites or mobile applications. Its rise is attributed to the convenience it offers, including 24/7 access and easy product comparisons, allowing consumers to shop anytime from home and make well-informed choices. This convenience makes fashion apparel more accessible and appealing to a wider audience. With a vast range of styles, sizes, and brands available with just a click, consumers can effortlessly explore and buy the latest trends without visiting physical stores. For example, a report by the United States Department of Commerce in May 2025 noted that e-commerce sales increased by 5.6% (±0.9%) in the first quarter of 2025 compared to the same period in 2024, while total retail sales grew by 3.2% (±0.4%). Thus, the rise of online shopping is propelling the growth of the fashion apparel market.

Leading fashion apparel companies are focusing on strategies such as launching exclusive online stores to improve customer experience, broaden their global reach, and boost direct-to-consumer (DTC) sales. An exclusive online store is a digital retail platform - either a website or app - that sells products unavailable through other online or offline channels. For instance, in October 2024, NIYARA India, a premium women’s fashion apparel brand based in India, launched its online store to meet the increasing demand for sophisticated yet affordable clothing for modern Indian women, marking its digital market entry. The brand seeks to make high-quality, globally inspired fashion more accessible to Indian women. The online store offers diverse collections, including evening gowns, dresses, shirts, trousers, and more, crafted with premium fabrics and detailed designs that combine luxury and comfort to help women express their individuality confidently.

In October 2022, Authentic Brands Group (ABG), a US-based brand management company, acquired Ted Baker plc for an undisclosed sum. Through this acquisition, ABG aims to broaden its portfolio in the fashion and lifestyle sector, capitalize on Ted Baker’s strong brand reputation, and enhance its global market presence via strategic brand management and operational synergies. Ted Baker plc is a UK-based fashion company specializing in fashion apparel.

Major players in the fashion apparel market are Louis Vuitton Malletier S.A., Christian Dior SE, Nike Inc., Adidas AG, Shein Group Ltd., H And M Group, Richemont SA, Chanel S.A., Hermes International S.A., PUMA SE, Lululemon Athletica Inc., Ralph Lauren Corporation, Next plc, Levi Strauss And Co., Under Armour Inc., Prada S.p.A., Burberry Group plc, LPP S.A., Moncler S.p.A., Boohoo Group plc.

North America was the largest region in the fashion apparel market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in fashion apparel report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the fashion apparel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Fashion apparel refers to clothing and garments designed not only for practical use but also to showcase current styles, trends, and personal expression. These items allow individuals to express their unique style and enhance their confidence while offering comfort and protection for different occasions.

The primary categories of fashion apparel include tops, bottoms, dresses, outerwear, activewear, footwear, and accessories. Tops, which cover the upper body, come in various styles such as shirts, blouses, T-shirts, and tank tops. They are made from a range of materials including cotton, wool, silk, synthetics, and others. Price ranges span luxury, premium, mid-range, and budget segments, with products distributed through channels like online retail, physical stores, department stores, and specialty shops. These products cater to diverse end users including men, women, and children.

The fashion apparel market research report is one of a series of new reports that provides fashion apparel market statistics, including fashion apparel industry global market size, regional shares, competitors with a fashion apparel market share, fashion apparel market segments, market trends and opportunities, and any further data you may need to thrive in the fashion apparel industry. This fashion apparel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The fashion apparel market consists of sales of maternity wear, kids wear, intimate apparel, ethnic or traditional wear, swimwear, loungewear and workwear. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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