The Asia Pacific Ethnic Wear Market would witness market growth of 11.64% CAGR during the forecast period (2021-2027).
There is a wide variety of ethnic wear available in the market including a single piece to an entire collection of items, which gives the identity to an individual associated with a particular ethnic group.
The term ‘ethnic group’ refers to individuals who have a common cultural heritage or historical tradition, generally related to the geographic location or language background. Similarly, ethnicity is the term used to define the mutual heritage of any ethnic group. Globalization has played a vital role in spreading a country’s culture and clothing to the world.
India is one of the major contributors to the regional ethnic wear market as there is a wide range of ethnic clothing offered by the country. The growing popularity of the Indian ethnic wear and its increasing demand from the rest of the world would propel the growth of the regional ethnic wear market over the forecast period. In addition, there is a high demand for ethnic wear in this region as people wear ethnic clothes on a daily basis, which is creating lucrative opportunities for the regional market players.
Along with that, expanding e-commerce sector, rising internet & smartphone penetration and a high number of festivals & occasions for wearing ethnic clothing are among the key determinants accelerating the growth of the regional ethnic wear market during the forecast period.
The China market dominated the Asia Pacific Ethnic Wear Market by Country in 2020, and would continue to be a dominant market till 2027; growing at a CAGR of 8.5% during the forecast period. The Japan market would witness a CAGR of 12.3% during (2021 - 2027). Additionally, The India market is anticipated to grow at a CAGR of 11.9% 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 China, Japan, India, Australia, South Korea, Singapore, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Ethnic Wear Market is Projected to reach USD 164.67 billion by 2027, at a CAGR of 10.82%
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.
By End Users
By Distribution Channel
By Country
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
