North America Ethnic Wear Market By End Users (Men, Women, and Children), By Distribution Channel (Online and Offline), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The North America Ethnic Wear Market would witness market growth of 9.82% CAGR during the forecast period (2021-2027).
Ethnic wear refers to a specific clothing type, which is associated with a country, religion, or ethnic group. People wearing ethnic clothes represent their community, country, or religion. Ethnic clothing is famous for its elegance and charm since it showcases an exclusive range of clothing, which is available in different patterns, vibrant colors, and designs.
For example, the conventional glamour and richness of Indian wear are combined with the comfort and formality of western wear to manufacture a variety of fusion clothes, which can attract many consumers and contribute to the popularity of Indian ethnic wear across the globe.
According to the US Census Bureau 2018, the Indian diaspora in the US was approximately 4.8 million, which is estimated to rise across the region in the coming years. Due to this rising population of Indians along with the consistently changing fashion trends, the demand for ethnic wear, especially Indian ethnic wear would escalate the growth of the regional ethnic wear market over the forecast period. Also, increasing acceptance of various ethnic clothes within the fashion industry of this region would also support the regional market growth during the forecast period.
The USA market dominated the North America Ethnic Wear Market by Country in 2020, and would continue to be a dominant market till 2027, growing at a CAGR of 9.3% during the forecast period. The Canada market is poised to grow at a CAGR of 10.2% during (2021 - 2027). Additionally, The Mexico market is showcasing 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Ethnic Wear Market is Estimated to reach $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.
Scope of the Study
Market Segments Covered in the Report:
By End Users
By Distribution Channel
- Rest of North America
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
- Shanghai Tang
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