Published Date: 24-Jan-2022
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According to a new report Global Ethnic Wear Market, published by KBV research, The Global Ethnic Wear Market size is expected to reach $164.67 billion by 2027, rising at a market growth of 10.82% CAGR during the forecast period.
The Women market dominated the Global Ethnic Wear Market by End User in 2020 thereby growing at a CAGR of 10.4% during the forecast period. It is due to the growing population of females and rising women workforces.
The Offline market dominated the Global Ethnic Wear Market by Distribution Channel in 2020, thereby growing at a CAGR of 10.4% during the forecast period. The growing consumer preference for buying high-end ethnic wear from physical retail stores would bolster the growth of the segment. Additionally, this purchasing model provides a better shopping experience to the consumers and makes it convenient for the consumers to know the exact size & quality of the products.
The Asia Pacific market dominated the Global Ethnic Wear Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $67.60 billion by 2027. The Europe market is expected to witness a CAGR of 9.8% during (2021 - 2027). Additionally, The North America market is expected to witness a CAGR of 9.8% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/ethnic-wear-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Vedant Fashions Limited (Manyawar), Ochre and Black Private Limited (Global Desi), BIBA Apparels Private Limited, Elie Saab, Modanisa, Fabindia, and Shanghai Tang.
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