Published Date: 28-Feb-2022
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According to a new report Global Luxury Vegan Men’s Fashion Market, published by KBV research, The Global Luxury Vegan Men’s Fashion Market size is expected to reach $29 billion by 2027, rising at a market growth of 8.7% CAGR during the forecast period.
The Specialty Stores market shows highest growth rate of 8.9% during (2021 - 2027). Specialty stores concentrate in the distribution of specific items, such as high-end vegan men's clothing in this example. In addition, specialty stores, unlike mass merchandisers, are smaller format businesses that specialise on specialist items. These stores are strategically placed in cities across the country because they cater to a specific group/type of shopper.
The Footwear market acquired maximum revenue share in the Global Luxury Vegan Men’s Fashion Market by Product 2020, thereby, achieving a market value of $12.1 billion by 2027. The demand is being driven by an expanding number of entrepreneurs that are entering into vegan footwear. In addition, several traditional footwear manufacturers, such as Adidas, Nike, and Rebook, are also selling vegan footwear in response to rising consumer demand. For example, Vessi Footwear Ltd, a 2017 company located in the United States, sells shoes made from recycled rubber and synthetic microfibers.
The North America market is the fastest growing region in the Global Luxury Vegan Men’s Fashion Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $10.1 billion by 2027. The Europe market is expected to witness a CAGR of 8.5% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 8.7% during (2021 - 2027).
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 Komodo Fashion, Brave GentleMan, ECOALF, Carpasus GmbH, Wuxly Movement, Rapanui, A.BCH, Tact & Stone, and Thought Clothing.
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