Vegan Women’s Fashion Market - Global Industry Analysis

Vegan Women’s Fashion Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Consumer Goods Report Format : PDF Report Code: ZMR-6148 Status : Upcoming

Description

Global Vegan Women’s Fashion Market: Overview

The trend of veganism has not only taken the food sector by storm but also the fashion industry. The primary goal of vegan fashion is to completely stop the act of cruelty on animals that is caused by the fashion industry. Thus, vegan women’s fashion is completely cruelty-free and uses vegan fashion materials including soy silk, linen, pinatex (pineapple leather), and organic cotton.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Vegan Women’s Fashion Market: Growth Factors

The global vegan women’s fashion market is growing at a rapid rate. The growing trend of veganism is the foremost reason that is boosting the growth of the global market. Further, a large number of manufacturers of renowned brands entering the market due to its growing demand and availability of numerous comfortable & stylish apparels are some of the key aspects that are surging the growth of the global market. Previously, some of the materials used in stylish accessories and fashion items came from animals. Leather which is been extensively used in clothes, footwear, or handbags comes from the skin of cows, pigs, and also alligators. In addition to this, the skin of foxes, rabbits, lambs, coyotes, and beavers are used as animal fur. To collect their skin and process them into finished products, all these animals are slaughtered. Thus, the growing necessity to eradicate this animal cruelty and rise in activities against the use of animals for fashion purposes has led to the demand for vegan women’s fashion which in turn is contributing to the growth of the market. Additionally, vegan women’s fashion plays a vital role in protecting the planet as most of the material used in vegan women’s fashion is obtained from natural plant fibers such as hemp, organic cotton, bamboo, and many more. Also, vegan fashion accessories as well as clothing promote sustainability and are environment-friendly. All such factors coupled with highly affordable prices, the rapidly expanding e-commerce sector, and conscious lifestyle changes, especially among millennials, are driving the growth of the global vegan women’s fashion market. Furthermore, the growing investment of most of the countries on the vegan market may explore beneficial opportunities for the growth of the global vegan women’s fashion market during the forecast period. However, the low penetration of vegan fashion products in low- and middle-income countries may limit the growth of the global vegan women’s fashion market.

The outbreak of Covid-19 has severely hit most of the business sectors and the fashion industry is among them. The strict lockdown and restriction on movement across the world enforced the key manufacturers to cease all their operational units. Additionally, disruption in the supply chain affected the availability of the raw material. Also, change in consumer behavior and shut down of retail shops hampered the sales of vegan fashion accessories and clothing. Taking into consideration all these factors led to a setback in the growth of the global vegan women’s fashion market during the pandemic. Further, the emergence of successive Covid-19 waves in most of the countries across the world may also add up to the decline in the growth of the global market.

Global Vegan Women’s Fashion Market: Segmentation

The global vegan women’s fashion market is fragmented based on product, distribution channel, and region. Based on the product, the global vegan women’s fashion market is segregated into accessories, footwear, clothing, and apparel. Based on the distribution channel, the global market is split into E-commerce, specialty stores, departmental stores, hypermarkets/supermarkets, and others.

Global Vegan Women’s Fashion Market: Regional Analysis

In terms of revenue, during the forecast period, the global vegan women’s fashion market is expected to be dominated by North America. The growing demand for vegan clothing & accessories, the huge promotion of veganism, and the increase in activities against animal cruelty are some of the factors that are contributing to the growth of the market in this region. In addition to this, the growing demand for 100 percent organic and chemical-free clothing is also boosting the growth of the market in North America. Europe is anticipated to be the second-largest market due to the heavy investment of countries like the UK, France, and Germany in the vegan market. The market in Asia Pacific is estimated to grow rapidly due to the customer base expanding at a rapid rate.

Global Vegan Women’s Fashion Market: Competitive Players

Some of the dominant players that are operating in the global vegan women’s fashion market are GANNI, Hiraeth Collective, Reformation, THOUGHT CLOTHING, Stine Goya, Whimsy & Row, ENVELOPE 1976, FAITHFULL THE BRAND PTE.LTD, Mayamiko, and DESIGNED CLOTHES.

Global Vegan Women’s Fashion Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The growing trend of veganism is the foremost reason that is boosting the growth of the global market. Further, a large number of manufacturers of renowned brands entering the market due to its growing demand and availability of numerous comfortable & stylish apparels are some of the key aspects that are surging the growth of the global market. Furthermore, the growing investment of most of the countries on the vegan market may explore beneficial opportunities for the growth of the global vegan women’s fashion market during the forecast period.

Some of the dominant players that are operating in the global vegan women’s fashion market are GANNI, Hiraeth Collective, Reformation, THOUGHT CLOTHING, Stine Goya, Whimsy & Row, ENVELOPE 1976, FAITHFULL THE BRAND PTE.LTD, Mayamiko, and DESIGNED CLOTHES.

In terms of revenue, during the forecast period, the global vegan women’s fashion market is expected to be dominated by North America. The growing demand for vegan clothing & accessories, the huge promotion of veganism, and the increase in activities against animal cruelty are some of the factors that are contributing to the growth of the market in this region. In addition to this, the growing demand for 100 percent organic and chemical-free clothing is also boosting the growth of the market in North America.

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