Muslim Fashion Market Size

And its fair to say awareness of the modest consumer is growing. The global Islamic clothing market size is expected to reach USD 8835 billion by 2025.

Malaysia Fashion Industry Market Demand 2018 Statista

As of 2018 the existing Muslim market size is approximately valued at 22 trillion US.

Muslim fashion market size. Muslims around the world spent 266 billion on clothing and footwear in 2013 according to a report on. 1 That growth is spurred primarily by 18bn Muslims who by 2050 will account for 31 of the worlds population. On the face of it its a smart play for any brand given the global Muslim clothing and apparel market is worth 270bn 207bn and is set to rise to 360bn 275bn by 2023 according to the State of the Global Islamic Economy Report 201819 by Thomson Reuters.

PRNewswire -- The global islamic clothing market size is expected to reach USD 8835 billion by 2025 according to a new report by Grand View Research Inc. Menurut data yang ada sampai pada Juli 2018 industri fashion domestik baru menguasai 19 pasar fesyen dunia. It is anticipated to register a CAGR of 5 over the forecast period.

The numbers point to an incredibly lucrative market. It is anticipated to register a CAGR of 50 over the forecast period. The global Islamic clothing market size is expected to reach USD 8835 billion by 2025.

Muslim Fashion Is A 254 Billion MarketBut Big Brands Cant Crack It Burberry and DKNY missed the mark but these startupsfounded by Muslim women who understand Muslim womennailed it. The global Islamic clothing market size was estimated at USD 597 billion in 2017 and is expected to witness a 50 CAGR in terms of revenue over the forecast period. Combined clothing spending by Muslims in the West and in OIC countries was 210 billion in 2014 and it is expected to rise to 327 billion by 2020.

Its no surprise that fashion houses like Dolce Gabanna Burberry Mango and DKNY have all ventured into the world of modest fashion but they are still having trouble tapping into Muslim consumer needs. Increasing expenditure by Islamic. Boom in modest fashion In 2015 Muslim women globally spent 44 billion US.

The Islamic fashion market is projected to grow by six percent annually to be worth 327 billion by 2020 according to new figures released ahead of a. Preferences for modest fashion wear coupled with increasing Islamic population is expected to drive the growth. Muslim spend on apparel and footwear is estimated to be worth 283 billion globally in 2018 and is projected to grow to 402 billion by 2024 according the latest State of the Global Islamic Economy report from Dinar Standard and Thomson Reuters.

The reason for the growing demand is clear. The global islamic clothing market size is expected to reach USD 8835 billion by 2025. Western labels are now trying to win a slice of the market.

The global Islamic clothing market alone is expected to reach 361 billion by 2023. In halal fashion mainstream retailers like Macys in the US and global brand HM have launched their own modest fashion lines while fashion magazines are featuring more Muslim models on. Its users flag inappropriate webpages and the browser has functions to remind Muslims of prayer times and kiblah the direction Muslims face when praying.

Increasing expenditure by Islamic population on lifestyle and apparels especially among the wealthy elite and traditional Middle Eastern population is expected to propel the product. Kemenperin menargetkan ingin meningkatkan market share busana muslim sehingga kontribusinya terhadap perekonomian nasional semakin bertambah. Malaysias clothing market demand is also fueled by the growth of the modest fashion industry.

In 2018 the global modest fashion industry was worth US283bna figure that is expected to balloon to US402bn by 2024. An estimated 44 billion was earmarked for modesty. According to a Thomson Reuters report in 2015 Muslim consumers worldwide spent 243 billion.

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