Global Fast Fashion Strategic Report 2024: Market

Dublin, July 05, 2024 (GLOBE NEWSWIRE) — The “Fast Fashion – Global Strategic Business Report” the report has been added to ResearchAndMarkets.com's offer.

The global fast fashion market was valued at approximately US$ 111.4 billion in 2023 and is projected to reach US$ 184.7 billion by 2030, growing at a CAGR of 7.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Sustainability concerns are increasingly present in consumer consciousness, influencing a change within the fast fashion industry. Awareness of the environmental and ethical implications of fast fashion – such as waste, pollution and working conditions – has led to increasing pressure for change. In response, some fast fashion brands are starting to integrate more sustainable practices, such as using recycled materials and reducing waste in their supply chains. Another important trend is the digitalization of fashion retail.

The use of artificial intelligence for inventory management, virtual fitting rooms and personalized marketing strategies are transforming the shopping experience, making it more efficient and tailored to individual preferences. Despite the growing awareness and appreciation of the benefits of circular fashion, fast fashion’s deep-rooted presence in consumer culture, especially among young people, makes it difficult to eliminate. The speed with which fast fashion aligns with ever-changing trends makes it particularly appealing to the younger demographic, highlighting a societal trend toward instant gratification and trend participation.

Key ideas:

• Market Growth: Understand the significant growth trajectory of the female gender segment, which is projected to reach US$ 112.5 billion by 2030 at a CAGR of 7.1%. The male gender segment is also projected to grow at a CAGR of 8.0% during the analysis period.
• Regional Analysis: Gain insights into the US market, estimated to reach $30.4 billion by 2023, and China, which is expected to grow at an impressive CAGR of 11.8% to reach $40.9 billion by 2030. Explore growth trends in other key regions, including Japan, Canada, Germany, and Asia Pacific.

Why buy this report:

• Detailed Market Analysis: Get in-depth analysis of the global Fast Fashion market, covering all major geographies and market segments.
• Competitive Insights: Gain insight into the competitive landscape, including market presence of key players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the global fast fashion market.
• Actionable Insights: Gain actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key questions answered:

• How is the global fast fashion market expected to evolve by 2030?
• What are the key drivers and constraints affecting the market?
• Which market segments will experience the highest growth during the forecast period?
• How will market shares of different regions and segments evolve by 2030?
• Who are the main players in the market and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in millions of US dollars from 2023 to 2030.
• In-depth regional analysis: Detailed information on key markets including the United States, China, Japan, Canada, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
• Company Profiles: Coverage of major players such as Authentic Brands Group LLC, Boohoo.com UK Limited, C&A Mode GmbH & Co. KG, and more.
• Free Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Attributes:

Report attribute	Details
Number of pages	371
Forecast period	2023 – 2030
Estimated Market Value (USD) in 2023	$111.4 billion
Projected Market Value (USD) by 2030	$184.7 billion
Compound annual growth rate	7.5%
Regions covered	Global

MARKET OVERVIEW

• Influencer Market Insights
• Global Market Trajectories
• Global Economic Update
• Fast Fashion – Market share of major global competitors in percentage in 2024 (E)
• Competitive Market Presence – Strong/Active/Niche/Insignificant for Global Players in 2024 (E)

MARKET TRENDS AND FACTORS

• Social media trends drive demand for fast-changing fashion styles
• Sustainability concerns drive shifts toward eco-friendly fast fashion options
• Economic fluctuations push consumers to spend on affordable clothing
• Consumer demand for instant gratification boosts same-day delivery services
• Influence of celebrity and influencer collaborations on brand popularity
• Growing consumer awareness of ethical practices shines a spotlight on brand transparency
• The role of fast fashion in shaping urban youth culture
• Growth of e-commerce platforms expands reach of fast fashion brands
• Adaptive clothing designs appeal to a broader market segment
• Revival of vintage and second-hand trends is hurting new sales
• Consumer data analysis drives targeted marketing strategies

FOCUS ON CERTAIN PLAYERS(Total 44 featured):

• Authentic Brands Group LLC
• Boohoo.com UK Limited
• C&A Mode GmbH & Co. KG
• Charlotte Russe, Inc.
• Cotton Australia Pty Ltd
• Nova Mode, LLC
• Fast Retailing Co., Ltd.
• Hennes & Mauritz AB
• Textile Design Industry, SA
• ITX USA LLC (Bershka)
• Pull and support
• PUNTO FA, SL (Mango Fashion Group)
• River Island
• Gap, Inc.
• Victoria's Secret & Co.

For more information about this report, visit https://www.researchandmarkets.com/r/tlgu4v

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• Global fast fashion market