Global Fast Fashion Market Report 2021 – Market is Expected to Grow at a CAGR of 5.3% from 2025 and Reach $211,909.7 Million in 2030

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DUBLIN, Nov. 2, 2021 /PRNewswire/ — The "Fast Fashion Global Market Opportunities and Strategies to 2030: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com’s offering.

The global fast fashion market reached a value of nearly $68,634.9 million in 2020, having decreased at a compound annual growth rate (CAGR) of -3.0% since 2015. The market is expected to grow from $68,634.9 million in 2020 to $163,468.5 million in 2025 at a rate of 19.0%. The market is then expected to grow at a CAGR of 5.3% from 2025 and reach $211,909.7 million in 2030.

Growth in the historic period resulted from a rise in foreign direct investments, emerging markets growth, growth in media development, and technology developments.

Factors that negatively affected growth in the historic period were lack of resources, reductions in free trade, and increasing inventory levels. Going forward, increasing adoption of trendy clothes by the growing youth population, increasing penetration of social media, growing demand for sportswear and performance wear, and low-cost production will drive the growth.

Factors that could hinder the growth of the fast fashion market in the future include increasing transparency of poor working conditions, negative environmental impact, counterfeit products, limited cotton production, and the impact of COVID-19.

The fast fashion market is segmented by gender into males and females clothing. The female market was the largest segment of the fast fashion market segmented by type, accounting for 60.3% of the total in 2020. Going forward, the female segment is expected to be the fastest-growing segment in the fast fashion market, at a CAGR of 20.3% during 2020-2025.

The fast fashion market is also segmented by age into adult wear, teens wear, and kidswear. The adult market was the largest segment of the fast fashion market segmented by age, accounting for 85.9% of the total in 2020. Going forward, the teens wear segment is expected to be the fastest-growing segment in the fast fashion market, at a CAGR of 23.6% during 2020-2025.

The fast fashion market is also segmented by type into pants, shirts, dresses & skirts, coats, and other apparel. The other apparel market was the largest segment of the fast fashion market segmented by type, accounting for 33.9% of the total in 2020. Going forward, the dresses & skirts segment is expected to be the fastest growing segment in the fast fashion market, at a CAGR of 23.8% during 2020-2025.

The Asia Pacific was the largest region in the global fast fashion market, accounting for 29.7% of the total in 2020. It was followed by North America, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the fast fashion market will be South America, and the Middle East, where growth will be at CAGRs of 32.4% and 28.9% respectively. These will be followed by Africa, and Eastern Europe where the markets are expected to grow at CAGRs of 25.2% and 23.0% respectively.

The global fast fashion market is fairly fragmented, with large number of small players in the market. The top ten competitors in the market […]