Global Ethnic Wear Market Analysis & Trends - Industry Forecast to 2030

Global Ethnic Wear Market Analysis & Trends - Industry Forecast to 2030

Ethnic Wear: Market Size

From $114.58 billion in 2024, the global Ethnic Wear market is projected to reach $206.33 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 10.3% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include increasing demand for ethnic wear, a rise in distribution channels through e-commerce, and rent-based models for renting ethnic garments.

Global Ethnic Wear Market: Market Dynamics
Increasing fashion awareness, rapid urbanization, and changing lifestyles are the factors driving the growth of the ethnic wear market.

On the other hand, the less acceptance of ethnic wear in the corporate world is likely to obstruct the profit boundaries. In addition, the increasing popularity of Indian ethnic wear across the globe will further boost the Ethnic Wear market.

Impact of COVID-19 on Ethnic Wear
The outbreak of the COVID-19 pandemic has affected various verticals of the business world. It is due to the imposition of various regulatory norms like lockdowns, social distancing, and travel bans across borders. The disruption caused across various sales channels along with the significant changes in the customers’ preferences and habits has also affected the overall ethnic wear market. Owing to the unavailability of raw materials and the shutdown of manufacturing units to curb the spread of the virus, the demand for ethnic wear has declined drastically. The shifting preference of the customers towards online shopping platforms due to the pandemic would support the demand and growth of the ethnic wear market in the upcoming years.

By End User

Men Segment Dominate the Market in 2024
The men segment made huge revenue in 2024 during the forecast period. The growing craze for fashion among millennials, the growing number of aspiring fashion designers, and the emergence of mass and digital marketing strategies by fashion brands have fundamentally changed the market for ethnic wear for men globally. Ethnic wear plays a major role during festivals and weddings. The evolving personal style and approach of fashion by men has created a significant amount of demand for ethnic wear in the coming years.

By Geography

Asia Pacific Region is Leading in the Global Market Place
Asia Pacific region is likely to have a huge demand in the forecast period. The e-commerce sector has in itself seen tremendous growth in the country. The opening up of the market by e-commerce platforms allowed local brands to compete globally. The increasing use of these platforms by Indian fashion brands has helped them to reach the global fashion market, leading to an increase in the international demand for Indian ethnic wears with buyers looking to purchase traditional embroidered sarees, kaftans, tunics, and kurtis that are available on online stores.

List of the Key Players Profiled in the Market Include:
• Biba Apparel
• Manyavar
• Shanghai Tang
• Shimamura co.
• Wacoal holding Corp.
• Thebe Magugu
• Lemlem
• Afrikrea
• Global Desi
• ELIA SAAB
• Modanisa

List of the Regions/Countries Profiled in the Market Include:
North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others