Functional Apparel Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
The global functional apparel market size is expected to reach USD 438.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.4% over the forecast period. Increasing participation in fitness and sports activities and growing demand for performance boosting apparels, apparels for specific workforce, along with new active wear designs based on the latest fashion trends, are expected to increase the demand for functional wear products in the coming years. In addition, increase in disposable income and changing lifestyle of the people in emerging economies including China and India are anticipated to increase the market demand. Usage of functional athletic wear products is increasing in North America and Europe on account of continuous product innovation and technological advancement to meet the customer behavior and preferences. In addition, inducement of workout routine and inclination towards adventure and outdoor sports in the developing countries including, India, China, Bangladesh, and Thailand are expected to create new avenues for the global market. Functional apparels are made up materials that are anti-flammable, water resistant, sweat resistant, and durable in nature. Therefore, this evolution of wearing active wear in daily life to create an individual style statement is also a significant factor increasing the demand of functional wear. The young population is anticipated to significantly influence the demand of the