Functional Apparel Market Size Worth $438.0 Billion By 2025 “The global functional apparel market is projected to reach USD 438.0 billion by the year 2025. It is anticipated to grow at a CAGR of 6.4% over the forecasted years, 2019 to 2025. Rising participation of people in workout activities for maintaining fitness and good health is the major driving force for the market growth.”
The global functional apparel market is projected to reach USD 438.0 billion by the year 2025. It is anticipated to grow at a CAGR of 6.4% over the forecasted years, 2019 to 2025. Rising participation of people in workout activities for maintaining fitness and good health is the major driving force for the market growth. Manufacturers are designing the apparel according to the current fashion trends that drives the demand for the product. There is a high demand for sportswear, active wear, apparel for the workforce and performance-enhancing apparel in developing nations like India and China, which proliferates the market growth. The active wear segment is specially designed to make them more fashionable and stylish considering the current trends emerging in the fashion industry. This factor is expected to accelerate the demand for this segment. The online distribution channel segment is projected to grow at a CAGR of about 6.8% during the forecasted period. An increase in the number of online retail shops and ease of browsing different varieties of products just by sitting at home has driven the growth of the segment. New online retail stores such as Koovs.com and Limeroad.com are attracting customers by giving them huge discounts and interesting offers. For designing apparel that is lightweight and durable, manufacturers are adopting new technologies that increase the overall product price. Moreover, several different materials such as cotton, wool, nylon, bamboo, polyester, and spandex are used to design the apparel. This also has contributed to the increase in the price of the product. These factors are estimated to hinder the growth of the functional apparel market in the upcoming years.
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