NEW YORK, Nov. 2, 2023 /PRNewswire/ — The Islamic Clothing Market is estimated to increase by USD 34.92 billion, accelerating at a CAGR of 7.32% during the forecast period, according to the research analysis by Technavio. The Islamic clothing market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer Islamic clothing market are Aab UK Ltd., Aaliya Collections Ltd., Al Mujalbaba, ANNAH HARIRI, Arabic Attire, Artizara, Bargello.com, EastEssence, Haute Hijab Inc., Inaya Collections, INNERMOD PTE LTD., Modanisa Elektronik Magazacilik ve Ticaret AS, Mushkiya Lifestyle Pvt. Ltd., MyBatua, Niswa Fashion, SHUKR, Sunnah Style Inc., Urban Modesty Inc., Veiled Collection, and Alhannah Islamic Clothing. The report provides a full list of key companies, their strategies, and the latest developments. Download Free Sample before buying
Islamic Clothing Market 2024 – 2028: Company Offering:
- Aab UK Ltd: The company offers Islamic clothing products such as abayas, maxi dresses, midis, kimonos, trousers, slip dresses, and modest swimwear.
- For details on companies and their offerings – Buy report
Islamic Clothing Market 2024 – 2028: Regional Analysis
By Geography, the market is classified as Middle East and Africa, APAC, Europe, North America, and South America.
Asia-Pacific (APAC) is expected to make a significant 40% contribution to the global market’s growth during the forecast period. Another region that presents substantial growth opportunities for companies is the Middle East and Africa (MEA). The increasing internet penetration in MEA and growing awareness of stylish Islamic women’s attire are favorable factors for market growth in this area. Additionally, the demand for fashion products is on the rise in African nations due to an increasing awareness of fashionable clothing. Several economic indicators, including a boost in disposable income and an increase in household spending, are expected to further fuel market expansion in the MEA region. These elements collectively propel market growth in both APAC and MEA during the forecast period.
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- Impactful driver- Rise in product visibility and accessibility through online retailing
- Key Trend – Growing adoption of omni-channel retailing
- Major Challenges – The availability of counterfeit products for Islamic clothing
Islamic Clothing Market 2024 – 2028: Market Segmentation
The market is segmented by product (ethnic wear, sustainable fashion, and sportswear), end-user (Islamic women and Islamic men)
The ethnic wear segment is expected to experience notable growth during the forecast period. The demand for ethnic attire fluctuates based on diverse factors, including cultural events, festivals, weddings, and various special occasions. Additionally, ethnic wear holds significant popularity among women across the globe, particularly in regions with rich cultural diversity like India, Pakistan, Bangladesh, and other South Asian countries. Moreover, in tandem with the fashion industry’s expansion and the increasing influence of globalization, many women are embracing fusion wear, which harmoniously blends traditional ethnic clothing with contemporary styles and trends.
Technavio Research experts has provided more insights on the market share of segments – View Free Sample Report
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Islamic Clothing Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 7.32%
YoY growth 2022-2023 (%)
Middle East and Africa, APAC, Europe, North America, and South America
Saudi Arabia, United Arab Emirates, Turkey, Indonesia, and Pakistan
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-User
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Originally published at https://www.prnewswire.com/news-releases/islamic-clothing-market-size-to-grow-by-usd-34-92-billion-from-2023-to-2028–market-is-fragmented-due-to-the-presence-of-prominent-companies-like-aab-uk-ltd-aaliya-collections-ltd-and-al-mujalbaba-and-many-more-301976200.html
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The post Islamic Clothing Market size to grow by USD 34.92 billion from 2023 to 2028 | Market is fragmented due to the presence of prominent companies like Aab UK Ltd., Aaliya Collections Ltd. and Al Mujalbaba, and many more first appeared on Beauty News.