Islamic apparel industry expects high growth
HONG KONG – The Islamic fashion industry, which includes modest clothing, is expected to grow by 5.70% over the next eight years.
According to a market analysis conducted by various sources, the increase in Muslim population around the world has also increased the demand for Islamic clothing.
This market is expected to reach $122.63 billion in 2030, up from $78.77 billion in 2022.
According to the State of Global Islamic Economy report, Muslim consumer spending is estimated at $3 trillion in 2021. This means that the Islamic fashion industry has high growth potential in the coming years.
The favorable changes in international game regulations, allowing players to wear modest dress during sporting activities has also contributed to their market growth.
Already, leading global brands are active in the Islamic clothing market, producing ethnic clothing, sustainable fashion, abayas, hijabs, burkhas, niqabs, jubbas, and other items.
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