Islamic apparel market to grow to $122 billion by 2030
WASHINGTON – The Islamic apparel market will experience remarkable growth, reaching a staggering $122.73 billion by 2030.
According to a report by Data Bridge Market Research, the companies and individuals interested in this industry will benefit immensely in the coming years.
Rising Muslim population and growing preference for modest Islamic fashion are expected to drive the market growth.
According to the State of Global Islamic Economy report, Muslim consumer spending, including modest apparel, is expected to exceed $3.0 trillion by 2021.
This highlights the high growth potential of the Islamic fashion industry.
Data Bridge Market Research forecasts that the Islamic apparel market, which stood at $78.77 billion in 2022, will nearly double by 2030.
Islamic clothing includes a variety of garments, such as abayas, hijabs, prayer suits, burkhas, thobes, jubbas, and even sportswear.
These garments are usually loosely cut and cover the entire body, except for the head, hands, and feet, and are often decorated with intricate embroidery and colorful patterns.
Major players in the Islamic clothing market include UNIQLO CO. LTD. of Japan, H&M of Sweden, MANGO of Spain, Tommy Hilfiger Licensing, LLC. of the U.S., and Lu’an Jiaodian Clothing Co.,Ltd of China.
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