Denim Products Market Trends, Industry Share, Growth Drivers, Business Opportunities and Demand Forecast to 2029

The global denim products market size is slated for considerable expansion owing to the increasing demand for online shopping of the denim products across the world, observes Fortune Business Insights™ in its report, titled “Denim Products Market, 2021-2028”.

The denim products such as jeans, jackets, and others have gained importance in recent years owing to their rising popularity among the majority of world population and the increasing demand for casual wear items especially from the teenage groups of people. Thus, this is a vital factor responsible for the growth of this market. Further, there are several online shopping websites such as Amazon, Flipkart, and others that offer a wide range of denim products with attractive discounts to the customers. Hence, the demand for online shopping of these products has increased in several regions of this market.

COVID-19 Impact:

The COVID-19 pandemic has affected all the major industries worldwide. Due to the closure of shopping malls and clothing stores during this pandemic, the sale of denim products has decreased, which is expected to hinder this market’s growth.

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Market Segmentation:

On the basis of product type, this market is divided into clothing- bottom wear, top wear, accessories, furniture, and others. By material, the market is classified into natural, recycled, and combination. Based on distribution channel, the market is categorized into convenience stores, hypermarkets and supermarkets, online stores, and others. In terms of geography, the market is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Highlights/Summary:

This report contains an in-depth analysis of the market drivers, trends, and restraints, along with a granular assessment of the various segments of the market. In addition, valuable insights into the regional opportunities impacting the market are also incorporated into the report, as well as a holistic examination of the major market players and their dominant strategies.

Drivers/Restraints:

Wide Availability of Denim Products across Distribution Channels to Fuel the Market

Nowadays, several distribution channels such as supermarkets, convenience stores, and others are offering a variety of denim products with huge discounts in order to attract maximum number of customers across several regions. This has led to a positive impact on the growth of this market. For instance, as per the data published by the US Department of Commerce, there are approximately 667 men clothing stores in the US as of July 2019.

Regional Insights:

Rising Consumption Value of the Apparel to Boost the North America Market Growth

North America region is projected to dominate in the denim products market share on account of the increasing consumption value of the apparel in the countries such as the US and Canada.

Asia Pacific region is anticipated to grow rapidly in this market owing to the increasing consumer inclination towards the branded clothes in the countries such as India and Bangladesh.

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Competitive Landscape:

Rising Production of Branded Denim Clothing by Key Players to Feed Competition

The leading companies in the denim products market are focusing on the rising production of branded denim clothing items such as jackets, jeans, shirts, and others in order to attract a large number of customers towards purchasing of such products. This has led to an increasing competition among key companies which will enable them to expand their business operations and widen their market footprint.

Industry Development:

September 2019: Levi’s Strauss & Co. acquired The Jeans Company (TJC) to sell their denim products through partner’s 80 stores situated in countries such as Chile, Peru, and Bolivia.

List of Key Players Covered in the Denim Products Market Report:

Levi’s Strauss & Co., Hennes & Mauritz AB, PVH Corp. Ralph Lauren Corporation, VF Corporation, phi.Denim, Kontoor Brands India Pvt. Ltd., ISKO, Kurabo Industries Ltd., Modern Demin Ltd.

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