Islamic Clothing Market Size, Share, Industry Trends Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Islamic Clothing Market


The global Islamic Clothing market size is projected to reach US$ 92.61 billion by 2026, from US$ 69.11 billion in 2020, at a CAGR of 5% during 2021-2026. Preferences for modest fashion wear coupled with increasing Islamic population is expected to drive the growth.

Islamic clothing is a symbolic type of modest clothing, which has been witnessing a rapid growth over the last few years. Rising financial predicament from the global recession in the fashion industry is projected to boost the demand for modest fashion, thus, driving the market over the forecast period.

Rising popularity of Islamic clothing in sports industry on account of favorable changes in regulations of international games is projected to boost product consumption. In addition, increasing consumer investments in online retail distribution is anticipated to drive the market growth. For instance, the brick and mortar strategy adopted by Aab along with online retailing is projected to provide a competitive edge to the company.

The consumer spending, among the Muslim population in food and lifestyle sector, including modest clothing, is estimated to reach over USD 3.0 trillion by 2021 from USD 1.9 trillion in 2014, according to the State of the Global Islamic Economy Report. These figures portray a high growth potential for modest fashion products and the Islamic fashion industry.

Rapid growth of the Islamic clothing market is commanding attention and attracting huge investments in several geographies globally. A few of the mainstream fashion industry participants including DKNY, Mango, Uniqlo, and Tommy Hilfiger have made several investments in the sector to meet the growing demand and to introduce innovative clothing options.

Various geopolitical issues are expected to restrain market growth in the Muslim majority economies in Western Europe and Middle East. In addition, customs, payments, and logistics issues with regards to online retailers are projected to hamper product penetration through e-commerce platforms.

Market Segmentation, Outlook & Viewpoint: Global Islamic Clothing Market

Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Ethnic and Womenswear

  
Abayas & Hijabs
  
Prayer Outfits
  
Burkha & Naqaab
  
Thobes & Jubbas
  
Others

Sustainable Fashion

Sportswear

Key Players, Recent Developments & Regional Insights: Global Islamic Clothing Market

Ethnic wear held the dominant market share of over 70.9% in terms of revenue, in 2017. The demand for ethnic wear including burkhas and hijabs is projected to witness significant growth owing to the increasing availability of products through various brands including Tommy Hilfiger, Dolce & Gabbana, and DKNY globally.

Sustainable fashion is the second largest product segment in terms of revenue. Islamic sustainable fashion is inspired by the modest dressing habit of Muslim women, which is a highly untapped market. Introduction of vibrant colored clothing has witnessed a revolutionary step in many Islamic geographies, driving the segment growth.

Islamic sustainable fashion is inspired from the modest ways that the Islamic women dressing such as covered hair, flowing lines, and a riot of colors inspired by Asian, African, and Arab heritage. These innovative clothing designs are created blending modern fashion trends while maintaining ethnicity. This is projected to witness significant growth in the fashion world.

Presently, sustainable fashion is a niche market. However, increasing investment by luxury and high street brands, such as Mango, Marks & Spencer, and H & M are expected to boost new product development in the segment. Rising availability of a variety of products is anticipated to further fuel the market growth.

Regional Insights

Middle East and Africa accounted for 41.2% of the global market share, in terms of revenue, in 2017. High Islamic population coupled with rising adoption of innovative modest clothing in countries, such as UAE and Egypt is anticipated to drive the regional demand. Rising population and consumer disposable income in several regional economies are the major factors driving the market growth.

Europe is anticipated to be one of the leading markets, being home to several leading fashion brands. These brands have significantly invested in Islamic clothing, which is the new and trending section of the fashion industry. Furthermore, rapid growth of young Muslim population in the region coupled with rising ethnic fashion trends is projected to complement market growth.

North America is expected to witness significant market growth on account of the increasing immigration of Muslim population. In addition, the presence of several multinational companies manufacturing these apparels is expected to complement regional growth over the forecast period.

Asia Pacific is expected to expand at a CAGR of 5.0% over the projected period on account of increasing penetration of designer clothing in countries, such as Indonesia, Malaysia, and India. However, challenges such as maintaining a balance between changing fashion trends and upholding core Islamic principles is expected to restrain the growth to some extent.

Islamic Clothing Market Share Insights

Market players are taking initiatives to in terms of innovation and collaborations in the market. For instance, Elzatta; an Indonesian fashion label has signed up with Raef Haggag, an American artist to be its brand ambassador. Such initiatives coupled with amendments in regulations have resulted in higher acceptance of clothing.

Companies, such as Nike are introducing clothing options such as sports hijabs, which will simplify issues for Muslim women participating in sports. These types of innovative products are anticipated to gain attention of the potential customer base from around the world.

Key Insights Covered: Global Islamic Clothing Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Islamic Clothing industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Islamic Clothing industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Islamic Clothing industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Islamic Clothing industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Islamic Clothing industry.

Research Methodology: Global Islamic Clothing Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other