A senior analyst from AMR pointed out that the Asia Pacific plus size apparel market is expected to grow at the fastest CAGR during the forecast period.
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Allied Market Research has published a research report on the plus size clothing market. The report findings indicate that the global plus size apparel market generated USD 480,991.8 million in 2019 and is projected to reach USD 696,712.1 million by 2027, registering a CAGR of 5.9% from 2021 to 2027. The report offers valuable insights into changing market dynamics. , major segments, key investment pockets and competitive scenario for market players, investors, shareholders and new entrants.
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The report provides detailed information about drivers, restraints, and opportunities to help market players to design several growth strategies. Easy availability of fashionable and modern clothes in larger sizes, increasing overweight and obese population and increasing confidence of plus size women are expected to drive the growth of the global plus size clothing market . On the other hand, the complexity of plus size clothing manufacturing is expected to hamper the growth to some extent. However, the growing popularity of body positivity among people and the growth of online retail channels are expected to create many opportunities for the industry.
“Dynamic increase in obese population in recent past is one of the major factors that propels the market demand for plus size clothing. Besides, increasing consumption of high fashionable clothing consignments high-end and high-quality has led to an increase in the high-end category.Growth in large expenditures by the middle-class population on high-calorie foods, especially in developing economies, is expected to increase obesity rates , thereby generating opportunities in the plus size apparel market,” says Shankar Bhandalkar, Team Leader and Consumer Goods at Allied Market Research.
The report provides a detailed scenario of the impact of the Covid-19 pandemic on the global plus size clothing market. The COVID-19 outbreak has negatively impacted the growth of the global plus size apparel market due to the occurrence of lockdowns in various countries around the world. The closures have resulted in factories making non-essential items, including those for plus-size clothing, closing, which has negatively impacted its demand during the pandemic. This was mainly due to the strict restrictions imposed by the government, in order to curb the spread of the virus during the pandemic. Additionally, stringent import and export regulations and a decrease in consumer spending on non-essential items further compounded the impact on the market. However, the market should recover quickly.
The report offers detailed segmentation of the global plus size clothing market on the basis of type, gender, age group, price, and region.
By type, the casual wear segment held the largest market share in 2019, grabbing almost a third of the global market. The sportswear segment, on the other hand, is expected to quote the fastest CAGR of 6.4% during the forecast period.
On the basis of gender, the male segment held the majority market share in 2019, holding approximately of the global market. The female segment, on the other hand, is expected to quote the fastest CAGR of 7.50% during the forecast period.
Depending on the region, the North American market took the lion’s share in 2019, capturing more than a third of the global market. The Asia-Pacific region, on the other hand, is expected to quote the fastest CAGR of 6.50% during the forecast period.
The major players analyzed in the global plus size clothing market report are (H&M) Hennes & Mauritz AB, Ralph Lauren Corporation, Adidas AG (Adidas), PUMA SE, Nike, Inc. (Nike), ASOS plc, Capri Holdings Limited (Michael Kors), WHP Global (Anne Klein), Punto Fa SL (MANGO Inc.) and Under Armour, Inc.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unparalleled quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a focused vision to offer business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas.
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