PORTLAND, Ore., April 6, 2021 / PRNewswire / – Allied Market Research released a report titled “Plus Size Clothing Market by type (casual wear, formal wear, sportswear and others), gender (male and female), age group (under 15, 16 to 59 and 60 and over) and price (economic, middle and High End): Global Opportunity Analysis and Industry Forecast, 2021-2027“According to the report published by Allied Market Research, the global plus size clothing industry has $ 480.99 billion in 2019 and should reach $ 696.71 billion by 2027, with a CAGR of 5.9% during the forecast period.
Determinants in the market
The increase in demand for plus size clothing due to the obese and overweight population, the increasing trend towards body positivity and the increase in the confidence of plus size women due to the strong fashion advertisements and campaigns Promotional products are driving the growth of the plus size clothing market. However, high prices for retailers and the complexity of manufacturing are holding back growth to some extent. Additionally, the increasing availability of plus size clothing through omnichannel retailing and the growth of the brand’s presence in the industry provides a number of lucrative opportunities for market players.
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- The market suffered a massive loss during the covid-19 epidemic. Manufacturing processes were suspended in the initial phase of containment.
- The prolonged shutdowns have further resulted in supply chain disruptions. This in turn caused a shortage of raw materials.
- In addition, the government of various regions is issuing relaxations. This would help industries to resume their processes.
The casual clothing segment will dominate the market by 2027-
Based on type, the casual clothing segment contributed nearly a third of the global plus size clothing market share in 2019 and is expected to lead the way during the study period. This is due to the increasing adoption and acceptance of casual wear among consumers for social occasions. On the other hand, the sportswear segment is expected to experience the fastest CAGR of 6.4% by 2027. The shift in consumer choices and preferences and the growing inclination towards athleisure sportswear is driving the market. segment growth.
The male segment to lead the trial throughout the forecast period-
On the basis of gender, the male segment held the largest market share with around half of the global plus size clothing market revenue in 2019 and is expected to reign on the roost during the forecast period. This is attributed to the presence of a proportionately large obese male population and high expenditure on plus size clothing. On the other hand, the female segment is expected to post the fastest CAGR of 7.50% throughout 2027. There has been an upward trend in female obesity rates, which has resulted in the growth of the segment. .
The North America region to rule the roost by 2027-
Based on geography, North America dominated the market with a significant share in 2019, holding over a third of the global plus size clothing market. This is due to factors such as the availability of the largest obese population and the highest consumer spending on plus size clothing in this region. Asia Pacific The region is also expected to register the fastest CAGR of 6.50% between 2020 and 2027. This is due to the increase in the average calorie intake per person among middle-class and high-income households in this region. province.
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The main profiled players-
- (H&M) Hennes & Mauritz AB
- Ralph Lauren Company
- Adidas AG (Adidas)
- PUMA SE
- Nike, Inc. (Nike)
- ASOS plc
- Capri Holdings Limited (Michael Kors)
- WHP Global (Anne Klein)
- Punto Fa SL (MANGO Inc.)
- Under Armor, Inc.
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SOURCE Allied market research