Portland, OR, December 08, 2020 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, “Plus Size Clothing Market raised $ 480.99 billion in 2019 and is expected to reach $ 696.71 billion by 2027, with a CAGR of 5.9% during the forecast period. The report provides in-depth analysis of major investment pockets, top winning strategies, drivers and opportunities, market size and estimates, competitive landscape and changing market trends.
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 Plus Size Clothing Market 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.
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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 driven the growth of the segment. .
On the basis of 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. In addition, the Asia-Pacific 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 households. and high income of this 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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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 businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas. AMR offers its services in 11 verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverage, Energy & Electricity, semiconductors and electronics, automotive and transportation, ICT and media, aerospace and defense and BFSI.
We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Each of the data presented in the reports we publish is extracted through primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.