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The global ethical fashion market is expected grow from $4.67 billion in 2020 to $5.84 billion in 2021 at a compound annual growth rate (CAGR) of 25.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $8.3 billion in 2023 at a CAGR of 9%.
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The ethical fashion market consists of revenues generated by the establishments that are primarily engaged in designing, production, retail, and purchasing of ethical fashion apparels. Ethical fashion is about designing and manufacturing clothes that care for people and communities while minimizing the impact on the environment. It focuses on both the social and environmental impact of fashion, and to improve the working conditions of laborers.
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The ethical fashion market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the ethical fashion market are Christian Dior SE, H&M AB, NIKE Inc, Adidas AG, Pact, Tentree, Everlane, Eileen Fisher.
The global ethical fashion market is segmented –
1) By Type: Fair Trade, Animal Cruelty Free, Ecofriendly, Charitable Brands
2) By Product: Organic, Manmade/Regenerated, Recycled, Natural
3) By End-User: Men, Women, Kids
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The ethical fashion market report describes and explains the global ethical fashion market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The ethical fashion report evaluates the market across each region and for the major economies within each region.
The countries covered in the global ethical fashion market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global ethical fashion market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Ethical Fashion Market Characteristics
- Ethical Fashion Market Product Analysis
- Ethical Fashion Market Supply Chain
- Key Mergers And Acquisitions In The Ethical Fashion Market
- Market Background: Paper, Plastics, Rubber, Wood And Textile
- Copyright And Disclaimer
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