The Business Research Company’s Fast Fashion Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Fast Fashion Global Market Report 2023 evaluates fast fashion market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global fast fashion market is expected to grow from $173,899.99 million in 2026 at a rate of 13.8%. The fast fashion market size is then expected to grow at a CAGR of 6.70% from 2026 and reach $240,530.09 million in 2031.
Increasing penetration of social media is expected to drive the fast fashion market in the forecast period. Globally, social media penetration is increasing rapidly and is expected to reach 4.41 billion by 2025. Social media channels connect influencers and fashion icons to people through their social feed and people come to know of the latest trends and other aspects of fashion. These people then use social media to make purchases also. For example, in April 2022, advertisements are now almost completely unavoidable on any existing platform. While initially created as a social network to connect with friends, apps have now shifted their platforms to form a more curated, ad-target based approach. Instagram, for example, moved familiar user interface around, to replace creator portals with algorithm-based shopping. Similar strategies can be seen on Facebook, TikTok and many other platforms, even when ads must be acknowledged in posts. Social media is constantly pushing purchasable content onto its audience. Some of the most popular fashion retailers, like Zara, Urban Outfitters, and SHEIN, recreate new pieces from major fashion brands designed cheaply for the masses, producing entirely new stock for their stores nearly every week. Growth in social media and new integrated product offerings will positively influence the market for fast fashion.
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The fast fashion market segments in the report are:
1) By Gender: Men’s Wear, and Women’s Wear
2) By Age: Adult Wear, Teen Wear, and Kids Wear
The table of contents in TBRC’s fast fashion market report includes:
- Executive Summary
- Table of Contents
- List of Figures
- List of Tables
- Report Structure
- Introduction and Market Characteristics
- Market Trends
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- Global Fast Fashion Opportunities And Strategies
- Fast Fashion Market, Conclusions And Recommendations
- Appendix
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