The Islamic Clothing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Islamic Clothing Global Market Report 2024, The Islamic clothing market size has grown strongly in recent years. It will grow from $74.52 billion in 2023 to $79.61 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increasing Muslim population, growth in online retailing, expansion of halal markets, rise of Islamic fashion weeks, and growth of e-commerce platforms.
The Islamic clothing market size is expected to see strong growth in the next few years. It will grow to $104.09 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing online retail, rising ethical fashion, increasing tourism and pilgrimage, improved retail infrastructure, growth of halal markets. Major trends in the forecast period include adoption of e-commerce platforms, advancements in textile technology, implementation of digital marketing strategies, development of modest fashion lines, advancements in retail technologies.
The increase in muslim population is expected to propel the growth of the Islamic clothing market going forward. The increase in the muslim population is attributed to higher fertility rates and younger age demographics compared to other religious groups. Islamic clothing helps the growing muslim population by fostering a sense of identity and community, while also catering to their cultural and religious needs in the fashion industry. For instance, in October 2021, according to the Indonesia Sharia Economic Festival, an Indonesia-based initiative of the Central Bank of Indonesia in partnership with all key stakeholders of Indonesia Islamic Economic and Finance industry, the global Muslim population, which was 1.9 billion or 25% of the global population in 2020, is projected to grow to 2 billion by 2030. Therefore, increase in Muslim population is driving the growth of the Islamic clothing market.
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The islamic clothing market covered in this report is segmented –
1) By Type: Abayas And Hijabs, Prayer Outfits, Burkha And Naqaab, Thobes And Jubbas, Sportswear, Other Types
2) By Application: Men, Women, Kids
3) By Distribution Channel: Online, Offline
Major companies operating in the Islamic clothing market are developing fitness hijabs to provide comfort and performance for active Muslim women. Fitness hijabs are specialized athletic head coverings designed for Muslim women engaging in sports and fitness activities. For instance, in June 2022, Lululemon, a Canada-based athletic apparel company, introduced workout hijabs for Muslim women, specifically designed for sports and fitness activities, featuring performance, pull-on, and scarf styles. These hijabs utilize advanced fabrics such as soft, sweat-wicking, quick-drying, four-way stretch fabric and Lycra, ensuring enhanced comfort and functionality. This initiative holds significance in the Islamic clothing market by addressing the rising need for sports-oriented hijabs, fostering inclusivity and cultural understanding within the athletic wear market.
The islamic clothing market report table of contents includes:
1. Executive Summary
2. Islamic Clothing Market Characteristics
3. Islamic Clothing Market Trends And Strategies
4. Islamic Clothing Market – Macro Economic Scenario
5. Global Islamic Clothing Market Size and Growth
…
32. Global Islamic Clothing Market Competitive Benchmarking
33. Global Islamic Clothing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Islamic Clothing Market
35. Islamic Clothing Market Future Outlook and Potential Analysis
36. Appendix
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