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Monday, November 29, 2021
Home Functional Fashion Plus size clothing market to reach $696.71 bn by 2027

Plus size clothing market to reach $696.71 bn by 2027

In 2019, the global plus size clothing was valued at $480.991 billion and is projected to reach $696.71 billion by 2027, registering a CAGR of 5.9% from 2021 to 2027.

The market is expected to exhibit an incremental revenue opportunity of $215.8 billion from 2019 to 2027.

plus-size-clothing-market-2027
Figure: With the rise of the obese population, the plus-size clothing market is expected to grow. Courtesy: Collected

The rise in demand for plus-size clothing, owing to growth in the obese population, rise in confidence of consumers, and increase in the number of brands offering plus-size range garments has propelled the growth of the plus-size clothing market.

Though, high pricing for retailers and complexity in manufacturing curtail down the growth to a certain extent. As the availability of plus size clothing rises via Omnichannel retail so growth in brand presence in the industry offers a number of lucrative opportunities to the market players.

Based on 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 rule the roost during the forecast period.

Also, the casual wear segment contributed to nearly one-third of the global plus-size clothing market share in 2019 and is anticipated to lead the trail during the study period.

Besides this is attributed to the presence of a proportionately large male obese population and high spending on plus-size clothing.

On the other hand, the female segment is expected to manifest the fastest CAGR of 7.50% throughout 2027. There has been an increasing trend in the female obesity rates, which has driven the growth of the segment.

This is because of the growing adoption and acceptance of casual wear among consumers for social occasions. On the other hand, the sportswear segment would grow at the fastest CAGR of 6.4% by 2027.

The change in consumer choices and preferences and increasing inclination towards athleisure sportswear drive the growth of the segment.

On the other hand, on geography, in 2019 North America dominated the market with a major share, holding more than one-third of the global plus-size clothing market.

The factors such as availability of the largest obese population and the highest consumer spending on plus-size clothing in this region.

Moreover, the Asia-Pacific region is also anticipated to register the fastest CAGR of 6.50% during 2020 to 2027.

Due to the increasing average caloric intake per individual among the middle class and high-income households in this province.

The key players operating in the global plus-size clothing market analysis include (H&M) Hennes & Mauritz AB, Ralph Lauren Corporation, Adidas AG (Adidas), PUMA SE, Nike, Inc. (Nike), ASOS plc, Capri Holdings Limited (Michael Kors), WHP Global (Anne Klein), Punto Fa SL (MANGO Inc.) and Under Armour, Inc.

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