The Sustainable Fashion Market size was valued at USD 7.45 Bn. in 2023 and the total Sustainable Fashion revenue is expected to grow by 8.2 % from 2024 to 2030, reaching nearly USD 12.94 Bn.
Sustainable Fashion Market Overview:
The sustainable fashion market is experiencing rapid growth, driven by increasing consumer awareness of the environmental and social impacts of the fashion industry. Consumers, especially from younger generations, are demanding more eco-friendly, ethical, and sustainable fashion options. This shift is encouraging brands to innovate and adopt sustainable practices, such as using recycled materials, promoting second-hand clothing, and offering repair and upcycling services. The market is being significantly shaped by initiatives like Patagonia’s Worn Wear program and collaborations like Adidas with Parley for the Oceans, which utilize recycled ocean plastic in footwear.
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What are Sustainable Fashion Market Dynamics?
The primary driver of the sustainable fashion market is the growing environmental consciousness among consumers, particularly Gen Z, who are increasingly concerned about the fashion industry’s impact on the planet. With rising awareness of issues such as waste, carbon emissions, and unethical labor practices, consumers are seeking brands that prioritize sustainability. Additionally, the UN Fashion Industry Charter for Climate Action, supported by major brands like Burberry, further propels the market’s growth by encouraging fashion companies to commit to reducing their environmental footprint.
Sustainable Fashion Market Trends:
Key trends shaping the sustainable fashion market include the rise of the second-hand market, driven by eco-conscious younger generations, and the increasing popularity of rental fashion platforms like Rent the Runway. Upcycling and repair services are also gaining traction, with brands like Levi’s and Patagonia leading the way in extending product lifecycles and reducing waste. Furthermore, the concept of “De-influencing,” where influencers promote minimalist fashion choices, reflects the growing desire for less consumption and more sustainable, circular fashion practices.
Sustainable Fashion Market Opportunities:
The sustainable fashion market presents opportunities for innovation in eco-friendly materials, such as biodegradable fabrics and recycled plastics, alongside the expansion of second-hand and rental fashion. The upcycling trend is gaining traction as it offers a sustainable alternative to fast fashion, and repair services provide a means for brands to extend the lifecycle of their products. Furthermore, there are emerging opportunities for companies to engage in circular fashion models, where the lifecycle of garments is fully considered, creating long-term sustainability and value.
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What is Sustainable Fashion Market Regional Insight?
The sustainable fashion market is experiencing growth across various regions, with Europe and North America leading in demand due to their strong environmental policies and eco-conscious consumers. In particular, the younger, eco-aware population in these regions is driving the trend towards more sustainable consumption. Meanwhile, Asia-Pacific is emerging as a potential growth area as brands and consumers in this region become increasingly aware of sustainability issues and shift towards more responsible fashion choices.
What is Sustainable Fashion Market Segmentation?
by Product Type
Clothing
Footwear
Accessories
Textiles
by Product Nature
Organic
Man-Made/Regenerated
Recycled
Natural
by Distribution Channel
Retail Stores
E-commerce
Sustainable Fashion Events
by Consumer Demographics
Eco-conscious Consumers
Mainstream Consumers
Brands and Organizations
by End-User
Men
Women
Kids
Some of the current players in the Sustainable Fashion Market are:
1. Allbirds
2. Amour Vert
3. Eileen Fisher Inc
4. Everlane
5. Mara Hoffman
6. Patagonia Inc
7. Reformation
8. Macy’s
9. ArmedAngels
10. ASOS Eco
11. Mud Jeans
12. Nudie Jeans
13. People Tree
14. Veja
15. wunderwerk
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Key Offerings:
- Past Market Size and Competitive Landscape
- Sustainable Fashion Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Sustainable Fashion Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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