The Global Jeans Market was valued at USD 74.7 Billion in 2022 and is projected to reach a value of USD 135.3 Billion by 2031 growing at a CAGR of 6.9% between 2023 and 2031. Jeans are low body apparels, made from a high-quality fabric. These are used by men, women, and children globally due to their comfort, style statement, and popularity. Jeans are trousers made from denim materials and are easily washable that do not require daily washing as they hardly get dirty easily.
Denim is a fundamental component of the casual wardrobe and has become a staple textile in the global apparel market. However, the COVID-19 pandemic has negatively impacted this market as it resulted in untimely and irregular functioning of supply chain of the apparel sector. This acts as a key restraint of the market expansion.
The report on the global jeans market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes |
Details |
Report Title |
Jeans Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016 - 2021 |
Forecast Period |
2023 - 2031 |
Segmentation |
Categories (Premium and Mass Produced), End-users (Men, Women, and Children), Sales Channels (Offline Stores and E-commerce) |
Regional Scope |
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
Key Players Covered |
are Levi Strauss & Co.; VF Corp.; The Gap, Inc.; H&M Hennes & Mauritz AB; Kering S.A.; Pepe Jeans S.L.; PVH Corp.; Bestseller A/S; and U.S. Polo Assn. |
Based on categories, the global jeans market is bifurcated into premium and mass produced.
The premium segment held substantial market share in 2020 and is expected to register a lucrative growth rate during the forecast period owing to high disposable income and standard of living of the prospective consumers. Additionally, the increasing brand consciousness and fashion trends influence the younger generation to buy expensive and premium jeans.
The mass segment, however, is projected to account for large share of the market as these jeans are produced at large and are widely available for a larger portion of consumers. These jeans also offer comfort and a style statement, at a more reasonable price.
Based on end-users, the market is segmented into men, women, and children.
The men segment accounted for a large share in the market in 2019 due to high demand for trendy and fashionable jeans by men. Moreover, availability of impressive design for men’s apparels and versatility of those jeans prove to be key drivers of the segment growth.
The women segment, however, is forecasted to witness robust growth in the coming years due to high per capita income and increase in the number of women working population. Adoption of innovative ideas for female’s apparels such as patched jeans or ripped jeans have dynamically changed the segment expansion.
Based on distribution channels, the global jeans market is bifurcated into offline stores and e-commerce.
The offline stores segment is projected to grow significantly during the forecast period as wide availability of variety of products and good customer service at the stores. Consumers prefer to shop for jeans through the offline mode to experience the customer services and for the touch-and-feel factor.
However, due to the spread of COVID-19 pandemic, the online segment has grown significantly and is anticipated to hold a key market share in the coming years owing to massive discount offers of various products. The ease of shopping at the comfort of one’s home and cashless payment is further expected to boost the segment growth.
In terms of regions, the market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America constituted a large share of the market in 2020 and is expected to dominate the market in the coming years due to widespread cultural significance of jeans in the region and extensive social media marketing conducted by key market players. Moreover, increase in standard of living and per capita income of a large number of population in both Canada and the US are driving the regional market growth.
However, the market in Asia Pacific is projected to expand at a significant CAGR during the forecast period due to rise in population and dynamic fashion trends which results in high demand for jeans.
Key players competing in the global jeans market are Levi Strauss & Co.; VF Corp.; The Gap, Inc.; H&M Hennes & Mauritz AB; Kering S.A.; Pepe Jeans S.L.; PVH Corp.; Bestseller A/S; and U.S. Polo Assn.
These players are actively engaged in several business development strategies including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to strengthen their geographical presence and increase their market share.
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