Islamic Clothing Market Size, Share, and Trends Analysis Report, 2018 – 2025, By Product (Ethnic Wear, Sustainable Fashion, Sportswear), By Region (Middle East & Africa, Asia Pacific, Europe), and Segment Forecasts
The global Islamic clothing market was valued at USD 59.7 billion in 2017 and is expected to grow at a 5.0% CAGR during the forecast period. Preferences for modest fashion clothing, combined with an increasing Islamic population, are expected to drive growth.
Islamic clothing is a symbolic type of modest clothing that has seen rapid growth in recent years. Rising financial difficulties in the fashion industry as a result of the global recession are expected to boost demand for modest fashion, driving the market over the forecast period.
The growing popularity of Islamic clothing in the sports industry as a result of favorable changes in international game regulations is expected to boost product consumption. Furthermore, rising consumer investments in online retail distribution are expected to drive market growth. For example, Arab’s brick and mortar strategy, combined with online retailing, is expected to give the company a competitive advantage.
According to the State of the Global Islamic Economy Report, consumer spending among Muslims in the food and lifestyle sectors, including modest clothing, is expected to exceed USD 3.0 trillion by 2021, up from USD 1.9 trillion in 2014. These figures show that modest fashion products and the Islamic fashion industry have a high growth potential.
The rapid growth of the Islamic clothing market is capturing attention and attracting massive investments across the globe. DKNY, Mango, Uniqlo, and Tommy Hilfiger, among other mainstream fashion industry participants, have made several investments in the sector to meet rising demand and introduce innovative clothing options.
Several geopolitical issues are expected to stifle market growth in Muslim-majority economies in Western Europe and the Middle East. Furthermore, customs, payment, and logistics issues for online retailers are expected to stymie product penetration through e-commerce platforms.
In terms of revenue, ethnic wear had a market share of more than 70.9% in 2017. The increasing availability of products from various brands such as Tommy Hilfiger, Dolce & Gabbana, and DKNY globally is expected to drive demand for ethnic wear such as burkhas and hijabs.
In terms of revenue, sustainable fashion is the second-largest product segment. Islamic sustainable fashion is inspired by Muslim women’s modest dressing habits, and it is a largely untapped market. The introduction of brightly colored clothing has been a game changer in many Islamic geographies, propelling segment growth.
Islamic sustainable fashion is inspired by modest Islamic women’s dressing, such as covered hair, flowing lines, and a riot of colors inspired by Asian, African, and Arab heritage. These innovative clothing designs are created by fusing modern fashion trends with ethnic elements. This is expected to grow significantly in the fashion world.