WILMINGTON, Del., May 2, 2024 /PRNewswire/ -- The rising demand
from the fashion industry and the growing awareness of
environmental impact are projected to drive the global
sustainable swimwear market's growth during the forecast
period. The North America region
is predicted to witness prominent growth by 2032.
Allied Market Research has recently published a report, titled,
"Sustainable Swimwear Market Size, Share, Competitive Landscape
and Trend Analysis Report by Material Type, By End User, By
Application, By Distribution Channel: Global Opportunity Analysis
and Industry Forecast, 2023-2032." According to the report, the
global sustainable swimwear market size was valued at $7.8 billion in 2022, and is projected to reach
$16.2 billion by 2032, growing at a
CAGR of 7.7% from 2023 to 2032.
Download Sample Pages of Research Overview:
https://www.alliedmarketresearch.com/request-sample/A323341
Prime Determinants of Growth
The growing awareness of environmental impact, rising demand
from the fashion industry, and the regulations & policies
promoting sustainability are the factors expected to drive the
growth of the global sustainable swimwear market in the forecast
period from 2023 to 2032. However, the high costs and supply chain
complexities may restrict market growth in the coming future. On
the contrary, advancements in swimwear technology and the rising
demand for eco-friendly products are expected to offer remunerative
opportunities for the expansion of the sustainable swimwear market
during the forecast period.
Report Coverage & Details:
Report
Coverage
|
Details
|
Forecast
Period
|
2023–2032
|
Base Year
|
2022
|
Market Size in
2022
|
$7.8 billion
|
Market Size in
2032
|
$16.2
billion
|
CAGR
|
7.7 %
|
No. of Pages in
Report
|
320
|
Segments
covered
|
Material Type,
Application, Distribution Channel, End User, and Region
|
Drivers
|
Increasing awareness of
environmental impact
Regulations and
policies promoting sustainability
Growing demand from the
fashion industry
|
Opportunities
|
Technological
advancements in eco-friendly fabrics
Growing demand for
eco-friendly products
|
Restraints
|
Higher costs compared
to conventional options
|
Procure Complete Report (320 Pages PDF with Insights, Charts,
Tables, and
Figures): https://www.alliedmarketresearch.com/checkout-final/ca20419f3302fbca9037403ac7791101
Material Type: Repreve Sub-segment to be the Most Dominant
During the Forecast Period
The repreve sub-segment accounted for the largest global
sustainable swimwear market share of 48.4% in 2022 and is expected
to hold major share and rise at the highest CAGR of 8.1% during the
forecast period. This significant growth is mainly due to
increasing consumer preference for sustainability prompting the
demand for eco-friendly alternatives like repreve, which utilizes
recycled materials, resonating with environmentally conscious
consumers. In addition, repreve's performance attributes, including
water-repellency, strength, resilience, stretchiness, and
lightweight properties, cater to the demands of activewear,
appealing to athletes and fitness enthusiasts seeking both
sustainability and functionality in their clothing.
Application: Leisure Sub-segment to Flourish Immensely During
the Forecast Period
The leisure sub-segment held the largest market share of 61.3%
in 2022 and is predicted to grow at the highest CAGR of 8.0% during
the forecast period. This growth is majorly owing to the popularity
of sustainable swimwear for leisure activities due to its comfort,
durability, and style, essential for extended wear during beach
outings, pool parties, and water sports. Its versatility and
performance make it suitable for various leisure activities,
offering comfort, support, and freedom of movement, whether
lounging, playing sports, or exploring aquatic environments.
Distribution Channel: Offline Sub-segment to Hold Major
Market Share by 2032
The offline sub-segment accounted for the largest global
sustainable swimwear market share of 58.7% in 2022 and is expected
to hold major share by 2032. This significant growth is mainly
because retail giants like REI and Nordstrom stock sustainable
swimwear brands in their physical stores, offering customers the
opportunity for hands-on experience, ensuring proper fit and
quality. Besides, specialty stores provide a curated selection of
sustainable swimwear options in dedicated environments, fostering
community engagement and education around eco-friendly fashion
practices, driving consumer interest and adoption of sustainable
swimwear.
End User: Women Sub-segment to Witness Robust Growth During
the Forecast Period
The women sub-segment held the largest market share of 65.5% in
2022 and is predicted to continue to hold major share and rise at
the highest CAGR of 7.9% during the forecast period. Women tend to
purchase swimwear more frequently due to fashion trends, body
image, and social expectations. With a wide range of options
catering to diverse preferences and body shapes, women can express
individuality and feel confident. Additionally, the creative
variety in women's swimwear styles, from bikinis to swim dresses,
offers further choices for personal style and modesty, contributing
to its popularity.
Region: North America Market to Hold Major Share by
2032
The North America sustainable
swimwear market accounted for the largest share of 31.7% in 2022
and is predicted to continue to dominate in terms of market share
by 2032. This growth is mainly owing to the growing awareness and
demand for eco-friendly fashion among consumers, fueled by
increasing environmental consciousness. Additionally, North America boasts a vibrant fashion
industry fostering innovation, promoting sustainable swimwear
brands like Summersalt and Outerknown. These brands prioritize
sustainability, utilizing recycled materials and responsible
production methods, appealing to eco-conscious consumers in the
region.
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Strategies:
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Leading Players in the Sustainable Swimwear
Market:
- SUMMERSALT
- Youswim Limited
- Vitamin A
- REY SWIMWEAR
- TomboyX
- Reformation
- Andie Swim
- Boden US
- Patagonia, Inc.
- Londre Bodywear
The report provides a detailed analysis of the key players of
the global sustainable swimwear market. These players are employing
various strategies including launching new products, entering
collaborations, expanding operations, forming joint ventures, and
signing agreements, all aimed at boosting their market share and
securing their competitive position across different regions. The
report is valuable in highlighting business performance, operating
segments, product portfolio, and strategic moves of market players
to showcase the competitive scenario.
Country wise Reports We Have in this Industry:
- Swimwear Market Opportunity Analysis and Industry Forecast,
2023-2032
- Athletic Swimwear Market Opportunity Analysis and Industry
Forecast, 2023-2032
- Boys and Swimwear Market Opportunity Analysis and Industry
Forecast, 2023-2032
- One Piece Swimwear Market Opportunity Analysis and Industry
Forecast, 2023-2032
- Men's Swimwear Market Opportunity Analysis and Industry
Forecast, 2023-2032
- Swimwear for Adults Market Opportunity Analysis and Industry
Forecast, 2023-2032
- Swimwear Fabric Market Opportunity Analysis and Industry
Forecast, 2023-2032
- Women Sports and Swimwear Market Opportunity Analysis and
Industry Forecast, 2021-2031
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Market Research, is leading the organization toward providing
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through primary interviews with top officials from leading
companies of domain concerned. Our secondary data procurement
methodology includes deep online and offline research and
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industry.
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