Global Luxury Vegan Men's Fashion Market is valued at approximately USD 17.5 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 10.9 % over the forecast period 2021-2027. Luxury Vegan Men's Fashion refers to the luxury apparel which are vegan friendly, recycled, cruelty free, and fairly made. Luxury vegan fashionable ware focuses on more sustainable and ecofriendly accessories such as wood watches, vegan footwear etc. The rising innovation in the vegan fashion industry has led to the adoption of Luxury Vegan Men's Fashion across the forecast period. For Instance: according to PETA UK in 2021, companies are using innovative methods to promote luxury vegan fashion wearables, such as plant-based materials are preferred to create designs, woods, banana leather and faux fur are preferred in place of animals skin or wool trades. The growing number of vegan footwears start-ups pushes the market growth of luxury vegan men's fashion. However, environmental repercussions of vegan materials impede the growth of the market over the forecast period of 2021-2027. Also, with the increasing disposable income and rising consumer spending on luxury products, the adoption & demand for luxury vegan men's fashion is likely to increase the market growth during the forecast period.
The regional analysis of the global Luxury Vegan Men's Fashion market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the increasing textile and apparel market, high investment for the research and development of the fashion and textile industry. Whereas Asia-Pacific is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027. Factors such as rising disposable income and increasing shoppers who are interested to spend on cruelty-free, environment-friendly fashionable products would create lucrative growth prospects for the Luxury Vegan Men's Fashion market across Asia-Pacific region.
Major market players included in this report are:
Komodo Fashion
ECOALF
Brave GentleMan
Rapanui
Tact & Stone
THOUGHT CLOTHING
BARO
CARPASUS
Wuxly Movement
A.BCH
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Acute Accessories
Clothing & Apparel
Footwear
By Distribution Channel:
E-commerce
Hypermarket/Supermarket
Departmental Stores
Specialty Stores
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Luxury Vegan Men's Fashion Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Companies Mentioned
Komodo Fashion
ECOALF
Brave GentleMan
Rapanui
Tact & Stone
THOUGHT CLOTHING
BARO
CARPASUS
Wuxly Movement
A.BCH