Significant fluctuations are estimated for all segments over the forecast period for the online revenue share. Only for the segment Online, a significant increase can be observed over the forecast period. Here, the online revenue share exhibits a difference of 14.99 percent between 2019 and 2029. Find further statistics on other topics such as a comparison of the online revenue share in Russia and a comparison of the average revenue per capita in the Netherlands. The Statista Market Insights cover a broad range of additional markets.
The average revenue per capita is forecast to experience significant growth in all segments in 2029. As part of the positive trend, the average revenue per capita reaches the maximum value for all three different segments at the end of the comparison period. Particularly noteworthy is the segment Women's Apparel, which has the highest value of 39.24 U.S. dollars. Find other insights concerning similar markets and segments, such as a comparison of average price per unit (PPU) in Brazil and a comparison of revenue in France. The Statista Market Insights cover a broad range of additional markets.
Over the last two observations, the price per unit is forecast to significantly increase in all segments. This reflects the overall trend throughout the entire forecast period from 2019 to 2029. It is estimated that the price per unit is continuously rising in all segments. In this regard, the Men's Apparel segment achieves the highest value of 7.55 U.S. dollars in 2029. Find other insights concerning similar markets and segments, such as a comparison of volume in Vietnam and a comparison of revenue in Russia. The Statista Market Insights cover a broad range of additional markets.
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Vietnam menswear market size is projected to exhibit a growth rate (CAGR) of 4.02% during 2024-2032. The increasing influence of celebrity endorsements, the rising cultural diversity, the growth of fast fashion, the convenience and personalization offered by menswear subscription services, the escalating preference for versatile and comfortable clothing, and the rapid innovations such as augmented reality (AR) and virtual try-on experiences are some of the factors propelling the market.
Report Attribute
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Key Statistics
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Base Year
| 2023 |
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Growth Rate (2024-2032) | 4.02% |
Menswear refers to the broad category of clothing designed and tailored specifically for men, encompassing a diverse range of styles, garments, and accessories. From casual attire to formal ensembles, menswear caters to the varied preferences and occasions in a man's life. This category includes essentials such as shirts, trousers, jackets, suits, and jeans, along with a wide array of accessories like ties, belts, hats, and shoes. Menswear is influenced by cultural trends, fashion movements, and evolving societal norms, reflecting a dynamic and ever-changing landscape. Designers and brands play a crucial role in shaping men's fashion, introducing new silhouettes, fabrics, and color palettes to meet the demands of modern consumers. Whether expressing personal style, adhering to dress codes, or making a fashion statement, menswear serves as a means of self-expression, allowing men to protect their identity through the clothing they choose to wear. As fashion continues to evolve, menswear remains an integral aspect of the global apparel industry, continually adapting to the diverse needs and preferences of men across different cultures and lifestyles.
The market in Vietnam is majorly driven by the increasing emphasis on individualism and self-expression. As societal norms surrounding men's fashion relax, consumers embrace diverse styles that resonate with their identities. This shift has fueled a demand for a wider array of menswear options, ranging from classic styles to avant-garde and streetwear-inspired designs. Furthermore, the rise of e-commerce and digital platforms is another influential factor propelling market growth. Online retail provides consumers unparalleled accessibility to a vast array of menswear options, allowing them to explore and purchase items that align with their tastes from the comfort of their homes. This shift towards digital shopping has encouraged brands to enhance their online presence, offering convenience and an immersive shopping experience to tech-savvy consumers. Moreover, a growing awareness of sustainable and ethical fashion practices is catalyzing the market. With consumers increasingly prioritizing eco-friendly and socially responsible brands, the industry is witnessing a surge in sustainable menswear options. This aligns with a broader global movement towards conscious consumerism, driving market growth as brands incorporate ethical practices into their production and sourcing. Innovation in materials and design is contributing to market dynamics. Menswear brands are exploring novel fabrics, incorporating technological advancements, and experimenting with unconventional silhouettes to capture the attention of a fashion-forward audience. This commitment to innovation fosters creativity and ensures that menswear remains dynamic and relevant. Additionally, the blurring of traditional gender norms and embracing inclusivity in fashion have expanded the market's potential. Menswear brands are increasingly breaking away from traditional stereotypes, offering a more inclusive range of styles that cater to a diverse customer base. This, in turn, is providing a boost to the market.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on product type, season, and distribution channel.
Product Type Insights:
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The report has provided a detailed breakup and analysis of the market based on the product type. This includes trousers, denims, shirts and t-shirts, ethnic wear, and others.
Season Insights:
A detailed breakup and analysis of the market based on the season have also been provided in the report. This includes summer wear, winter wear, and all-season wear.
Distribution Channel Insights:
The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes supermarkets and hypermarkets, exclusive stores, multi-brand retail outlets, online stores, and others.
Regional Insights:
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The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
---|---|
Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Million |
Scope of the Report | Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
|
Product Types Covered | Trousers, Denims, Shirts and T-Shirts, Ethnic Wear, Others |
Seasons Covered | Summer Wear, Winter Wear, All-Season Wear |
Distribution Channels Covered | Supermarkets and Hypermarkets, Exclusive Stores, |
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License information was derived automatically
In 2024, after two years of decline, there was growth in the Vietnamese baby clothes market, when its value increased by 4.2% to $81M. Over the period under review, the total consumption indicated slight growth from 2012 to 2024: its value increased at an average annual rate of +1.6% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -4.2% against 2021 indices.
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Vietnam sportswear market size is projected to exhibit a growth rate (CAGR) of 3.60% during 2024-2032. The increasing athleisure trend, which blends sportswear with casual wear, the rising participation in sports and physical activities, and the growth of e-commerce and online shopping platforms represent some of the key factors driving the market.
Report Attribute
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Key Statistics
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---|---|
Base Year
| 2023 |
Forecast Years
|
2024-2032
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Historical Years
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2018-2023
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Market Growth Rate (2024-2032) | 3.60% |
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on product, distribution channel, and end user.
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License information was derived automatically
In 2024, the Vietnamese leather apparel market decreased by -1.5% to $60M for the first time since 2020, thus ending a three-year rising trend. Over the period under review, consumption saw a abrupt setback. The most prominent rate of growth was recorded in 2022 when the market value increased by 9.1% against the previous year. Leather apparel consumption peaked at $166M in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.
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In 2024, the Vietnamese non-knitted women apparel market decreased by -3.3% to $2.5B for the first time since 2021, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $3.3B. From 2015 to 2024, the growth of the market remained at a somewhat lower figure.
By Product Type:The market is segmented by product type into onesies, sleepwear, outerwear, bottom wear, and accessories. Recently, onesies have emerged as a dominant market segment due to their convenience and multi-purpose usage, making them a staple in baby wardrobes. The high demand for onesies is further supported by their growing availability in organic and eco-friendly fabrics, which appeals to environmentally conscious parents. Onesies also offer flexibility in design, often incorporating popular characters and themes, enhancing their appeal to both parents and children. Asia Pacific Baby Apparel Market Segmentation Emerging markets like Vietnam and the Philippines show strong growth potential in the baby apparel sector. By 2023, Vietnam's GDP per capita reached $4,347, indicating solid economic progress. Their youthful populations, rising middle-class incomes, and rapid urbanization create favorable conditions for baby apparel manufacturers and retailers. The increasing internet penetration also boosts e-commerce platforms, offering diverse baby clothing options.
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Vietnam athleisure market size is projected to exhibit a growth rate (CAGR) of 22.80% during 2024-2032. The increasing development of advanced fabrics that offer performance-enhancing features such as moisture-wicking, stretchability, and temperature control to provide high-quality, functional, and fashionable clothing options, is driving the market.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
| 2023 |
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
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Market Growth Rate (2024-2032) | 22.80% |
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type, product, distribution channel, and end user.
By Fabric Type:By fabric type, the market is segmented into organic cotton, polyester, wool, bamboo fiber, and blended fabrics. Among these, organic cotton dominates the market due to the increasing awareness among parents about the health benefits of using natural and non-toxic materials. Organic cotton apparel is hypoallergenic and soft, making it suitable for babies with sensitive skin. Additionally, the sustainability aspect of organic cotton has aligned well with the growing environmental consciousness among consumers, leading to its widespread adoption. By Product Type:The market is segmented by product type into onesies, sleepwear, outerwear, bottom wear, and accessories. Recently, onesies have emerged as a dominant market segment due to their convenience and multi-purpose usage, making them a staple in baby wardrobes. The high demand for onesies is further supported by their growing availability in organic and eco-friendly fabrics, which appeals to environmentally conscious parents. Onesies also offer flexibility in design, often incorporating popular characters and themes, enhancing their appeal to both parents and children. Asia Pacific Baby Apparel Market Segmentation Emerging markets like Vietnam and the Philippines show strong growth potential in the baby apparel sector. By 2023, Vietnam's GDP per capita reached $4,347, indicating solid economic progress. Their youthful populations, rising middle-class incomes, and rapid urbanization create favorable conditions for baby apparel manufacturers and retailers. The increasing internet penetration also boosts e-commerce platforms, offering diverse baby clothing options.
The Asia Pacific Baby Apparel Market is characterized by the presence of both global and regional players. The competition is intense, with companies focusing on product innovation, sustainable practices, and e-commerce expansion to maintain their market positions. Companies like H&M and Zara have a strong presence in the region, with their eco-friendly lines of baby apparel driving sales. In contrast, local players like FirstCry in India have carved a niche by providing affordable baby apparel with high local demand. Asia Pacific Baby Apparel Market Competitive Landscape By Fabric Type:By fabric type, the market is segmented into organic cotton, polyester, wool, bamboo fiber, and blended fabrics. Among these, organic cotton dominates the market due to the increasing awareness among parents about the health benefits of using natural and non-toxic materials. Organic cotton apparel is hypoallergenic and soft, making it suitable for babies with sensitive skin. Additionally, the sustainability aspect of organic cotton has aligned well with the growing environmental consciousness among consumers, leading to its widespread adoption. By Product Type:The market is segmented by product type into onesies, sleepwear, outerwear, bottom wear, and accessories. Recently, onesies have emerged as a dominant market segment due to their convenience and multi-purpose usage, making them a staple in baby wardrobes. The high demand for onesies is further supported by their growing availability in organic and eco-friendly fabrics, which appeals to environmentally conscious parents. Onesies also offer flexibility in design, often incorporating popular characters and themes, enhancing their appeal to both parents and children. Asia Pacific Baby Apparel Market Segmentation Emerging markets like Vietnam and the Philippines show strong growth potential in the baby apparel sector. By 2023, Vietnam's GDP per capita reached $4,347, indicating solid economic progress. Their youthful populations, rising middle-class incomes, and rapid urbanization create favorable conditions for baby apparel manufacturers and retailers. The increasing internet penetration also boosts e-commerce platforms, offering diverse baby clothing options.
The total retail sales of apparel and footwear e-commerce in Vietnam increased from 2017 to 2021. In 2021, apparel and footwear e-commerce retail sales in the country amounted to approximately 616.6 million U.S. dollars. The country's retail sales of this product category were expected to continue increasing and reach almost 1.4 billion U.S. dollars in 2026.
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Statistics illustrates market overview of garments and clothing accessories; babies', of synthetic fibres (not knitted or crocheted) in Vietnam from 2007 to 2024.
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Vietnam Home Textile Market Report is Segmented by Product (Bed Linen, Bath Linen, Kitchen Linen, Upholstery, and Floor Covering), End User (Residential and Commercial (Hospitality and Leisure, Hospital, Offices, and Other Commercial End Users)), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Platforms, and Other Distribution Channels). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.
This statistic shows the clothing market demand in Vietnam from 2011 to 2013, including a forecast until 2018. In 2012, market demand of the Vietnam clothing market was approximately 16.9 billion U.S. dollars.
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Statistics illustrates market overview of clothing accessories; made up, knitted or crocheted, knitted or crocheted parts of garments or of clothing accessories in Vietnam from 2007 to 2024.
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In 2024, after three years of growth, there was significant decline in the Vietnamese non-knitted men apparel market, when its value decreased by -15.1% to $2.3B. Overall, consumption, however, recorded a relatively flat trend pattern. Non-knitted men apparel consumption peaked at $2.8B in 2023, and then declined notably in the following year.
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The Vietnam Ecommerce Market Report is Segmented Into B2C E-Commerce (Beauty and Personal Care, Consumer Electronics, Fashion and Apparel, Food and Beverage, Furniture and Home) and B2B E-Commerce. The Market Size and Forecasts are Provided in Terms of Value in USD for all the Above Segments.
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The Trends of Vietnam Retail Market is segmented by Product Category (Food, Beverage and Tobacco Products, Personal Care and Household, Apparel, Footwear, and Accessories, Furniture, Toys, and Hobby, Industrial and Automotive, Electronics and Household Appliances, Other Products) and by Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Department Stores, E-Commerce, and Other Distribution Channels). The report offers market size and forecast values for the Vietnam Retail Market in USD million for the above segments.
Significant fluctuations are estimated for all segments over the forecast period for the online revenue share. Only for the segment Online, a significant increase can be observed over the forecast period. Here, the online revenue share exhibits a difference of 14.99 percent between 2019 and 2029. Find further statistics on other topics such as a comparison of the online revenue share in Russia and a comparison of the average revenue per capita in the Netherlands. The Statista Market Insights cover a broad range of additional markets.