Global Denim Jeans Market Opportunities and Forecast 2023-2030

Denim Jeans Market Overview

The rising number of women joining the labor force, quick pace of urbanization, westernization in ways of life is giving rise to economies, and rising style cognizance are factors impelling development in the worldwide market for denim pants. The ongoing prominence of shaded denim sends more current styles and extends the scope of items that are accessible under this class. Furthermore, pants are additionally being viewed as great for different extraordinary events, aside from easygoing wear, including formal clothing as workwear. Also producing recharged interest in the classification. Over the forecast period, the demand for denim jeans will rise majorly due to the extension of global fashion trends to various countries, a change in lifestyles from the traditional approach towards the western viewpoint, the middle-class population's increased penchant for high-end and luxury design brands, and a growing acceptance for denim jeans at the workplace in the corporate world.

The covid-19 Impact on Denim Jeans Market:

Consumers across the globe are adjusting to the new normal and there is a noteworthy discrepancy in consumer behavior. Consumers purchasing habits, behavior, and attitudes have changed in light of COVID-19. People are shopping very consciously and are majorly centered on basic needs and are buying locally. Consumers are using digital commerce to play, learn, and connect to manage isolation and follow social distancing policy. The covid-19 has consistently impacted the shopping behavior of 9 in 10 consumers. Nearly 30-50 percent of the consumers have shifted towards online shopping from March 2020 to December 2020.
 
Denim Jeans Market Segment Overview



In 2021 and 2022 and in coming decade, online sales channel was the dominant and the largest market share holder in Denim Jeans market. The Online market for jeans, which holds equity of 17.7% in the global jeans market, is projected to see a growth of nearly 9.2% of CAGR over the coming seven years. The key reason for this is the online platforms forms convenient to customers. Consumers are turning towards online retail purchases, given the potential of retail outlets to negotiate lower products than heir physical counterparts and the elimination of the need to deal with lines and crowds.

Market Analysis, Insights, and Forecast – By Product Type
·      Regular Fit Denim Jeans
·      Slim Fit Denim Jeans
·      Loose Fit Denim Jeans

Market Analysis, Insights, and Forecast – By End-User
·      Denim Jeans for Men
·      Denim Jeans for Woman
·      Denim Jeans for Children

Market Analysis, Insights, and Forecast – By Sales Channel
·      Online
·      Offline

Denim Jeans Market Regional Overview

The industry has seen a significant increase in demand among the Chinese and Indian markets due to the buyers’ focus being primarily on the style and quality of the products. The youth of India, who have a financial advantage over their preceding generations due to a rise in purchasing power, has been the significant chunk of purchasers of denim jeans in Indian markets. New and more comfortable materials, affordable prices, and inclusive sizes local and international brands have contributed to denim's revival in India by 2023. In the Chinese context, the denim jeans market is predicted to rise owing to circumstances such as the influence of westernisation and modernisation, the increase in the number of women entering the workforce, and expanding fashion consciousness among customers

Denim Jeans Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
Denim Jeans Market Competitor overview

The global Denim Jeans market is focused on increasing its presence through agreements and collaborations. The main players which are working in it are Levi Strauss & Co., The Gap, Inc, VF Corporation, H&M, PVH Corp., Pepe Jeans, U.S. Polo Assn., Adidas, Detroit Denim Co, Diesel SpA, Tommy Hilfiger licensing, LLC.

·       Levi Strauss & Co.: In March of 2023, Levi Strauss & Co IPO raised about $675 million, making it one of the most extensive listings in the United States. The company offered a total of 36.67 million shares. The company’s initial plan of expanding operations in China, took a massive hit after the outbreak of the Covid-19 pandemic. This forced them to shut down 50% of its stores there. However, they continue to expand their userbase in China because the Chinese mainland accounts for a mere 3% of its revenue.

Denim Jeans market, Key Players

·       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
·       U.S. Polo Assn.

Frequently Asked Questions (FAQ) :

Q1. What is the total CAGR expected to be recorded for the Denim Jeans market during the forecast period?

Q2. Which segment is projected to hold the largest share in the Denim Jeans Market?

Q3. What are the driving factors for the Denim Jeans market?

Q4. Which Segments are covered in the Denim Jeans market report?

Q5. Which are the prominent players offering Denim Jeans ?