The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The ethical fashion market size has exhibited strong growth, increasing from $8.17 billion in 2023 to $8.83 billion in 2024, with a compound annual growth rate (CAGR) of 8.0%. The growth in the historical period can be attributed to the growth of emerging markets, a rise in foreign direct investments, and an increasing customer focus towards sustainable fashion. Looking forward to 2028, the market is poised for strong growth, reaching $12.05 billion with a CAGR of 8.1%. The anticipated growth in the forecast period is linked to rising awareness, social media impact, government initiatives, the environmental impact of fast fashion, and the growth of e-commerce. Key trends in this period include providing customers with compelling, tangible stories, incorporating recycling and upcycling to reduce wastage and minimize environmental impact, embracing animal-free leather to combat animal cruelty, and considering the use of natural materials. Additionally, investments in vegan fashion and entering into partnerships and collaborations are notable trends.

The ethical fashion market is experiencing growth driven by the growing awareness of the environmental impact of the textile industry. Customers are increasingly opting for ethical fashion materials due to concerns about the ecological consequences of traditional fabric production. The water-intensive nature of growing raw materials like cotton, flax, and hemp, coupled with the use of pesticides, poses environmental challenges. Manufacturing artificial fabrics like rayon from wood pulp contributes to the loss of old-growth forests and involves the use of harmful chemicals. In response to these environmental concerns, consumers are shifting towards eco-friendly materials, fostering growth in the ethical fashion market. The market size for ethical fashion is poised for expansion in 2023, 2024, and 2028, reflecting this shift in consumer preferences.

Get A Free Sample On The Ethical Fashion Market Report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=3980&type=smp

What Are The Key Trends That Influence Ethical Fashion Market Share Analysis?

Major companies in the ethical fashion market are forming strategic partnerships to better serve customers, promote sustainability, reduce environmental impact, and set higher standards for a responsible fashion supply chain. For example, in June 2023, Sheep Inc., a UK-based ethical fashion manufacturer, introduced the world’s first naturally negative carbon footprint t-shirt made from super-fine Merino wool. This t-shirt, created through collaborations with suppliers and manufacturers, features an NFC-enabled tag for complete transparency.

Which Market Players Are Driving Growth In The Ethical Fashion Market?

Major companies operating in the market are Eileen Fisher, LVMH Moët Hennessy Louis Vuitton (LVHM), Levi Strauss & Co, H&M Concious (H&M Group), Reformation, Everlane, Tentree, Patagonia, Inc., Wear Pact LLC, United By Blue, Brass Clothing, Ellie Kai, Fake Natoo, No Nasties, Hoomanwear, Maati, Hemp Kari, Maito, NEEMIC, People Tree Ltd, Tonlé, Shekudo, Boden, Sézane, Alternative Apparel, Thought Clothing, Ninety Percent, allSisters, Armed Angels, Beaumont Organic, Bibico, Finisterre, Gudrun Sjoden, Kitty Ferreira, Lowie, Madia & Matilda, Mud Jeans, Rêve en Vert, Organic Basics, HOPE Made in the World, Buki Akomolafe, Mayamiko, SOLEREBELS, Ksenia Schnaider, Only Me, Tennen, Amour Vert, Outerknown, Kotn, Hackwith Design House, Fair Trade Winds, Fair Indigo, Back Beat Co., Encircled, La Causa, Whimsy and Row, MATE The Label, Sotela, Ecologyst, Cariuma, Santista Jeanswear, Animaná, Splash Fashion, Retold Dubai, Asmaraia, LISA FOLAWIYO

How Is The Global Ethical Fashion Market Segmented?

The ethical fashion market covered in this report is segmented –

1) By Type: Fair Trade, Animal Cruelty Free, Eco-Friendly, Charitable Brands
2) By Product: Organic, Man-Made/Regenerated, Recycled, Natural
3) By End User: Men, Women, Kids

Read The Full Ethical Fashion Market Report Here

https://www.thebusinessresearchcompany.com/report/ethical-fashion-global-market-report

The Ethical Fashion Global Market Report 2024 provides an overview of the ethical fashionmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The ethical fashion market forecast analyzes ethical fashion market size, ethical fashion market share, leading competitor and their market positions.

The Table Of Content For The Ethical Fashion Market Include

1. Ethical Fashion Market Executive Summary
2. Ethical Fashion Market Segments
3. Ethical Fashion Market Size And Template Market Growth Rate
4.  Key Ethical Fashion Market Trends
5. Major Ethical Fashion Market Drivers
……
25. Key Mergers And Acquisitions In The Ethical Fashion Market
26. Top Ethical Fashion Companies
27. Ethical Fashion Market Opportunities And Strategies
28. Ethical Fashion Market, Conclusions And Recommendations
29. Appendix

Learn More About The Business Research Company

The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: