The Vegan Fashion Market is driven by Sustainability Concerns
The vegan fashion market involves clothing and accessories made entirely without animal products and by-products such as leather, wool, fur, silk, down and feathers. Vegan fashion opts for sustainable fabrics like hemp, bamboo, organic cotton, linen, Tencel, and synthetic fabrics. As animal welfare and environmental protection continue to rise up the public agenda, more consumers are consciously opting for vegan alternatives to traditional animal-derived materials. The global vegan fashion market offers a cruelty-free option to fast fashion while addressing various sustainability issues like food shortage, water scarcity, pollution and global warming.
The vegan fashion market is estimated to be valued at USD 518.05 Bn in 2024 and is expected to reach USD 837.33 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.1% from 2024 to 2031.
Key Takeaways
Key players operating in the vegan fashion market are SUSI Studio, Insecta Shoes Canada Inc. ROMBAUT, In The Soulshine, Della La LLC, Reformation, Alabama Chanin, Wawwa, Doshi FCSA, Hiareth Collective, Komodo Fashion, Brave Gentle Man, ECOALF, Rapanui, and Tact and Stone. These brands offer a wide range of animal-free apparel, footwear, and accessories made from plant-based and synthetic materials.
The Vegan Fashion Market Demand awareness about animal welfare and environmental protection has been driving the demand for vegan fashion globally
The vegan fashion market involves clothing and accessories made entirely without animal products and by-products such as leather, wool, fur, silk, down and feathers. Vegan fashion opts for sustainable fabrics like hemp, bamboo, organic cotton, linen, Tencel, and synthetic fabrics. As animal welfare and environmental protection continue to rise up the public agenda, more consumers are consciously opting for vegan alternatives to traditional animal-derived materials. The global vegan fashion market offers a cruelty-free option to fast fashion while addressing various sustainability issues like food shortage, water scarcity, pollution and global warming.
The vegan fashion market is estimated to be valued at USD 518.05 Bn in 2024 and is expected to reach USD 837.33 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.1% from 2024 to 2031.
Key Takeaways
Key players operating in the vegan fashion market are SUSI Studio, Insecta Shoes Canada Inc. ROMBAUT, In The Soulshine, Della La LLC, Reformation, Alabama Chanin, Wawwa, Doshi FCSA, Hiareth Collective, Komodo Fashion, Brave Gentle Man, ECOALF, Rapanui, and Tact and Stone. These brands offer a wide range of animal-free apparel, footwear, and accessories made from plant-based and synthetic materials.
The Vegan Fashion Market Demand awareness about animal welfare and environmental protection has been driving the demand for vegan fashion globally
09:32 AM - Nov 28, 2024 (UTC)
