The Asia Pacific Luxury Vegan Men’s Fashion Market would witness market growth of 8.7% CAGR during the forecast period (2021-2027).
The adoption of vegan men’s fashion products helps in keeping the environment free from chemicals and reduced carbon footprints because they are made from less harmful substances and easily decomposable raw materials. In addition, vegan fashion products can also help in preventing water from pollution since animal leather requires more water and they can even pollute groundwater and streams.
A growing number of customers are becoming aware that vegan and cruelty-free goods that are considered as ecofriendly, ethical, and sustainable may have a negative influence on the environment. Many premium vegan men's clothing manufacturers, such as Braintree Clothing, Komodo, Desideratum and Plantfaced Clothing have predominantly used polyester and rayon as a cruelty-free substitute to silk, which is extremely harmful to the environment and humanity.
Veganism is slowly gaining traction in Asia Pacific. In the region, the fashion industry is progressively incorporating cruelty-free and vegetarian fabrics into its designs. Furs have already been phased out of some of the most prestigious fashion businesses. Vegan leathers, which had previously been popular as a vegan substitute to leather in interior design, are now being used in the footwear industry as well. Vegan leathers are used by a number of well-known companies and designers in their unique designs.
The China market dominated the Asia Pacific Luxury Vegan Men’s Fashion Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,352 million by 2027. The Japan market is anticipated to grow a CAGR of 8.2% during (2021 - 2027). Additionally, The India market would exhibit a CAGR of 9.4% during (2021 - 2027).
Based on Distribution Channel, the market is segmented into E-commerce, Specialty Stores, Departmental Stores, Hypermarket/Supermarket, and Others Based on Product, the market is segmented into Footwear, Clothing & Apparel, and Accessories. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Luxury Vegan Men's Fashion Market is Projected to reach USD 29 Billion by 2027, at a CAGR of 8.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Komodo Fashion, Brave GentleMan, ECOALF, Carpasus GmbH, Wuxly Movement, Rapanui, A.BCH, Tact & Stone, and Thought Clothing.
By Distribution Channel
By Product
By Country
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