The Latin America, Middle East and Africa Luxury Vegan Men’s Fashion Market would witness market growth of 11.2% CAGR during the forecast period (2021-2027).
As vegan culture is gaining more popularity among millennials and Gen Z, the demand for vegan products is also increasing, be it food items, fashion apparel, or footwear. In the last few years, footwear companies are manufacturing vegan footwear by using plants like bananas, mushrooms, and apples, along with that they are also using synthetic materials such as microfiber, polyurethane (PU), or rubber. Due to this, customers are highly inclined towards buying vegan footwear since they are stylish and do not contain animal-based materials like suede, leather, or wool.
Footwear is one of the crucial aspects of men’s fashion wear, which is also becoming sustainable and vegan. For example, Peta, a global organization working for ethical animal treatment, has issued guidelines for the footwear companies to use synthetic adhesives instead of animal-derived glues.
Vegan Men’s fashion products are being driven by a rising number of compassionate buyers who are keen to purchase high-quality, cruelty-free, and environmentally friendly stylish items. Vegan fashion is slowly drawing customers, due to the efforts of several well-known fashion designers in the region to promote the notion of ecological, sustainable, and vegan fashion.
The Brazil market dominated the LAMEA 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 $550.5 million by 2027. The Argentina market is poised to grow a CAGR of 11.8% during (2021 - 2027). Additionally, The UAE market would experience a CAGR of 10.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Luxury Vegan Men's Fashion Market is Predict to reach $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
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