The North America Luxury Vegan Men’s Fashion Market would witness market growth of 8.3% CAGR during the forecast period (2021-2027).
Veganism is a lifestyle, in which a person eliminates all the animal-based products from their living being. By adopting veganism, customers can minimize their healthcare costs, decrease greenhouse gas emissions and reduce climate damages. Due to these benefits, people across the North America are adopting this way of living, and therefore, the demand for animal-based products has witnessed a decline in the last few years. This trend has been noticed by the companies and hence, they are implementing various strategies to gain a significant share in the vegan footwear segment.
Along with that, there is an increase in the population of animal lovers, growing initiatives by NGOs like PETA, who take a stand for animal abuse & animal rights and rising the trend of animal humanization, which are estimated to bolster the growth of the luxury vegan men’s fashion market over the forecast period.
The vegan men’s fashion market in North America is tremendously profitable. The vegan clothing is very common in the U.S. According to studies, as the economy rebounds from the tremendous shock of the COVID-19 pandemic, the tendency is projected to accelerate. The vegan men’s fashion market across this region would expand due to the increasing presence of various key market players, which are providing latest fashion wear to men that are vegan too.
The US market dominated the North America 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 $7,336.2 million by 2027. The Canada market is expected to witness a CAGR of 10.8% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 9.8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Luxury Vegan Men's Fashion Market is Estimated 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
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 