Global Halal Fashion Market Size To Worth USD 651.78 Billion By 2033 | CAGR Of 4.97%

Global Halal Fashion Market Size To Worth USD 651.78 Billion By 2033

According to a research report published by Spherical Insights & Consulting, the Global Halal Fashion Market Size is to Grow from USD 401.18 Billion in 2023 to USD 651.78 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 4.97% during the projected period.

Browse key industry insights spread across 225 pages with 124 Market data tables and figures & charts from the report on the "Global Halal Fashion Market Size, Share, and COVID-19 Impact Analysis, By Product (Apparel, Footwear, and Accessories), By Gender (Men and Women), By Distribution Channel (Hypermarkets & Supermarkets, Specialty Stores, Online, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/halal-fashion-market

Halal fashion respects Islamic norms of modesty and ethical considerations while enabling Muslims to openly express their cultural and religious identities. This growing awareness of and commitment to religious precepts, which offer spiritual consolation and a sense of authenticity, is driving the desire for apparel that complies with halal regulations. The rise in popularity of social media and Muslim fashion influencers has also played a significant role in the expansion of the halal fashion industry. Due to their importance and influence, more Muslims are being urged to examine and recognize these designs as awareness of the variety of halal fashion options grows. Furthermore, the fact that halal fashion gives women a sense of ease and confidence in their attire is one of its main motivators. This is especially important for those who feel uncomfortable in short or tight clothing. The fact that halal fashion usually incorporates ethical and ecologically friendly methods is another benefit. On the contrary, the inaccessibility of halal clothing in retail stores particularly in smaller Muslim population areas is restricting the market.  

The apparel segment holds the largest market share of the halal fashion market during the projected timeframe.   

Based on the product, the halal fashion market is divided into apparel, footwear, and accessories. Among these, the apparel segment holds the largest market share of the halal fashion market during the projected timeframe. Halal fashion clothing fulfills Islamic law's requirement for modesty on the part of Muslim consumers. This includes clothes that are made of fabrics that meet halal standards, fit loosely and properly conceal the body.

The women segment is anticipated to grow at the highest CAGR of the halal fashion market during the projected timeframe.   

Based on the gender, the halal fashion market is divided into men and women. Among these, the women segment is anticipated to grow at the highest CAGR during the projected timeframe. Women's awareness of the importance of dressing modestly according to Islamic teachings has grown, as has their loyalty to their religion. Because of their increased awareness of and dedication to religious traditions, there has been a growing need for clothing that reflects their principles, such as the modesty-required halal appearance.

The specialty stores segment holds the highest market share of the halal fashion market during the projected timeframe.   

Based on the distribution channel, the halal fashion market is divided into hypermarkets & supermarkets, specialty stores, online, and others. Among these, the specialty stores segment holds the highest market share of the halal fashion market during the projected timeframe.  Halal fashion specialty stores provide an extensive range of products that correspond to Islamic rules of modesty and material use. Customers may feel more confident knowing that the things they purchase are consistent with their moral and religious beliefs.

Asia-Pacific is expected to hold the largest share of the halal fashion market over the forecast period.

Asia-Pacific is expected to hold the largest share of the halal fashion market over the forecast period. The Asia Pacific region, which encompasses Bangladesh, Indonesia, and Malaysia, is home to the largest Muslim populace in the world, which explains their power. As the Muslim population grows, so does the need for clothing that adheres to halal and Islamic standards of modesty. This demographic trend is primarily responsible for the growing demand in the area for halal fashion.

Europe is predicted to grow at the fastest pace in the Halal Fashion Market during the projected timeframe. Modest fashion is becoming increasingly popular in Europe, not just among Muslims but also among non-Muslim consumers who value its comfort and style. Consequently, halal fashion is gaining popularity not only within Muslim communities but also among a larger audience.

North America's halal fashion market is propelled by the fashion industry's increasing variety as well as people's growing awareness of and respect for the region's many cultural customs and religious holidays. The need for products that satisfy their specific cultural and religious standards has grown as the Muslim population in the US has grown, such as halal fashion.

The market in the Middle East and Africa is growing quickly because of a confluence of cultural, religious, and social factors. Owing to the substantial Muslim population in the area, there is a growing need for halal fashion that follows Islamic principles including modesty and ethical manufacturing practices.

Major vendors in the halal fashion market are Modanisa, SUKAINA, An-Nahar, Dolce & Gabbana, Aab Collection, Inayah, Haute Hijab, SHUKR Islamic Clothing, Haf & Haf, The WRDS Clothing, and others.

Recent Developments

• In December 2023, Maheen Sadiq launched Polko, a convertible apparel line intended to reduce fashion waste and promote sustainability. The creative collection has fourteen different styles, making it suitable for a variety of events, including work and informal outings. Sadiq highlights the need to reduce the 92 billion tonnes of textile waste generated each year, pushing for aware and ethical shopping practices.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the halal fashion market based on the below-mentioned segments: 

Global Halal Fashion Market, By Product

• Apparel
• Footwear
• Accessories

Global Halal Fashion Market, By Gender

• Men
• Women

Global Halal Fashion Market, By Distribution Channel

• Hypermarkets & Supermarkets
• Specialty Stores
• Online
• Others

Global Halal Fashion Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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