According to the report published by Facts Factors, the global denim jeans market size was worth around USD 71,000 million in 2019 and is predicted to grow to around USD 88,000 million by 2026 with a compound annual growth rate (CAGR) of roughly 4% between 2020 and 2026. The report analyzes the global denim jeans market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the denim jeans market.
The denim jeans market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Denim Jeans market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Billion) from FY 2016 – 2026.
Key Insights from Primary Research
- Denim jeans, another big response, are expected to climb 4% annually.
- The global denim jeans market was worth 71,000 million in 2019 and predicted to reach 88,000 million by 2026.
- In 2019, 44% of end-users were men.
- In 2019, the “Economy” category made up 80% of product type segmentation.
Key Recommendations from Analysts
- We expect the North American market to expand 29% from 2019 to 2026.
- The U.S. denim business has always been strong, but customers faced tough competition in recent years.
- The Cotton CombinedLife Monitor found that approximately 70% of U.S. customers like denim.
- Raw material costs include commodities purchased by its raw materials, business, manufacturing supplies, and components.
- Europe’s denim jeans market has a 25% revenue share in 2018 and is expected to expand 3% from 2018 to 2023.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the Denim Jeans industry. The report analyzes and declares the historical and current trends analysis of the Denim Jeans industry and subsequently recommends the projected trends anticipated to be observed in the global Denim Jeans market during the upcoming years.