A primary driver of the apparel and footwear sales, the global sportswear market is projected to grow by 14.9 per cent from 2024-29.

As per a report by Euromonitor International, this growth will be fuelled by an increasing focus on health and wellness globally. Sportswear is fast becoming a staple in wardrobes worldwide as consumers increasingly focus on comfort and functionality.

Southeast Asia, Latin America, the Middle East and Africa regions are driving growth in global sportswear market as rapid economic growth and rising consumer spending in these regions offer brands significant growth opportunities.

With 33 per cent contribution, the Asia Pacific region is expected to register the highest growth in total value of apparel and footwear sales over this period.

In 2024, the global apparel and footwear market grew by 2 per cent as against 4.2 per cent growth registered by outerwear, 3.7 per cent by womenswear, 3.9 per cent by menswear and 5.9 per cent by footwear.

Till 2029, total global sales in these categories are forecasted to grow by 4.3 per cent as consumers preferences continue to shift with experience of shopping over the material value of goods being preferred.