Published by Global Industry Analysts, a new report ‘Denim Jeans-Global Market Trajectory & Analytics’, estimates global denim market to grow at 4.7 per CAGR from 2021-2026 to reach $83.2 billion by 2026. It projects the offline segment will grow at 4.2 per cent CAGR and reach $71.8 billion by the end of the analysis period. Growth in the online segment is readjusted to a revised 7.4 per cent CAGR for the next 7-year period. China, the world`s second-largest economy, is forecast to reach a projected market size of $18.4 billion by the year 2026, trailing a CAGR of 7.5 per cent over the analysis period.

Among the other noteworthy markets, Japan and Canada are forecast to grow at 3 per cent and 3.8 per cent respectively over the analysis period. In Europe, Germany is forecast to grow at approximately 3.1 per cent CAGR. The US represents the biggest consumer of denim jeans worldwide and has the world’s largest per capita consumer of jeans. Increasing disposable income levels, higher fashion consciousness, and the shift towards casual dressing in the workplace are major factors driving demand for denim jeans in these regions.

A major portion of future growth in the denim jeans market is likely to emanate from developing nations such as China, India, South Korea, Brazil, Mexico, Turkey, the UAE, and Saudi Arabia.