A new report ‘Denim Jeans-Global Strategic Business Report’ by ResearchAndMarkets states, global denim jeans market will grow at a CAGR of 6.3 per cent from 2022-2030.
Currently worth $70 million, the market will reach $114.6 million by 2030. Most of this growth will be dominated by online sales that increase at 12 per cent during the analysis period. The offline channel, on the other hand, will grow by a 4.2 per cent CAGR to reach $77 million.
The growth in the global denim jeans market during the analysis period will be dominated by China that will grow at a 8.9 per cent CAGR to $25.9 per cent in 2030. Japan is forecasted to grow at 3.4 per cent while Canada will grow by 5.1 per cent over the 2022-2030 period. The growth in Europe will be dominated by Germany, which will grow at approximately 3.9 per cent CAGR.