According to the latest report by IMARC Group, titled “Premium Denim Jeans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global premium denim jeans market size reached US$ 9.0 Billion in 2022. Premium denim jeans are characterized by their use of top-tier materials, precise construction techniques, and attention to detail. They come in various styles, such as straight-leg, slim-fit, bootcut, and skinny jeans. They are also available in different washes, ranging from dark indigo to distressed looks, adding to their versatility and adaptability to different outfits. They offer a unique silhouette, allowing individuals to find jeans that suit their body shape and fashion tastes. They often utilize high-quality, raw, or selvage denim, which undergoes minimal processing and results in a more substantial and long-lasting material. They are produced to withstand wear and tear, making them a long-lasting addition to any wardrobe. They serve as a wardrobe staple for fashion-conscious individuals seeking elevated style and enduring quality in their clothing choices. They reflect the expertise of designers and artisans who prioritize quality over mass production. Furthermore, as they can retain their value and desirability for long periods, the demand for premium denim jeans is rising around the world.
Global Premium Denim Jeans Market Trends:
At present, the increasing demand for premium denim jeans, as they provide a luxurious look and elevate the overall style of an individual, represents one of the vital factors impelling the growth of the market. Besides this, the increasing purchase of sustainable and friendly denim made from organic cotton and recycled denim is contributing to the growth of the market. In addition, the growing emergence of conscious consumerism among the masses is offering a favorable market outlook. Apart from this, the increasing demand for jeans with stretchable fabrics, elastic waistbands, and other comfort-enhancing features is supporting the market growth. Additionally, the rising number of pure denim jeans brands providing services where customers can design their jeans, highlighting the importance of personalization, is strengthening the growth of the market. Moreover, increasing online shopping activities among individuals as it is convenient and offers a wide range of options in premium denim jeans is propelling the growth of the market. Looking forward, the market value is projected to reach US$ 12.2 Billion by 2028, expanding at a CAGR of 4.6% during 2023-2028.
- Based on the product type, the market has been segmented into skinny jeans, straight jeans, wide-leg jeans, flared jeans, and others. Currently, skinny jeans dominate the market, holding the largest share.
- On the basis of the age group, the market has been segregated into baby, teenager, adults, and elderly.
- Based on the distribution channel, the market is divided into specialty stores, supermarkets and hypermarkets, online stores, and others. At present, supermarkets and hypermarkets hold the maximum share in the market.
- On the basis of end-user, the market is segregated into women, men, and children.
- Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, North America is the leading market, accounting for the majority of the global share.
- The competitive landscape of the market has also been examined, with some of the key players being AG Adriano Goldschmied, Differential Brands Group Inc., Dl1961 Premium Denim Inc., Ermenegildo Zegna Holditalia, Gap Inc., Guess Inc., Kering, Levi Strauss & Co., LVMH, and Pvh Corp.
|Base Year of the Analysis
||Product Type, Age Group, Distribution Channel, End-User, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||AG Adriano Goldschmied, Differential Brands Group Inc., Dl1961 Premium Denim Inc., Ermenegildo Zegna Holditalia, Gap Inc., Guess Inc., Kering, Levi Strauss & Co., LVMH and Pvh Corp.
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