Indian apparel market to grow 9% annually until 2025: Being Human COO

21 Aug '23

2 min read

Pic: Being Human Clothing

Insights

The Indian retail market's apparel sector holds a 7.9 per cent share, expected to grow at 9 per cent annually till 2025, said the COO of Being Human Clothing.
In his chat with Fibre2Fashion, he highlighted the casualwear market's growth, driven by lifestyle changes.
The pandemic has influenced trends like casualisation, athleisure, and online shopping.

The apparel and accessories segment in the Indian retail market holds a 7.9 per cent share and is anticipated to grow at 9 per cent annually until 2025, noted Vivek Sandwar, the COO of Indian fashion brand Being Human Clothing. In a recent interview with Fibre2Fashion, Sandwar shed light on the casualwear market in India, outlining its growth and transformation, especially in the context of the COVID-19 pandemic.

“The retail market in India is valued at $748 billion and is expected to grow at CAGR of 9.5 per cent to $1,077 billion in 2025. Some of the key reasons for the growth of the casualwear market in India include changing lifestyle, rising disposable income, workplace dress code evolution, rapid urbanisation, comfort, and versatility. As the growth of the casualwear segment is expected to be above average, one can see a lot of brands offering semi-casual and casual ranges,” he told F2F.

The pandemic has further influenced consumer behaviour, leading to a casualisation of wardrobes, the rise of athleisure, and an emphasis on sustainability and ethical fashion, observed Sandwar.

Conscious consumerism has gained momentum, with more people choosing eco-friendly and ethically produced apparel. The pandemic has also accelerated e-commerce and online shopping trends, which are likely to persist for convenience and safety reasons. Furthermore, the shift towards remote work has driven the demand for comfortable work-from-home attire, such as loungewear suitable for virtual meetings, he added.

Click here to read the full interview.

ALCHEMPro News Desk (NB)

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