Vegan Fashion Market to Grow with a CAGR of 10.35% through 2029

Global Vegan Fashion Market is propelled by convergence of ethical consumerism, environmental sustainability, and continuous innovation in fashion trends and materials.

According to TechSci Research report, “Vegan Fashion Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the Global Vegan Fashion Market stood at USD 462.8 billion in 2023 and is anticipated to grow with a CAGR of 10.35% in the forecast period. The global vegan fashion market is witnessing considerable growth, fueled by a heightened awareness of animal welfare, environmental sustainability, and ethical fashion practices. Vegan fashion, characterized by the exclusion of animal-derived materials such as leather, wool, and silk, features products made from synthetic, plant-based, and innovative materials. This market spans a diverse range of items, including clothing, footwear, accessories, and handbags, all crafted to meet the increasing demand for cruelty-free and eco-friendly alternatives. This expansion reflects broader consumer trends, where ethical considerations and environmental impact are central to purchasing decisions.

Key to the growth of the vegan fashion market is the rising awareness and concern over animal welfare. Consumers are increasingly turning away from traditional fashion products that involve animal exploitation, such as leather and wool. This shift is driven by the increased visibility of animal rights issues through social media and documentaries, which has spurred a demand for products that align with ethical values. In response, vegan fashion brands are offering stylish, high-quality alternatives that do not compromise on aesthetics or functionality. The market is further buoyed by innovative vegan materials like cruelty-free leathers made from pineapple leaves, apple peels, and mushrooms, which provide consumers with diverse and appealing options.

Environmental sustainability also plays a crucial role in the growth of the vegan fashion market. Traditional fashion production often entails significant environmental impacts, including deforestation, water pollution, and greenhouse gas emissions associated with animal farming. Vegan fashion presents a more sustainable alternative, using materials that are less resource-intensive and have a lower environmental footprint. For example, synthetic and plant-based materials reduce the reliance on animal agriculture, mitigating associated environmental challenges. Additionally, many vegan fashion brands emphasize circular economy principles, such as recycling and upcycling, enhancing their sustainability credentials and appealing to eco-conscious consumers seeking fashion choices that align with their values.

Technological advancements and innovations in materials have significantly bolstered the expansion of the vegan fashion market. The development of high-quality synthetic fabrics and plant-based materials has enabled designers to produce vegan fashion items that match or surpass the performance and aesthetics of traditional products. Innovations such as bio-fabricated materials and lab-grown textiles are pushing the boundaries of vegan fashion, offering new and exciting possibilities for designers and consumers alike. Ongoing research and development in this area are expected to drive further growth and innovation in the vegan fashion market.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Vegan Fashion Market”

The global vegan fashion market is segmented into type, gender, sales channel and region.

Based on gender, women emerged as the fastest-growing segment in the vegan fashion market due to several key factors. There is a heightened awareness of ethical and sustainable practices, with women frequently at the forefront of this movement. Their growing concerns about animal welfare and environmental impact are driving a shift towards cruelty-free fashion alternatives. Furthermore, the fashion industry's increased focus on inclusivity and diversity has resulted in a broader array of vegan fashion options tailored to women's tastes and preferences. The influence of social media personalities and celebrities who promote vegan lifestyles has also played a significant role in boosting the appeal of vegan fashion among women. Additionally, the versatility, innovation, and stylish offerings from vegan fashion brands resonate strongly with modern, conscious consumers, further accelerating this segment’s growth.

Major companies operating in global vegan fashion market are:

• Susi Store S.R.L.
• Insecta Shoes Canada Inc.
• The Proper Label Inc.
• Cotton Incorporated
• Della LA LLC
• Doshi FCSA
• Immaculate Vegan Limited
• THE YAKIT RAKIT Ltd
• Darling Society, LLC
• STUDIO OCCAM LLC     

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“The rise of vegan fashion is also supported by the broader trend towards ethical consumerism. Consumers are increasingly making purchasing decisions based on the social and environmental impact of their choices. This shift is evident in the growing number of brands and retailers incorporating vegan and ethical practices into their business models. Major fashion retailers and luxury brands are introducing vegan product lines, driven by consumer demand and the desire to enhance brand reputation. This mainstream acceptance of vegan fashion is contributing to its growth and visibility in the global market”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Vegan Fashion Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Footwear, Accessories, Clothing, and Others), By Gender (Men, and Women), By Sales Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, and Others), By Region & Competition, 2019-2029F", has evaluated the future growth potential of global vegan fashion market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global vegan fashion market.

Contact Us-

TechSci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170

M: +13322586602

Email: [email protected]

Website: www.techsciresearch.com