( MENAFN - EIN Presswire) Ethnic wear manufacturers aim at the development of products which are truly sustainable, affordable, innovative, and creative. PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, UNITED STATE, May 31, 2024 /EINPresswire / -- The ethnic wear market size was valued at $89.3 billion in 2021, and is estimated to reach $177.
2 billion by 2031, growing at a CAGR of 7.2% from 2022 to 2031. Request The Sample PDF Of This Report: The market for ethnic wear is mostly driven by the rising number of fashion influencers across the globe.
It is difficult to overlook the importance of influencers, especially the smaller-scale influencers who provide more sensible and persuasive content. They have a sincere and committed following that respects their fashion and lifestyle opinions because of their relatability. Brands are aiming for this friendship between the two in order to have a genuine presence in the social media community where they are in contact with their customers.
It also enables a business to produce new items and become more consumer friendly. The market is expanding even more owing to the capability of direct customer communication. The ethnic wear market demand shows high growth potential in North America and LAMEA.
Significant contributors to the growth of the North America market due to the growing popularity of ethnic wear and the launch of newer styles and premium price-based products are expected to garner the growth of the ethnic wear market. Ethnic wear.
