Ethical Fashion Market Growth, Size, Share, Trends, Report, 2034

Editor’s Note

This article examines the rise of ethical fashion, driven by growing consumer awareness of environmental and social impacts. It explores how brands are responding with sustainable practices and transparent sourcing.

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KEY MARKET INSIGHTS

Ethical fashion encompasses clothing, footwear, and accessories that are designed, sourced, and manufactured to minimize societal and environmental impact. Their manufacturing techniques prioritize sustainable practices, fair working conditions, and ethical material sourcing. Nowadays, consumers have become more aware of the environmental and social impact of their purchases, contributing to higher demand for sustainably and ethically produced fashion. Consequently, ethical fashion brands focus on reducing their ecological footprint, ensuring fair wages, and using sustainable materials in their production processes.

“For example, in February 2024, Miu Miu, an Italian fashion brand, launched a series of recycled denim collections and introduced a recycled jean. The range primarily consists of bra tops, trucker jackets, high-waist jeans, shorts, and other sustainable fashion accessories made from recycled materials.”

The Covid-19 pandemic had a severe effect on the ethical fashion market. Factory closures and restrictions led to production and distribution delays, impacting the availability of ethical fashion products. Furthermore, travel restrictions and multiple lockdowns made it difficult to conduct inspections and ensure compliance with ethical standards. Consequently, obtaining and renewing certifications for ethical practices were delayed, affecting companies’ profit margins.

“For example, according to the annual report of Compagnie Financière Richemont S.A., the company’s revenue reached USD 15.42 billion in 2020, compared to USD 15.74 billion in 2019, experiencing a decline of ~2%, due to the impact of the pandemic.”

Segmentation

By Product: Clothing, Footwear, Bags, Others
By Material: Recycled/Regenerated, Organic, Natural, Others
By End User: Male, Female
By Distribution Channel: Online, Offline
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, France, Italy, Spain, UK, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, Rest of Asia-Pacific), South America (Brazil, Argentina, Rest of South America), Middle East & Africa (UAE, South Africa, Rest of MEA)

Key Insights

The report covers the following key insights:
• Parent/Related Market Overview
• Industry SWOT Analysis
• Porter’s Five Forces Analysis
• Supply Chain and Regulatory Analysis
• Recent Technological Advancements

Analysis by Product

By product, the market is segmented into clothing, footwear, bags, and others. The clothing segment accounts for the largest major share. This segment includes various products, from casual wear to formal attire, attracting a broad consumer base. Leading fashion brands are increasingly adopting ethical practices and launching sustainable clothing collections to meet growing consumer demand. Furthermore, the development of new sustainable materials, such as recycled polyester, organic cotton, and biodegradable fabrics, has fueled growth in this segment.

Analysis by Material
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⏰ Published on: February 09, 2025