New York, NY, Aug. 23, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Functional Apparel Market By Type (Sportswear, Outdoor Clothing, Innerwear, Footwear, Socks, and Swimwear), By Fabric (Conventional and Specialty), and By Finishing (Water-Resistant, Anti-Microbial, Wicking, Stain-Resistant, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”. According to the report, the global functional apparel market accounted for USD 99.24 billion in 2018 and is expected to reach USD 280.12 billion by 2026, growing at a CAGR of 13.8% between 2019 and 2026.
Functional apparels are designed to perform specific functions according to varied consumer requirements. These requirements may be ensuring protection against heat and water while engaging in some sporting activities. These apparels have gained popularity in recent times, due to the comfort they offer.
Browse through 54 Tables & 31 Figures spread over 110 Pages and in-depth TOC on “Global Functional Apparel Market Size & Share 2018: By Types, Industry Growth, Trends, Segments, Analysis and Forecast to 2026”.
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The global functional apparel market is expected to show significant growth in the future, owing to the growing participation in fitness and sports activities due to increased health-consciousness of the global population. These apparels help athletes to stay dry by absorbing their sweat. Moreover, the increase in disposable income and changing lifestyle along with increasing urbanization are also contributing to the functional apparel market significantly. However, the high prices of these apparels due to their lightweightness and high durability and duplicity of apparels may restrain this market to some extent.
The global functional apparel market is fragmented based on type, fabric, and finishing. On the basis of type, the market includes footwear, innerwear, socks, outdoor clothing, sportswear, and swimwear. Innerwear and socks are expected to show substantial growth, due to increasing skin allergies like rashes, fungal infections, etc. Footwear and sportswear segments continue to dominate the market, due to the increasing participation in sports and fitness activities.
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On the basis of the fabric, the global functional apparel market comprises conventional and specialty fabrics. Conventional fabric is further categorized into cotton, polypropylene, bamboo, polyester, and wool. Specialty fabric includes spandex and neoprene. Specialty fabric is gaining popularity in recent years, due to the increasing consumer demand consumers for application-based fabrics, such as manufacturing diapers, undergarments, thermal-wear, and sportswear. Conventional fabric dominates the market and is expected to grow at a notable CAGR over the forecast time period, due to its application in the manufacturing of casual t-shirts and lowers.
By finishing, the market for functional apparel includes stain-resistant, water-resistant, anti-microbial, wicking, and others. Water-resistant finishing is likely to show prominent market growth in the years ahead, owing to its increasing application in sportswear clothing. Anti-microbial finishing is also expected to show robust growth, due to an increase in skin allergies and fungal infections.
Browse the full “Functional Apparel Market By Type (Sportswear, Outdoor Clothing, Innerwear, Footwear, Socks, and Swimwear), By Fabric (Conventional and Specialty), and By Finishing (Water-Resistant, Anti-Microbial, Wicking, Stain-Resistant, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026” Report at https://www.zionmarketresearch.com/report/functional-apparel-market
North America dominates the functional apparel market globally, due to the increase in sports and fitness activities across the region. Thus, the growing consumer demand for anti-microbial, sweat-free, and anti-odor sportswear and footwear is observed. Moreover, there is a significant shift in the clothing lifestyle of the U.S. population, as they prefer apparels that are both appropriate for work and various other physical activities. This will further propel the region’s functional apparel market in the future.
Europe is expected to show substantial growth in the functional apparel market globally over the forecast time period, owing to an increase in the awareness about health and fitness. The increase in the number of working women is expected to fuel the non-athletic footwear segment in the region in the years ahead. Moreover, the growing number of promotion and marketing campaigns by big players regarding these apparels are also expected to boost the market in the region, particularly in the UK, France, and Germany.
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The Asia Pacific is expected to witness one of the highest functional apparel market growth rates globally over the forecast time period, owing to the growing consumer awareness about latest fashion trends and rapid urbanization. The region dominates the globe in terms of highest functional apparel production, due to the easy availability of raw materials and cheap labor. India and China are the main players in this region. In China, the youth is interested in gym activities and running marathons, which is expected to further the functional apparel market in the region over the forecast timeline.
Latin America is estimated to show reasonable growth in the future. Brazil is the main regional player, with about more than 60% of the youth population that is increasingly participating in sports and fitness activities and prefers the latest trends and styles. Moreover, increasing disposable income of the regional population is also bolstering the region’s functional apparel market. The Middle East and Africa region is likely to grow considerably in the functional apparel market over the forecast time period, particularly the UAE. This can be attributed to the rising income of the population, as consumers want to buy and experiment with new apparel trends.
Some major players operating in the functional apparel market are Asics Corporation, Nike, Calvin Klein, Adidas, Jockey International, Russell Brands, Under Armour, MIZUNO Corporation, and Umbro.
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This report segments the global functional apparel market into:
Global Functional Apparel Market: Type Analysis
- Sportswear
- Outdoor Clothing
- Innerwear
- Footwear
- Socks
- Swimwear
Global Functional Apparel Market: Fabric Analysis
- Conventional
- Specialty
Global Functional Apparel Market: Finishing Analysis
- Water-Resistant
- Anti-Microbial
- Wicking
- Stain-Resistant
- Others
Global Functional Apparel Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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