Currently worth $70 million, the global denim jeans market is projected to grow to $114.6 million by 2030-end.
As per the 'Denim Jeans-Global Strategic Business Report' by ResearchAndMarkets, growth in the global denim jeans market will be driven by a surge in online sales that are expected to grow by 12 per cent CAGR during the analysis period.
On the other hand, the offline sales of denim jeans are projected to grow att 4.2 per cent CAGR and reach $77 million during the analysis period.
Growth in global denim jeans market will be steered by China which will grow at 8.9 per cent CAGR to reach a value of $25.9 million by 2030. Japan and Canada are expected to grow by 3.4 per cent and 5.1 per cent, respectively, over the 2022-2030 period.
Growth in the Europe market will be dominated by Germany which will grow at 3.9 per cent CAGR approximately. Denim players will tap evolving consumer preferences by leveraging digital channels and driving innovation in the segment.
