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The Mexico apparel market size reached around USD 29.57 billion in 2023. The market is projected to grow at a CAGR of 4.90% between 2024 and 2032, reaching almost USD 45.48 billion by 2032.
The demand for second-hand clothing witnessed a steady increase in Mexico owing to rising consumer awareness about sustainability. For instance, online second-hand apparel retailer Go Trendier recorded a daily sale of 8640 products in 2023, indicating the rising popularity of such clothing among Mexicans due to factors such as increased accessibility and affordability. Women aged 24-45 years are major end-users of second-hand garments like jewellery, sunglasses, dresses, and blouses. The increasing demand for such clothing from women is further expected to accelerate the Mexico apparel market expansion in the coming years.
Increasing innovations in the market are driving the production of jeans, tracksuits, and other pieces of clothing from sustainable materials. For example, in March 2021, H & M entered into a partnership with Desserto to utilise its vegetable leather material for manufacturing garments for its Science Story Collection. This vegetable leather is obtained from cactus and is a high-quality, non-toxic, and cruelty-free alternative for manufacturing leather-based apparel. Hence, the growing focus on sustainability is one of the key Mexico apparel market trends.
A large number of Mexican consumers prefer online distribution channels for purchasing apparel due to their convenience and rapid home deliveries. As shopping brands work towards diversifying payment options for consumers and building trust with the older generations, the Mexico apparel market growth is expected to receive a significant boost from the expansion of online channels for distribution.
Mexico Apparel Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by End User
Market Breakup by Distribution Channel
Market Breakup by Region
Key Mexico apparel market players are engaged in adopting sustainable manufacturing practices to minimise waste and reduce their carbon footprint.
The key market players are Dolce & Gabbana S.r.l., PVH Corp., INDITEX, S.A., Ralph Lauren Corporation, Under Armour, Inc., Nike, Inc., Adidas AG, Reebok International Limited, H & M Hennes & Mauritz AB, PUMA SE, Fila Holdings Corp., Columbia Sportswear Company, and Decathlon USA LLC, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by End User |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Apparel Market Overview
8.1 Key Industry Highlights
8.2 Latin America Apparel Historical Market (2018-2023)
8.3 Latin America Apparel Market Forecast (2024-2032)
8.4 Latin America Apparel Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Others
9 Mexico Apparel Market Overview
9.1 Key Industry Highlights
9.2 Mexico Apparel Historical Market (2018-2023)
9.3 Mexico Apparel Market Forecast (2024-2032)
10 Mexico Apparel Market by Type
10.1 Formal Wear
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Casual Wear
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Sportswear
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Nightwear
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Mexico Apparel Market by End User
11.1 Men
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Women
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Children
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Mexico Apparel Market by Distribution Channel
12.1 Online
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Offline
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Mexico Apparel Market by Region
13.1 Baja California
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Northern Mexico
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 The Bajío
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Central Mexico
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Pacific Coast
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Yucatan Peninsula
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyers Powers
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Dolce & Gabbana S.r.l.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 PVH Corp.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 INDITEX, S.A.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Ralph Lauren Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Under Armour, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Nike, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Adidas AG
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Reebok International Limited
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 H & M Hennes & Mauritz AB
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 PUMA SE
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Fila Holdings Corp.
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Columbia Sportswear Company
16.2.12.1 Company Overview
16.2.12.2 Product Portfolio
16.2.12.3 Demographic Reach and Achievements
16.2.12.4 Certifications
16.2.13 Decathlon USA LLC
16.2.13.1 Company Overview
16.2.13.2 Product Portfolio
16.2.13.3 Demographic Reach and Achievements
16.2.13.4 Certifications
16.2.14 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Apparel Market: Key Industry Highlights, 2018 and 2032
2. Mexico Apparel Market: Key Industry Highlights, 2018 and 2032
3. Mexico Apparel Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Mexico Apparel Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Mexico Apparel Historical Market: Breakup by End User (USD Billion), 2018-2023
6. Mexico Apparel Market Forecast: Breakup by End User (USD Billion), 2024-2032
7. Mexico Apparel Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. Mexico Apparel Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. Mexico Apparel Historical Market: Breakup by Region (USD Billion), 2018-2023
10. Mexico Apparel Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. Mexico Apparel Market Structure
The market was valued at nearly USD 29.57 billion in 2023.
The market is projected to grow at a CAGR of 4.90% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 45.48 billion in 2032.
The different distribution channels in the market include online and offline.
The major end users of apparel include men, women, and children.
The different types of apparel considered in the market report are formal wear, casual wear, sportswear, and nightwear, among others.
The major regions in the market include Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The key market players are Dolce & Gabbana S.r.l., PVH Corp., INDITEX, S.A., Ralph Lauren Corporation, Under Armour, Inc., Nike, Inc., Adidas AG, Reebok International Limited, H & M Hennes & Mauritz AB, PUMA SE, Fila Holdings Corp., Columbia Sportswear Company, and Decathlon USA LLC, among others.
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