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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 End User |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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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Vietnam
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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