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Functional Apparel Market Size, Share, Trends & Industry Growth Analysis Report to 2024-2032

The global functional apparel market size was worth around USD 334.7 billion in 2023 and is predicted to grow to around USD 616.3 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.14% between 2024 and 2032.

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The report provides a global and regional analysis and forecast of the functional apparel market. Historical data from 2018 to 2022 and a revenue forecast from 2024 to 2032 (in USD billion) are presented in the study. The study encompasses the drivers and restraints of the functional apparel market, as well as their influence on demand during the forecast period. Furthermore, the report encompasses an examination of the global opportunities in the functional apparel market.

We have incorporated a competitive landscape and an analysis of Porter’s Five Forces model for the functional apparel market to provide the consumers of this report with a comprehensive picture of the market. The research includes a market attractiveness analysis, which evaluates the market size, growth rate, and general attractiveness of all segments.

The report offers a comprehensive analysis of the market share of the major participants in order to provide a more comprehensive understanding of the industry. Furthermore, the report addresses major strategic developments in the market, such as acquisitions and mergers, new product launches, agreements, partnerships, collaborations and joint ventures, research and development, and regional expansion of major participants on a global and regional scale. Additionally, the research examines the product portfolios of numerous companies in accordance with their respective regions and price trends.

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The Global Functional Apparel Market is segmented based on product, application and region

Global Functional Apparel Market: Product Segment Analysis

● Sportswear

● Outdoor Clothing

● Innerwear

● Footwear

● Socks

● Swimwear

Global Functional Apparel Market: Application Segment Analysis

● Water-Resistant

● Anti-Microbial

● Wicking

● Stain-Resistant

● Others

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The Global Functional Apparel market profiles key players such as:

● Asics Corporation

● Nike

●Calvin Klein

● Adidas

● Jockey International

● Russell Brands

● Under Armour

● MIZUNO Corporation

● Umbro

Regional Analysis of the Functional Apparel Market

The regional segment encompasses the historical and projected demand for the following regions: North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The global functional apparel market is primarily dominated by North America as a result of the region’s heightened involvement in fitness and sports. Due to this, there has been a rise in the demand for sportswear and footwear that are anti-microbial, sweat-free, and anti-odor. The global functional apparel market is anticipated to experience substantial development in Europe during the forecast period, as a result of the growing awareness of health and fitness.

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