Sequins Shine On: Market Poised for Steady Growth Fueled by Fashion Trends and Millennial Appeal
The sequins apparels market is predicted to sparkle its way to a bright future, with a projected Compound Annual Growth Rate (CAGR) of around 6% during the forecast period. Several key trends are fueling this growth:
- Millennial Magnetism: Millennials, heavily influenced by the luxury lifestyle portrayed on social media and in pop culture, are increasingly drawn to the glamour and eye-catching nature of sequin clothing.
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- Fashion Forward: The ever-evolving fashion landscape is embracing sequins with open arms. From dazzling dresses to statement accessories, sequins are finding their way into a wider range of styles and designs.
- Retail Revolution: The changing retail landscape, with a growing focus on online shopping and influencer marketing, is creating a favorable environment for the promotion and sales of sequin clothing.
These factors combined are expected to drive a steady rise in the demand for sequin clothing, making it a market segment worth watching.
But the allure of sequins goes beyond these trends. Here’s a deeper look at what’s fueling the demand:
- Celebrity Influence: Fans of their favorite stars, whether from TV shows, movies, or social media, are inspired by the glamorous looks they see, driving the desire for sequin clothing.
- Occasions to Shine: Sequins aren’t just for the red carpet anymore. Weddings, group photoshoots, modeling events, and concerts all present prime opportunities for donning sequined attire.
- Variety is Key: Sequins aren’t limited to dresses! The market offers a dazzling array of options for both men and women, from shirts and hoodies to blazers and skirts, gowns, and even jeans. Kids can also join the sparkle party with sequin t-shirts and frocks.
The Digital Sequins Revolution:
The online world has become a playground for sequins:
- Online Shopping Boom: The easy accessibility of sequin clothing through online retailers allows customers to shop from the comfort of their homes, fueling market growth.
- E-commerce Education: Increased exposure to online shopping and fashion websites has heightened consumer awareness of the latest trends, including sequins.
- Social Media Spark: Platforms like Instagram, Facebook, and Snapchat allow users to follow celebrities and influencers, further igniting the desire to wear sequin clothing and showcase their style.
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The Final Flourish:
Theme parties are another factor propelling the sequins market forward. Whether it’s a wedding, a Christmas bash, a birthday celebration, or a Halloween costume extravaganza, sequins add a touch of playful glamour to any event.
Get ready to see even more sequins shimmering in the years to come! The market is poised for continued growth, fueled by a combination of fashion, fandom, and the ever-expanding online world.
Some of the leading manufacturers and suppliers of sequins cloths include
- Jovani,
- ROSA NOVIAS,
- Calvin Klein.
- Adrianna Papell,
- New Occasion Brands LLC.,
- YOOX NET-A-PORTER GROUP,
- La Femme Fashion,
- NOA NOA,
- alexevenings.,
- PRONOVIAS GROUP.,
- Rent the Runway.,
- French Connection Group PLC,
- Korea SMEs and Startups Agency, and Familiar, Ltd.
- among others.
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Key Segments
By End Use:
- Kids
- Men
- Women
By Application:
- Daily Use
- Wedding
- Parties
- Others
By Distribution Channels:
- Direct Sales
- Hypermarkets/ Supermarkets
- Specialty Stores
- Online retailing
- Others
By Region:
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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