U.S. Fast Fashion Market is Segmented By Product Type (Clothing, Footwear, Accessories, Others), By End User (Men, Women, Unisex, Kids), By Price Range (Low, Medium, High), By Distribution Channel (Online, Company Outlets, Multi-brand Stores, Others). The report offers the value (in USD billion) for the above-mentioned segments.
Market Size in USD Bn
CAGR5.5%
Study Period | 2023 - 2030 |
Base Year of Estimation | 2022 |
CAGR | 5.5% |
Largest Market | U.S. |
Market Concentration | High |
Major Players | River Island, Mango, Bershka, Missguided, New Look and Among Others. |
The U.S. Fast Fashion market size was valued at US$ 41.15 billion in 2023 and is expected to reach US$ 59.85 billion by 2030, grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030.
U.S. Fast Fashion Market Overview:
The sector thrives on rapid product turnover, responding swiftly to changing consumer preferences. Fast fashion brands often leverage efficient supply chain management and global production networks to bring new styles to market at an accelerated pace. This approach has resonated with consumers seeking affordable and stylish clothing options.
The online retail boom has further fueled the growth of fast fashion, with many brands emphasizing e-commerce channels. However, concerns about environmental sustainability and ethical practices in the industry have also emerged.
U.S. Fast Fashion Market Analysis
Fast fashion refers to inexpensive, quickly-produced, on-trend clothing. It allows consumers to purchase the latest fashion trends at an affordable price. Fast fashion brands utilize their supply chain agility to get new styles in stores as quickly as possible. The fast turnaround enables more frequent updates to inventory and new collections. This satisfies consumer demand for something fresh and new.
Key drivers of the fast fashion market include the rise of ecommerce and online shopping, growing influence of social media and fashion bloggers, demand for greater variety and personalization among younger demographics, and the affordability of fast fashion brands compared to luxury brands.
The U.S. Fast Fashion Market is segmented by product type, end-user, price range, and distribution channel. By product type, the clothing segment accounts for the largest share due to high demand for latest apparel designs and styles.
Figure 1. U.S. Fast Fashion Market Share (%), 2023
River Island, Mango, Bershka, Missguided, New Look, Fashion Nova, Shein, Romwe, PrettyLittleThing, Nasty Gal, Miss Pap, Boohoo, ASOS, H&M, Zara, Forever21, UNIQLO, Topshop, C&A, Primark
U.S. Fast Fashion Market
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What are the key factors hampering growth of the U.S. Fast Fashion Market?
Rising raw material costs, Sustainability concerns, Supply chain disruptions, Changing consumer preferences, Intense competition, High inventory levels, Counterfeit products are the key factors hampering growth of the U.S. Fast Fashion Market
What are the major factors driving the U.S. Fast Fashion Market growth?
Increased online shopping adoption, rising disposable incomes, Desire for latest fashion trends, Growing youth population, Popularity of social media, Celebrity endorsements are the major factors driving the U.S. Fast Fashion Market
Which is the leading end user segment in the U.S. Fast Fashion Market?
The leading end user segment in the U.S. Fast Fashion Market is men which account for the major share.
Which are the major players operating in the U.S. Fast Fashion Market?
Major players in the U.S. Fast Fashion Market are River Island, Mango, Bershka, Missguided, New Look, Fashion Nova, Shein, Romwe, PrettyLittleThing, Nasty Gal, Miss Pap, Boohoo, ASOS, H&M, Zara, Forever21, UNIQLO, Topshop, C&A, Primark
What will be the CAGR of U.S. Fast Fashion Market?
The CAGR of the U.S. Fast Fashion Market is expected to be 5.5% from 2023 to 2030.
What are the drivers of the U.S. Fast Fashion Market?
Key drivers are rising online shopping, growing middle class, demand for latest trends, affordability, and celebrity/social media influence.