Ethical Fashion Global Market Report 2024: Increase in FDIs and Growing Customer Emphasis on Sustainable Fashion Spurs Growth - Long-term Forecast to 2028 and 2033 [Yahoo! Finance]
Levi Strauss & Co Class A (LEVI)
Last levi strauss & co class a earnings: 4/7 04:15 pm
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Source: Yahoo! Finance
The ethical fashion market size has grown strongly in recent years. It will grow from $8.17 billion in 2023 to $8.83 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The expansion observed in the historical period can be credited to the growth of emerging markets, an increase in foreign direct investments, and a growing customer emphasis on sustainable fashion. The ethical fashion market size is expected to see strong growth in the next few years. It will grow to $12.05 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The anticipated growth in the forecast period can be linked to increasing awareness, the influence of social media, government initiatives, the environmental repercussions of fast fashion, and the expansion of e-commerce. Noteworthy trends expected in the forecast period involve presenting customers with captivating and tangible narratives, adopting recycling and upcycling practices to reduce waste and mitigate the environmental impac
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