Saree is the most dominating product in the global Indian apparel market. According to an analysis of market data, the annual market growth of saree is estimated at 8.06 percent YoY during the period 2018-2023. Saree’s market share was 19,187.50 mn mtrs (42.22 per cent) out of total Indian apparel market of 45,535.83 mn mtrs in 2021.
The global market size of saree was 13,217.34 mn mtrs in 2016. The market size will reach 22,546.37 million mtrs in 2023 with an annual growth rate of 8.06 per cent during 2018-2023, according to market data of Fibre2Fashion’s market insight tool TexPro.
There are few other textiles products that are likely to have double digit annual growth during 2018-2023 in the Indian apparel market. These are Jeans (13.77 per cent), underwear/panties (13.41 per cent), T-shirt (12.41 percent), brassieres (12.06 percent), frocks (11.60 percent) and salwar, kameez & LDM (10.12 percent), as per TexPro.
The total market size of Indian apparel will grow annually at 8.48 percent during 2018-2023 and will reach at 53,951.10 mn metres from 35,915.97 mn metres in 2018. The market size was 30,851.57 mn mtrs in 2016.