Global Vegan Fashion Market Is Estimated To Witness High Growth Owing To Sustainability Initiatives and Growing Consumer Demand
Vegan Fashion Market The global Vegan Fashion Market is estimated to be valued at US$ 451.7 Bn in 2021 and is expected to exhibit a CAGR of 7.1% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: The Vegan Fashion Market is witnessing significant growth due to the rising popularity of veganism and sustainability. Vegan fashion refers to clothing, footwear, and accessories that are made without the use of animal-derived materials or by-products. This includes alternatives to leather, fur, silk, and wool, such as plant-based materials like hemp, cork, and organic cotton, as well as innovative materials like pineapple leather and mushroom leather. Vegan fashion products are not only free from animal cruelty but also have a lower environmental impact compared to traditional fashion. They contribute to reducing carbon emissions, water pollution, deforestation, and exploitation of animals. Consumers are increa