Coresight Bites: Global Fast Fashion—Poised for Strong Growth

Coresight Bites provide free snapshots of Coresight Research data and findings. Subscribers can access the full research here. To find out how to subscribe, click here.

• Fast fashion, initially refined by H&M and Inditex (the owner of Zara), the world’s two largest apparel and footwear specialist retailers by revenue, has become one of the fastest-growing segments in the global apparel and footwear sector.
• Coresight Research estimates that the global fast-fashion market grew by around 20% year over year in 2021. In the medium term, Coresight Research estimates that the market will grow at a stabilized high-single-digit percentage rate.

Click the image below to read our Market Outlook report, which explores the global fast-fashion market in detail, including the competitive landscape, key growth drivers and major trends.