ResearchAndMarkets.com, an international market research company, has produced a report titled “Vegan Women’s Fashion Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028“. This report shows that the global vegan women’s fashion market has experienced significant growth, reaching a valuation of USD 357 billion in 2022, and has a forecasted Compound Annual Growth Rate (CAGR) of 12.6% through 2028.

According to the authors, this market’s emergence can be attributed to several factors, including the increasing awareness of environmental issues, ethical concerns related to animal exploitation within the fashion industry, and a growing desire for cruelty-free alternatives. The global market has produced innovative, sustainable, and cruelty-free materials like plant-based leather alternatives, recycled fabrics, and organic fibers. For instance, Wastea, a Turkish company is upcycling tea waste and turning it into vegan leather and other eco-friendly products. Also, a company in India is producing a vegan eco-friendly alternative to synthetic leather by using mango fruits. The new company Aamati Green has constructed a 30,000 square meters plant for this purpose.

The report identifies as the key market challenges material Innovation and quality, cost and accessibility, consumer education and awareness, and sustainability throughout the supply chain. It also looks at trends and insights into product types and sales channels, such as accessories, clothing, apparel, and footwear (which is witnessing an uptick in demand, with more brands providing innovative cruelty-free shoe options). The report identified Europe as standing out for its distinct consumer market, which combines sustainable practices with robust economic growth. It also covers the major companies leading the way in the vegan women’s fashion market, including Hiraeth Collective, Stine Goya, Faithfull The Brand Pte. Ltd., Reformation, Whimsy & Row, Mayamiko, Thought Clothing, Envelope 1976, Ganni, and Beyond Skin. 

“Originally from Catalonia, but resident in the UK for several decades, Jordi is a vegan zoologist and author, who has been involved in different aspects of animal protection for many years. In addition to scientific research, he has worked mostly as an undercover investigator, animal welfare consultant, and animal protection campaigner. He has been an ethical vegan since 2002, and in 2020 he secured the legal protection of all ethical vegans in Great Britain from discrimination in a landmark employment tribunal case that was discussed all over the world. He is also the author of the book, ‘Ethical Vegan: a personal and political journey to change the world’.