Functional Apparel Market to Reach Valuation of ~US$ 892.4 Bn by 2027; TMR Analyzes Impact of COVID-19 on Market; Stakeholders to Focus on Long-term Dimensions

Global Functional Apparel Market – Snapshot

Majorly fueling the growth of the functional apparel market is rising demand for high-performance, application-specific apparels and footwear coupled with the rising participation in sports and fitness activities. Functional apparels manufactured using advanced technology are usually made of polyester fabric or microfiber that absorbs sweat from the body on the fabric’s surface, from where it is evaporated. These apparels thus help athletes to stay dry and comfortable.

The rising interest in sports and fitness activities over the past years is a key factor driving the functional apparel market. Changing fashion trends and rise in the number of working women will stimulate the demand for non-athletic footwear. Further, the growing awareness of importance of health and fitness is likely to stir the demand for sportswear and footwear in the upcoming years. Increasing inclination of individuals towards fitness is encouraging them to get involved in gym or personal training activities so as to remain healthy and active in daily life. Worldwide, work-related stress and consumption of high-calorie food has aroused health consciousness among individuals. Individuals have become selective about apparels they wear for gym sessions, personal training, and even casual work.

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Over the last two decades, there has been a significant rise in interest as well as participation of people in sports and fitness activities worldwide. Popular brands such as Adidas and Mizuno are involved in sponsorship of sports event organizations. For instance, MIZUNO provides volleyball teams with uniforms and/or shoes. Such activities help the company claim the superiority of its products across the world. Hi-tech apparels help athletes perform better in training sessions and help avoid any accidental injury or infection.

Furthermore, growing inclination of people toward individual fitness encourages them to get involved in gym or personal training activities in order to remain healthy and active in daily life. One of the most popular technologies incorporated into training clothes, shoes, and socks is the compression technology. Applying a balanced surface pressure over specific body parts accelerates blood flow; increases oxygen delivery to the muscle groups being worked out; and enhances their performance. Improvement in the blood circulation also helps the body reduce the piling up of body fats. A combination of these effects allows an individual to work out at a higher pace for a longer time.

People across the globe are becoming highly conscious about their health, and are becoming selective about apparels they wear for personal training, gym sessions, and even casual work. Highly engineered fabrics used in functional apparels offer protection from heat, extreme cold, radiation, chemicals. They possess special application potential in the current, technologically advanced world. The fabric used in functional apparels offers several benefits such as absorbing sweat from the body and keeping the individual warmer in cold climate and cooler in the summer or hot weather conditions. Moreover, these garments are made from anti-bacterial material, depending on application, to prevent body odor. Athletic footwear is designed to maximize comfort and help in improving the athletic performance by reducing/eliminating injuries. Rise in the incidence of foot allergies and diseases is constantly driving the need for specialized features in sports shoes and socks. Manufacturers in the textile industry are incorporating advanced technologies in hosiery products. For instance, manufacturers are embedding extra padding in sports socks, which inhibits foot allergies.

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Global functional apparel market has been segmented in terms of type, fabric, finishing, and geography. In terms of type, the market is divided into sportswear, outdoor clothing, innerwear, footwear, socks, and swimwear. Innerwear, footwear, socks, and swimwear is further divided into athletic and non-athletic. By fabric, the market is classified into conventional fabric, specialty fabric, and others. Conventional fabric is further segmented into polypropylene, cotton, bamboo, wool, and polyester. Specialty fabric is divided into neoprene, and spandex. Polyester and cotton are widely used fabrics in functional apparel across the globe. By geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Cotton is the major cash crop in Asia Pacific. Production of abundant raw materials is resulting in the increased production of functional apparel in Asia Pacific. Shift in preference for affordable, durable, and comfortable functional apparel increases the demand for high-value fabrics such as polyester, wool, cotton, and other synthetic fabrics. The conventional fabric segment is expected to grow with a higher pace over the forecast period. Polyester is the most used product in functional apparel.

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