Market Overview:
The Global Premium Denim Jeans Market size is expected to grow from USD 10.31 billion in 2022 to USD 17.32 billion by 2030, at a CAGR of 6.7% during the forecast period (2023-2030).
High-lower-body clothing that is worn by both men and women of all ages is known as premium denim jeans. To give the wearer more comfort, these jeans are typically made from high-quality dungaree and denim materials. Vendors put focus on maintaining high standards of quality, innovation, and craftsmanship when producing premium denim. They are more resilient in terms of materials and colors than budget jeans, and they also enhance a person's overall aesthetic appeal. It is also anticipated that the availability of denim in casual wear in a range of colors and tones would help the target market expand. One of the key growth drivers for the global market is projected to be increased awareness of current fashion trends.
Top Key Players Covered In The Premium Denim Jeans Market:
- H & M (Sweden)
- Levi Strauss and Co. (U.S.)
- LVMH Moet Hennessy Louis Vuitton SE (France)
- PVH Corp. (U.S.)
- The Gap Inc. (U.S.)
- Pepe Jeans S.L. (Spain)
- U.S. Polo Assn (U.S.)
- VF Corp. (U.S.)
- Kering S.A (France)
- 34 Heritage (U.S.)
- American Eagle Outfitters Inc. (U.S.)
- BESTSELLER AS (Denmark)
- Capri Holdings Ltd. (U.S.)
- Giorgio Armani Spa (Italy)
- Kontoor Brands Inc. (U.S.) and Other Major Players
Market Dynamics and Factors:
Increasing demand for branded and innovative apparel is driving the premium jeans market. Vendors of denim are constantly coming up with new ideas to combat the fierce competition provided by producers of knockoff garments. Customers are drawn in by the company's efforts to create more comfortable jeans by enhancing the items' compressibility and durability. The new jeans are cozy to wear because they are made of soft knitted denim. Additionally, this provides them with common sporting features like temperature control, moisture wicking, UV defense, and anti-rip technology. Cotton traders have been able to maintain the price increase thanks to this innovative method.
Loose fitting clothes are gaining trend among the women population and is expected to drive the market in the future. The connections between body type and fit preferences about body cathexis, customer preferences for garment benefits, and consumer demographic profiles. Design, technique, and approach: The survey tool was a questionnaire containing questions about customer demographics, preferred fit, body type, intended garment benefits, and body cathexis. Findings Body cathexis (satisfaction with the head/upper body, lower body, height, weight, and torso) and body form showed a strong link. Depending on the person's physical type, different body parts brought different levels of satisfaction. By body type, there was no difference in the degree of satisfaction with the head/upper body, height, or torso.
Premium Denim Jeans Market Report Highlight:
- By Age Group, teenagers are anticipated to lead the growth of the Premium Denim Jeans market in the forecasted timeframe. Attractive fashion and beauty, among teenagers along with ongoing product innovations by companies with designs, preferences, styles, and colors, these factors are responsible for the growth of this segment.
- By Distribution Channel, the Supermarkets and hypermarkets segment is expected to have the highest share of the Premium Denim Jeans market over the projected period. availability of high-quality cost-effective products in this segment contributing to the growth over the forecast period
- By end-users, the women segment is set to develop at the highest CAGR during the forecasted timeframe. The females’ expanding spending capacity on personal care and beauty garments including low-rise, curve, and straight-leg skinny jeans and trousers for numerous occasions has boosted the need for women’s Premium Denim Jeans.
- The North American region is expected to have the highest share of the Premium Denim Jeans market over the projected period. The presence of prominent key players, as well as an increase in technological advancement, are the main factors driving the development of the market in this region.
Key Industry Development:
- In March 2022, H&M Hennes & Mauritz AB developed a new denim line called the 'capsule collection,' which focuses on saving water throughout the manufacturing process by cooperating with suppliers who use recycled water systems. The pieces in the collection are inspired by late 1990s and Y2K vibes and include high-waist straight jeans, low-waist flares, dungarees, skinny jeans, mini-skirts, and denim shirts.
Premium Denim Jeans Market Segmentation:
By Age Group
- Baby
- Teenager
- Adults
- Elderly
By Distribution Channel
- Specialty Stores
- Supermarkets and Hypermarkets
- Online Stores
- Others
By End Users
- Women
- Men
- Children
For this report, Introspective Market Research has segmented the Premium Denim Jeans Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
