The denim market in India is expected to reach a projected revenue of US$ 3,422.0 million by 2030. A compound annual growth rate of 5.2% is expected of India denim market from 2023 to 2030.
The India denim market generated a revenue of USD 2,288.0 million in 2022 and is expected to reach USD 3,422.0 million by 2030.
The India market is expected to grow at a CAGR of 5.2% from 2023 to 2030.
In terms of segment, mass was the largest revenue generating category in 2022.
Luxury is the most lucrative category segment registering the fastest growth during the forecast period.
Denim market data book summary
Market revenue in 2022
USD 2,288.0 million
Market revenue in 2030
USD 3,422.0 million
Growth rate
5.2% (CAGR from 2023 to 2030)
Largest segment
Mass
Fastest growing segment
Luxury
Historical data
2018 - 2021
Base year
2022
Forecast period
2023 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Mass, Premium, Luxury
Other key industry trends
In terms of revenue, India accounted for 10.3% of the global denim market in 2022.
Country-wise, China is expected to lead the global market in terms of revenue in 2030.
In Asia Pacific, China denim market is projected to lead the regional market in terms of revenue in 2030.
India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,422.0 million by 2030.
Several factors, including rising disposable income, increasing urbanization, and the growing popularity of casual wear, drive the growth of the denim market. In addition, international brands are increasing their presence in the Indian market, and Tier-3 and Tier-4 cities are also becoming important markets for jeans.
According to Cotton Inc., in 2022, 59% of Indians plan to purchase more jeans than the previous year, while 29% plan to buy the same as last year. Currently, the per capita consumption of jeans in India is around 0.5 pairs, which is much lower than in Western countries.
This means that there is a huge potential for growth in the Indian market. In order to reach the potential of even one pair of jeans per person, another 700 million pairs of jeans need to be sold annually. This presents significant growth opportunities for denim manufacturers in India.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Denim Market Outlook will help companies and investors design strategic landscapes.
Mass was the largest segment with a revenue share of 67.38% in 2022.
Horizon Databook has segmented the India denim market based on mass, premium, luxury covering the revenue growth of each sub-segment from 2018 to 2030.
Several factors, including rising disposable income, increasing urbanization, and the growing popularity of casual wear, drive the growth of the denim market. In addition, international brands are increasing their presence in the Indian market, and Tier-3 and Tier-4 cities are also becoming important markets for jeans.
According to Cotton Inc., in 2022, 59% of Indians plan to purchase more jeans than the previous year, while 29% plan to buy the same as last year. Currently, the per capita consumption of jeans in India is around 0.5 pairs, which is much lower than in Western countries.
This means that there is a huge potential for growth in the Indian market. In order to reach the potential of even one pair of jeans per person, another 700 million pairs of jeans need to be sold annually. This presents significant growth opportunities for denim manufacturers in India.
India Denim Market Category Outlook (Revenue, USD Million , 2018-2030)
Mass
Premium
Luxury
India Denim Market Type Outlook (Revenue, USD Million , 2018-2030)
Pure Denim
Blended Denim
India Denim Market End Use Outlook (Revenue, USD Million , 2018-2030)
Apparel & Accessories
Homecare & Decor
Others
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Horizon Databook provides a detailed overview of country-level data and insights on the India Denim Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Denim Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.