Fewer shopping occasions will be driven by economic uncertainty as a result of the global recession and its impact on the unemployment rate and income levels. As in womenswear, male consumers will try to economise at the beginning of the forecast period, benefiting fast fashion players.
Economic uncertainty and consideration of alternative channels to purchase menswear will influence the performance of menswear over the forecast period. For instance, while most resale platforms tend to target female consumers, they are anticipated to gain relevance amongst males either due to increasing sustainability concerns or because of financial constraints.
Given that the textile industry is one of the points of greatest contamination in the fashion industry, the development of sustainable textiles, investments in improving the qualifications in the workforce as well as cutting edge technology have become a fundamental point of change to be more environmentally friendly and create a significant impact. Alternative to synthetic textiles made from plastic revolves around the creation of textiles from natural resources, such as plant-based leather textiles, promoting the idea of ??circular and sustainable fashion.
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Understand the latest market trends and future growth opportunities for the Menswear industry in Colombia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Menswear industry in Colombia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is the aggregation of men's outerwear and men's underwear, nightwear and swimwear.See All of Our Definitions
This report originates from Passport, our Menswear research and analysis database.
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