Market Forecast By Product Type (Trousers, Denims, Shirts and T-Shirts, Ethnic Wear, Others), By Season (Summer Wear, Winter Wear, All Season Wear), By Distribution Channel (Supermarkets and Hypermarkets, Exclusive Stores, Multi-Brand Retail Outlets, Online Stores, Others) And Competitive Landscape
Product Code: ETC171261 | Publication Date: Jan 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Brazil Menswear market currently, in 2023, has witnessed an HHI of 1866, Which has decreased slightly as compared to the HHI of 1874 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Brazil Menswear Market |
Forecast period | 2025-2031 |
CAGR | 9.4% |
Growing Sector | Textile Industry |
Brazil Menswear Market report thoroughly covers the market by product type, season and distribution channel. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Brazil Menswear Market is expected to grow in the forecast period due to the increasing purchasing power of middle-class consumers and the growth of the e-commerce sector. Additionally, rising demand from younger consumers and an increasing preference for fast-fashion brands have also played a role in this steady growth. Brazil, the largest country in Latin America, has been a hotbed of fashion and style, with its colourful and diverse culture inspiring a fresh perspective on men's fashion. The rise in personal grooming among men is propelling the growth, with consumers seeking fashion and style-centric clothing options that reflect their personality.
According to 6Wresearch, the Brazil Menswear Market size is projected to grow at the CAGR of 9.4% during the forecast period of 2025-2031. One of the main drivers of the menswear market in Brazil is the country's growing economy and increasing disposable income. This has led to increased demand for high-end menswear products, including luxury clothing and accessories. Another factor is the increase in e-commerce penetration, which has made it easier for consumers to purchase menswear products from anywhere in the world. The rise in disposable income of Brazilians is one of the critical drivers of the menswear market in the country. With the increasing purchasing power of the consumers, there is a demand for better quality, fashion, and style-centric clothing options. With the shift in focus from necessity to luxury, the demand for premium fashion brands has seen an upward trend. Additionally, the increasing adoption of western culture and styles has fuelled the growth of menswear.
Despite the impressive growth, the Brazil Menswear Industry faces some challenges. One of the key challenges is the competition from international brands. Many international companies have established a strong presence in the Brazilian market, and local brands must compete aggressively to maintain their market share. Another challenge is the increasing production costs, which have led to margin pressures on local brands.The volatility in the country's economy has been a constant challenge for the Brazilian menswear market. The fluctuations in the exchange rates and inflation have impacted the purchasing power of the consumers, thus affecting sales. The competition from the unorganized market that offers cheaper alternatives has made it difficult for luxury fashion brands to penetrate the market.
The Brazilian government has taken several initiatives to support the growth of the textiles and clothing industry. In 2018, the government introduced the Textile and Clothing Industry Plan to provide financial support, tax incentives, and technical assistance to companies in the industry. Other initiatives include simplifying regulations to reduce the costs of doing business and promote exports. The Brazilian government has taken several initiatives to promote the fashion and textile industry in the country. One of the significant initiatives includes the Fashion Brazil Program, which aims to promote Brazilian fashion internationally. Additionally, the Brazilian Textile Industry Association (Abit) has introduced a sustainability program aimed at reducing the carbon footprint of the industry.
The Menswear industry in Brazil is dominated by several key players, including Lojas Renner, Hering, and the fastest-growing company, Grupo Soma. These companies have established a strong presence in the market and have been expanding their offerings to meet the changing demands of consumers. Other emerging players include DLV, a company that specializes in men's sportswear, and Zigma, a startup that focuses on custom-made clothing.
The future of the Brazilian menswear market looks promising. With growing economic development, changing fashion trends, and technological advancements, the market is expected to continue its steady growth. Additionally, the rise of e-commerce and social media has increased the importance of brand loyalty and recognition. Online platforms allow men to access information and connect with their favorite brands, paving the way for new players to enter the market and these significant factors will augment Brazil Menswear Market Share.
According to Dhaval, Research Head, 6Wresearch,the Brazil Menswear market is highly diversified into segments such as trousers, denims, shirts and T-shirts, ethnic wear, and others. Among them, Trousers and denims can be found to be the largest growing segments contributing to the growth of the menswear market in Brazil, capturing the maximum market share. The demand for shirts and T-shirts has been increasing rapidly in recent times, and with the ongoing trend, it will capture a considerable share shortly.
Brazil's climate is distinct because it is one of the largest countries in the world and has many climatic zones. Summer wear and all-season wear are predominant markets in Brazil, capturing the major market share. As Brazil has more sunny days than the other countries, the summer wear segment is one of the top-performing segments in menswear.
The availability of menswear is increasing every day in stores, supermarkets, and hypermarkets in metro cities. As customer preferences are changing, exclusivity stores and multi-brand retail outlets are emerging as reliable & popular outlets catering to the customized needs of consumers.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Brazil Menswear Market Overview |
3.1 Brazil Country Macro Economic Indicators |
3.2 Brazil Menswear Market Revenues & Volume, 2021 & 2031F |
3.3 Brazil Menswear Market - Industry Life Cycle |
3.4 Brazil Menswear Market - Porter's Five Forces |
3.5 Brazil Menswear Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Brazil Menswear Market Revenues & Volume Share, By Season, 2021 & 2031F |
3.7 Brazil Menswear Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Brazil Menswear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Brazil Menswear Market Trends |
6 Brazil Menswear Market, By Types |
6.1 Brazil Menswear Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Brazil Menswear Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Brazil Menswear Market Revenues & Volume, By Trousers, 2021-2031F |
6.1.4 Brazil Menswear Market Revenues & Volume, By Denims, 2021-2031F |
6.1.5 Brazil Menswear Market Revenues & Volume, By Shirts and T-Shirts, 2021-2031F |
6.1.6 Brazil Menswear Market Revenues & Volume, By Ethnic Wear, 2021-2031F |
6.1.7 Brazil Menswear Market Revenues & Volume, By Others, 2021-2031F |
6.2 Brazil Menswear Market, By Season |
6.2.1 Overview and Analysis |
6.2.2 Brazil Menswear Market Revenues & Volume, By Summer Wear, 2021-2031F |
6.2.3 Brazil Menswear Market Revenues & Volume, By Winter Wear, 2021-2031F |
6.2.4 Brazil Menswear Market Revenues & Volume, By All Season Wear, 2021-2031F |
6.3 Brazil Menswear Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Brazil Menswear Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021-2031F |
6.3.3 Brazil Menswear Market Revenues & Volume, By Exclusive Stores, 2021-2031F |
6.3.4 Brazil Menswear Market Revenues & Volume, By Multi-Brand Retail Outlets, 2021-2031F |
6.3.5 Brazil Menswear Market Revenues & Volume, By Online Stores, 2021-2031F |
6.3.6 Brazil Menswear Market Revenues & Volume, By Others, 2021-2031F |
7 Brazil Menswear Market Import-Export Trade Statistics |
7.1 Brazil Menswear Market Export to Major Countries |
7.2 Brazil Menswear Market Imports from Major Countries |
8 Brazil Menswear Market Key Performance Indicators |
9 Brazil Menswear Market - Opportunity Assessment |
9.1 Brazil Menswear Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Brazil Menswear Market Opportunity Assessment, By Season, 2021 & 2031F |
9.3 Brazil Menswear Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Brazil Menswear Market - Competitive Landscape |
10.1 Brazil Menswear Market Revenue Share, By Companies, 2024 |
10.2 Brazil Menswear Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |