Product Code: ETC213281 | Publication Date: May 2022 | Updated Date: Jan 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
The functional apparel market in the Philippines has gained prominence due to the growing awareness of health and wellness. The demand for sportswear, activewear, and performance-enhancing clothing has surged, driven by an active lifestyle trend among consumers. The market experienced a robust CAGR of about 9%. This growth is anticipated to persist, with a projected CAGR of 9%, fueled by health-consciousness and the popularity of athleisure wear.
The functional apparel market in the Philippines is experiencing a surge in demand driven by health and fitness awareness, as well as changing lifestyles. Consumers are seeking clothing that offers comfort, performance, and versatility for various activities such as sports, outdoor adventures, and casual wear. The rise of athleisure and activewear trends has propelled the functional apparel market, with consumers looking for garments that blend fashion with functionality.
The functional apparel market in the Philippines is gaining traction as consumers seek clothing that offers added value, such as moisture-wicking, UV protection, and thermal regulation. Yet, challenges exist. Educating consumers about the benefits of functional apparel and justifying the higher costs associated with these specialized garments can be a hurdle. Building awareness and conveying the value proposition will be crucial for the sustained growth of this market.
The Philippines functional apparel market underwent substantial changes due to the COVID-19 pandemic. Consumer priorities shifted towards clothing that offered enhanced comfort, performance, and protection. This led to an increased demand for athleisure wear, activewear, and clothing with antimicrobial and moisture-wicking properties. The market responded with innovation, incorporating advanced materials and technologies into clothing designs. As the pandemic`s impact gradually recedes, the functional apparel market is expected to maintain its momentum, driven by a sustained focus on health, well-being, and versatility.
Burlington Hosiery, Bench, Marks & Spencer, Hanes Brands, Jockey Philippines
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 Philippines Functional Apparel Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Functional Apparel Market Revenues & Volume, 2020 & 2030F |
3.3 Philippines Functional Apparel Market - Industry Life Cycle |
3.4 Philippines Functional Apparel Market - Porter's Five Forces |
3.5 Philippines Functional Apparel Market Revenues & Volume Share, By By Product Type, 2020 & 2030F |
3.6 Philippines Functional Apparel Market Revenues & Volume Share, By By Application, 2020 & 2030F |
3.7 Philippines Functional Apparel Market Revenues & Volume Share, By By Distribution Channel, 2020 & 2030F |
4 Philippines Functional Apparel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Functional Apparel Market Trends |
6 Philippines Functional Apparel Market, By Types |
6.1 Philippines Functional Apparel Market, By By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Functional Apparel Market Revenues & Volume, By By Product Type, 2020-2030F |
6.1.3 Philippines Functional Apparel Market Revenues & Volume, By Sportswear, 2020-2030F |
6.1.4 Philippines Functional Apparel Market Revenues & Volume, By Activewear, 2020-2030F |
6.1.5 Philippines Functional Apparel Market Revenues & Volume, By Protective Clothing, 2020-2030F |
6.1.6 Philippines Functional Apparel Market Revenues & Volume, By Others, 2020-2030F |
6.2 Philippines Functional Apparel Market, By By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Functional Apparel Market Revenues & Volume, By Sports Industry, 2020-2030F |
6.2.3 Philippines Functional Apparel Market Revenues & Volume, By Outdoor Clothing, 2020-2030F |
6.2.4 Philippines Functional Apparel Market Revenues & Volume, By Healthcare sector, 2020-2030F |
6.3 Philippines Functional Apparel Market, By By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Philippines Functional Apparel Market Revenues & Volume, By Offline Store, 2020-2030F |
6.3.3 Philippines Functional Apparel Market Revenues & Volume, By Online Store, 2020-2030F |
7 Philippines Functional Apparel Market Import-Export Trade Statistics |
7.1 Philippines Functional Apparel Market Export to Major Countries |
7.2 Philippines Functional Apparel Market Imports from Major Countries |
8 Philippines Functional Apparel Market Key Performance Indicators |
9 Philippines Functional Apparel Market - Opportunity Assessment |
9.1 Philippines Functional Apparel Market Opportunity Assessment, By By Product Type, 2020 & 2030F |
9.2 Philippines Functional Apparel Market Opportunity Assessment, By By Application, 2020 & 2030F |
9.3 Philippines Functional Apparel Market Opportunity Assessment, By By Distribution Channel, 2020 & 2030F |
10 Philippines Functional Apparel Market - Competitive Landscape |
10.1 Philippines Functional Apparel Market Revenue Share, By Companies, 2023 |
10.2 Philippines Functional Apparel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |