Functional Apparel Market Share

Geographically, the functional apparel market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.

North America industry is predicted to dominate majority revenue share by 2036, attributed to increasing participation of baby boomers in fitness, and physical activities, and easy accessibility to the functional apparel in specialized and online stores.

The European region is anticipated to hold the second-largest market share in the functional apparel market. Expansion of e-commerce, rising spending power, growing population, presence of dominant market players, and rising awareness related to fitness activities are the key factors that have augmented the growth of the target market in this region.

Asia-Pacific is estimated to grow at the fastest rate during the forecast period led by the developing countries. Factors such as the growing awareness regarding functional apparel for fitness regimes, along with the rising purchasing power of the consumers, and infiltration of leading players, growing population, have been fueling the demand for the functional apparel market in this region.