Maternity Wear Market Poised for Steady 4.4% CAGR Growth Driven by Comfort and Style
The global maternity wear market demonstrated a robust valuation of US$ 12.26 billion in 2021. It is forecast to achieve significant growth,projected to reach approximately US$ 16.58 billion by 2028, exhibiting a steady Compound Annual Growth Rate (CAGR) of 4.4% over the forecast period.
Key Growth Drivers
The market expansion is primarily driven by several factors:
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Comfort and Style: Increasing awareness among expectant mothers is fueling demand for clothing designed for optimal comfort. This includes the use of elastic and stretchable fabrics such as elastane and spandex.
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Rising Female Workforce: The growing number of working pregnant women, especially in developed regions like North America (where about 85% of pregnant women remain employed), is a major driver. This trend specifically boosts the demand for formal maternity wear, including professional tops, blouses, and gowns.
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Fabric Preference: There is an expanding consumer interest in breathable and season-sensitive materials like cotton, modal, and bamboo, enhancing product diversification.
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E-commerce Shift and Sustainability
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Online Retail Acceleration: The market witnessed a significant shift towards online retail channels, accelerated by the COVID-19 pandemic. E-commerce has become a critical distribution platform, offering competitive pricing and convenient access to a wide range of apparel.
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Sustainability Opportunities: Brands are finding opportunities in sustainable practices. Initiatives such as maternity wear rental programs are emerging to promote green consumption and extend the clothing lifecycle, addressing environmental concerns associated with fast fashion.
Market Leaders
Major players contributing to the market's evolution include Gap Inc, Seraphine, Isabella Oliver, H&M Hennes and Mauritz AB, and Mothercare. These companies are utilizing strategic initiatives, product innovations, and digital engagement to capitalize on global demand.
Conclusion
The maternity wear market is set for healthy and sustained growth, supported by key demographic trends, increased participation of women in the workforce, the expansion of online retail, and a persistent consumer demand for functional yet fashionable clothing.
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