According to a new market study by Global Industry Analysts Inc, the global market for denim jeans is projected to reach a revised size of $83.2 billion by 2026, growing at a CAGR of 4.7 per cent over the analysis period. Offline, one of the segments analyzed in the report, is projected to record 4.2 per cent CAGR and reach $71.8 billion by the end of the analysis period. Online segment is expected to grow at 7.4 per cent CAGR for the next 7-year period. The popularity of online sales channels will bedriven by a growing number of consumers using the Internet to browse various websites and indulge in web based shopping. In addition, ability of online stores to offer less expensive products in comparison to physical formats of these stores, along with eliminating the requirement of dealing with queues and crowds drives consumers towards online retail purchases.

China, the world`s second largest economy, is forecast to reach a projected market size of $18.4 billion by the year 2026 trailing a CAGR of 7.5 per cent over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3 per cent and 3.8 per cent respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.1 per cent CAGR.

. A major portion of future growth in the denim jeans market is likely to emanate from developing nations such as China, India, South Korea, Brazil, Mexico, Turkey, the UAE and Saudi Arabia, among others.