Infographic SGIE 2023/24: Modest fashion
Modest fashion brands have appeared more at mainstream fashion events around the world. Both modest and mainstream fashion companies are actively tapping into the modest sportswear market opportunity.
Muslim spending on fashion reached $318 billion in 2022, up by 8.4% from $293 billion in 2021, and is forecasted to reach $428 billion by 2027, growing at a CAGR of 6.1%, according to DinarStandard's State of the Global Islamic Economy 2023/24 Report.
The State of the Global Islamic Economy 2023/24 produced by DinarStandard can be downloaded here.
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