Europe Maternity Wear Market Estimated at US$ 674.4 Mn by 2030
E-commerce has changed the way women shop. Maternity wear products are now sold in department stores, supermarkets, and specialty stores. The penetration of e-commerce has opened up many opportunities in the Europe Maternity Wear Market. Many women prefer to shop for their maternity clothes online rather than visit traditional stores. Online retailers offer convenient selections, and are often more affordable.
Market Statistics:
The Europe maternity wear market accounted for US$ 432.0 Mn in terms of value in 2022.
Drivers
Growing fashion consciousness among modern mothers is projected to foster the growth of the Europe maternity wear market. The number of working pregnant females is expected to increase in the coming years. Pregnant women are concerned about the proper fitting of maternity wear and their appearances at work, home, or other places. Due to high purchasing power and transition in lifestyle in terms of ongoing fashion trends, women are willing to spend a considerable amount of money on trendy maternity wear.
Opportunities
Increasing penetration of specialty stores is expected to offer promising market growth opportunities for key players in the near future. The innerwear segment especially camisoles is gaining tremendous demand among pregnant women. The high demand for camisoles is expected to foster the market growth.
Restraints
The growing rate of infertility due to sedentary lifestyles and hectic work schedules are expected to restrict the market growth.
Europe Maternity Wear Market - Impact of Coronavirus (COVID-19) Pandemic
The outbreak of the COVID-19 pandemic accelerated the shift toward online shopping, and the emergence of new variants of SARS-CoV-2 further pushed people to adopt e-commerce in the coming years. Thus, the rising e-commerce services would provide lucrative opportunities for the Europe maternity wear market players during the forecast period.
To know the latest trends and insights prevalent in the Europe maternity wear market, click on the link below:
https://www.coherentmarketinsights.com/market-insight/europe-maternity-wear-market-5075
Key Takeaways:
The Europe maternity wear market was valued at US$ 432.0 Mn in 2022 and is forecast to reach US$ 674.4 Mn by 2030 at a CAGR of 5.0 % between 2022 and 2030.
The top wear product segment held the dominant position in the Europe maternity wear market in 2022, accounting for 52.2% shares in terms of value. Increasing product approvals and launch of new products are expected to propel the growth of the segment during the forecast period.
Market Trends:
The influence of social media on consumers will augment the market growth. For instance, many celebrities and bloggers are documenting their pregnancies via workout videos and posts via social media to promote a specific brand of maternity wear.
The growing trend of pregnancy photo-shoots coupled with the increasing purchasing power of women are expected to uplift the market growth.
