The Functional Apparel Market was worth US$ 291 billion in 2019, the estimated CAGR between 2021 and 2030 is 6.5%. Rising health awareness, increased investment in development of advanced technical fabrics, advancements in fabric manufacturing and rising adoption of functional apparels across athletic and non-athletic applications are the key forces driving the growth of the global functional apparel market. The functional apparels refer to advanced form of technical clothing or technical textile and are used widely for boosting performance of athletes. Additionally, the functional apparels are also used as protective clothing across military and healthcare applications owing to integration of advanced technical features into fabrics. The sports textile manufacturers are focusing towards incorporation of advanced features and to improve the technical features of functional apparels to gain a competitive advantage in the global market. The competitive landscape of the global functional apparel market is moderately consolidated with strong consumer preference for selective brands. With rising investment in upgrading the textile manufacturing infrastructure, the global functional apparel market is anticipated to grow significantly during the forecast period.
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