The ‘Chile Children’s Wear Market Size Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the Chile children’s wear market, assessing the market on the basis of its segments like product category, gender, and distribution channel.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 3.03 billion
- Forecast CAGR (2023-2028): 5.4%
- Forecast Market Size (2028): USD 4.13 billion
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The Chile children’s wear market is being driven by the rising population, increasing disposable income, and growing focus of parents and guardians on adequate and stylish children’s wear. With increasing globalisation and rising penetration of international fashion styles, parents and guardians in Chile are experimenting with different styles and clothing options for children. The expansion of global fashion chains in Chile, easing the accessibility of various children’s wear options, including apparel and footwear, is further augmenting the children’s wear market in the country. The growth of the e-commerce sector, with a multitude of online stores available to consumers, is also supporting the Chile children’s wear market by increasing the purchasing options across the nation and in various price points.
Apparel currently holds a leading share of the of Chile children’s wear market, driven by the need for multiple clothing sets for children. As children primarily wear uniforms in school, there is a greater demand for playing clothes, outing clothes, and nightwear for children. Due to the relatively warm weather throughout the year, clothing made of breathable fabrics such as cotton and linen are preferred for outdoor playing and relaxing clothes. With more families switching to a two-income model, there is less time for household chores such as laundry, because of which families are purchasing greater volume of children’s wear to reduce the need for frequent clothes washing.
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Chile Children’s Wear Industry Definition and Major Segments
Children’s wear or children’s clothing refers to clothing designed for children who are yet to achieve their full growth. The clothing is made to fit children of varying ages, depending upon the specific age-based size. As children tend to be active physically, their clothing is usually comfortable and durable so that it doesn’t restrict movement.
Based on product category, the market is divided into:
- Apparel
- Footwear
- Others
On the basis of gender, the market is bifurcated into:
- Boys
- Girls
By distribution channel, the market is categorised into:
- Retail Stores
- Online Stores
Chile Children’s Wear Market Trends
An increasing focus on sustainability and ethical fashion is a key trend in the Chile children’s wear market, resulting in an increased demand for clothing that is organic and eco-friendly. Chile has become a hub of second-hand clothing, including children’s wear, over the years due to the significant imports of unsold fast fashion clothing it receives from regions such as Europe, North America, and the Asia Pacific. With the influx of low cost international clothing, Chile is quicker to adopt to global fashion styles, which extends to the children’s wear market in the country.
Boys children’s wear has accounted for a significant share of the children’s wear market in Chile over the past few years, due to the higher number of boys as compared to girls in the country. However, the demand for girls children’s wear is on the rise, particularly for the wide variety of clothing options available for girls, such as skirts, dresses, pants, and tops. Rising demand for specialised footwear is another key trend in the Chile children’s wear market, with different shoes for sports, running, school, formal events, and casual wear.
Despite the rise in popularity of online stores, many consumes still prefer offline retail stores for children’s wear purchasing. This can be attributed to the ability of children to physically try on apparel and footwear at the time of purchase, resulting in greater accuracy in sizing without need to return or exchange clothing.
Key Market Players
The major players in the Chile children’s wear market report are Carter’s, Inc, Colloky, Pash SAS, Babycottons, Pasitos Kids, Pasitos Kids, Benetton Group, Industria de Diseño Textil, S. A., H & M Hennes & Mauritz AB, and Nike Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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