Apparel December 2019 | Page 36

FEATURE THE TREND PARTLY OWES ITS POPULARITY TO CELEBRITY ATHLEISURE BRANDS. RISE IN INDIAN ATHLEISURE While the majority of growth in athleisure has taken place globally, India has been a late but spritely entrant. This has been possible due to the overwhelming fame of athleisure clothing among many celebrities. The trend partly owes its popularity to celebrity athleisure brands such as HRX by Hritik Roshan and Just F by Jacqueline Fernandez. Other celebrity-backed entrants in this space include Shahid Kapoor’s brand Skult, which is an extension of the Aditya Birla Group, and Prowl by Tiger Shroff. Fashion designers such as Dhruv Kapoor, Ruchika Sachdeva, Anand Bhushan, and Monisha Jaising, among many others, have also been incorporating athleisure in their product lines. 34 I APPAREL I December 2019 This deep and enduring investment in the Indian market is not unwarranted as research from Deloitte India shows that the athleisure market in India is growing. The market is expected to flourish at a growth rate of nearly 20 per cent to reach over R54,000 crore by 2020. And while India only has a two per cent-share of the global market, it has shown rapid expansion and is poised for immense success. This belief is backed by some essentially shifting factors in the Indian demographic. The breakup of the consumer demographic in India is highly biased towards young people with disposable income or access to credit. The rise of the millennial and Gen-Z consumer segments is further adding to this trend since they are more globally aware and do not conform to traditional expectations of attire. This is leading to a highly consumerist outlook that is further fostered by celebrity endorsements. As a result, the trend towards branded apparel, especially the kind that offers casual and fun values like athleisure, is on the rise. Even the cultural fabric of the nation is becoming more flexible as more and more young people are adopting the ‘start-up’ culture, where formalwear in the workplace is becoming a thing of the past. With all these converging trends, the growth rate of major global brands such as Puma has been on a spectacular high in India over the last couple of years. There are (yet) no clear indications that athleisure, as a market segment, has reached its full maturity; but given its highly versatile product features, broad appeal across both basic and premium markets, affordability, and alignment with modern consumers’ value, there is no stopping athleisure brands. As technology evolves, it is not unlikely that athleisure will continue to take on global fashion with more and more vigour.