MARKET SIZE OF
FASHION INDUSTRY
As one thinks of Fashion and Lifestyle, Retail industry comes into picture. Indian Retail contributes approx 11%
to India's GDP. The total Indian Retail market in 2013 was estimated at US $ 545 billion. Food was the largest
retail sector taking 70% of the share followed by apparel industry.
Here is a table showing different retail sectors and their estimated market sizes :
Category
Food Grocery
Apparels
Jewellery and
Watches
Electronics
Pharmacy
Furniture
Restaurants
Footwear
Beauty
Healthcare
Others
Total (US $ Bn)
2006
217
25
16.5
2011
325
35
25.6
2016
425
50.2
44.2
CAGR 2011-2016
5.5%
7.5%
11.5%
16.5
8
6.5
4.6
3.6
0.6
0.4
11
310
22.7
13.9
9.1
8.8
4.5
1.3
1
23
470
42.8
23.4
17.1
15.8
8.3
3
2.5
42.5
675
13.5%
11%
13.5%
12.5%
13%
18%
20%
13%
7.5%
*Source: research-on-apparel-fashion-retail-industry-in-india-32537177
Apparel stands tall as the biggest segment of the fashion industry. According to a recent survey, contribution to
different expenditures in an Indian household is as follows:
10