DUBLIN, Nov. 19, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/n99x3g/global_premium) has announced the addition of the "Global Premium Denim Jeans Market 2015-2019" report to their offering.
The global premium denim jeans market to grow at a CAGR of 8.12% during 2014-2019.
Global Premium Denim Market 2015-2019, is based on an in-depth market analysis, with inputs from industry experts. The report includes the key vendors operating in the market.
The demand for luxury goods comes mainly from the developing regions. China is the fastest growing country in the luxury goods segment. With the growing middle class segment in APAC, people prefer high-end goods. The population of China is spending aggressively on luxury goods, including apparel such as premium denim jeans. The growing upper middle class population in APAC is becoming inclined to adopt luxury goods and upgrading their status in society.
According to the report, the per capita disposable income determines an individual's ability to purchase goods or services. With the rising disposable income, people tend to spend more on apparel or high-end consumer goods that come under the luxury segment. Jeans have become a necessity and an essential wardrobe staple. Jeans are an evergreen style with no age or gender barriers. With the growth in the overall denim jeans market, there has also been ongoing growth in the demand for premium denim jeans.
Further, the report states that the rapidly changing fashion trends are the greatest challenge in the market as consumers follow the style and fashion of their preference.
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SOURCE Research and Markets
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