Share this article Share this article ResearchAndMarkets.com's offering. The Global Apparel and Footwear Market is forecast to grow at a CAGR of 6.65%, in value terms, to reach USD2736.86 billion by 2026. The Global Apparel and Footwear Market is witnessing consistent growth, owing to increasing disposable incomes bringing brand consciousness and inclination towards imported products, and growing organized retail and e-commerce channels along with robust supply chain networks. Moreover, factors such as rising population and the entry of various players are further fueling the apparel and footwear market at the global level. The apparel and footwear business are the drivers of the fashion industry. Their main aim is to provide the customer a sense of pleasure of being well dressed and attractive to oneself and others as per the surroundings, making the apparel and footwear industry one of the synchronized and well-developed sectors among other sectors in the world. It is because of the continuous rise in population, changing lifestyle, and economic development that apparel and footwear production has experienced a significant growth. The apparel and footwear market has become an attractive destination for investments and several large multinational companies are entering into this market. This has resulted in the gradual transformation of a commodity market into a branded products market, being dominated by multinational companies.