Best Business Idea 2023

As per Euromonitor’s report in retail week SPORTSWEAR/GYMWEAR market represented $282 Billion worldwide in 2014, crossing $300 billion in 2015 and expected to cross $ 450 billion by 2025.

Why Sportswear Business is Good in 2023

There was a time when being caught in your gym wear would be an awful humiliation. Being out and selecting the right sportswear not only ascertains your updated fashion sense but also makes you trendy. Patterned yoga pants with good sublimation printing symbolize your uber-fitness and health. Instagram and other platforms such as metaverse have formulated all their effort and been supporting constantly gym look selfies all the fury motivating more followers to get fit. thanks to #fitwill – women are evolving more demanding of their activewear. While it still needs to be practical and comfortable, it also needs to be stylish.

If we analyze Market research and relevant data, it’s consistently positive about the activewear and sportswear industry. Sportswear sales in the UK were foreseen to surpass £6bn last year, and while the significant brands are commencing to take note, with sports stores pitching celebrity associations such as Adidas’ Rita Ora range, and high street brands developing into the sportswear market.

Launching a ladies sportswear brand: Why it’s a promising business idea. In India after COVID-19, special attention over health is seen across the country. Youngsters, senior citizens, homemakers all have updated themselves with the help of the internet in ref to health. Instagram is flooded with feeds demonstrating yoga asanas, gym swag, sportswear outfits, stretches, running, cycling, and whatnot. It’s India where creativity has shown even the use of the rolling pin as yoga gear and gym apparatus.

Demand for sportswear is increasing every year by 7% on average.

High emphasis on outdoor activities.

High brand emphasis 

All major brands are having a clear vision towards a healthier world that is quick at adapting athleisure wear, activewear, and sportswear. further niche such as running wear, cycling wear, swimwear, gym wear, yoga wear, Kabaddiwear, Cricketwear, and more.

Ever-increasing sport events

in the last few decades, Indians and their stand for sports have drastically evolved towards a progressive side. Especially after the 2021 win at Olympics. Events like “20-20” are also not less to disrupt the potential of the sportswear market in India.

Social media & the world of Influencer.

Media is a constant fuel in changing the landscape o the markets and demand but social media have changed the scenarios with a much wider angle. Social influencers and their lifestyle is having a crucial place on social platforms. In doing so one cannot miss the fitness angle and fitness fashion which is a much talked about topic or a trending buzz these days.

MSME‘s benefits

To provide state-of-the-art infrastructure for textile units with the assistance of 40% of the proposed project cost with Rs.10 crore limit per park can be applied as Industry associations/ entrepreneurial groups. Project scrutiny committee Description Supplements states’ efforts in improving quality, productivity, and production.