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Fashion Industry Hits $1.8 Trillion, Fueled by Growth and Empowerment

9/24/2025

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Summary

Story summary

The global fashion industry reached $1.8 trillion in 2024, with 3.3% growth through 2034.
Growth is driven by sportswear popularity, social media influence, and rising incomes.
The U.S. market turnover was $395–$420 billion in 2024, with 3.8% growth forecast 2025–2034.
Ashlee Muhammad, founder of BeEyeConic, joined the BRICS+ Fashion Summit to empower Black women and support emerging designers.

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Story summary

The global fashion industry reached $1.8 trillion in 2024, with 3.3% growth through 2034.
Growth is driven by sportswear popularity, social media influence, and rising incomes.
The U.S. market turnover was $395–$420 billion in 2024, with 3.8% growth forecast 2025–2034.
Ashlee Muhammad, founder of BeEyeConic, joined the BRICS+ Fashion Summit to empower Black women and support emerging designers.