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China’s sportswear market is the largest and fastest growing market in the world. The two main trends for the fastest growth of this market is people adapting to an active lifestyle and participating in sports and exercises. Chinese consumers are always keen on the aesthetics of sportswear. The demand for business and innovation is growing in recent times in China.
Another main reason for the largest market is the population of the millennials. In recent times, sportswear is becoming casual wear in fashion. Consumer’s mindset has changed in this aspect. As trends change there will be more opportunities for business and investment.
The Chinese government is supporting sporting events and active lifestyles to encourage economic benefits that sporting participation generates to the country. The country is also encouraging a healthier lifestyle which, in the long term will reflect the healthcare cost.
The China sportswear market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2027, registering a CAGR of XX% from 2022 to 2027.