ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Demand increases
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Detailed explanation-1: -The athleisure market is projected to record a CAGR of 6.09% over the next five years. Rising health and self-consciousness and a desire to lead active lifestyles and appear fit are encouraging consumers to incorporate sports and fitness activities into their daily routines.
Detailed explanation-2: -The global athleisure market size was valued at USD 288.84 Billion in 2021 and is expected to grow at a CAGR of 8.2% during the forecast period. The demand for athleisure products is increasing due to the development of e-commerce trading activities across the globe.
Detailed explanation-3: -The most evident reason why athleisure is appropriate for many situations is the fact that it fits perfectly with many other trends that have been popular throughout the 20th century. Athleisure is quite often described as a hybrid of casual and athletic wear, which resulted in creating a whole new fashion trend.