Vietnam Sports Apparel & Athleisure Market

The Vietnam sports apparel & athleisure market, valued at USD 2.5 billion, is growing due to rising health awareness, disposable incomes, and sustainable practices.

Region:Asia

Author(s):Dev

Product Code:KRAB6496

Pages:90

Published On:October 2025

About the Report

Base Year 2024

Vietnam Sports Apparel & Athleisure Market Overview

  • The Vietnam Sports Apparel & Athleisure Market is valued at USD 2.5 billion, based on a five-year historical analysis. This growth is primarily driven by increasing health consciousness among consumers, a rise in fitness activities, and the growing trend of athleisure wear as everyday clothing. The market has seen a significant shift towards more casual and comfortable clothing options, which has further fueled demand.
  • Key cities such as Ho Chi Minh City and Hanoi dominate the market due to their large urban populations and increasing disposable incomes. These cities are also hubs for retail and e-commerce, making them attractive locations for both local and international brands. The vibrant youth culture in these areas has led to a higher demand for trendy sports apparel and athleisure products.
  • In 2023, the Vietnamese government implemented a new regulation aimed at promoting sustainable practices in the textile industry. This regulation mandates that all sports apparel manufacturers must adhere to eco-friendly production processes, including the use of sustainable materials and waste reduction techniques. This initiative is part of a broader strategy to enhance environmental sustainability in the country.
Vietnam Sports Apparel & Athleisure Market Size

Vietnam Sports Apparel & Athleisure Market Segmentation

By Type:The market is segmented into various types, including Performance Apparel, Casual Athleisure, Footwear, Accessories, and Others. Performance Apparel is gaining traction due to the increasing participation in sports and fitness activities, while Casual Athleisure is popular for its versatility and comfort. Footwear, particularly sports shoes, is also a significant segment, driven by the growing trend of fitness and casual wear.

Vietnam Sports Apparel & Athleisure Market segmentation by Type.

By End-User:The market is categorized into Men, Women, and Children. The men's segment is currently the largest due to the increasing focus on fitness and sports among male consumers. Women are also becoming significant consumers of sports apparel, driven by the athleisure trend. The children's segment is growing as parents increasingly invest in quality sportswear for their kids.

Vietnam Sports Apparel & Athleisure Market segmentation by End-User.

Vietnam Sports Apparel & Athleisure Market Competitive Landscape

The Vietnam Sports Apparel & Athleisure Market is characterized by a dynamic mix of regional and international players. Leading participants such as Nike, Inc., Adidas AG, Puma SE, Under Armour, Inc., Lining Company Limited, The North Face, Inc., Columbia Sportswear Company, Asics Corporation, New Balance Athletics, Inc., Anta Sports Products Limited, Skechers USA, Inc., Gymshark Ltd., Decathlon S.A., Mizuno Corporation, Fila Holdings Corp. contribute to innovation, geographic expansion, and service delivery in this space.

Nike, Inc.

1964

Beaverton, Oregon, USA

Adidas AG

1949

Herzogenaurach, Germany

Puma SE

1948

Herzogenaurach, Germany

Under Armour, Inc.

1996

Baltimore, Maryland, USA

Lining Company Limited

1990

Beijing, China

Company

Establishment Year

Headquarters

Group Size (Large, Medium, or Small as per industry convention)

Revenue Growth Rate

Market Penetration Rate

Customer Retention Rate

Pricing Strategy

Product Diversification

Vietnam Sports Apparel & Athleisure Market Industry Analysis

Growth Drivers

  • Increasing Health Consciousness:The Vietnamese population is increasingly prioritizing health, with 60% of adults engaging in regular physical activity as of now. This trend is supported by government initiatives promoting fitness, leading to a surge in demand for sports apparel. The Ministry of Health reported a 15% increase in gym memberships from the previous year, indicating a growing market for fitness-related products. This heightened awareness is driving consumers to invest in quality sportswear, enhancing market growth.
  • Rising Disposable Income:Vietnam's GDP per capita is projected to reach approximately $4,800 in the near future, reflecting a 6% annual growth rate. This increase in disposable income allows consumers to spend more on premium sports apparel and athleisure products. As urbanization continues, more individuals are willing to invest in quality fitness gear, which is expected to boost sales in the sports apparel sector. The growing middle class is a significant driver of this trend, enhancing overall market potential.
  • Expansion of E-commerce Platforms:E-commerce sales in Vietnam are expected to exceed $27 billion in the near future, growing at a rate of 20% annually. This rapid growth in online shopping is transforming how consumers purchase sports apparel, making it more accessible. Major platforms like Tiki and Shopee are expanding their sportswear categories, catering to the increasing demand for convenience and variety. This shift is expected to significantly enhance market penetration and reach, particularly among younger consumers.

Market Challenges

  • Intense Competition:The Vietnamese sports apparel market is characterized by fierce competition, with over 200 brands vying for market share. Major international players like Nike and Adidas dominate, holding approximately 40% of the market. Local brands are struggling to differentiate themselves, leading to price wars that can erode profit margins. This competitive landscape poses a significant challenge for new entrants and established brands alike, necessitating innovative strategies to capture consumer attention.
  • Supply Chain Disruptions:The global supply chain has faced significant disruptions, with shipping costs rising by 30% recently due to geopolitical tensions and pandemic-related delays. These challenges have impacted the availability of raw materials and finished goods in Vietnam's sports apparel market. Brands are experiencing longer lead times and increased costs, which can hinder their ability to meet consumer demand effectively. This situation necessitates strategic adjustments to supply chain management to mitigate risks.

Vietnam Sports Apparel & Athleisure Market Future Outlook

The Vietnam sports apparel and athleisure market is poised for significant growth, driven by increasing health awareness and rising disposable incomes. As e-commerce continues to expand, brands will need to adapt their strategies to leverage online platforms effectively. Additionally, the focus on sustainability and eco-friendly materials is expected to shape product development. Companies that can innovate and respond to consumer preferences will likely thrive in this dynamic market landscape, ensuring long-term success and profitability.

Market Opportunities

  • Expansion into Tier 2 and Tier 3 Cities:With urbanization accelerating, tier 2 and tier 3 cities are witnessing a rise in disposable income, projected to increase by 8% annually. This presents a lucrative opportunity for sports apparel brands to tap into new consumer bases, enhancing market penetration and brand loyalty in previously underserved regions.
  • Collaborations with Local Influencers:Collaborating with local influencers can significantly enhance brand visibility and credibility. With over 60 million active social media users in Vietnam, targeted influencer partnerships can drive engagement and sales. This strategy allows brands to connect authentically with consumers, fostering brand loyalty and expanding their market reach effectively.

Scope of the Report

SegmentSub-Segments
By Type

Performance Apparel

Casual Athleisure

Footwear

Accessories

Others

By End-User

Men

Women

Children

By Distribution Channel

Online Retail

Offline Retail

Wholesale

By Price Range

Budget

Mid-range

Premium

By Brand Loyalty

Brand Loyal Customers

Price-sensitive Customers

By Occasion

Sports Events

Casual Wear

Gym and Fitness

By Material

Synthetic Fabrics

Natural Fabrics

Blended Fabrics

Key Target Audience

Investors and Venture Capitalist Firms

Government and Regulatory Bodies (e.g., Ministry of Culture, Sports and Tourism)

Manufacturers and Producers

Distributors and Retailers

Sports Teams and Organizations

Fitness Centers and Gyms

Industry Associations (e.g., Vietnam Textile and Apparel Association)

Financial Institutions

Players Mentioned in the Report:

Nike, Inc.

Adidas AG

Puma SE

Under Armour, Inc.

Lining Company Limited

The North Face, Inc.

Columbia Sportswear Company

Asics Corporation

New Balance Athletics, Inc.

Anta Sports Products Limited

Skechers USA, Inc.

Gymshark Ltd.

Decathlon S.A.

Mizuno Corporation

Fila Holdings Corp.

Table of Contents

Market Assessment Phase

1. Executive Summary and Approach


2. Vietnam Sports Apparel & Athleisure Market Overview

2.1 Key Insights and Strategic Recommendations

2.2 Vietnam Sports Apparel & Athleisure Market Overview

2.3 Definition and Scope

2.4 Evolution of Market Ecosystem

2.5 Timeline of Key Regulatory Milestones

2.6 Value Chain & Stakeholder Mapping

2.7 Business Cycle Analysis

2.8 Policy & Incentive Landscape


3. Vietnam Sports Apparel & Athleisure Market Analysis

3.1 Growth Drivers

3.1.1 Increasing Health Consciousness
3.1.2 Rising Disposable Income
3.1.3 Growth of Fitness Culture
3.1.4 Expansion of E-commerce Platforms

3.2 Market Challenges

3.2.1 Intense Competition
3.2.2 Supply Chain Disruptions
3.2.3 Price Sensitivity Among Consumers
3.2.4 Limited Brand Awareness in Rural Areas

3.3 Market Opportunities

3.3.1 Expansion into Tier 2 and Tier 3 Cities
3.3.2 Collaborations with Local Influencers
3.3.3 Development of Sustainable Products
3.3.4 Growth in Online Fitness Programs

3.4 Market Trends

3.4.1 Athleisure as Everyday Wear
3.4.2 Customization and Personalization
3.4.3 Technological Integration in Apparel
3.4.4 Focus on Eco-friendly Materials

3.5 Government Regulation

3.5.1 Import Tariffs on Sports Apparel
3.5.2 Labor Laws Affecting Manufacturing
3.5.3 Environmental Regulations for Production
3.5.4 Standards for Product Safety and Quality

4. SWOT Analysis


5. Stakeholder Analysis


6. Porter's Five Forces Analysis


7. Vietnam Sports Apparel & Athleisure Market Market Size, 2019-2024

7.1 By Value

7.2 By Volume

7.3 By Average Selling Price


8. Vietnam Sports Apparel & Athleisure Market Segmentation

8.1 By Type

8.1.1 Performance Apparel
8.1.2 Casual Athleisure
8.1.3 Footwear
8.1.4 Accessories
8.1.5 Others

8.2 By End-User

8.2.1 Men
8.2.2 Women
8.2.3 Children

8.3 By Distribution Channel

8.3.1 Online Retail
8.3.2 Offline Retail
8.3.3 Wholesale

8.4 By Price Range

8.4.1 Budget
8.4.2 Mid-range
8.4.3 Premium

8.5 By Brand Loyalty

8.5.1 Brand Loyal Customers
8.5.2 Price-sensitive Customers

8.6 By Occasion

8.6.1 Sports Events
8.6.2 Casual Wear
8.6.3 Gym and Fitness

8.7 By Material

8.7.1 Synthetic Fabrics
8.7.2 Natural Fabrics
8.7.3 Blended Fabrics

9. Vietnam Sports Apparel & Athleisure Market Competitive Analysis

9.1 Market Share of Key Players

9.2 Cross Comparison of Key Players

9.2.1 Company Name
9.2.2 Group Size (Large, Medium, or Small as per industry convention)
9.2.3 Revenue Growth Rate
9.2.4 Market Penetration Rate
9.2.5 Customer Retention Rate
9.2.6 Pricing Strategy
9.2.7 Product Diversification
9.2.8 Brand Recognition
9.2.9 Distribution Network Efficiency
9.2.10 Customer Satisfaction Score

9.3 SWOT Analysis of Top Players

9.4 Pricing Analysis

9.5 Detailed Profile of Major Companies

9.5.1 Nike, Inc.
9.5.2 Adidas AG
9.5.3 Puma SE
9.5.4 Under Armour, Inc.
9.5.5 Lining Company Limited
9.5.6 The North Face, Inc.
9.5.7 Columbia Sportswear Company
9.5.8 Asics Corporation
9.5.9 New Balance Athletics, Inc.
9.5.10 Anta Sports Products Limited
9.5.11 Skechers USA, Inc.
9.5.12 Gymshark Ltd.
9.5.13 Decathlon S.A.
9.5.14 Mizuno Corporation
9.5.15 Fila Holdings Corp.

10. Vietnam Sports Apparel & Athleisure Market End-User Analysis

10.1 Procurement Behavior of Key Ministries

10.1.1 Budget Allocation for Sports Apparel
10.1.2 Procurement Processes and Regulations
10.1.3 Preferred Suppliers and Brands

10.2 Corporate Spend on Infrastructure & Energy

10.2.1 Investment in Sports Facilities
10.2.2 Sponsorship of Sports Events
10.2.3 Employee Wellness Programs

10.3 Pain Point Analysis by End-User Category

10.3.1 Quality vs. Price Concerns
10.3.2 Availability of Sizes and Styles
10.3.3 Brand Trust Issues

10.4 User Readiness for Adoption

10.4.1 Awareness of New Brands
10.4.2 Willingness to Try New Products
10.4.3 Feedback Mechanisms

10.5 Post-Deployment ROI and Use Case Expansion

10.5.1 Measurement of Customer Satisfaction
10.5.2 Analysis of Repeat Purchases
10.5.3 Expansion into New Product Lines

11. Vietnam Sports Apparel & Athleisure Market Future Size, 2025-2030

11.1 By Value

11.2 By Volume

11.3 By Average Selling Price


Go-To-Market Strategy Phase

1. Whitespace Analysis + Business Model Canvas

1.1 Market Gaps Identification

1.2 Business Model Framework


2. Marketing and Positioning Recommendations

2.1 Branding Strategies

2.2 Product USPs


3. Distribution Plan

3.1 Urban Retail Strategies

3.2 Rural NGO Tie-ups


4. Channel & Pricing Gaps

4.1 Underserved Routes

4.2 Pricing Bands


5. Unmet Demand & Latent Needs

5.1 Category Gaps

5.2 Consumer Segments


6. Customer Relationship

6.1 Loyalty Programs

6.2 After-sales Service


7. Value Proposition

7.1 Sustainability Initiatives

7.2 Integrated Supply Chains


8. Key Activities

8.1 Regulatory Compliance

8.2 Branding Efforts

8.3 Distribution Setup


9. Entry Strategy Evaluation

9.1 Domestic Market Entry Strategy

9.1.1 Product Mix Considerations
9.1.2 Pricing Band Analysis
9.1.3 Packaging Strategies

9.2 Export Entry Strategy

9.2.1 Target Countries
9.2.2 Compliance Roadmap

10. Entry Mode Assessment

10.1 Joint Ventures

10.2 Greenfield Investments

10.3 Mergers & Acquisitions

10.4 Distributor Model


11. Capital and Timeline Estimation

11.1 Capital Requirements

11.2 Timelines for Market Entry


12. Control vs Risk Trade-Off

12.1 Ownership vs Partnerships


13. Profitability Outlook

13.1 Breakeven Analysis

13.2 Long-term Sustainability


14. Potential Partner List

14.1 Distributors

14.2 Joint Ventures

14.3 Acquisition Targets


15. Execution Roadmap

15.1 Phased Plan for Market Entry

15.1.1 Market Setup
15.1.2 Market Entry
15.1.3 Growth Acceleration
15.1.4 Scale & Stabilize

15.2 Key Activities and Milestones

15.2.1 Milestone Planning
15.2.2 Activity Tracking

Research Methodology

ApproachModellingSample

Phase 1: Approach1

Desk Research

  • Analysis of industry reports from local and international market research firms
  • Review of government publications and statistics on sports apparel consumption
  • Examination of trade journals and articles focusing on the Vietnamese athleisure market trends

Primary Research

  • Interviews with key stakeholders in the sports apparel supply chain, including manufacturers and retailers
  • Surveys targeting consumers to understand preferences and purchasing behavior in athleisure
  • Focus group discussions with fitness enthusiasts and casual users to gauge brand perception

Validation & Triangulation

  • Cross-validation of findings through multiple data sources, including sales data and consumer feedback
  • Triangulation of insights from industry experts and market analysts to ensure accuracy
  • Sanity checks through expert panel reviews to validate market assumptions and projections

Phase 2: Market Size Estimation1

Top-down Assessment

  • Estimation of market size based on national sports participation rates and apparel spending
  • Segmentation of the market by product categories such as footwear, clothing, and accessories
  • Incorporation of demographic trends influencing athleisure adoption among various age groups

Bottom-up Modeling

  • Collection of sales data from leading sports apparel retailers in Vietnam
  • Estimation of average selling prices and volume sold across different product lines
  • Analysis of distribution channels and their contribution to overall market revenue

Forecasting & Scenario Analysis

  • Utilization of historical growth rates to project future market trends through 2030
  • Scenario modeling based on economic indicators and consumer behavior shifts post-pandemic
  • Development of best-case, worst-case, and most-likely scenarios for market growth

Phase 3: CATI Sample Composition1

Scope Item/SegmentSample SizeTarget Respondent Profiles
Consumer Preferences in Sports Apparel150Active Lifestyle Consumers, Athletes, Fitness Enthusiasts
Retail Insights from Sports Apparel Stores100Store Managers, Sales Representatives, Brand Ambassadors
Market Trends in Athleisure80Fashion Retail Analysts, Trend Forecasters, Marketing Executives
Supply Chain Perspectives in Sports Apparel70Logistics Managers, Procurement Officers, Warehouse Supervisors
Brand Perception Studies90Brand Managers, Marketing Directors, Consumer Insights Analysts

Frequently Asked Questions

What is the current value of the Vietnam Sports Apparel & Athleisure Market?

The Vietnam Sports Apparel & Athleisure Market is valued at approximately USD 2.5 billion, reflecting a significant growth trend driven by increasing health consciousness and the popularity of athleisure wear as everyday clothing.

What factors are driving the growth of the sports apparel market in Vietnam?

Which cities are the primary markets for sports apparel in Vietnam?

How has the Vietnamese government influenced the sports apparel market?

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