?? VINTAGE AND THRIFT MARKET EXPANSION ??

In the last two years the vintage and second hand market has grown exponentially and its project to double in the next 5 years reaching $77 Billion.

Resale market is driving the growth and it’s expected to growth eleven times more by 2025 thanks to sellers who put great product into the market.

In 2020 Thred Up estimates the total resellers amount around?52.6 million, this data is anticipated to reach 118.8M in 2025.

Thrifting became a new consumer trend during pandemic which is expected to grow in 2020 33 M consumer bought secondhand apparel for the first time.

76% of those first-time buyers plan to increase their spend on second-hand in the next 5 years.

Second-hand buying environmental impact is minum:

• ?3.7 Ibs CO2 emission instead for new clothes is 21.1 Ibs,
• 4.8 KWh of energy demand instead of 38.8 KWh
• 1.2 gallons of water instead of 78.5 gallons.

Shoppers plan to shift more spend to second hand the any other category

• 42% of all consumer in 5 years
• 53% of millennials and GenZ?

It’s also interesting to notice that the demand of new clothing marketed as “sustainable“ will declined respect to the demand of second-hand.

Fast fashion shoppers will switch to thrift?:

• 2 in 5 thrifters say that they are replacing fast fashion purchases with second hand clothes ?
• 45% of millennials and Gender Z they refuse to buy from non-sustainable brands and retailers
• 1 in 4 consumers care less about wearing the latest trends than before the pandemic.

Luxury brands have understood the potential of the second-hand market during the latest years adopting new solutions like:

• Valentino unveiled its vintage website in collaboration with four selected vintage store worldwide.
• Gucci launched in September 2021?“Gucci Vault“ a platform where consumers can shop vintage restored branded pieces and new pieces from young designers.
• Miu Miu launched in 2020 “Upcycled by Miu Miu“ a special collection of vintage dresses ,coming from vintage stores and markets wordlwide, reworked and transformed by the brand.And in April the brand launched a new collaboration with Levi’s dedicated to vintage denim.

Also the Startups have understood the potential of the fashion circular market and its growth, the most successful examples are:

• Revibe is an online upcycling marketplace that brings together designers, creators, fashion lovers, garment producers from all over Europe , redefining fashion logic to create a future without waste.
• Luxury Closet is GCC's leading Dubai-based luxury marketplace to buy and sell authentic designer items like handbags, clothes, watches and jewelry.
• Green chic is a pioneer of the circular economy and is the number one fashion-logistics startup in Southern Europe. It offers the fastest DTC way to regain value from no longer used clothing. Members can exchange items and revamp their style in an affordable, convenient and sustainable way.

At Startupbootcamp we commit to push innovation to reduce overconsumption and increase a more conscious shopping model that offer second hand products.

• Share my bag is an international marketplace for peer to peer fashion rental?
• Looped?is a circular economy marketplace focused on Upcycled garments :embodies the act of upcycling, providing the framework for a fashion focused circular economy.
• Atelier riforma is a platform which collect second-hand clothes from people and organizations in exchange they recognize a voucher of symbolic value to buy on their e-commerce.

Once they collect and entrust garments they put into their own marketplace Upcycled and second-hand pieces.

We are happy to connect disruptors with our entrepreneurs, partners, and startups, making visions into reality. Together we are simultaneously creating a more #digital and more #sustainable fashion world.

Thanks for the insights and inspiration, to Thred up for their 2021 resale report?with their biodiversity report, and to Vogue business.