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==Worldwide market== [[File:Dyehouse, White Oak Cotton Mills. Greensboro, N.C, by H.C. White Co..jpg|thumb|The dyehouse at the White Oak Cotton Mill, in [[Greensboro]], North Carolina. The [[Cone Mills Corporation]], which owned the mill, was formerly the world's largest maker of denim.]] In 2020, the worldwide denim market equaled US$57.3 billion, with demand growing by 5.8% and supply growing by 8% annually.<ref name="ResearchandMarkets">{{cite press release |title=Global Denim Jeans Market Report 2022: Market to Reach US$76.1 Billion by 2026 - U.S. Market is Estimated at $15.1 Billion in 2021, While China is Forecast to Reach $15.5 Billion by 2026 |url= https://www.globenewswire.com/news-release/2022/02/08/2380630/28124/en/Global-Denim-Jeans-Market-Report-2022-Market-to-Reach-US-76-1-Billion-by-2026-U-S-Market-is-Estimated-at-15-1-Billion-in-2021-While-China-is-Forecast-to-Reach-15-5-Billion-by-2026.html |work=GlobeNewswire |date=8 February 2022 |access-date=22 March 2022}}</ref> Over 50% of denim is produced in Asia, most of it in [[China]], [[India]], [[Turkey]], [[Pakistan]], and [[Bangladesh]].{{cn|date=November 2023}} Globally, the denim industry is expected to grow at a CAGR of over 4.8% from 2022 to 2026, with the market value expected to increase from $57.3 billion to $76.1 billion.<ref>{{cite web |title=By 2026, the denim market expected value will be $ 79.1 billion |url= http://www.technofashionworld.com/denim-market-by-2026/ |work=Techno Fashion World |date=5 January 2022 |access-date=22 March 2022}}</ref>
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