The global men's fashion industry is expected to exceed $402 billion by 2014, with China being the fastest growing market expected to reach $78 billion. Sports clothing makes up a large percentage of sales due to interest in sports. Hip hop culture in the 1990s popularized hoodies and sweatshirts. Casual wear flourished as dress codes relaxed, but has declined as sportswear has increased in popularity. Men's evening wear is often worn to formal events and is prominently displayed at horse races.