Lingerie Market Players, with Dynamics, Segments, and Forecast by 2030
Lingerie Market Overview
The Lingerie Market will acquire a value of USD 135.16
billion and a CAGR of 4.52% over the forecast period by 2030.
Women
are always concerned about their dress, including their outfits and lingerie.
The higher growth of the educational women population and economic developments
propel the Lingerie
Market in the forecast period. The rise in participation of women
in the corporate sectors and the massive support of governments towards the
working women is aiding the market. Major initiatives are taken to improve
women's economic empowerment. The working women population leads to higher
disposable income, which leads to spending more on proper clothing. The rising
awareness for comfortable and functional lingerie to maintain hygiene and the
living standard is driving the market. The growth of the spending power of
women is increasing the luxury lingerie sales, which is helping
the Lingerie Market to generate higher revenue.
The
growth opportunities such as the change in lifestyles of women and the rise in
health consciousness have made women inclined towards workout activities. This
factor is accelerating the sales of sports bras and workout wear. Women's
participation in social gatherings also raises the demand for products like
seamless panties, shapewear, bralettes, and pushup bras. These growth factors
are showing a positive impact on lingerie sales and driving the industry.
Market Segments
The Lingerie
Market is segmented into product type, price range, and distribution
channel.
The
product type fragment of the market is categorized into loungewear, knickers
& panties, bras, shapewear, and others. The bras segment has captured the
largest market share in recent years. The shapewear segment holds the highest
CAGR, and it will continue its growth consistency in the forecast period.
The
price range segment of the global market is classified into economy and
premium. The premium segment will witness a higher CAGR due to its rapid growth
rate in the forecast period.
The
distribution channel segment of the lingerie market is segregated into
store-based and non-store-based. The store-based channel is sub-categorized
into fragments such as supermarkets and hypermarkets, specialty stores, and
convenience stores. The specialty stores will capture the highest CAGR rate in
the forecast period. The non-store-based channel is fragmented into direct and
indirect.
Key Companies
Leading key
lingerie market players are Yandy LLC
(US), Marks and Spencer plc (UK), Victoria's Secret (US), Group Chantelle
(France), MAS Holdings (Sri Lanka), Jockey International Inc (US), Fashion Nova
Inc. (US), Hennes & Mauritz AB (Sweden), LVMH Moët Hennessy Louis Vuitton
(France) among others.
Regional Analysis
According
to the global Lingerie Market, regional analysis covers the prominent
regions such as the North American countries, European Union, Asia-Pacific, and
other regions.
The
Asia Pacific region has acquired the highest market share compared to other
regions. The presence of chief manufacturers of the lingerie market in this
region is accelerating the regional market growth. Growth factors such as the
rise in the women population, rapid urbanization, and increased rate of
disposable income are driving factors in this region.
The
North American region has witnessed itself as the second-largest market in
terms of share. The region is propelled by several factors, including the
higher rate of working women population. The US chiefly drives the regional
market to the huge demand for the product. Other growth factors such as
innovation of stylish design materials and colors are driving the regional
market.
The
other regions of the Lingerie Market also show a decent growth rate
in the forecast period.
Industry News
In
August 2021- Parade announced its latest collection of floral print underwear
for outdoor enjoyment during the higher temperature days. The company has
introduced the Summer Daisy Retail Market in New York City, giving shoppers a
growth opportunity in the lingerie merchandise.
Read More Blogs:
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Underwear Market Research Report Information by Product Type (Tops, Bottoms, and
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(Men, Women, and Kids), by Distribution Channel (Store-Based and Non-Store
Based) and by Region (North America, Europe,Asia-Pacific, Rest of the
World)—Forecast till 2028
Athleisure
Market Research Report Information By Product Type (Leggings, Tights
& Joggers, Hoodies & Sweatshirts, Sneakers, Shorts, Sports Jackets,
Sports Bra, Yoga Pants, and Others), By End User (Men, Women, and Unisex), By
Distribution Channel (Store-Based and Non-Store Based), And By Region (North
America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till
2030
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