Lingerie Market research : Industry Trends, Analysis, Types, Growth, Opportunity and Forecast 2020-2030
The Lingerie Market will obtain a value of USD 135.16 billion
and a CAGR of 4.52% between 2022-2030.
Women often worry about their appearance, especially their
clothing and undergarments. The growth of the educational women population and
economic developments propel the Lingerie Market research in the forecast period. The rise in
participation of women in the corporate sectors and the massive support of
governments towards working women is aiding the market. Significant efforts are
made to increase women's economic empowerment. The working women population
leads to higher disposable income, 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 luxury lingerie sales, which is helping the Lingerie Market to generate higher
revenue.
Women are more likely to engage in workout activities that
lead to growth opportunities, such as the changing lifestyles of women and the
rise in health consciousness. Women's attendance at social events increases the
demand for seamless underwear, shapewear, bralettes, and pushup bras. These
expansion el Women are always concerned about their dress, including their
outfits and lingerie.
Segmentation
The Lingerie Market
is divided into product type, price range, and distribution channel segments.
The market’s product type segment is divided into loungewear,
undergarments, shapewear, bras, and other categories. The shapewear segment
holds the highest CAGR and will continue its growth consistency in the forecast
period.
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Store-based and non-store-based distribution channels are
distinguished in the lingerie market’s
distribution channel category. 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. Direct and indirect channels make up the non-store-based
channel.
Regional analysis
The Global Women's Lingerie Market overview is divided
into four regions based on regional analysis: North America, Europe, Asia
Pacific, and the Rest of the World. Due to rising demand for premium and luxury
goods and the expanding presence of significant corporations, the European area
is anticipated to dominate the worldwide market during the forecast period. The
regional market will also be boosted by the expanding product availability and
the growing number of online and offline distribution channels.
The widespread
presence of key industry players in the United States and North America will
significantly impact the global market throughout the anticipated time frame.
In addition, fair pay standards and broad acceptance of the developing lingerie
industry will have an even greater impact.
Recent developments
Aimer and the TENCELTM brand teamed up in September 2021 to
promote environmental protection by using sustainable materials in their
products. With a third-party validated label, fabrics made from carbon-free
TENCELTM branded fibres may provide customers with a new level of environmental
transparency. They are also 100% biodegradable and of botanical origin.
The new, sustainable underwear and dual-gender loungewear
collections from Calvin Klein, a PVH Corp. trademark, were introduced in April
2021. They were made with materials sourced sustainably and contribute to the
circular textile economy by employing recycled materials
Key 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)
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Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
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