Lingerie Market Outlook Demand, Regional Analysis Growth Factors to Forecast till 2030
Market Overview
The Lingerie Market will acquire a value of USD
135.16 Billion and a CAGR of 4.52 % in 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 Lingerie
Market Outlook. 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.
Regional
Analysis
According to the global Lingerie
Market Insights, 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.
Market Segments
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.
The Lingerie Market Outlook 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.
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.
NOTE: Our
Team of Researchers are Studying Covid19 and its Impact on Various Industry
Verticals and wherever required we will be considering Covid19 Footprints for
Better Analysis of Market and Industries. Cordially get in Touch for More
Details.
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