Lingerie Market Report, Major Players, Consumer Trends, Analysis & Forecast Till 2030
Market Overview
The
Lingerie Market will obtain a value of USD 135.16 Billion and a CAGR of 4.52% between
2020-2030.
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. This expansion el
Women are always concerned about their dress, including their outfits and
lingerie.
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 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.
Regional
analysis
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.
The Global Women's
Lingerie Market Research report
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.
Segmentation
The Lingerie Market
Report 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.
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.
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.
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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