Global Lingerie Market Size (2022-2030) Share, Industry Trends, Growth, Challenges, and Forecast: Custom Market Insights

The global lingerie market is expected to grow at a compound annual growth rate of 8.5% during the forecast period. The market is valued at USD 46.55 billion in the year 2021 it is expected to reach USD 93.1 billion by the year 2030.

The global market is expected to grow at a rapid rate during the forecast period due to a lot of factors. As a lot of varieties are available in knickers, bras, shapewear, and loungewear across developing as well as developed nations the market will continue to grow in the forecast period.

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The Lingerie Market: Overview

The growth rate of the lingerie market is expected to be high in the United States and Canada. Dual-income households and high disposable income is expected to help in the growth of the market during the forecast period. There has been an increased demand for sportswear, launches where as well as swimwear across the globe and which is expected to provide better opportunities for growth in the coming years.

Increasing demand for these products will help in generating more revenue in the coming years. The lingerie market in China and India is also expected to have a good share in terms of revenue during the forecast period. The manufacturers of lingerie across the globe are constantly focusing on adopting new business strategies in the form of acquisitions and mergers in order to have a geographical expansion.

The Lingerie Market: Growth Factors

The availability of these products that complement a properly toned body has been one of the factors that shall drive market growth in the coming years. The demand for trendy lingerie or fashionable lingerie is expected to grow in the coming years. As a large number of choices are offered to the consumers in terms of designs the market shall continue to grow in the coming years.

The laundry market has had a large impact due to various factors like sustainability, body positivity, and diversity. There's a growing demand for a seamless launch array that is new to the market and it is expected to gain momentum in the coming years. There has been an increase in the demand for an intimate piece of apparel in recent years which provides a more natural look that shall fuel the growth of the market.

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The availability of smartphones and Internet connectivity has increased screen time due to which women are well aware of the current fashion trends. The availability of online platforms offers a reliable and convenient source for purchase.

Manufacturers are engaged in providing trendy lingerie which is suitable for different types of activities. An increase in the purchasing power of consumers in developing nations has changed the pattern of consumption. Consumers seek style cushioned as well as comfort when it comes to these products and not the price of such products.

The Lingerie Market: Recent Developments

• Non-underwire Brallete produced by Everlane was launched in the market in the year 2019 along with four different types of underwear like the bikini, the the high-rising store, and a regular hipster.
• Bravissimo launched a website for the US in the year 2019 and it also opened a store in New York City. Different types of bra cups ranging from D- L will be offered by this market player for women having a heavier breast size.
• One of the leading manufacturers of lingerie Zara, announced in the year 2021 that it is planning to launch its lingerie collection on the eCommerce platform.
• In the year 2021, the international brand Victoria's Secret announced its plan to launch three new stores in the retail segment of India.

Press Release For Lingerie Market: https://www.custommarketinsights.com/press-releases/lingerie-market/

The Lingerie Market: Regional Insights

Europe has dominated the market in the past with a share of about 35% In terms of revenue. This region is expected to have a dominant position during the forecast period. The presence of various key market players in the European region will be another reason that will drive the market growth during the forecast period.

This region has seen a great demand for lingerie from luxurious brands and premium products. These manufacturers are constantly focusing on providing quality products with various designs and shapes in order to meet the demands of a diverse population.

The presence of limited editions for lingerie will be one of the major factors driving the growth of the market in the coming years period there has been an increase in the preference for lingerie of the premium type in this region which shall generate a large amount of revenue in the coming years. A wide range of availability of these products and more penetration of the online platforms will drive the market growth of this region in the coming years.

The Lingerie Market: Key Players

Victoria's Secret
Pink
Zivame
GapBody
Amante
Bare Necessities
Calvin Klein
Triumph
Marks And Spencer
Jockey

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The Lingerie Market: Segments

On The Basis of Type

Brassiere
Knickers
Cheaper
Sportswear
Others

On The Basis of Distribution Channel

Multi-brand stores
Specialty stores
Online platform

The Lingerie Market: Regions

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

Check Out Some of Our Other Reports:

Global Derma Roller Market: https://www.custommarketinsights.com/report/derma-roller-market/
Global Male Skincare Market: https://www.custommarketinsights.com/report/male-skincare-market/
Global Flexible Office Market: https://www.custommarketinsights.com/report/flexible-office-market/
Global Plus Size Clothing Market: https://www.custommarketinsights.com/report/plus-size-clothing-market/
Global Intimate Apparel Market: https://www.custommarketinsights.com/report/intimate-apparel-market/

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This release was published on openPR.