Lingerie Market To Reach US$ 119.4 Billion by 2028 | CAGR of 7%

How Big is the Lingerie Market ? :

IMARC Group's latest report, titled "Lingerie Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the lingerie industry statistics. The report also includes competitor and regional analysis, and contemporary advancements in the market. the global lingerie market size reached US$ 78.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 119.4 Billion by 2028, exhibiting a growth rate (CAGR) of 7% during 2023-2028.

What are Lingerie and Uses ? :

Lingerie is a category of intimate apparel that includes undergarments like bras and sleepwear designed for comfort, support, and aesthetic appeal. It encompasses various styles, materials, and designs, catering to diverse tastes and preferences. Lingerie goes beyond functionality, often serving as a form of self-expression and confidence-boosting attire. It is crafted from various fabrics, including lace, silk, and satin, and may feature intricate details such as embroidery or lace trim. The lingerie industry has evolved to embrace inclusivity, offering diverse sizes and styles to cater to a broad spectrum of body types and individual preferences. For everyday wear or special occasions, lingerie symbolizes empowerment and personal style.

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Who are the key Players Operating in the Industry ?

• Fashion Nova LLC
• Hanesbrands Inc
• H & M Hennes & Mauritz AB
• Hunkemöller International B.V
• Jockey International Inc
• MAS Holdings
• PVH Corp
• The Gap Inc
• The Groupe Chantelle
• Triumph International Ltd
• Victoria's Secret & Co
• Yandy Enterprises LLC

What are the Growth Prospects and Trends in the Lingerie Industry ? :

The global market is primarily driven by the changing societal norms and an increased emphasis on body positivity. The industry has responded to diverse body shapes and sizes, embracing inclusivity and offering a broader range of lingerie styles, catering to a more diverse consumer base. Besides, the rising influence of fashion and evolving consumer preferences fuels market growth. Lingerie is no longer just a functional undergarment but a fashion statement, with styles reflecting current trends and growing demand for innovative designs, colors, and materials. Moreover, the rise of e-commerce plays a pivotal role. Online platforms provide consumers with a convenient and discreet way to shop for lingerie, offering a vast selection and allowing for better exploration of styles and brands. Additionally, the increasing awareness of the importance of self-care and empowerment contributes to market expansion. Lingerie is now viewed as a form of self-expression, boosting confidence and promoting individuality. Furthermore, collaborations and partnerships with influencers and celebrities are propelling the market. Endorsements and promotions from popular figures in the fashion and entertainment industry impact consumer choices, driving trends and increasing brand visibility.

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Key Market Segmentation:

Breakup by Product Type:

• Brassiere
• Knickers
• Shapewear
• Others

Breakup by Material:

• Cotton
• Silk
• Satin
• Nylon
• Others

Breakup by Price Range:

• Economy
• Premium

Breakup by Distribution Channel:

• Mass Merchandizers
• Specialized Stores
• Online Stores
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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