Global Lingerie Market Share Is Expected To Grow At A CAGR Of 8.25% By 2028

06-Feb-2020 | Facts and Factors

Facts and Factors have authored “Lingerie Market By Type (Brassiere, Knickers, Shape Wear, & Others), By Distribution Channel (Specialty Stores, Multi-Brand Stores, & Online), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2028”. Based on our analysis, the global Lingerie market in 2020 is approximately USD 43.2 Billion and is anticipated to reach around USD 84.16 Billion by 2028. The anticipated CAGR for the Lingerie market is around 8.25% from 2021 to 2028.

Improved knowledge of the best fit, rising thousand-year population, and that women's spending power is expected to drive the demand over the forecast period. Increased availability of a wide range of products in various designs for different purposes, such as sport, bridal wear, and daily wear, also has powered the overall market. The lingerie market has also become increasingly popular because of the need for women to accentuate their natural beauty. Growing concerns about the lightweight fabric used in lingerie are also anticipated to bolster overall growth. Product demand increases because of the use of polyester, nylon, lace, satin, lycra, sheer, cotton fabrics, and silk. Consumers put more focus on the color, the fabric, and the style that inspire manufacturers to launch fashionable lingerie for different activities.

Browse the full “Lingerie Market By Type (Brassiere, Knickers, Shape Wear, & Others), By Distribution Channel (Specialty Stores, Multi-Brand Stores, & Online), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2028” report at https://www.fnfresearch.com/lingerie-market-by-type-brassiere-knickers-lounge-wear

Growing demand and spending on aesthetics and high-quality undergarments have been a key factor in driving the lingerie market globally. Moreover, the fashion market across the globe has seen significant changes in recent years. A growing number of companies are entering the female undergarment market. Companies are introducing new and attractive lingerie products into the market. This has attracted female consumers for opting for using comfortable products. The demand for comfortable and luxurious undergarment products among consumers is fueling the lingerie market.

On the basis of product type, the lingerie market is segmented into loungewear, brassiere, knickers, shapewear, and others. By product type, brassiere held a share of more than 40% share in the lingerie market in 2018. Bras are designed for a variety of purposes including creating aesthetics, enhancing a woman's breast size, fashion, or more practical considerations. Brassiere dominated the European lingerie market in 2018. The growth of the brassiere segment is attributable to the growing number of millennials and boomers across the globe. In 2018, the number of people having ages 15 to 64 years old accounted for around 65% of the total global population. The median age of the population is increasing. Such a rising population of people of young age is a key factor in propelling the growth of the lingerie market. Additionally, the increase in active lifestyles has created a demand for softer lines of the triangle bra and padded bras. The sale of padded bras has been increasing across the globe for the last few years. Another development in the bra market that has favored the lingerie market growth is the nude color offerings of lingerie. This offering has attracted a large number of female consumers, favoring the market growth.

On the basis of the sales channel, the lingerie market is segmented into specialty stores, multi-brands stores, online stores, and supermarkets or hypermarkets. The online store segment accounted for around 20% share in the lingerie market in 2018. With the growing e-commerce market, the sales of lingerie through online stores are expected to increase. With the growing e-commerce market, the sales of lingerie through online stores are expected to increase. The online store segment is expected to record a CAGR of 8.0% over the forecasted period. Multi brands stores segment dominated the lingerie market in 2018. Multi brands stores are stores that are opened by businesses to sell goods to individual customers. Top lingerie manufacturing brands have limited their sales and marketing channels to multi-brands stores in developed as well as developing countries to maintain their brand integrity. This has been a key factor in driving the market for multi-brands stores' lingerie market globally. The growth of this segment is also attributable to the rising brand awareness among female consumers.

The lingerie market is segmented based on type, sales channel, and pricing. Based on type, the market is classified into brassiere, knickers, loungewear, shapewear, and others. In terms of sales channels, the market segment is sectored into specialty stores, multi-brand stores, online stores, and supermarket/hypermarkets. On the basis of pricing, the market includes economic, and premium.

Based on geographies, Europe dominated the lingerie market in 2018. It accounted for more than one-third share of the total market in 2018. North America is the second-largest market of lingerie in 2018. Moreover, Asia Pacific is expected to be the fastest-growing market due to the growing demand for lingerie among female customers especially from countries including South Korea, China, India, Thailand, Malaysia, Singapore, etc. Latin America and Middle East & Africa are also predicted to exhibit sustainable growth of the lingerie market during the course of upcoming years.

Top Market Players

The key market participants for the global lingerie market are Jockey International, Inc., Victoria’s Secret, Zivame, Gap, Inc., Hanesbrands, Inc., Triumph International Ltd., Bare Necessities, Calvin Klein, MAS Holdings, L Brands, AEO Management CO., Yandy LLC, Marks, Spencer plc., Group Chantelle, Hennes & Mauritz AB, LVMH Moet Hennessey Louis Vuitton, and Hunkemoller International B.V., among others.

Report Scope

This report segments the global lingerie market as follows:

Global Lingerie Market: By Type Segment Analysis

• Brassiere
• Knickers
• Shape Wear
• Others

Global Lingerie Market: By Distribution Channel Segment Analysis

• Specialty Stores
• Multi Brand Stores
• Online

Global Lingerie Market: Regional Segment Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• The Middle-East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle-East Africa

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