Lingerie Market Analysis and Forecast to 2033: COVID-19

Evolve Business Intelligence

The Lingerie Market is witnessing robust growth, with a market size of US$ 88.32 billion in 2023 and a projected compound annual growth rate (CAGR) of 6.14% from 2023 to 2033. The market is driven by an increasing emphasis on body positivity and inclusivity, which has led to a broader range of sizes, styles, and designs that cater to diverse body types and personal preferences. Brands are now focusing on creating products that not only enhance aesthetics but also offer comfort and support, thus appealing to a wider audience. However, the market faces challenges due to economic uncertainties and fluctuating consumer spending. Economic downturns and financial instability can lead to reduced discretionary spending, affecting the sales of non-essential items like lingerie. Despite these challenges, the market shows significant resilience and adaptability. Opportunities in the lingerie market are being fueled by the rise of e-commerce and advancements in virtual fittings. The convenience of online shopping, coupled with innovative virtual fitting technologies, allows consumers to find the perfect fit from the comfort of their homes. This trend is further supported by personalized shopping experiences and targeted marketing, making it easier for brands to reach and retain customers. As a result, the lingerie market is poised for substantial growth, driven by inclusivity, technological advancements, and the expanding digital marketplace.

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The report includes 10 key players in the Lingerie market ecosystem that have been strategically profiled, along with the market ranking/share for major players. The key players profiled in the report are:

• Jockey International Inc.

• Victoria’s Secret

• Zivame

• Gap, Inc.

• Hanesbrands Inc.

• Triumph International Ltd.

• Hunkemoller

• Bare Necessities

• Calvin Klein

• MAS Holdings

The Lingerie Market is highly competitive, with a blend of established global brands and emerging players innovating to capture market share. Jockey International Inc. is renowned for its high-quality basics and comfortable designs, catering to a broad demographic. Victoria’s Secret, a market leader, is known for its glamorous and fashion-forward lingerie collections, though it has faced increasing competition and shifting consumer preferences. Zivame, an Indian brand, has carved out a significant niche with its focus on fit and comfort, leveraging a strong online and offline presence. Gap, Inc. offers a range of lingerie through its brands, focusing on affordability and everyday wear. Hanesbrands Inc. is another key player, known for its durable and comfortable products, appealing to value-conscious consumers. Triumph International Ltd. and Hunkemoller provide a mix of fashion and function, targeting various market segments with a wide array of styles and sizes. Bare Necessities excels as an online retailer, offering a vast selection of brands and styles, emphasizing convenience and variety. Calvin Klein brings a modern and minimalist aesthetic to the lingerie market, appealing to fashion-forward consumers. MAS Holdings, a significant manufacturer, partners with many global brands, driving innovation and sustainability in production.

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Market Segment By Product Type with focus on market share, consumption trend, and growth rate of Lingerie Market:

o Briefs

o Bras

o Shapewear

o Others

Market Segment By distribution channel with a focus on market share, consumption trend, and growth rate of Lingerie Market:

o Online

o Offline

Global Lingerie Geographic Coverage:

• North America

o US

o Canada

o Mexico

• Europe

o UK

o Germany

o France

o Italy

o Spain

o Benelux

o Nordic

o Rest of Europe

• Asia Pacific

o China

o Japan

o South Korea

o Indonesia

o Austalia

o Malaysia

o India

o Rest of Asia Pacific

• South America

o Brazil

o Argentina

o Rest of South America

• Middle East & Africa

o Saudi Arabia

o UAE

o Egypt

o South Africa

o Rest of the Middle East & Africa

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Key Matrix for Latest Report Update

• Base Year: 2023

• Estimated Year: 2024

• CAGR: 2024 to 2034

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This release was published on openPR.