Product Overview Lingerie is an integral part of a woman’s wardrobe, and as fashion trends change, so does the market for lingerie with exclusive designs and patterns. Lingerie is a style of undergarment that is usually made of one or more stretchy fabrics.
New York, June 17, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Lingerie Market: Segmented by Product Type; by distribution channel; and by Region – Global Market Size, Share & Trend Analysis 2019 – 2020 and Forecast to 2030″ – https://www.reportlinker.com/p06191882/?utm_source=GNW
Nylon, polyester, satin, lace, sheer fabrics, lycra, and silk are examples of such fabrics. These materials are generally not used in more practical and simple underwear. Cotton is widely used in these products. Lingerie designers are increasingly emphasizing lace, embroidery, luxury fabrics and lighter shades in their designs. Manufacturers and wholesalers buy lingerie, which is then sold to the general public. Since lingerie has become a valuable commodity in the fashion industry, many catalogs, supermarkets and e-commerce sites are expanding their range of lingerie. Lingerie has higher profit margins than traditional fashion, so marketers spend more time and resources in the market. New lingerie lines are on sale, as well as older lingerie pieces that have been redesigned. The lingerie industry is becoming more and more competitive. As a result, manufacturers and retailers are focusing on niche lingerie products.
The global lingerie market is expected to project a notable CAGR of 6.62% in 2030.
The global lingerie market will exceed USD 64.3 billion by 2030 from USD 33.87 billion in 2020 at a CAGR of 6.62% in the coming years i.e. 2021-30. The growth of this market is attributed to the development of the e-commerce sector, including shopping websites. This, in turn, is driving major players to focus on improving their business through online stores and sites. E-commerce allows the simple purchase of goods made in remote locations. This, in turn, has made a major contribution to the development of the global lingerie industry.
Global lingerie market: segments
Bras Segment to Grow with Highest CAGR in 2020-30
The global lingerie market is segmented by product type into bras, panties, shape wear and others. The brassiere segment held the largest market share in 2020. Continuous fabric supply and technical advancements have enabled designers to produce breakthrough products while maintaining market supremacy. Companies use fabrics with elastic laces, pleated polyester, tulle and microfiber for the innovativeness of lingerie. Developments such as seamless cups, patterns and complete brewery t-shirts are now easily accessible with various precise sizes. Ritratti, for example, is an Italian brand that produces bras with built-in liquid silicone. Mesh Intimate, on the other hand, offers ruffled bras.
Online Segment Expected to Grow with Highest CAGR in 2020-30
The global lingerie market is segmented by online and offline distribution channels. During the forecast period, the online distribution channel is expected to grow at the fastest pace. Sales through this channel have been fueled by the growing popularity of e-commerce platforms among manufacturers and high internet penetration.
Increase awareness of best fit and increasing availability
During the forecast period, the market is expected to be fueled by growing awareness of the best solution, growing millennial population, and increased purchasing power among women. The global market is also driven by the growing availability of a wide range of products in different designs for various purposes such as sportswear, bridal wear and everyday wear. The growing growth of the global market can also be attributed to women’s desire to enhance their natural attractiveness.
Growing Concerns Over Versatile Use of Fabric and Major Manufacturers
Another factor driving demand is the growing concern over the use of versatile fabrics in lingerie. The use of fabrics such as nylon, polyester, satin, lace, voile, lycra, silk, and cotton increases the demand for this product. Designers are emphasizing lace, embroidery, luxurious fabrics and lighter hues in their lingerie, which should drive demand during the forecast era. Color, fabric and style are becoming increasingly important to customers, leading manufacturers to introduce chic lingerie that can be worn for a variety of activities. Jockey, for example, offers a wide variety of nursing and sports bras. Consumer demand for natural-looking seamless and one-piece intimate apparel is increasing, fueling the development of the global market.
Changing fashion trends as well as consumer tastes
Changing fashion trends, along with ever-changing customer tastes and expectations, have led to an increase in lingerie market prices over time. As a result, the rising cost of production for the market is having a negative effect on the global lingerie industry.
Global lingerie market: key players
Company overview, business strategy, key product offerings, financial performance, key performance indicators, risk analysis, recent development, regional presence, SWOT analysis
Marks & Spencer Group plc
Jockey International, Inc.
Fashion Nova, Inc.
Hennes & Mauritz AB
LVMH Moet Hennessy – Louis Vuitton SE
Hunkemoller International BV
Other top players
Global lingerie market: regions
The global lingerie market is segmented on the basis of regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Global Lingerie in Asia-Pacific held the largest market share of XX.X% in 2020 in terms of revenue. To gain a competitive edge, companies differentiate their products in terms of offerings, size, content, packaging, and design. Companies are now using digital and social media ads to notify customers of new product launches. Product demand is driven by a better understanding of the best combinations as a use, changes in the lifestyles of millennial workers, increased incomes to invest in the best products available, and an obsession with maintaining a well maintained structure. Consumers are likely to spend money on new products in the near future. To cater to a larger clientele, foreign companies are opening stores in the city.
The global lingerie market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – US & Canada
Latin America Market size, share, trends, opportunities, annual growth, CAGR – Mexico, Argentina, Brazil and rest of Latin America
European Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – UK, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Market Size, Share, Trends, Opportunities, YoY Growth, CAGR of Asia-Pacific Market – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East & Africa Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – North Africa, Israel, GCC, South Africa & Rest of MENA
The Global Lingerie Market Report Also Contains Analysis On:
Lingerie market segments:
By product type
By distribution channel
Dynamics of the lingerie market
Size of the lingerie market
Offer and demand
Competition and companies involved in the market
Market value chain
Market drivers and restraints
Scope and Segmentation of the Lingerie Market Report:
Frequently Asked Questions
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