Lingerie Market Size and Growth 2023-2028

IMARC Group’s latest report, titled “Lingerie Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, 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.

Lingerie is a lightweight and stretchable undergarment that is usually produced from a blend of lace, chiffon, cotton, sheer charmeuse fabric, satin, polyester, elastane, silk, and nylon. It is generally worn under clothing to protect clothes from bodily secretion and for maintaining hygiene. Besides this, it is also used as sportswear, fashionable and bridal clothing among consumers. It is readily available in standalone and multi-brand retail stores that offer a variety of colors, patterns, sizes, designs, and materials. Some of the popular lingerie variants available in the market include bodysuits, shapewear, bralettes, camisoles, knickers, thongs, corsets, briefs, and girdles.

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Lingerie Market Growth and Demand:

The growing inclination of consumers toward trendy intimate wear and sportswear majorly drives the global market. This can be attributed to the changing outlook toward lingerie and underwear from being a necessity to fashion products that complement a body. Along with this, the widespread adoption of aggressive promotions and marketing activities on several social media platforms to expand the consumer base is significantly supporting the market. Furthermore, the advent of sustainable product variants, such as the introduction of lingerie produced using biodegradable materials via environmentally friendly production processes on account of accelerating environmental consciousness among the masses, is creating a positive market outlook. Some other factors driving the market include continuous improvements in the e-commerce sector and the emergence of home delivery models.

Competitive Landscape with Keyplayers:

• 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

Key Market Segmentation:

Breakup by Product Type:

• Brassiere
• Knickers or Panties
• 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