LINGERIE MARKET GLOBAL
April 24, 2023 | 21 6 minutes read
The global Lingerie Market is likely to grow at a CAGR of 6.7 percent between 2023 and 2031. Lingerie is referred to as women’s innerwear, and forms an essential apparel category. Lingerie is also considered an important fashion accessory that comes with added benefits such as additional support and comfort. Currently, consumers are very particular about their intimate hygiene and have personal preferences for certain brands as per their convenience. Presence of a large female population, coupled with their demand for innerwear for specific dresses, is considered a key factor boosting the lingerie business growth.
The global market for intimate apparel has witnessed significant growth in the past few years due to increase in popularity of western clothing in the women’s category. Rise in acceptance of various body types, coupled with the launch of multiple attractive lingerie categories, is anticipated to create new business opportunities in the global lingerie market in the near future.
According to TMR report, the global lingerie market was valued at US$ 96.3 Bn in 2022 and is projected to reach US$ 171.3 Bn by the end of 2031. Increase in availability of various lingerie types across all online and offline stores worldwide are likely to bolster market expansion in the next few years.
Regional Growth Dynamics
Prominent players in the global lingerie market include