(MENAFN- Ameliorate Digital Consultancy) The Intimate Apparel Market was at US$ 80 Billion in 2021 and is growing to approx US$ 98 Billion by 2030, with a CAGR growth of 2.5% between 2022 and 2030.
The Global Intimate Apparel Market size was estimated at USD 80 billion in 2021 and is expected to reach USD 82 billion in 2022 and is anticipated to reach around USD 98 billion by 2030, growing at roughly 2.5% between 2022 and 2030.
Our research report offers a 360-degree view of the Intimate Apparel market's drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Intimate Apparel market.
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Intimate Apparel Market: Overview
Undergarments worn adjacent to the skin beneath outer clothing are known as intimate apparel. A corset is a sort of personal clothing worn as a foundation piece by men or women to change their body shape. A tight dress helps prevent bodily excretions from damaging or soiling outer clothing and reduces friction between outerwear and the skin. Additionally, intimate clothing shapes the body and supports or hides specific body components. Therefore, they go by the name of intimate apparel as well.
There are two main categories of intimate clothing: those used to cover the torso and those worn to protect the waist and legs, though there are also items that cover both. For example, underpants, drawers, and shorts cover the genital and buttocks, while an undershirt, often known as a vest, covers the torso. Although“lingerie” is often used to refer to underwear for both sexes, it is more often linked with women's intimate clothing. For women, the essential tight dress includes thermals, hosiery, sleep lingerie, bras, and underwear. As seasonal swings occur, intimate apparel also picks up steam among retail stocks.
Intimate Apparel Market: Report Scope
The study focuses on Intimate Apparel market analysis on a global scale, and market sizing includes the income generated by these solutions provided by different market players. To support the market projections and growth rates over the anticipated 2022-2030, the study monitors essential market factors, underlying growth influencers, and significant vendors active in the sector. The study also examines how COVID-19 has affected the ecology generally. The scope of the study includes market sizing and forecast for segmentation by gender, distribution channel, and geography.
Intimate Apparel Market: Key Insights
A) As per the analysis shared by our research analyst, the Intimate Apparel market is estimated to grow annually at a CAGR of around 2.5% over the forecast period (2022-2030).
B) In terms of revenue, the Intimate Apparel market was valued at around USD 80 Billion in 2021 and is projected to reach USD 98 Billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
C) The market for personal gear in Asia is driven by changing consumer profiles and an increase in new-age customers with high-income levels, fashion awareness, and a desire to spend on premium goods.
D) One of the significant intimate apparel market trends anticipated to benefit the industry in the coming years is the rising trend of athleisure. According to the fashion trend known as“athleisure,” individuals can wear clothes for athletic pursuits or exercises to work, social gatherings, and other informal settings.
E) Lingerie marketing and distribution-focused e-commerce platforms have grown dramatically during the past several years. Millennials prefer online stores to get the best deals on well-known brands and the newest styles and trends that top celebrities endorse.
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Intimate Apparel Market: Regional Landscape
During the forecast period, Europe is anticipated to have faster CAGR growth than the rest of the world due to an increase in critical players' initiatives to address the rising consumer demand for lingerie. For instance, in 2018 European Lingerie Group purchased Avangard, a Russian distributor of lingerie and medical fabrics. As a result, the company hopes to increase fabric sales to its Russian lingerie customers with the acquisition.
Intimate Apparel Market: Key Players
Hanes Brands Inc.
Berkshire Hathaway Inc.
L Brand Inc.
Jockey International Inc.
MAS Holdings
American Eagle Outfitters (Aerie)
Triumph International Ltd.
Ann Summers
PVH Corporation
Hanky Panky Ltd.
Marks & Spencer
Chantelle Group
LVMH
The Intimate Apparel Market is segmented as follows:
By Gender
Women
Lingerie
Shape Wear
Sleep Wear
Sports Wear
Maternity Wear
Men
Vests
Briefs
Regular Briefs
Boxer Briefs
Boxer Shorts
Trunks Briefs
Others
By Distribution Channel
Online
Offline
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