APAC Lingerie Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.90 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Lingerie Market Analysis
Asia-Pacific Lingerie Market is projected to register a CAGR of 9.9% during the forecast period, 2022-2027.
The lasting impact of COVID-19 pandemic on health, social and economic crises combined cannot be underestimated. With months of lockdowns, international travel bans, and retail businesses shuttered, purchase and usage behavior has changed dramatically across the lingerie space, and sales have fallen across many lingerie segments. Moreover, the increasing health consciousness among consumers is a huge factor in market growth, making sustainability a fashion trend creating opportunities for many brands to switch to more ethical production, which can benefit the consumers in any way possible. For instance, in April 2021, Clovia, one of India's leading brands for women's innerwear, loungewear, and personal care, introduced "Bra-Bot," an online artificial intelligence (AI) based chatbot to help customers buy the right innerwear and other categories in the bid to improve their customer's online shopping experience closer to assisted offline retail experience and provide its customers technology-driven help for making the right purchase decisions in the product category which boasts of high customer engagement.
The Asia-Pacific Lingerie Market is mainly driven by the expanding popularity of e-commerce, rising disposable incomes, and changing consumer preferences. With the evolution in the fashion industry, lingerie manufacturers have started using fabrics such as nylon, polyester, satin, lace, sheer, lycra, silk, and cotton in their lingerie.
Lingerie brands are putting more of an emphasis on customer needs and expanding their online presence in response to the ever-expanding social consciousness movements. Additionally, the demand for luxury lingerie is supported by consumers' preference for high-end goods. To increase visibility, luxury lingerie brands have aggressively promoted their products via social media and celebrity endorsements. Furthermore, in an effort to catch consumers' attention, these brands have been launching new campaigns.
APAC Lingerie Market Trends
This section covers the major market trends shaping the APAC Lingerie Market according to our research experts:
Inclination Towards Healthy Lifestyle Trends and Athleisure
The market is expanding as a result of the rising popularity of fitness activities like yoga, weight training, aerobics, and running, as well as an increase in the number of women participating in fitness- and sport-related activities and rising rates of membership at gyms and health clubs. This includes women participating in more significant numbers in sports and movement fitness activities in countries like China, Japan, and India, among others.
Also, increased government initiatives in various countries meant to improve sports participation are playing a pivotal role in driving the demand for athletic lingerie in the last few years. Moreover, the government may invest more to encourage more consumers to participate in physical activities and strengthen links between the community and sports organizations. The rising prominence of sports activities, international sports and fitness events, social media influence, and various government initiatives and campaigns, such as '#FitIndia' (by the government of India in March 2018), is encouraging consumers to take part in various fitness and sports-related activities, thus contributing to the increasing expenditure on a healthy lifestyle.
Online Retail Stores Holds A Prominent Share in the Market
Online retail stores have been gaining popularity as the platform features product details, a questionnaire regarding the sizes, a more comprehensive selection of different brands, and a broader array of materials, designs & colors, all while offering the convenience of shopping from the comfort of one's home, thereby augmenting market growth. Furthermore, the exchange/ return policies and attractive offers and incentives offered by these channels also play an essential role in triggering the growth of lingerie sales via the online retail channel during the forecast period. For instance, in June 2020, international lingerie and apparel brand, 6IXTY8IGHT announced the brand's e-commerce launch in Japan, witnessing the opportunity in Japanese consumers' demand for young and trendy fashion lingerie and apparel at pocket-friendly prices.
Furthermore, the discrete and anonymous shopping nature of e-commerce enabled consumers to purchase different styles of lingerie including erotic lingerie from the comfort of their homes. For instance, in April 2022, fashion designer Masaba Gupta collaborated with Nykaa Fashion's brand 'Nykd by Nykaa' to launch a new and exclusive line of women's underwear. The collection, inspired by the designer's flair for Indian flowers, fruits, and spices, is made using super soft cotton fabric and features a lightweight and odor-free finish and anti-microbial finish.
APAC Lingerie Industry Overview
The Asia-Pacific lingerie market is highly fragmented and intensely competitive, with the presence of numerous local and international players competing for a major market share. The key players in the market are Hansbrands Inc., Triumph International, Hop Lun (Hong Kong) Limited, MAS Holdings, and Aimer Group.
Emphasis is given to the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Additionally, the leading market players are investing in new technology to facilitate better product knowledge among potential buyers. For instance, in May 2021, Japanese intimates brand Wacoal announced the release of mybraFit, an app that employs AI technology to calculate users' bra sizes and suggest products that suit their needs. Users of the app take a hands-free body image and answer four questions concerning their body and breast shape. They then receive an email containing information about their bra size and recommendations of Wacoal products from a wardrobe of more than 60 bra styles. Customers can select and shop these suggestions seamlessly.
APAC Lingerie Market Leaders
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Hop Lun (Hong Kong) Limited
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MAS Holdings
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Aimer Group
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Hanesbrands Inc.
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Triumph International
*Disclaimer: Major Players sorted in no particular order
APAC Lingerie Market News
- In May 2022, American Eagle Outfitters, Inc. announced the expansion of its retail presence in India through franchisees. The company aims to add another 50 stores in India over the next three years.
- In April 2022, Wacoal, the Japanese lingerie retailer, introduced its new Spring/Summer collection to strengthen its position in the market studied by launching the new collection, which has a wide range of empowering colors, intricate designs, and easy fits.
- In February 2022, Caely Holdings Bhd announced a joint venture (JV) in Indonesia this year to increase its production capacity to cater to the growing global demand for lingerie.
APAC Lingerie Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Brassiere
5.1.2 Briefs
5.1.3 Other Product Types
5.2 By Distribution Channel
5.2.1 Supermarkets/Hypermarkets
5.2.2 Specialty Stores
5.2.3 Online Retail Stores
5.2.4 Other Distribution Channels
5.3 By Country
5.3.1 China
5.3.2 Japan
5.3.3 India
5.3.4 Australia
5.3.5 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Hanesbrands Inc.
6.3.2 Jockey International Inc.
6.3.3 Aimer Group
6.3.4 Triumph International
6.3.5 MAS Holdings
6.3.6 Berkshire Hathaway
6.3.7 Zivame
6.3.8 Hop Lun (Hong Kong) Limited
6.3.9 Victoria's Secret & Co.
6.3.10 Wacoal Holdings corp.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
9. DISCLAIMER
APAC Lingerie Industry Segmentation
Lingerie is a category of women's clothing, including shapewear, undergarments, and others. This line of garments for women includes bras, panties, and camisoles, among others. A bra, short for brassiere or brassière, is a form-fitting undergarment primarily used to support breasts. The Asia-Pacific lingerie market is segmented based on type, distribution channel, and country. Asia-Pacific Lingerie Market is segmented based on product type into brassiere, briefs, and other product types. By distribution channel, the market is segmented into supermarkets/hypermarkets, specialty stores, online retail stores, and other distribution channels. By country, the market is segmented into China, Japan, India, Australia, and the Rest of Asia-Pacific. The report offers market size and forecasts in value (USD million) for the above segments.
| By Product Type | |
| Brassiere | |
| Briefs | |
| Other Product Types |
| By Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Specialty Stores | |
| Online Retail Stores | |
| Other Distribution Channels |
| By Country | |
| China | |
| Japan | |
| India | |
| Australia | |
| Rest of Asia-Pacific |
APAC Lingerie Market Research FAQs
What is the current Asia-Pacific Lingerie Market size?
The Asia-Pacific Lingerie Market is projected to register a CAGR of 9.90% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Lingerie Market?
Hop Lun (Hong Kong) Limited, MAS Holdings, Aimer Group, Hanesbrands Inc. and Triumph International are the major companies operating in the Asia-Pacific Lingerie Market.
What years does this Asia-Pacific Lingerie Market cover?
The report covers the Asia-Pacific Lingerie Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Lingerie Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Lingerie Industry Report
Statistics for the 2024 Asia-Pacific Lingerie market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Lingerie analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
