Global Intimate Wear Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Intimate Wear Market 2021 (Includes Business Impact of COVID-19)
Global Intimate Wear Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global intimate wear market report has been segmented on the basis of gender, age group, distribution channel, and region.
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The global Intimate Wear market size was valued at USD$ 211.97 billion in 2020 and is projected to reach UDS$446.02 billion by 2030, and is anticipated to expand at a CAGR of 7.72% over the forecast period from 2020 to 2030.


Global Intimate Wear Market: Overview


Intimate wear or apparel products are undergarments for women and men. Intimate apparel products are mainly used to keep body in shape and maintain personal hygiene. The various types of branded products available in the market such as sleepwear, sportswear, beachwear, shape wear, swimwear, and many more.


Global Intimate Wear Market: Dynamics


Increasing awareness about hygiene, changing lifestyle, and growing awareness about intimate apparels among individuals in the emerging countries across the globe are major factors driving growth of the global intimate wear market. In addition, increasing fashion conscious among end users and increasing urbanization are important factors expected to fuel growth of the global market.

Increasing demand for variety of apparel products with designer patterns and increasing importance of apparel products which are beneficial to human health during various physical activities are some key factors expected to boost growth of the target market during the forecast period. In addition, rising demand for intimate wear among individual due to comfortable nature of the fabric material used to manufacture these products and growing developments in textile industry that satisfy performance, quality and comfort needs of the individuals are among the other factors expected to support for growth of the target market during the forecast period.

However, rising incidences of skin allergies after wearing intimate wears is major factor expected to restraint growth of the global market to a certain extent.


Global Intimate Wear Market: Segment Analysis


On the basis of gender, women segment is estimated to account for a major share in terms of revenue in the global market, owing to increasing fashion conscious among female population, raised spending on intimate wear, and increasing awareness about various types of women intimate wear such as shape wear, sportswear, lingerie, maternity wear, swim wear, and sleep wear across the globe.

On the basis of age group, 36 years and above segment is expected to dominate the global intimate wear market, owing to high spending ability, high awareness about the different brands along with various designer patterns, quality, and comfort need of the intimate apparel products among individuals of the 36 years and above age group across the globe.


Global Intimate Wear Market: Region Analysis


The market in Asia Pacific is estimated to account for highest revenue share in the global market followed by market in the North America, owing to well-developed textile manufacturing infrastructure, availability of skilled labor, high fashion conscious among end users, and strong supply chain in economies such as India, China, and other countries in these regions. Market in Europe, Latin America, and Middle East & Africa are expected to witness lucrative growth in terms of revenue, owing to increasing awareness about the personal hygiene and importance of intimate apparel among individuals in countries in these regions.

Global Intimate Wear Market Segmentation:

Segmentation by gender:

  
Men
  
Women

Segmentation by age group:

  
13-17 Years
  
18-35 Years
  
36 Years & Above

Segmentation by distribution channel:

  
Mass Merchandizers
  
Mono Brand Stores
  
Specialty Stores
  
Online Stores


Key Market Players included in the report:


  


  
Agent Provocateur ltd
  
American Eagle Outfitters, Inc.
  
ANN SUMMERS LTD.
  
Calzedonia
  
Chantelle Group
  
Fruit of the Loom, Inc.
  
Hanesbrands Inc.
  
Hanky Panky, Ltd.
  
Hunkemoller
  
Jockey International, Inc.
  
Kiabi
  
L Brands, Inc.
  
La Perla
  
LASCANA
  
Marks & spencer
  
MAS Holdings Limited
  
Oysho
  
Penti
  
PVH Corp.
  
SCHIESSER




  
The Bendon Group
  
Triumph International AG


Below are the key development related to Intimate Wear Market in 2020 and 2021.


May 2021: TZP Group ("TZP"), a multi-strategy private equity firm, announced that the firm has led the Series B of Knix Wear, Inc. ("Knix" or the "Company"), a leading direct-to-consumer intimate apparel brand, with participation from existing Knix investors, including Acton Capital, and alongside new investor, Supermodel and Entrepreneur Ashley Graham. Source

August 2020: Walmart sells intimates site Bare Necessities to Israeli company. Walmart has sold its online intimate wear brand Bare Necessities to an Israeli company for an undisclosed sum. Delta Galil Industries, Ltd., is a global manufacturer and marketer of branded and private label apparel products for men, women and children. Source

December 2019: Yarns producer buys well-established hosiery, tights and intimate wear brand. Fulgar, a leader in the production of innovative man-made yarns has acquired Pompea, a well-established hosiery, tights and intimate wear brand. Source