Shapewear Market: Trends, Opportunities and Competitive Analysis (2023-2032)
Research Reports
Jul 22, 2023
Market Research Future Insights
According to MRFR analysis, the Shapewear Market is expected to register a CAGR of 5.95% from 2023 to 2032 and hold a value of over USD 7.8 billion by 2032.
The Shapewear Market refers to the industry involved in the manufacturing, distribution, and sale of undergarments or clothing items designed to shape and contour the body, providing a more streamlined and desired silhouette. Shapewear, also known as body shapers or compression garments, is typically made from elastic materials such as spandex or nylon, and it is designed to smooth, lift, and enhance specific areas of the body, including the waist, abdomen, hips, thighs, and buttocks.
The Shapewear Market has experienced significant growth in recent years, driven by factors such as changing fashion trends, increased emphasis on body shaping and contouring, and growing consumer demand for clothing that enhances their appearance.
The COVID-19 pandemic had significant impacts on the Shapewear Market. The widespread implementation of lockdowns, social distancing measures, and remote working led to a decline in social gatherings, events, and occasions where shapewear is commonly worn. With people spending more time at home and opting for casual attire, the demand for shapewear decreased significantly.
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Key Players
Some of the key market players are:
- Victoria’s Secret
- Zivame
- Triumph International
- SKIMS
- Vedette Shapewear
- Spanx
- Hanesbrands
- Jockey International
- Miraclesuit
Market Segmentation
The Shapewear Market has been segmented into type and sales channel.
Based on the type, the market has been segmented into body briefs, corsets, body shapers, control camisoles, long legs, and seamless products
Based on the sales channel, the market has been segmented into store and non store based.
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Regional Analysis
The largest region in the Shapewear Market is North America. North America has a sizable population, including the United States and Canada, which contributes to a large consumer base for shapewear products.
The region has a strong emphasis on fashion trends and beauty ideals, with consumers actively seeking ways to enhance their appearance. Shapewear aligns with this trend by providing body contouring and slimming effects.
North America has a well-developed retail infrastructure, including physical stores and online platforms, making it easier for consumers to access and purchase shapewear products.
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