The Global Luxury Lingerie Market size is expected to grow from USD 11.65 billion in 2022 to USD 22.87 billion by 2030, at a CAGR of 8.8% during the forecast period (2023-2030).
luxury lingerie market is fashionable and very beautiful lingerie. Luxury lingerie includes bras, knickers and panties, bodysuits, corsets, camisoles, and much more. Soft, flexible, stretchy, or decorative materials such as lycra, silk, polyester, nylon (nylon tricoat), satin, lace, and soft fabric are used Cotton or underwear a some of them are also used to make beautiful clothes. Such stylish and stylish underwear has a positive effect on women’s minds and bodies. Sleek clothes can make a woman feel inspired to dress outdoors as well. They effectively boost the confidence and self-esteem of women who wear them. When worn, some sexy clothes, such as brassieres and G-strings, can look tight and help flatter the body. Increasing demand of women for shapewear bras and other accessories to help look good and enhance body aesthetic appeal is projected to cushion the luxury lingerie market during the forecast period Besides, increasing exposure of working women in life conventions also shapewear, seamless panties, bralettes and pushup bras contribute to increased demand.
Key Players Covered In Luxury Lingerie Market:
Victoria's Secret, LaSenza, Maniform, Fruit of the Loom, Agent Provocateur, Honey Birdette, La Perla, Fleur du Mal, Coco de Mer, Cosabella, Jockey, Savage & Fenty, MarieMur, Third Love, Adore Me, Enamor, Calvin Klein, Lounge Lingerie, and Other Major Players.
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Market Dynamics:
Drivers:
The increasing number of women in the workforce has led to significant improvements in revenue per consumer, and has had a significant impact on spending. While the number of women has become increasingly independent, there has been an increase in their willingness to live modestly. Additionally, a large number of working women have fortunately become increasingly conscious about their hygiene, appearance and standard of living and have gravitated towards luxurious and luxurious accessories. The sale of luxury textiles has grown rapidly across the globe due to a significant rise in the purchasing power of women. Thus, improving the modern lifestyle of women is estimated to boost the sales of luxury apparels during the forecast period.
Restraints:
The luxury textile market is highly fragmented with a number of notable players. Manufacturers compete fiercely for high quality, pricing, innovative design and supply chain. However, the under-organized sector is a major constraint adversely affecting the growth of the haute couture market.
Opportunity:
Social media offers potential growth opportunities for product placement and branding to bridge the gap between consumers & marketers. The increasing number of women who have embraced the social media trends has changed the business landscape, creating lucrative opportunities for brands. Social media influencers create and publish blogs on social networking sites such as Instagram, Twitter, Facebook and YouTube which increase the sales of luxury clothes across the globe. Manufacturers also use social media websites to promote their brands and build relationships with their key customers by offering exclusive offers.
Market Segments:
By Type:
· Bra
· Knickers & Panties
· Camisole
· Shape Wear
· Others
By Distribution Channel:
· Online
· Offline
Regional Analysis:
The expanded luxury apparel portfolio of leading brands in the region is driven by growing fashion trends, higher spending, higher demand for luxury luxury brands, and major players in the region and it is controlled. The category is one of the most prominent growth factors that makes the market strong The luxury lingerie manufacturers have increased their focus in an attractive way on high quality products for each shape and size. The increasing demand for luxury underwear has also contributed to the growth of the regional market. Since then, the North American region has grown rapidly with a significant increase in online and offline distribution channels for these products, as well as a wider range of products available.
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