Asia Pacific Shapewear Market Size & Outlook, 2020-2028
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Asia Pacific shapewear market highlights
- The Asia Pacific shapewear market generated a revenue of USD 425.6 million in 2020.
- The market is expected to grow at a CAGR of 8.5% from 2021 to 2028.
- In terms of segment, female was the largest revenue generating end user in 2020.
- Male is the most lucrative end user segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2021 to 2028.
Asia Pacific data book summary
| Market revenue in 2020 | USD 425.6 million |
| Market revenue in 2028 | USD 816.2 million |
| Growth rate | 8.5% (CAGR from 2020 to 2028) |
| Largest segment | Female |
| Fastest growing segment | Male |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Female, Male |
| Key market players worldwide | Nike Inc Class B, Adidas AG, Wacoal Holdings Corp, Under Armour Inc Class A, Spanx, Triumph International, Leonisa USA, 2XU, SKINS |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.4% of the global shapewear market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 816.2 million by 2028.
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Shapewear Market Scope
Shapewear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific shapewear market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to shapewear market will help companies and investors design strategic landscapes.
Female was the largest segment with a revenue share of 92.88% in 2020. Horizon Databook has segmented the Asia Pacific shapewear market based on female, male covering the revenue growth of each sub-segment from 2016 to 2028.
Increasing number of compassionate shoppers who are willing to buy quality fabrics, rising popularity of compression wear, and availability of a wide range of shapewear products are the factors instrumental in driving the market demand.
Startups, new entrants, and domestic players in the region have been penetrating the shapewear market by launching new products for men and women. Developing countries such as India and China have been upgrading their fabric technologies and investing more in research & development activities to create more innovative products.
For instance, India-based online lingerie startup Buttercups raised funding from Google India MD Rajan Anandan and angel investor Chandra Chappadi in January 2018. The main motive of the startup was to incorporate a no-inventory model and introduce new product ranges in lingerie and shapewear categories.
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Target buyers of Asia Pacific shapewear market databook
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Our clientele includes a mix of shapewear market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific shapewear market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific shapewear market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Asia Pacific shapewear market size, by country, 2016-2028 (US$M)
Asia Pacific Shapewear Market Outlook Share, 2020 & 2028 (US$M)
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