The Latest Shapewear Industry Statistics Explained
The global shapewear market size was valued at USD 2.62 billion in 2019.
The statistic ‘The global shapewear market size was valued at USD 2.62 billion in 2019’ indicates the total monetary value of the shapewear market worldwide in that specific year. This figure reflects the total revenue generated from the sales of shapewear products such as undergarments, bodysuits, and leggings across various regions globally. The market size serves as a key metric to understand the scale and economic significance of the shapewear industry, highlighting its growth and potential for businesses operating within this sector. Additionally, this statistic can provide insights into consumer demand, market trends, and opportunities for further market expansion and development within the shapewear industry.
The market is expected to grow at a compound annual growth rate (CAGR) of 7.7% from 2020 to 2027.
This statistic indicates that the market is projected to increase in size consistently over the period from 2020 to 2027, with a compound annual growth rate (CAGR) of 7.7%. CAGR provides a smoothed annual growth rate that captures the effect of compounding, meaning that the growth rate is applied to the initial market size each year. In this case, the market is anticipated to expand by an average of 7.7% per year over the stated timeframe. This information is valuable for stakeholders, as it helps predict the future size and potential of the market, guiding strategic decision-making and investment considerations.
Online distribution channels held more than 35.0% share of the global market in 2019.
The statistic indicating that online distribution channels held more than 35.0% share of the global market in 2019 suggests that digital platforms, such as e-commerce websites and online marketplaces, played a significant role in the distribution of goods and services worldwide during that year. This data point highlights the growing importance of online channels in reaching consumers and facilitating transactions, reflecting a shift towards digitalization and e-commerce as key drivers of global trade and commerce. The figure of more than 35.0% indicates a substantial portion of market share held by online distribution channels, underscoring the increasing dominance and influence of digital platforms in the contemporary marketplace.
In the year 2020, the shapewear market witnessed about a 64.4% year-on-year increase in U.S sales.
The statistic states that in the year 2020, the shapewear market in the United States experienced a significant 64.4% year-on-year increase in sales. This suggests a notable surge in consumer demand for shapewear products over the previous year. The sharp increase could be attributed to various factors such as changing fashion trends, increased awareness about body positivity, and the growing influence of social media. This statistic not only highlights the strong performance of the shapewear market but also indicates potential opportunities for businesses operating in this sector to capitalize on the growing demand for body-shaping garments.
The shapewear segment holds 16.6% of the lingerie market.
The statistic that the shapewear segment holds 16.6% of the lingerie market indicates the proportion of the overall lingerie market that is attributed to shapewear products. This suggests that shapewear items, such as control briefs and body shapers, are popular among consumers and hold a significant share of the market. The percentage can provide insights into consumer preferences and trends within the lingerie industry, showing the demand for products that offer body shaping and contouring features. Companies in the shapewear sector may use this information to strategize their marketing efforts and product development to capitalize on this segment’s market share.
The Asia-Pacific shapewear market is projected to grow at a CAGR of 8.1% from 2021-2027.
This statistic indicates that the Asia-Pacific shapewear market is expected to experience a Compound Annual Growth Rate (CAGR) of 8.1% between the years 2021 and 2027. This means that over this time period, the shapewear market in the Asia-Pacific region is forecasted to increase at a steady annual rate of 8.1%. This growth rate suggests a positive trend in consumer demand for shapewear products in the region, potentially driven by factors such as changing fashion trends, increasing disposable income, and rising awareness of body image and wellness. Companies operating in the shapewear industry may find opportunities for expansion and investment in the Asia-Pacific market based on these growth projections.
Shapewear is most popular among women aged between 18 and 34, with 60% of females in this age group wearing it.
The statistic indicates that Shapewear is particularly favored by women who fall within the age range of 18 to 34, with a significant 60% of females in this demographic choosing to wear it. This suggests that younger women are more inclined to use Shapewear as a means to shape and enhance their bodies. The popularity of Shapewear among this age group could be influenced by various factors such as societal beauty standards, media influence, and personal body image concerns. Understanding this trend can be valuable for businesses in the fashion and apparel industry targeting young women, as they can tailor marketing strategies and product offerings to cater to this specific demographic.
The U.S. is the largest shapewear market in the world, accounting for revenue of over $2 billion in 2020.
The statistic indicates that in 2020, the United States held the largest market share in the global shapewear industry, generating over $2 billion in revenue. This signifies a substantial consumer demand for shapewear products in the U.S., reflecting a strong preference for body-shaping undergarments among the population. The significant revenue generated also suggests a thriving market with opportunities for shapewear manufacturers and retailers to capitalize on this trend. Additionally, it highlights the influence of factors such as changing fashion trends, increased body positivity movement, and the growing emphasis on body image in society, contributing to the popularity and growth of the shapewear market in the country.
The control and slimming shapewear product category accounted for a 41% share of the U.S. women’s shapewear market in 2021.
In 2021, the control and slimming shapewear product category held a significant portion of the U.S. women’s shapewear market, capturing a 41% share. This statistic indicates that a significant proportion of consumers in the U.S. who purchase women’s shapewear are interested in products that offer control and slimming features. The popularity of these products suggests a growing interest among consumers in achieving a more sculpted and toned appearance through shapewear. This strong market share demonstrates the importance and relevance of control and slimming shapewear within the overall women’s shapewear market in the U.S.
In 2021, dress shapewear had a 26% share of the U.S women shapewear market.
The statistic “In 2021, dress shapewear had a 26% share of the U.S women shapewear market” indicates that dress shapewear, a type of undergarment that helps to streamline and shape the body when wearing a dress, accounted for 26% of the total sales within the women’s shapewear market in the United States for that year. This suggests that dress shapewear is a popular choice among women looking to enhance their silhouette when wearing dresses, and it holds a significant portion of the market share compared to other types of shapewear products. This statistic provides insights into consumer preferences and trends within the shapewear industry, highlighting the importance of dress shapewear as a key product category within the market.
Online sales of shapewear in the United States saw an impressive 80% of growth from 2019 to 2021.
The statistic that online sales of shapewear in the United States experienced an impressive 80% growth from 2019 to 2021 indicates a substantial increase in the demand for shapewear through online channels over the two-year period. This growth suggests a strong consumer interest in shapewear products, possibly driven by factors such as increased emphasis on body positivity, changing fashion trends, and the convenience of online shopping. The 80% growth rate highlights a significant shift towards online retail platforms for purchasing shapewear, likely impacting traditional brick-and-mortar stores as consumers increasingly turn to digital channels for their shopping needs.
Europe is set to grow at approximately 7.9% CAGR and is predicted to reach over USD 815.6 million by 2026.
The statistic presented indicates that Europe is projected to experience a Compound Annual Growth Rate (CAGR) of around 7.9% over the specified period. This growth trajectory suggests that the region’s market size is expected to surpass USD 815.6 million by the year 2026. The forecasted growth rate highlights a positive outlook for the European market, indicating a strong potential for expansion and development within the specified timeframe. This statistic serves as a key indicator of the robust economic performance and market opportunities within Europe, emphasizing the region’s attractiveness for investment and business activities in the coming years.
By the end of 2019, the women’s segment dominated the shapewear market holding over 90% of the market share.
The statistic indicates that by the end of 2019, women accounted for over 90% of the shapewear market, showcasing a dominant presence in this particular industry. This suggests that the shapewear market is primarily driven by women consumers who are interested in products that help shape and sculpt their bodies. The overwhelming market share held by women in the shapewear industry could be attributed to various factors such as cultural norms, societal pressures, and evolving fashion trends that prioritize body shaping and contouring. This statistic underscores the significant influence and purchasing power of women in the shapewear market and highlights the importance of understanding and catering to their specific needs and preferences within the industry.
The key players in the industry include Hanesbrands Inc., Triumph International, Jockey International, Spanx, and Leonisa.
This statistic highlights some of the key players in the industry of intimate apparel and lingerie, providing a glimpse into the competitive landscape of the market. Hanesbrands Inc., Triumph International, Jockey International, Spanx, and Leonisa are recognized names in the industry known for their high-quality products and established market presence. The inclusion of these companies suggests that they have a significant market share and influence within the industry, potentially dictating trends, pricing, and consumer preferences. Understanding the key players in an industry is essential for market analysis, competitive positioning, and strategic decision-making.
In terms of value, the Global shapewear market is anticipated to reach US$ 4.4 Bn by 2030.
The statistic indicates that the global shapewear market is expected to grow significantly in value, reaching an estimated total of US$ 4.4 billion by the year 2030. This anticipated growth suggests a strong demand for shapewear products globally, driven by factors such as changing fashion trends, increasing focus on body positivity and aesthetics, and rising awareness about the benefits of shapewear. The projected market value of US$ 4.4 billion implies a lucrative and expanding industry that offers opportunities for businesses and investors operating in the shapewear market to capitalize on this growth potential in the coming years.
The Bottom Shaping segment return the highest revenue, earning over 35% of the global market share.
The statistic indicating that the Bottom Shaping segment returns the highest revenue, earning over 35% of the global market share illustrates the significant market dominance and financial success of this particular product category within the industry. This statistic suggests that consumers have a strong preference for Bottom Shaping products over other product segments, driving a substantial proportion of total sales revenue in the market. The data highlights the importance and popularity of Bottom Shaping items, signaling a lucrative opportunity for companies operating within this segment to capitalize on its competitive edge and further enhance their market position.
By country, China was the second-largest consumer of shapewear globally in 2021, with a sales revenue of $182.31 million.
In 2021, China ranked as the second-largest consumer of shapewear globally based on sales revenue, amounting to $182.31 million. This statistic indicates that the demand for shapewear products, which are undergarments designed to help shape and slim the body, was particularly strong in China throughout the year. The high sales revenue suggests that there is a significant market for shapewear within the country, likely driven by factors such as increasing awareness of body positivity, fashion trends, and the influence of social media. As the second-largest consumer of shapewear globally, China’s market for these products is substantial, reflecting the preferences and purchasing behaviors of consumers in the country.
References
0. – https://www.www.grandviewresearch.com
1. – https://www.www.globenewswire.com
2. – https://www.www.alliedmarketresearch.com
3. – https://www.www.statista.com
4. – https://www.www.arizton.com
5. – https://www.www.prnewswire.com
