Global Shapewear size is expected to be worth around USD 4.9 Bn by 2032 from USD 2.7 Bn in 2022, growing at a CAGR of 6.2% during the forecast period from 2023 to 2032.
Overview:
Shapewear, an emerging category of undergarment and clothing designed to offer support, compression, and shaping benefits to various areas of the body, has seen incredible popularity in recent years. It includes products such as bodysuits, waist cinchers, leggings, bras, and more for both men and women; its primary goal is creating a smoother silhouette by eliminating bulges while simultaneously accentuating body contours.
Driving Factors:
The reasons for the expansion of the shapewear industry are diverse. Social media's prominence on appearance and body issues has encouraged individuals to seek temporary and non-invasive ways of attaining desired body shapes; further, advancements in fabric technology have resulted in more comfortable and breathable options available, propelling its adoption.
Present Trends:
Shapewear has quickly evolved beyond its practical uses into an important fashion statement. Seamless and lace-trimmed designs are on trend, blurring the boundaries between innerwear and outerwear. High-waisted shorts and leggings remain in high demand as a discreet solution that offers shaping effects without showing. In addition, there are growing market trends toward eco-friendly materials - in keeping with broader movements toward sustainable fashion.
Key Market Segments
By Fabric Type Analysis
- Nylon
- Spandex
- Cotton
- Lycra
By Distribution Channel Analysis
- Online
- Supermarkets/ Hypermarkets
- Specialty Stores
- Other
End-User Analysis
- Women
- Men
Present Trends:
Shapewear has quickly evolved beyond its practical uses into an important fashion statement. Seamless and lace-trimmed designs are on trend, blurring the boundaries between innerwear and outerwear. High-waisted shorts and leggings remain in high demand as a discreet solution that offers shaping effects without showing. In addition, there are growing market trends toward eco-friendly materials - in keeping with broader movements toward sustainable fashion.
Top Key Players in the Shapewear Market
- Spanx, Inc.
- Leonisa
- Ann Chery
- Hanesbrands Inc.
- Contourglobal PLC
- Miraclesuit
- CPS Shapers Pvt. Ltd.
- Swee Shapewear Pvt Ltd
- Triumph International
- Jockey International, Inc.
- Yummie
- Other Players
Driving Factors:
The reasons for the expansion of the shapewear industry are diverse. Social media's prominence on appearance and body issues has encouraged individuals to seek temporary and non-invasive ways of attaining desired body shapes; further, advancements in fabric technology have resulted in more comfortable and breathable options available, propelling its adoption.
Recent Trends:
Trends in the shapewear industry include collaborations between shapewear brands and fashion designers to create more aesthetically appealing designs, as well as technological advancements resulting in smart textiles/fabrics that not only offer shaping benefits but also moisture wicking, temperature regulation, and posture correction features.
