Shapewear Market Report, 2021 Share, Key Players, Segmentation Analysis, Business Growth and Forecast to 2027, Growth, Applications, Major Drivers, Value and Foreseen till 2027

 As per UnivDatos Market Insights, Shapewear Market was valued at US$ 2.5 billion in 2020 and is expected to reach US$ 4.1 billion by 2027, registering a CAGR of 7.22% during the forecast period (2021-2027). 

Shapewear Market is ready to propel the grow at around 7.22% during the forecast period. The market's growth is aided by the rising younger population around the world. Obesity and weight problems are well-known issues in modern societies all over the world demanding the growth of Shapewear Market. As of 2019, nearly 39% of adults (18 years and older) worldwide were overweight. Changing lifestyle incurs increased investment in fitness and related accessories, has positively impacted the market growth. Shapewear assists in squeezing the extra fat, making the body look slimmer. Shapewear garments can directly help in achieving inch loss and indirectly facilitate wearers to lose weight. Many of the products provide 3X compression for wearers problem areas, and regularly wearing them could help them go down 1-3 sizes.

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According to a survey conducted by INVISTA, 93% women prefer lingerie that would provide shaping and contouring functionalities. The average age of consumers using shapewear is between 38 to 42 years, considering women undergo weight gain at this stage due to pregnancy and menopause. A survey of Kaleidoscope customers, asking for their thoughts on lingerie and shapewear, of the customers surveyed, 43% of women said they bought shapewear for their waist, 17% to enhance their overall shape and 11% for their hips. The most popular shapewear colour choice was tan, followed by black and then white. The survey results showed that 51% of customers who bought shapewear, bought for a special occasion.

The report “Shapewear Market: Current Analysis and Forecast (2021-2027)” by UnivDatos Market Insights delivers a comprehensive analysis of gender, type, distribution channel, application, and region. 

Shapewear Market Segmentation

By Gender: 

·       Male

·       Female

 By Types: 

·       Body Shapers

·       Corsets

·       Seamless

·       Waist Cinchers

·       Camisoles

·       Leggings

By Distribution Channel:

·       Online

·       Offline

By Application:

·       Performance & Recovery

·       Body Shaping & Lifestyle

By Region:

·       North America

Ø  United States

·       Europe

Ø  United Kingdom

Ø  Germany

·       Asia-Pacific

Ø  China

Ø  India

·       Central & South America

Ø  Brazil

·       Rest of World

Based on gender, the market has been segmented into Male, and Female. Female segment was valued at US$ XX million in 2020 and is likely to reach US$ XX million by 2027 growing at a CAGR of XX% between 2021-2027. 

Based on product type, the market is divided into Body Shapers, Corsets, Seamless, Sneaker, Joggers, and Leggings. XX segment accounted for a market valuation of US$ XX million in 2020 and is expected to reach US$ XX million by 2027, growing at a CAGR of XX% over the analyzed period.

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Based on distribution channel, the market is bifurcated into Online, Offline. Offline segment generated revenue of US$ XX million in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of US$ XX million by 2027.

Based on application, the market is segmented into Performance & Recovery, and Body Shaping & Lifestyle. Body Shaping & Lifestyle segment generated for a market valuation of US$ XX million in 2020 and is expected to reach US$ XX million by 2027, at a CAGR of XX% over the analyzed period.

Additionally, this report also provides insights for major regions including North America, Europe, Asia-Pacific, Central & South America, and the Rest of the World. According to UnivDatos Market Insights, the XX region of the “Shapewear Market” was valued at US$ XX million in 2020 and is likely to reach US$ XX million by 2027 growing at a CAGR of XX% from 2021-2027.

Key players

The market is highly fragmented due to the presence of different large, small, and medium-scale players. Some of the key players that hold major market share include companies are:

·       Nike Inc.

·       Spanx Inc.

·       Adidas AG

·       Triumph International Corporation

·       Leonisa SA

·       Wacoal America Inc.

·       Ann Chery

·       2XU Pty. Ltd.

·       Under Armour Inc.

·       Skins International Trading AG