Global Innerwear Market Size to Exceed USD 403.72 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Innerwear Market Size is Expected to Grow from USD 233.52 Billion in 2023 to USD 403.72 Billion by 2033, at a CAGR of 5.63% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Innerwear Market Size, Share, and COVID-19 Impact Analysis, By Product (Bottom Innerwear and Top Innerwear), By Material (Cotton and Polyester), By Distribution Channel (Offline and Online), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The innerwear market refers to the global industry focused on the design, production, distribution, and sale of undergarments worn beneath outer clothing. This includes products such as bras, panties, briefs, undershirts, camisoles, tank tops, vests, boxers, and thermal wear, designed for support, hygiene, comfort, and fashion. Moreover, the innerwear market is driven by rising personal hygiene awareness, increasing fashion consciousness, growing demand for comfort and functionality, and rising disposable incomes. Urbanization, expansion of e-commerce, innovation in fabrics and designs, and growing preference for branded and sustainable products also fuel market growth across men’s, women’s, and children’s segments. However, restraints in the innerwear market include intense competition, fluctuating raw material prices, cultural sensitivities, and inconsistent sizing standards, which can hinder market growth, brand differentiation, and customer satisfaction across diverse regions.
The bottom innerwear segment accounted for the largest share of the global innerwear market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on product, the global innerwear market is divided into bottom innerwear and top innerwear. Among these, the bottom innerwear segment accounted for the largest share of the global innerwear market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This dominance is due to the consistent and essential demand for products like underwear, panties, and leggings across all age groups and genders, driven by daily use, comfort, and rising awareness of hygiene.
The cotton segment accounted for a substantial share of the global laptop carrycase market in 2023 and is anticipated to grow at a rapid pace during the projected period.
On the basis of the material, the global Innerwear market is divided into cotton and polyester. Among these, the cotton segment accounted for a substantial share of the global Innerwear market in 2023 and is anticipated to grow rapidly during the projected period. Its popularity stems from its softness, breathability, and hypoallergenic properties, making it ideal for daily wear. Consumers prefer cotton innerwear for its comfort, moisture absorption, and suitability for sensitive skin.
The offline segment accounted for the largest share of the global innerwear market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on distribution channel, the global innerwear market is divided into offline and online. Among these, the offline segment accounted for the largest share of the global innerwear market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Consumers prefer physical stores for purchasing innerwear due to the ability to try on products, assess fit and fabric quality, and receive personalized assistance from in-store staff.
Asia Pacific is projected to hold the largest share of the global innerwear market over the projected period.
Asia Pacific is projected to hold the largest share of the global innerwear market over the projected period. This dominance is fueled by rising disposable incomes, growing urban populations, and increasing fashion awareness in countries like China, India, and Southeast Asia, along with expanding retail networks and e-commerce penetration across the region.
Europe is expected to grow at the fastest CAGR of the global innerwear market during the projected period. This is driven by a strong fashion heritage, high demand for quality and stylish products, and the influence of established brands. Consumers prioritize comfort, aesthetics, and premium fabrics in their purchases.
Company Profiling
Major vendors in the global innerwear market are Spanx, LLC, Jockey International Inc., Calvin Klein, Marks and Spencer plc, icebreaker, Wacoal Holdings Corporation, Ralph Lauren Corporation, Minus33 Merino Wool Clothing, Victoria's Secret, American Eagle Outfitters, Inc., PVH Corp., Hanesbrands Inc., Berkshire Hathaway Inc. (Fruit of the Loom)., and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In June 2024, Victoria's Secret and Amazon Fashion joined forces to enhance the customer shopping experience. The partnership will feature more than 4,000 fashion products from Victoria's Secret and PINK, such as panties, bras, swimwear, loungewear, and sleepwear. Specific bra and clothing styles will also be featured on Amazon Prime's Try Before You Buy program.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global innerwear market based on the below-mentioned segments:
Global Innerwear Market, By Product
- Bottom Innerwear
- Top Innerwear
Global Innerwear Market, By Material
Global Innerwear Market, By Distribution Channel
Global Innerwear Market, By Regional
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa